• 2021 February 19 15:18

    Port of Rotterdam volumes down by 6.9% to 436.8 million tonnes in 2020

    Goods volumes in the port of Rotterdam recovered in the second half year, limiting the decline in annual volume last year to 6.9% by comparison with the previous year, according to the company's release. The strong operating result has put the Port of Rotterdam Authority in a good position to implement an ambitious investment agenda in the years to come.

    The Port of Rotterdam Authority's financial results were better than in 2019, mainly due to one-off income items and cost savings. The operating result before interest, depreciation and taxes was € 477.5 million (2019: € 433.4 million) and the net result was € 351.7 million (2019: € 238.9 million).

    The volume of goods throughput in 2020 in the port of Rotterdam was 436.8 million tonnes. Rotterdam therefore continues to be the largest port in Europe by far. During the first half year, total throughput fell by 9.1%. However, in the second half year, that fall was 4.6% by comparison with the same period last year. Consequently, the decrease for 2020 as a whole was limited to 6.9%.

    The changes in volume were largely attributable to the corona recession. Above-average volume decreases were seen in iron ore (-24.5%), coal (-22.8%), crude oil (-10.2%) and mineral oil products (-11.9%). The decline in containers was limited (-1.2% in tonnes, -3.2% in TEUs). Rises were seen in the throughput of agribulk (+4.8%) and biomass (+108.3%).

    Dry bulk throughput in 2020 (63.8 million tonnes) fell sharply by comparison with 2019 (74.5 million tonnes). Incoming iron ore and cokes were down, mainly due to the major decline in German steel production. The throughput of energy coal was lower than in 2019.

    Its share in electricity production, which had already dropped as a result of the pandemic, fell off even more due to strong competition from solar, gas and record wind production. A coal-fired power station on the Maasvlakte was also shut down. A positive exception was the rise in the throughput of biomass, more of which was used in the Amer9 power station in Geertruidenberg.

    The throughput of liquid bulk was 192.0 million tonnes (2019: 211.2 million tonnes). The throughput of crude oil in Rotterdam declined due to less demand for oil products.

    Container throughput volumes in the second half of 2020 were higher than in 2019 (76.4 million tonnes as opposed to 75.7 million tonnes).

    The Port of Rotterdam Authority's financial results were better than in 2019. Contract revenue increased. That led to an operating result before interest, depreciation and taxes of € 477.5 million (2019: € 433.4 million).

    The net result was € 351.7 million (2019: € 238.9 million). In addition to the one-off effects in the revenue from site rental, this result was also affected to a major extent by the fact that the planned reduction of the rate for corporation tax to 21.7% did not go ahead (remaining at 25%).

    Due to its healthy financial position, the Port Authority is still able to make investments in improving the port infrastructure and making an impact on society as a whole. Gross investments, including participating interests, amounted to € 265.8 million (2019: € 338.3 million).

    The Port Authority proposes to pay € 120.5 million in dividend for 2022 to the shareholders, the City of Rotterdam and the Dutch State, with € 78.7 million being paid to the city and € 41.8 million to the State.

    A return to pre-COVID in 2021 is unlikely given the subdued outlook for economic recovery.

    Allard Castelein: 'The day-to-day mindset of the business community in the port of Rotterdam when it comes to maintaining our strong competitive position and leading role means we can be confident about the future of the port. This is where the money for tomorrow will be earned, which is why the Port Authority itself is expecting to invest around € 1.5 billion in the next five years in the energy transition, digitalisation and infrastructure. And so we are the driving force behind employment, income and prosperity for the Netherlands. By making strong decisions and with the determined efforts of local, regional and national authorities, it will be possible to make the most of the potential created by the engine room of Rotterdam and to further the earning capacity of the Netherlands.'

