• 2019 February 14 13:02

    Port of Rotterdam throughput volume up to 469.0 million tonnes in 2018

    At 469.0 million tonnes, the port of Rotterdam’s total throughput volume ended up slightly higher in 2018 than in 2017, which was itself a record year (467.4 million tonnes), the company said in its release. Container transhipment was the engine of growth again, with a 4.5% increase in tonnage. Measured in TEUs, the standard unit for containers, the increase was 5.7% and the annual total was 14.5 million TEUs – also a record. This strengthens the position of Europe’s largest container port in this strategically important market segment. Significant underlying shifts were observable in the goods segments. Whereas container transhipment continued to grow at a healthy pace, that of crude oil, mineral oil products and agribulk fell. Throughput of LNG (+163.6%) and biomass (+31.6%) saw a further spectacular rises last year.

    For the Port of Rotterdam, 2018 was marked by a high level of investment. Gross investments rose 91% to € 408.1 million (2017: € 213.8 million), the highest amount since the construction of Maasvlakte 2. By far the largest part of this amount was used to further improve the logistical accessibility of the port of Rotterdam, for example by constructing the Container Exchange Route on the Maasvlakte, the Princess Amalia Viaduct and relocating the port railway via the Theemsweg route. Also, the Port Authority’s internationalisation strategy was given a significant boost in 2018 by the acquisition of a minority stake in the Brazilian port of Pecém.

    One important employment initiative introduced recently is the Leer Werk Akkoord. This joint scheme involving the Port Authority, the municipality, educational institutions and the business sector offers real jobs for the long-term unemployed in the Rotterdam-Rijnmond region.

    Liquid bulk
    With the exception of LNG, liquid bulk recorded lower throughput volumes in all subcategories last year. The throughput of crude oil decreased slightly, due in part to somewhat lower refining margins. Even so, remarkably, throughput exceeded 100 million tonnes for the fourth year in a row. The throughput of mineral oil products fell mainly as a result of less fuel oil coming into and leaving the port. The huge increase in LNG throughput (+163.6%) was mainly caused by transhipments of LNG, originating from the Yamal field (Northern Russia), from ice-class LNG tankers to ‘normal’ LNG tankers, which then transported the cargo onwards to Asia and elsewhere.

    Dry bulk
    Despite the market being under considerable pressure, the dry bulk segment showed only a slight downturn in throughput (-3%). In the coal subcategory, the consolidation strategy that is being used appears to be working well for Rotterdam: throughput rose by 2.3%. Thermal coal remained at the same level as the previous year. The throughput of coke coal rose thanks to success in attracting cargo packages for Germany. Iron ore throughput fell in 2018, among other reasons due to the renovation of a blast furnace and because of stagnating demand from the steel industry. The fall in agribulk throughput in Rotterdam was partly caused by the shift of cargo packages to Amsterdam.

    Containers
    Container transhipment saw a further strong increase in 2018, as a result of which market share was gained in the Hamburg-Le Havre range. A key factor in the increase in 2018 was the growth in numbers of transhipment and full import containers. Container exports developed less strongly, partly due to Chinese import restrictions on waste flows. The shortsea segment suffered from slowdowns in the British and Russian economies.

    Roll on/roll off and other breakbulk
    In RoRo transhipment too, which ended the year slightly up, the British RoRo trade showed less growth, probably due to the effects of Brexit uncertainty on the British economy.
    The transhipment of other breakbulk cargo was around the same as the volume in 2017.

    Port Authority’s financial results
    The Port of Rotterdam Authority recorded turnover of € 707.2 million in 2018 (2017: € 712.1 million). On the income side, both port dues and lease revenue fell. The net result excluding taxes amounted to € 254.1 million (2017: € 247.3 million) mainly as a result of lower interest charges.

    Site lease charges, the largest revenue item, decreased by 0.9% to € 373.7 million. This decrease reflects a one-off gain in 2017 due to a price revision with retroactive effect. Income from the port dues paid by ships when they visit the port fell 0.5% to € 302.4 million, due to an increase in the discounts granted. Other income came to €31.1 million (2017: € 30.9 million).

    Operating expenses rose 2.6% to € 267.8 million, mainly due to the increase in activities relating to the two strategic priorities: Energy Transition and Digitisation.

    In line with existing agreements, the Port Authority proposes that a € 96.5 million dividend (+38%) be paid to the shareholders – the municipality of Rotterdam (70.83%) and the State (29.17%) – for 2018: € 68.3 million to the municipality and € 28.2 million to the State.

    Outlook

    The Port Authority expects throughput volume to increase slightly in 2019, with container sector growth being lower than the exceptional levels seen in previous years. The Port Authority is implementing a ‘both-and’ strategy: strengthening the existing port industrial complex and at the same time embracing new initiatives in the fields of energy transition and digitisation. The port accounts for 6.2% of gross domestic product and creates employment for 385,000 people.




