Categories: EuropePublished On: 26.07.2019303 words1.6 min read

The port of Rotterdam achieved throughput of 240.7 million tonnes in the first six months of 2019. That is 3.4% more than in the first six months of 2018. Container throughput, one of the strategic priorities of the Port Authority, rose by 4.8% (in tonnes, +6.4% in TEU) by comparison with the first six months of 2018, which is also a new throughput record. That growth was mainly due to higher import and transhipment volumes.

READ THE HALF-YEAR REPORT 2019

Highlights

• Total throughput of 240.7 million tonnes, a new record
• Increase in container throughput to 7.5 million TEU (+6.4% in TEU, +4.8% in tonnes)
• Moderate increase (+4.0%) in revenue of the Port of Rotterdam Authority to € 357.8 million
• Clear increase (+7.0%) in operating result to € 134.8 million
• Ongoing high investments (€ 177.1 million) in infrastructure

Other positive highlights were in the crude oil (+2.8%) and LNG (+94%) market segments. The rise in crude oil was driven by more imports of cheaper oil from the United States. LNG benefited mainly from more exports of American gas to Europe. Falls were seen in the first half year in the mineral oil products (-5.8%) and agribulk (-7.2%) market segments.

Financial results of the Port Authority

The financial results of the Port of Rotterdam Authority were good in the first half of 2019. Revenue from port dues, and rental and leasehold income from issued land, increased slightly, leading to a rise in revenue of 4.0% to € 357.8 million, with liquid bulk making the largest contribution. Partly because operating expenses rose less than revenue, the result from ordinary activities before taxation improved by 7.0% to € 134.8 million.

CEO Allard Castelein: “Throughput in the port is doing well, particularly in the strategically important container market segment. The financial results of the Port Authority are good. We can therefore continue to invest in the port, in physical infrastructure and in digital solutions for trade and logistics”.

Continue reading on the Port of Rotterdam website here