Tag: Port of Rotterdam

Russia joins the World Trade Organization as 156th country

Port of Rotterdam to Intensify Investment for Port Vision 2030

Port of Rotterdam

Port of Rotterdam

Port of Rotterdam

Port of Rotterdam

Port of Rotterdam

ABB s shore-to-ship power solution for Rotterdam

The plan for making liquefied gas (LNG) available at Port of Rotterdam The plan for making liquefied gas (LNG) available as fuel for shipping in the Netherlands has come another step closer. According to Hans Smits, CEO of the Port of Rotterdam Authority, an agreement with ECT will make land available for a 'filling station' between the Gate (LNG) and Euromax (containers) terminals. ECT and the Port Authority are still to work out the last details and sign the agreement.Smits revealed this at a meeting at which ten companies, including Vopak, Shell and the Port of Rotterdam Authority, signed a 'Green Deal' with Minister Maxime Verhagen (Economic Affairs). At the end of last year, Vopak and Gasunie already opened the large GATE LNG terminal on the Maasvlakte, but the liquefied gas delivered by the supertankers is destined mainly for power stations. Vopak wants to build a smaller outbound terminal next to Gate so the LNG can also be supplied as fuel for ships.This terminal is also intended to provide liquefied gas to other LNG stations yet to be built in the country. This investment involves an amount of 40 million and the terminal must be ready by the end of ...

'We spend more money than we get in' It is scarcely a year ago that Paul Smits left telecommunications company KPN to become Chief Financial Officer at the Port of Rotterdam Authority. Last week, he put his signature to a 250 million credit facility from the European Investment Bank (EIB).How are you finding things in Rotterdam?Fantastic. In no other job have I had so much contact with the other people involved, from the business sector right up to the government. The nice thing is that, generally speaking, we have a positive image. That's something we must cherish and something in which we invest a lot.What is the Port Authority's rating, in financial terms?We don't have one because we don't issue bonds. If we did, we'd currently have a single A rating.Why not higher?Due to our massive level of investment. At the moment, we spend more money than we get in; our cash flow is negative. Sounds worrying, but it isn't. It involves ratios like the development of the relationship between our debt position and the long-term profit forecast and solvency. They are very sound.Why do you prefer to borrow from the EIB?Because financing long-term infrastructure projects is their core activity. ...