• 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.




2020 February 19

18:37 Eni launches hull for Coral Sul FLNG in offshore Mozambique
18:06 Port of Rotterdam aims to become the most sustainable biorefinery in Europe
17:52 NOVATEK’s 2019 profit grew 5.3 times YoY to RUB 865.5 billion
17:31 Royal IHC launches TSHD GHASHA for National Marine Dredging Company
17:28 Wärtsilä and Carnival achieve real-time data exchange between ship and port
17:06 Jan De Nul finishes deepening works in the Port of Maputo
16:46 Port of Hamburg seaborne cargo throughput up 1.1 percent to 136.6 million tons in 2019
16:42 PM Yury Borisov backs RF Transport Ministry’s proposal to assign cargo to Russian-flagged and Russian-owned vessels
16:13 Boston Ship Repair gets Navy's $14.3M contract
15:37 Russia’s market demand for marine fuel to exceed 10 million tonnes in 2020 – PM Yury Borisov
15:10 Inmarsat launches connectivity services in Saudi Arabia across land, sea and air
14:51 FESCO launches new regular container train from Novosibirsk to Khabarovsk
13:48 Russia’s bunker market fell by over 6% YoY to 11 million tonnes in 2019
13:06 Rosneft’s hydrocarbon production in 2019 remained flat YoY at 5.79 mmboed
12:39 Rosneft reports 29-pct increase of its 2019 net income to RUB 708 bln
12:05 Philippine Ports Authority net income soars 31% in 2019
11:47 Konstantin Anisimov appointed as Deputy Head of Federal Marine and River Transport Agency
11:00 Position of the European Federation of Inland Ports (EFIP) on the European Green Deal
10:52 Golar Power forms partnership with BR Distribuidora
10:41 IMO continues its work to counter maritime crime
10:21 MABUX: Bunker market this morning, Feb 19
10:18 Finland accedes to Cape Town Agreement on fishing vessel safety
09:54 Bunker prices go down at the port of Saint-Petersburg, Russia
09:32 Brent Crude futures price is up 1.07% to $58.37, Light Sweet Crude – up 1.05% to $52.84
09:19 Milaha takes part in the Qatar Maritime and Logistics Summit as its main sponsor
09:15 Baltic Dry Index is up to 450 points

2020 February 18

18:00 Petronas signs 12-year time charter party for two new build LNG vessels
17:36 MARAD announces more than $280 million in grants for US ports
17:27 Jotun Marine: Proactive measures needed to improve hull performance
17:06 CMA CGM announces FAK rates from the Mediterranean to USEC and USGULF
16:43 EIB supports refurbishment of Port of Ystad to accommodate climate-friendly vessels
16:21 Oboronlogistics designated as sole executor of works and services related to delivery of goods by sea to Kaliningrad Region
15:36 CMA CGM announces Emergency Space Surcharge for exports from Russia & Baltic
15:33 Stena Bulk and Admiral Makarov University agree to make company-branded class
15:04 Port of Singapore to give 50% port dues concession to passenger vessels
14:40 Borr Drilling enters into new financing arrangement for a newbuild jack-up drilling rig
14:07 Volga Shipping Company to convert three tankers into dry cargo carriers in 2020
13:24 DP World to delist from Nasdaq Dubai
12:48 Bunker prices go down at the Far East ports of Russia (graph)
12:10 E.ON, Rotterdam Port Authority and DeltaPort Niederrheinhäfen agree to develop an infrastructure for freight and passenger ships
11:04 GTT receives two orders from Hyundai Samho Heavy Industries and Hyundai Heavy Industries
10:52 Average wholesale prices for М-100 HFO grew to RUB 10,253 in RF spot market
10:21 MABUX: Bunker market this morning, Feb 18
10:19 Linkspan connection/disconnection service tariff changed at Ust-Luga ferry terminal
09:54 Divers of RF Navy's Black Sea Fleet started preparing for "Depth-2020" competition
09:33 Brent Crude futures price is down 1.13% to $57.02, Light Sweet Crude – down 0.76% to $51.92
09:15 Baltic Dry Index is up to 434 points

2020 February 17

18:37 CMA CGM announces FAK rates from Middle East Gulf & Pakistan to North Europe, the Mediterranean and Red Sea & Red Sea
18:06 European Shipping Week 2020 opens with the latest figures on European shipping
17:50 Gazprom Neft’s supplies of low-sulphur marine fuel to domestic market to exceed 1.5 million tonnes in 2020
17:36 SCHOTTEL secures contract to provide propulsion units for a newly built harbour tug
17:18 BlueWater Reporting issues ISC-North America trade report
17:05 Saga Subsea receives new contract
16:30 IMO’s Sub-Committee on Pollution Prevention and Response meets this week
16:05 Reach Subsea awarded several contracts and call-offs under frame agreements for 2020 execution
15:54 Wärtsilä to supply customized Hybrid Scrubber solution to two Norwegian Cruise Line ships
15:06 Sea Port of Saint-Petersburg's allocations under its social programme totaled RUB 47 million in 2019
14:42 Container throughput of Hong Kong port (China) fell by 20.4% to 1.35 million TEUs in Jan’2020
14:17 Damen holds keel-laying ceremony for Nigerian Navy landing craft
13:38 WFW advices BPER BANCA on Marittima Emiliana financing