• 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.'

    Containers
    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.

    Forecast
    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.

    Investments
    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 June 23

09:44 Port of Long Beach announces $16.8 million project to build infrastructure to support zero-emissions cargo-handling equipment
09:43 CMA CGM announces FAK rates from Asia to Red Sea
09:40 Prosafe wins further work for Safe Swift in the Mediterranean Sea
09:35 Costa Cruises celebrates float out of its first ship for China market

2018 June 22

18:24 Shareholders of Volga Shipping Company approve reorganization
18:05 Port of Los Angeles gives $1 million in grants to 30 local organizations
17:50 Denis Khramov appointed as Deputy Minister of Natural Resources
17:29 RF Government approves resignation of Victor Olersky
17:06 TTS Group ASA secures new contracts for RoRo equipment to China
16:05 CMA CGM announces GRR from India to East Africa
15:51 LUKOIL-Bulgaria Bunker starts operating the Bellona tanker at the port of Constanta, Romania
15:34 Port of Rotterdam Authority, DSM, AkzoNobel Specialty Chemicals, FrieslandCampina, Suikerunie, Gasunie, Groen Gas Nederland, ECN, Energy Academy Europe make recommendations for the smarter use of biomass
14:50 Construction works commence in Tallinn Old City Harbour's Terminal D where Tallink ferries are served
14:27 IMO rolls out ferry safety video
14:03 India to make Chabahar Port in Iran operational by 2019
13:38 First shipbroking companies to join SEA\LNG coalition
13:00 Vympel Shipyard delivers 50th fast patrol boat of Project 12150 Mangust to Russian FSB Border Service
12:36 LUKOIL will pay dividends for 2017 in the amount of RUB 130 per ordinary share
12:12 REMPEC hosts regional workshop on response to HNS spills in Valletta, Malta
11:49 IMO regional workshop to address the impacts of fouling
11:25 Ukraine’s water transport carried 0.1 million passengers in 5M’18, up 17.3%, Y-o-Y
11:03 Ulstein announces naming of the Acta Auriga
10:28 “M/V “VASILIY TATISCHEV ” with IMO number 8885157 refused access to the Paris MoU region for the second time
10:21 Brent Crude futures price up 1.15% to $73.79, Light Sweet Crude – up 1.25% to $66.36
10:00 Cargo transportation by Ukraine’s water transport fell by 10.5% to 1.5 million tonnes in 5M’18
09:38 Yevgeny Pankratov appointed as Director of FSUE Rosmorport’s Sakhalin Branch
09:19 Baltic Dry Index down to 1,347 points

2018 June 21

18:27 Diana Shipping announces time charter contract for m/v Philadelphia with Koch
18:00 CMA CGM announces new rotation on ASAF service
17:56 Russia is in need of small bunkering tankers, LNG bunker supply ships and bunker barges - Damen
17:31 Gate terminal (Gasunie/Vopak) to increase ship loading flow rate
16:58 Antwerp blockchain pilot pioneers with secure and efficient document workflow
16:24 Freeport of Riga Authority joins Cruise Lines International Association
16:02 Danaos Corporation announces comprehensive debt refinancing agreement
15:50 MABUX: All eyes are on what course of action OPEC will call for
15:40 12 LNG bunker supply ships to be put into operation in Singapore by 2025
15:02 Ship garbage recycling pilot wraps up at Port of Brisbane
14:39 Vyborg Shipyard launches port icebreaker Ob built for FSUE Atomflot
14:02 APM Terminals supports World Clean Air Day with App upgrade
13:41 Igor Zolotykh appointed as Harbour Master of port Ust-Luga
13:23 Victor Olersky appoints Igor Ishchenko as Harbour Master of port Primorsk
13:02 EU member states’ experts on ship recycling meet in Brussels
12:39 XI Russian Forum “Current State and Prospects for Development of Russian Bunker Services Market” opens in Saint-Petersburg
12:16 ABS issues industry-leading Guide advancing DC power for hybrid electric applications
12:00 Largest gantry crane in the Nordic countries delivered to Meyer Turku
11:57 HVCC Hamburg Vessel Coordination Center and the Rotterdam Port Authority launch unique cooperation
10:55 CMA CGM to acquire CONTAINERSHIPS, a leader in intra-regional transportation in Northern Europe
10:53 Protecting marine life from ship noise is in the focus of meeting on oceans and the law of the sea
10:28 Brent Crude futures price up 0.41% to $75.41, Light Sweet Crude – down 0.59% to $65.3
10:02 Maritime officials in Morocco undergo training at IMO workshop in Casablanca
09:41 Closer look at the interpretation of maritime law
09:19 Baltic Dry Index down to 1,373 points

2018 June 20

18:00 Lead landing ship of Project 11711, Ivan Gren, joins the fleet of RF Navy
17:33 Rosatomflot extends its winter-spring navigation period amid challenging ice conditions
17:05 Genco Shipping & Trading Limited completes common stock offering
16:05 Seatruck Ferries to use larger vessels for Warrenpoint service
15:51 Maritime leaders endorse green initiatives for shipping
15:30 Mitsui to make entry into subsea support vessel business through acquisition of shares in AKOFS Offshore
15:04 Eighty-two Crowley vessels honored with Jones F. Devlin Awards in recognition of 613 combined years of safe operations
14:59 GasLog Partners LP announces new charter agreement with Cheniere Energy