• 2018 February 15 16:38

    Container throughput drives growth in Rotterdam

    Particularly strong growth in container throughput of 12.3% (in tonnes) was the main driver of growth in the port of Rotterdam throughout 2017. Total cargo throughput rose by 1.3%, with the port returning to the growth trend seen before 2016. According to the port's press release, total tonnage increased from 461 million to 467 million. The increase in containers was offset by a fall in dry bulk of 2.6% and in wet bulk of 4.1%. Break bulk (Roll on/Roll off and other break bulk) increased by 7%.

    Allard Castelein, CEO of the Port of Rotterdam Authority: 'The port of Rotterdam has had a good year. Led by the container sector, goods throughput rose to a record level. The container sector is particularly important because it plays an essential role in creating added value such as employment in the port and the hinterland. I am also satisfied with the high level of investment because it will allow us to facilitate our new and existing customers even better. And we can be happy with the pace at which we are implementing our plans for the energy transition and digitalisation. The Port Authority supports the goal stated in the Dutch coalition agreement to reduce CO2 emissions to 49% of the 1990 level by 2030. To make this happen, we are now appraising a large number of projects.

    We are also making progress in the field of digitalisation. Together with customers, our partners in the chain and digital platforms, we are making sure that the most promising digital innovations are being developed in Rotterdam. The Port Authority assumes an active role in the collection of data and information, and in making them available. The ultimate goal is to make the port and the logistics chains smarter and to safeguard the seamless throughput of traffic and goods. The port will also be faced with the inevitable challenges in 2018, with preparations for Brexit being one of the most important.'

    Financially sound year
    Paul Smits, CFO Port of Rotterdam Authority: 'In financial terms, 2017 was a good year for the Port Authority, with higher turnover and a higher result before tax. As a result, we were able to maintain our high investments in, among other things, improvements to the port infrastructure. In combination with the investments made by existing customers themselves in the port, this results in an extremely intense level of investment, something that is needed to stay ahead of the competition.
    The net result of the Port Authority fell because the profit for 2017 was subject to corporation tax for the first time. So that makes good cost control even more important.'

    Container throughput rose spectacularly by 10.9% to 13.7 million TEU (twenty feet equivalent unit, the unit for containers) and, by weight, by 12.3% to 142.6 million tonnes. In the second half of the year, tonnage throughput was 14.1% higher (12.4% in TEU) than in the same period in the preceding year. There has been steady growth over the past five half years. Rotterdam's share of the container market is now at its highest level since 2000 at 31% (2017 through to Q3). Most growth was seen for Asia and South America and traffic from North America. Feeder volume in particular grew strongly (21% in TEU) for all European shipping areas and in particular Scandinavia and the Baltic states. Growth in short sea amounted to 10.2% (TEU), with a particularly sharp increase in throughput for services to and from the Mediterranean and ScanBaltic. The hinterland volume also rose (6.3%). This growth and the increase in feeder volume confirm the strong position of Rotterdam in the networks of container shipping companies and major alliances. Throughput on Maasvlakte 2 rose sharply and volume also increased at almost all other terminals.
    The throughput of loaded containers increased by 12.1% (TEU), outstripping the rise in empty containers (6.1%).

    Liquid bulk
    The throughput of crude oil increased by 2.3% to 104.2 million tonnes. This was mainly due to the higher utilisation rates for the refineries. The incoming and outgoing flows of mineral oils and oil products fell by 10.8% to 79.2 million tonnes, mainly due to fall in the exports of fuel oil from Russia. The level of fuel oil going to Asia also declined. A fall in the throughput of 'middle distillated products', in particular kerosene, was partially offset by a growth in naphtha throughput. LNG throughput increased by 16.5%, mainly as a result of higher deliveries to the gas network and the development of LNG bunker facilities. The throughput of chemical products remained stable, while biofuels rose due to a rise in European demand for biodiesel. Vegetable and animal products also increased in volume. The throughput of remaining products from the other liquid bulk category declined, as a result of which the volume for the category as a whole fell by 7.3%.

