Port of Rotterdam’s total freight decreased by 1.9% in first nine months

Compared to the excellent first three quarters of 2015 (+5.4%), the Port of Rotterdam’s cargo throughput in the same period this year fell by 1.9%.

Compared to last year, throughput of containers decreased by 0.4% in TEU (cargo capacity unit), and 1.2% in weight. All in all, some 9.3 million TEU was handled in the port, or 94.8 million tonnes.

Throughput in liquid bulk fell by 0.4%, to 160.0 million tonnes. The volume of crude oil handled in the port saw a 1.6% decrease. While the refineries’ margins are still positive, they are smaller than last year. The throughput of mineral oil products is virtually unaltered: +0.2%. While the port handled a lower volume of Russian fuel oil, it did put through more diesel fuel, naphtha, kerosene and gasoline.

The volume of dry bulk handled in the port fell by 7.8%, to 60.3 million tonnes. Iron ore and scrap metal decreased by 8.5%. This is primarily due to growing pressure on the German steel industry due to the dumping of Chinese steel.

Allard Castelein, CEO of the Port of Rotterdam Authority, said: “Each of the different sectors in the port has its own dynamic. The 1.9% decrease is consequently the sum of a number of different developments. In 2016 as a whole, we hope to get near the total throughput achieved in the record year 2015.”

Source: Port of Rotterdam

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