POST Online Media Lite Edition



 

Port of Rotterdam reports container decline in first quarter

Christian Fernsby |
In the first quarter of 2023, 1.5% less freight passed through the port of Rotterdam than in the same period last year.

Article continues below




In total, 111.7 million tonnes were handled compared with 113.4 million tonnes in the same period in 2022. The fall mainly concerned the throughput of containers and freight in the breakbulk segment.

Throughput in the mineral oil products, crude oil, LNG, iron ore and scrap, agribulk and coal segments increased.

In the first quarter, liquid bulk throughput increased by 5.6% to 54.3 million tonnes. Within this market segment, the supply of crude oil increased by 0.8 million tonnes (+3.2% to 26.3 million tonnes).

As a replacement for Russian oil, more crude oil was supplied from the United States, West Africa and the Middle East. Since this oil is transported over longer distances, the use of Very Large Crude Carriers (VLCCs) increased. In the first quarter, twice as many VLCCs (50) have already unloaded crude oil as last year. Port calls from Suezmax tankers also increased by 30%. Transhipment of mineral oil products increased by 1.6 million tonnes to 15.1 million tonnes (12%) in the first quarter.

This increase was mainly due to the increase in the throughput of diesel at independent terminals and at the dolphins. This served mainly to replace imports of sanctioned Russian diesel. The throughput of LNG also increased by 14.3% to 3 million tonnes in the first quarter.

This was due to the high European gas price and the fact that more spot cargo has been shipped. The growth in LNG supply comes mainly from the United States as an alternative to reduced European imports of Russian gas by pipeline.

The dry bulk segment showed a slight growth of 0.2% to 17.9 million tonnes in the first quarter. In this segment, iron ore & scrap and coal are the main commodities. Both commodities showed an increase.

Throughput of iron ore & scrap rose by 10.1% to 6.2 million tonnes. As a result of the temporary failure of blast furnaces in Dunkirk, Gijón and IJmuiden, factories in Rotterdam’s hinterland operated more intensively.

This was also the cause for the increased demand for cokes for steel production. In the first quarter, the total coal throughput increased by 26.3% to 7.4 million tonnes.

Container throughput decreased 11.5% by weight to 31.5 million tonnes and 11.6% by volume to 3.2 million TEU (the standard unit for containers). This decline had already started during 2022 due to the elimination of volumes to and from Russia. As the war in Ukraine only began in late February, the impact on throughput volumes in the first quarter of last year was still limited.

In the past, these volumes accounted for 8% of total container throughput.

The decline in imports from Asia (-14.2% in TEUs) due to lower demand for physical goods due to accumulated stocks and inflation was also reflected in the throughput figures.

Despite the strong improvement in chain performance, no transhipment has been recovered yet in the first quarter. These volumes moved to smaller ports due to congestion during the pandemic.

The total throughput in the breakbulk segment (Roll-on/Roll-off and other general cargo) decreased by 6.0% to 7.9 million tonnes. RoRo traffic decreased by 2.2% to 6.6 million tonnes compared with the first quarter of last year. This was due to lower demand from the UK due to a moderately performing economy.

Throughput of other general cargo fell by 20.9% to 1.4 tonnes. This was mainly caused by cargo shifting back to the container segment due to lower container rates.


What to read next

Port of Rotterdam throughput virtually unchanged in 2022
ACCC takes action against NSW Ports
Hong Kong's total port cargo throughput decreased by 11.1% in Q3

U.S.: Pacific storm over west

 
An omega pattern aloft will support impactful weather across the Central U.S. this weekend.
 
 

Latest

U.S. drillers cut oil and gas rigs to 620
4.8 magnitude earthquake rattles New Jersey and New York
Rare species of wild bees discovered in Berlin
UK: Leicester City Council confirms ransomware attack after confidential documents leaked

NEWS

Finland extends border closure with Russia indefinitely

Russian nationals admit to illegally sending controlled aviation technology to Russia
Germany says Russia ‘very likely’ responsible for Baltic GPS disruptions
Singapore jails second defendant in laundering case
Taiwan earthquake deaths climb to 12
Czech police arrest 14 for drug smuggling
 