    Dry bulk
    Throughput of ores and scrap remained stable at over 31 million tonnes, although there was a slight shift in the tonnages, with scrap increasing and ore falling off slightly. Coal volume fell by 9.5% because eight coal-fired plants (two in the Netherlands and six in Germany) were closed and the other power stations produced less. The throughput of coke, which is needed for steel production, declined slightly. The Agribulk sector grew by 6.6% to 11.1 million tonnes. The amount of other dry and biomass goods tailed off slightly by 0.6% to 12.1 million tonnes. An increase in the throughput of biomass to Belgium was offset by a decline in other dry bulk. All in all, dry bulk fell 2.6% to 80.2 million tonnes.

    RoRo and Other Break Bulk
    Roll on/Roll off benefited from the use of larger vessels, the expansion of the number of services and growth in existing services. The result was a growth of 6.2%. Other break bulk rose by 9.8% as a result of increased exports, the output of monopiles for offshore wind projects, higher input of steel and an increase in aluminium throughput.

    The Port Authority expects the throughput volume to increase further in 2018, with growth in the container sector being lower than the exceptional growth in 2017.

    Financial results of the Port Authority
    The Port of Rotterdam Authority booked a turnover of € 712.1 million in 2017, an increase of 4.6% by comparison with 2016. Net profit amounted to € 187 million, a fall of 16.6% due to the fact that the Port of Rotterdam Authority was subject to corporation tax with effect from 1 January 2017. The exact amount to be paid can be determined only after the completion of negotiations with the tax authorities about the fiscal opening balance. Investments rose by 18.9% to € 213.8 million, the highest since the construction of the second Maasvlakte.

    Land leases, the largest revenue item, increased by 10% to € 377.3 million as a result of new contracts and indexation, or of the renewal of existing contracts at revised rates. This includes a one-off gain of € 25.8 million owing to the revision of contracts with clients. The revenue from port dues, the money paid by ships that visit the port, declined slightly by 1.7% to € 303.9 million due to a fall in the average price per tonne and an increase in discounts. Other income amounted to € 30.9 million, a rise of 8.7%.
    Operating expenses increased by 9.3% to € 261 million. The two main reasons are the increase in activities for the two strategic priorities, the Energy Transition and Digitalisation, as well as the contribution to the social dialogue concluded in 2016.

    In accordance with the existing long-term agreements, the Port Authority proposes a payment of € 94.6 million (2%) of the dividend for 2017 to the shareholders, the City of Rotterdam (70.83%) and the State (29.17%), with € 67.0 million being paid to the City and € 27.6 million to the State.

    The mission of the Port of Rotterdam Authority is to create economic and social value by achieving sustainable growth in collaboration with clients and stakeholders. After the payment of the dividend and repayment of debts, the profits made by the Port Authority are invested in the further development of the port. In 2017, investments were made in, among other things, the Offshore Center Rotterdam, the new berth for Stena Line, the modernisation of berths in the Caland Canal, Maasvlakte Plaza and the RDM Grofsmederij as a location for new companies. The Port Authority invested a total of € 213.8 million last year, an increase on the investments of € 179.8 million in 2016.
    The Port Authority expects to maintain the high level of investment in the coming year. Important projects include the development of the Hartel Tank Terminal and the changes to the port railway via Thamesweg, eliminating the clash between transport by rail and ocean-going vessels.