2019 February 18

16:26 VSC receives positive conclusion of state environmental expertise
16:02 Herbert-ABS releases HECSTAB Offshore
15:31 PPR 6 preview: IBIA working for sensible 2020 solutions at IMO meeting
15:02 Suez Canal extends its dry bulk vessels tolls reduction
14:43 Gazprom and Almaz-Antey Corporation sign contract for batch manufacturing of subsea production equipment
14:20 Average wholesale prices for М-100 HFO up to RUB 15,842 in RF spot market
14:02 MOL Chemical Tankers acquires 20% share of Dutch tank container company Den Hartogh
13:39 2nd Hydraulic Engineering Structures and Dredging Congress to gather over 200 Russian and foreign participants
13:15 ONE unveils enhanced intra-Asia Japan service network for 2019
12:51 Nakhodka Trade Sea Port and Damen sign contract on delivery of tug by summer 2019
12:18 33 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on February 17-18
11:53 World Maritime University signs MoU with Jordan Academy for Maritime Studies
11:30 Coastal fish assessments to continue in Baltic Sea with renewed HELCOM project
11:07 Fincantieri starts dry dock works on ultra-luxury cruise ship "Silver Moon"
10:55 Finnpilot Pilotage amendments its service terms during validity of winter assistance restrictions
10:26 ASCO is interested in cooperation with prominent shipping companies
10:07 Diana Shipping announces the sale of two Panamax dry bulk vessels and time charter contracts for m/v Crystalia and m/v Maera with Glencore
09:40 Brent Crude futures price is up 0.17% to $66.36, Light Sweet Crude – up 0.45% to $56.23
09:21 Baltic Dry Index is up to 639 points
09:07 Panama Canal Board of Directors appoints new Canal Administrator and Deputy Administrator
08:07 IMO conducts training course to enhance maritime security in Kenya
07:32 Valencia hosts first internal technical meeting of European project “H2PORTS - Implementing Fuel Cells and Hydrogen Technologies in Ports”

2019 February 17

16:59 Coast Guard responds to vessel fire near Rockport, Texas
15:09 Kleven Shipyard delivers to Maersk the AHTS Maersk Maker
14:33 Danube high-speed low-wash ferry offers new level of efficiency and reliability
13:21 Interorient Marine Services Ltd. convicted and sentenced for oil discharge
12:39 USCG assists in rescue of five people from sunken vessel near Dutch Harbor
11:01 European ports welcome agreement on the European Maritime Single Window environment

2019 February 16

16:15 Ribbon-cutting kicks off ICTSI´s Batumi terminal expansion project
14:42 Höegh’s RoRo solution chosen for 112MT Transformer shipment
13:28 Torqeedo wins Innovation Award at Miami International Boat Show for powerful new inboard electric propulsion system
12:13 Telford Offshore beefs up its fleet
10:26 Chevron inks new LNG agreement with GS Caltex

2019 February 15

18:05 Noble Corporation announces purchase of a second newbuild jackup rig from PaxOcean
16:57 Port of Goole powered by £1 million solar installation
16:26 ABP continues support of Felixstowe Volunteer Coast Patrol Rescue Service
15:30 Sea Cup 2019 preliminaries kick off in Kamchatka
15:04 CNIIMF authorized to confirm conformity of dangerous cargo containers
13:59 Nevsky Shipyard starts cutting metal for cargo-passenger ship of PV22 project
13:32 Murmansk Sea Fishing Port handled 5,500 tonnes fish in Jan’2019, down 48% Y-o-Y
13:08 Fincantieri and Princess Cruises celebrate three construction milestones of three “Royal” class ships at the Monfalcone shipyard
12:45 Dredging under Sea Port Sukhodol project to exceed 7 mln cbm – details to be covered at the Congress
12:08 Port of Oakland import volume increased 9 percent January 2019
11:46 8 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on February 14-15
11:27 Okskaya Sudoverf lays down seventh dry cargo carrier of Project RSD32M
11:08 DNV GL and Metalships & Docks ink class agreement for luxury sailing vessel
10:53 Throughput of Ukraine’s seaports in Jan’19 grew by 3.4% Y-o-Y to 11.19 million tonnes
10:29 Brent Crude futures price is up 0.63% to $64.98, Light Sweet Crude – up 0.57% to $54.72
10:08 EFIP welcomes the adoption of the European Parliament resolution on NAIADES II
09:41 Bunker prices are going up at the port of Saint-Petersburg, Russia (graph)
09:16 Baltic Dry Index up down to 628 points
09:07 ICTSI inaugurates the expansion of its Batumi International Container Terminal
08:07 MAN Energy Solutions wins contract to supply the engines for a new harbour tug in Spain
07:41 Inmarsat announces new initiatives to support maritime, ports and logistics start-ups with Rainmaking and Bluetech

2019 February 14

18:03 Austal's LCS 20 completes acceptance trials
17:44 Royal Navy to discuss the future of unmanned and autonomous naval warfare at SMi's 3rd annual Unmanned Maritime Systems Technology 2019
17:22 Freight turnover of Neva-Metal (Saint-Petersburg) in January 2019 fell by 26% Y-o-Y to about 190,000 tonnes
17:03 MOL Techno-Trade takes part in marine environmental protection program
16:25 VTB acquires 100% of Novorossiysk Grain Terminal from NSCP Group
16:03 Port of Virginia container volume up 8.9% to 134,638 TEU in January 2019