The throughput of dry bulk falls across the board
The port of Rotterdam achieved good results in the first half of the year. Total throughput increased by 6.8% compared to the first half of 2014.
This growth was almost entirely accounted for by the throughput of oil products (+29.7%), crude oil (+8.3%), containers (+3.7% in TEU) and roll-on/roll-off-transport (+9.6%). The throughput of dry bulk (agricultural bulk, coal, ores) fell across the board. For the first time since 2010, the number of sea-going vessels increased considerably (+3%). In the first half of the year, the port did not experience any significant nautical incidents.
The net result grew by 3.1 million to 122.5 million in the first half of 2015. Turnover in the first half of 2015 increased by 14.7 million compared to the first half of 2014. Both the seaport dues and the revenues from contracts rose. The operating expenses were higher, mainly due to higher running costs ( 5.1 million). In addition, depreciation increased by 9.0 million as a result of a one-off depreciation. On the other hand, financial income and expenses were lower due to periodic repayments and an extra repayment at the end of 2014. The income from participating interests rose by 4.1 million. Total investments are expected to fall from 189.3 million in the whole year of 2014 to approximately 160.0 million in 2015.
The prospects for the development of the port are reasonably favourable. The Port of Rotterdam Authority will continue to concentrate on mature markets (such as refining and chemicals), growth markets (such as containers and LNG) and new markets (such as offshore and bio-based). But the growth, innovation and expansion of activities in the port will not come about of their own accord. There is stiff competition with other ports and the business world has to do its utmost to achieve results.
Throughput and trends in the Port of Rotterdam
The total throughput in the Port of Rotterdam increased significantly in the first half of the year. This was attributable to a combination of the trends in various segments. In particular, the increase of mineral oil products by almost 30% (equal to approximately a fifth of the total throughput) had an extremely positive impact on the total growth of 6.8%.
Source and Image Credit: Port of Rotterdam