2018 March 20

18:20 Sirius Petroleum announces delivery of compact well head systems for Ororo-4 and Ororo-5
18:02 Leningrad Region Governor visits Vyborg Shipyard
17:56 PSA’s Bharat Mumbai Container Terminals enhances Nhava Sheva connectivity with first barge and train volumes
17:40 Van Oord posts results for 2017
17:25 Nevsky Shipyard designed a unique test stand
16:58 Multi-Link Terminals Ltd Oy orders Konecranes ship-to-shore crane for its Helsinki terminal
16:40 SMM 2018: green shipping makes headway
16:01 Transit shipments of containers on Russian Railways' network increased by 40% in January-February 2018
15:36 Rotterdam, the Netherlands will host 21st Ballast Water Management Conference on 7-8 November, 2018
15:13 NWSA container volumes grow 6 percent in February 2018
14:50 IMO Secretary-General Kitack Lim spoke at International Shipping Summit in Istanbul
14:24 More than half of spaces at icebreaker Arktika being built by Baltiysky Zavod are ready for outfitting (photo)
14:12 Maersk Line increases FAK rates from Far East to North Europe
13:35 Dredging works to be performed at seaport of Vladivostok
13:13 BP charters Safe Caledonia for West of Shetland
12:47 Traffic of passenger cars and buses through Crimea Bridge to be launched in May 2018 – RF Transport Ministry (photo)
12:01 Wan Hai Lines to launch new China to Vietnam service
11:51 40 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on March 19-20
11:28 Bunker prices level up at the Far East ports of Russia following last week’s fall (graph)
11:19 Maersk Line stops Winter Fee from world to St Petersburg FCT, RU, St Petersburg, RU, St Petersburg FP, RU, Ust Luga, RU and Kronshtadt
11:03 Skangas celebrates milestone with 1,000 LNG bunkering operations in 2017
10:40 Experts say Wärtsilä – Transas transaction is a step towards Wartsila localization in Russia
10:14 Brent Crude futures price up 0.3% to $66.25, Light Sweet Crude – up 0.34% to $62.34
09:37 Rosneft produced 225.5 mmtoe of liquid hydrocarbons in 2017, up 7.3% YoY
09:15 Baltic Dry Index down to 1,136 points

2018 March 19

18:06 CMA CGM announces GRR from Asia to East Africa
18:00 NIBULON awarded first advanced training certificates of state standard to shipbuilders
17:39 Vladivostok Sea Fishing Port handled 618,500 tonnes of fish in 2M’18, up 19.8% Y-o-Y
17:22 Gross revenue of Sovcomflot in 2017 grew by 3.4% to $1.43 billion
16:58 VSC terminal launches train services to Ramenskoye Station
16:41 Wagenborg carries out inspections in Russian Far East
16:30 ClassNK releases Guidelines for Direct Load Analysis and Strength Assessment of hull structure
16:06 Port of Rotterdam Authority: solid financial results in 2017 create new scope for ambitious investment programme
15:49 Maersk Line relaunches Asia-Europe Network to increase schedule reliability
15:43 Port of Rotterdam could increase its market share in certain regions in South-West Germany by up to 23%
15:17 North Rhine-Westphalia and Port of Rotterdam make start on port agreement
14:54 Exercise on maritime security held in Nigeria on 14-16 March
14:29 Rosneft posts growth of its net income in 2017, by 40.7% to USD 3.8 billion
13:55 Average wholesale prices for М-100 HFO down to RUB 11,944 in RF spot market
13:32 Workshop on how to design and conduct drills and maritime security exercises held in Jamaica
13:10 DP World and NIIF joint venture Hindustan Infralog to acquire 90% of Continental Warehousing Corporation in India
12:48 52 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on March 18-19
12:21 Wärtsilä acquires Transas to accelerate its Smart Marine Ecosystem vision
12:05 ULSTEIN holds steel cutting for SunStone's X-BOW expedition cruise vessel
11:49 Aker Arctic and ICEYE to provide satellite ice information
11:30 13th Arctic Passion Seminar held in Helsinki
11:08 Bibby Offshore announces merger with Rever Offshore
10:45 Container throughput of port Hong Kong (China) up 2.2% to 3.22 million TEUs in Jan-Feb’18
10:23 Brent Crude futures price down 0.48% to $65.89, Light Sweet Crude – down 0.46% to $62.12
10:08 MSC launches new freight rail service between Seville, Spain, and the Atlantic
09:42 Singapore will host 17th Vessel Efficiency and Fuel Management Summit on 29-30 August 2018
09:17 Baltic Dry Index down to 1,143 points
09:08 Ulstein celebrates keel laying of Lindblad’s first polar new build
08:04 DP World acquires fully integrated logistics services provider in Peru

2018 March 17

06:48 Seatrade convicted for trafficking toxic ships

2018 March 16

18:06 Rijkswaterstaat awards Afsluitdijk project to Levvel consortium
17:36 HHLA Container Terminal Burchardkai handles new record ship
17:05 ICS publishes latest Flag State Performance Table
16:51 Vladimir Putin inspected the completed new road section of the Crimean Bridge
16:35 Wison successfully delivers the global largest single cracking furnace module