Port of Rotterdam: Cargo volumes down in 2016

Rotterdam_Port

The Port of Rotterdam announced its freight volumes dropped 1.1% to 461.2mn tonnes in 2016.

Liquid bulk managed to maintain to the high level reached in 2015. Following 10% growth in 2015, 1.2% more containers were handled in 2016.

Allard Castelein, CEO of Port of Rotterdam Authority, said that while levels have fallen overall, growth in 2015 was “exceptional” at 4.9%.

“The Rotterdam port and industrial complex is facing huge challenges, in particular digitisation and energy transition as well as stiff competition from surrounding ports,” he said.

“Divergent trends provide reassurance that the complex can handle these challenges, such as the major investments in various refineries, a number of projects that should shape energy transition and the new container line sailing schedules that are favourable to Rotterdam.”

Despite the fall in volumes, profits were slightly up during the year. Turnover remained stable at EUR675.4mn as a result of costs being under control, as profits increased by 5.0% to EUR222.2m.

LEAVE A COMMENT

×

Comments are closed.