2021 February 26

12:14 CMA CGM to dedicate six new LNG-powered vessels to U.S. services
11:42 CPC system to transport 67.5 mln tons of crude oil in 2021
11:37 MPA awards LNG bunker supplier licence to Total Marine Fuels
11:18 MPA awards LNG bunker supplier licence to Total Marine Fuels Private Limited
11:04 Wärtsilä and Ocean Technologies Group partner to deliver transformational learning solutions to improve safety and efficiency at sea
10:45 MABUX: Bunker market this morning, Feb 26, 2021
10:39 Car carrier Orca Ace earns ClassNK's 1st remote survey notation
10:36 Port of Baku Director General held online meeting with members of American-Azerbaijani Chamber of Commerce
10:14 Port of Gdynia welcomes largest single delivery of wind turbine propeller blades in Polish history
09:51 Bunker prices continue rising at the Port of Saint-Petersburg, Russia (graph)
09:32 Oil prices decrease amid dollar rise
09:18 Baltic Dry Index as of February 26

2021 February 25

20:19 Bunker Weekly Outlook, Week 08, 2021
18:37 Port of Oakland boss appointed CAPA Vice President
18:07 Port of Los Angeles announces launch of new ‘Control Tower’ data tool for tracking cargo
17:53 Admiral Nevelskoy ferry leaves Saint-Petersburg for Sakhalin
17:49 BPA reports lowest passenger numbers in 60 years
17:42 Finnlines Plc issues its Financial Statements 2020 and Financial Review for 2020
17:34 Cutting restrictive trade policies could boost global economic recovery from COVID-19 by 3.4%
17:31 ECSA: European shipping is central to the success of EU's new trade strategy
17:20 APM Terminals Algeciras reaches all employees with a safety campaign
16:58 Tallink Grupp reports net loss of EUR 108.3 million for pandemic year 2020
16:41 Terms of references for Klaipeda Seaport's Southern part development to be prepared by American specialists
16:19 BPO’s comprehensive ports report published today
16:15 Hiab to supply MV Commercial with 100 HIAB loader cranes
15:45 Rolls-Royce secures UK MOD funding for innovative technology to support naval autonomy
14:50 Consequences of COVID pandemic affect the Port of Hamburg’s 2020 throughput
14:25 Bunker prices are slightly up at the Far East ports of Russia (graph)
13:13 Nevsky Shipyard delivers Pola Gali, yet another ship of Project RSD59
13:07 DNV GL joins smart maritime network to enhance industry cooperation on digitalization
12:10 ClassNK grants its first remote survey notation for PCC ORCA ACE
11:32 NOVATEK and Shenergy Group sign SPA for LNG from Arctic LNG 2
11:04 “K”Line commences technical management of Singapore’s first LNG bunkering vessel “FUELNG BELLINA”
10:33 Telemar wins 50-vessel service and maintenance contract with Fairplay Towage group
10:21 MABUX: Bunker market this morning, Feb 25, 2021
10:13 BC Ferries releases its third quarter results
09:59 CMA CGM implements FAK rates from the Mediterranean, Adriatic, North Africa & Black Sea to the Indian Subcontinent
09:50 BC Ferries' fifth battery hybrid-electric vessel launched
09:28 Oil market sees mixed price movements
09:12 Baltic Dry Index as of February 24

2021 February 24

18:06 Parkwind selects DEME Offshore for foundation EPCI contract at Arcadis Ost I
17:47 Ministry of Transport of Dagestan looks into organizing sea cruise tourism in Caspian Sea
17:26 ABS to class first ever Jones Act wind turbine installation vessel
17:16 Yangtze River Protection Law will come into force on 1st March, 2021
16:59 Admiral Kasatonov frigate of RF Navy’s Northern Fleet performs long range campaign tasks in Aegean Sea
16:28 Port of Antwerp deploys autonomous drones for safety enforcement
16:15 DFDS aims for greener ferries from alternative fuel project
15:51 Mordraga supports 4th International Congress “Hydraulic Engineering Structures and Dredging” as its Sponsor
15:29 Maersk backs plan to build Europe’s largest green ammonia facility
14:25 Vostochnaya Veft shipyard starts building yet another floating berth for RF Navy’s Pacific Fleet
14:03 Cargill and Maersk Tankers combine volumes and market expertise to launch new bunker procurement service
13:44 Chuvash Republic to be provided with RUB 330 million for purchase of river transport
13:12 Contractors selected to construct the quays in the Amalia Harbour
12:31 Port of Oakland cargo volume off due to crowded ports
12:27 Corvette Stoyky of RF Navy’s Baltic Fleet entered Oman on business call
11:57 Bureau Veritas joins the coalition for the energy of the future
11:23 MPA joins industry in ammonia fuelled tanker JDP
10:31 MABUX: Bunker market this morning, Feb 24, 2021
10:28 ASPO tests main propulsion plant of chemical tanker PortNews
10:09 The Grimaldi Group orders six ro/ro multipurpose vessels