• 2018 February 16 10:00

    Port of Rotterdam container throughput up 12.3% in 2017

    Particularly strong growth in container throughput of 12.3% (in tonnes) was the main driver of growth in the port of Rotterdam throughout 2017, the company said in its press release. Total cargo throughput rose by 1.3%, with the port returning to the growth trend seen before 2016. 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.'

    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%).

    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%.

    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.

    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.

    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 22

11:14 Bunker prices are flat at the Far East ports of Russia (graph)
10:53 The Maritime Standard announces a special discount for the 2018 Awards
10:27 Brent Crude futures price up 0.01% to $69.48, Light Sweet Crude – up 0.09% to $65.23
10:05 Ukraine’s water transport carried 1,000 passengers in 2M’18, down 64.7%, Y-o-Y
09:41 Cargo transportation by Ukraine’s water transport grew by 41.2% to 0.3 million tonnes in 2M’18
09:19 Baltic Dry Index down to 1,117 points

2018 March 21

18:29 Wight Shipyard wins second order for fast ferry duo from Mexican ferry operator
18:16 Dorian LPG announces third Japanese financing
18:14 GasLog Partners LP announces acquisition of GasLog Gibraltar for $207 million and repayment of intercompany loan
18:04 ABP South Wales achieves new ISO 9001:2016 standard for bulk handling operations
17:42 Port of Gdansk to breathe new life into Dworzec Drzewny Quay
17:20 ABB wins contract to equip two next-generation shuttle tankers with future-proof solutions
17:13 Finnlines decides to exercise the options to lengthen two more ro-ro vessels
17:03 Throughput of Chinese ports up 4.7% to 1.45 billion tonnes in 2M’18
16:39 Pavel Bezmaternykh elected as Director of Eastern-Siberian Inland Navigation Company
16:18 Port of Gdansk overhauls its quays
16:00 Novikombank provides a $100 million loan to STLC
15:47 Huntington Ingalls names two vice presidents
15:21 Gulf Island Fabrication secures contracts for two specialized vessels
15:04 Seatrade Maritime Middle East 2018 to be held in Dubai on 29-31 October as part of UAE Maritime Week
14:42 LUKOIL’s profit in 2017 more than doubled YoY to RUB 418.8 bln
14:23 Wärtsilä and Crowley extend maintenance agreement for 11 articulated tug barges
13:56 IMO launches a video outlining how GMN initiative is uniting MTCCs into a global network
13:29 Ulstein built SOV Acta Auriga completes sea trials
13:11 Dubai will host MARACAD Maritime Innovation Awards on 3 October 2018
13:02 MARACAD 2018 will be held in Dubai on 2-3 October
12:30 17 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on March 20-21
12:09 Port of Quebec to cooperate with Port of Zeebrugge
11:47 Port of Immingham and partners hosted Driving Safety Forward forum
11:39 Vostochny Port JSC exported 5 million tonnes of coal YTD (photo)
10:50 Claimants and defendants in the case on allision of Delta Pioneer tanker with a pier at Primorsk port come to amicable agreement
10:31 Finnlines plans to lengthen two more Ro-Ro ships
10:15 Brent Crude futures price up 0.24% to $67.58, Light Sweet Crude – up 0.25% to $63.7
09:51 ABP's Port of Ayr took delivery of Liebherr crane
09:44 Bunker prices are going up at the Port of Saint-Petersburg, Russia (graph)
09:17 Baltic Dry Index down to 1,122 points
08:08 Scottish ports secure AEO status for Leith, Rosyth and Grangemouth
00:32 Ontario Government accepts Damen proposal for full ferry electrification

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