BUSINESS

Australia: East coast gas surplus expected in Q3 2024

Kuwait-Saudi rail link to be ready by 2028, says report
Cambodia approves investment projects worth $2.2 in Q1
Venice to charge day trip tourists 5 euros
Commission opens two in-depth investigations in solar photovoltaic sector
UK airports granted extensions to install cutting-edge security technology
 

Trending Now

Slovenia's economy expected to grow 0.9 pct in Q1

UK scientists win funding for 'cancer detecting' Lollipops

UK's competition watchdog to examine EDF buying GE's nuclear turbine unit

Study finds there's right way and wrong way to deliver negative feedback in workplace


POLITICS

UK Exports Minister visits Latin America to boost trade and unlock billions worth of exports

Argentina, Brazil in talks to reverse Bolivian gas pipeline amid shortage
Trudeau offers $6 billion to provinces to build housing
€1 billion Greek State aid measures to support renewable energy generation and storage projects
North Carolina reaches electric vehicle registration goals two years early
Colorado Energy Office launches tax incentive for geothermal electricity development and production
 

Today We Recommend

Thieves steal up to $30 million in one of largest cash heists in L.A. history


Highlights 

99 Cents Only Stores to close all 371 stores

Alaska Airlines says Boeing paid $160 mln for 737 Max 9 grounding

Saint-Gobain to acquire Bailey for $650 million


COMPANIES

99 Cents Only Stores to close all 371 stores

Alaska Airlines says Boeing paid $160 mln for 737 Max 9 grounding
Lindsay announces agreement to acquire minority interest in Pessl Instruments
Saint-Gobain to acquire Bailey for $650 million
Farmers Mutual Hail to acquire Global Ag from AXA XL
Oar Resources signs deal to acquire Namibian prospecting licences
 

CAREERS

TerraPay names Marco Boldini as EVP and global head of governmental affairs

Farmers Insurance appoints John Griek as CFO
PA Media Group appoints Emily Shelley as new CEO
BioNTech appoints Annemarie Hanekamp as chief commercial officer
Ecobank Group strengthens leadership team
Veramed appoints Karen Curran as chief strategy officer
 

ECONOMY

Slovenia's economy expected to grow 0.9 pct in Q1

Italy faces deficit infringement procedure
Real GDP increased in all 50 U.S. states
Inflation continues to decline in Germany
UK house prices log unexpected fall
South Korea's FDI logs double digit growth in Q1
 

EARNINGS

Dollarama Q4 sales increased 11.3%

Conagra Brands Q3 sales decreased 1.7%
Liebherr finished 2023 business year with record revenue of €14,042 million
BlackBerry Q4 revenue $173 million
Levi Strauss Q1 revenues 8% lower
PVH Q4 revenue of $2.490 billion flat
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

FAO Food Price Index rises in March

Australia grants license for GM bananas amid Fusarium Wilt TR4 concerns
Indian government allows exports of 10,000 tons of onions to UAE
Analytical survey: Sales of agricultural lands in Ukraine up 50% in February
Decline in Norwegian seafood exports in Q1
Tanzania's first fishing harbor to be completed in 2025
 

LEADERSHIP

Study finds workers misjudge wage markets

Some organizations may need to expand their hierarchical structures earlier than others
Study finds there's right way and wrong way to deliver negative feedback in workplace
Allyship is critical and its needs appreciation
Generating 'buzz' about new products can influence their success
Hiring 'problem directors' can knock up to 64% off firm's value
 

CRIME

HSBC pays penalties for alleged breaches of Consumer Data Right rules

Sanofi to settle thousands of Zantac cancer lawsuits
Former asset manager and board member of Geneva private bank referred to Swiss Federal Criminal Court
South Africa: SAP ordered to pay SIU $26m over 'invalid' Eskom contracts
Former Steinhoff director appears in court for $1.1b fraud, racketeering
Genesis agrees to pay $21 million penalty to settle SEC charges
 

Magazine

TRAVEL

Buna channels, an unreal and beautiful part of Bosnia and Herzegovina

JW Marriott unveils Mindful Haven with opening of JW Marriott Hotel Nairobi
Sotheby's Sports Week returns with fantastic artifacts
Red Roof properties open in Michigan
Treyam, your premier lagoon destination in Saudi Arabia
San Francisco: SkyStar wheel on Fisherman’s Wharf to stay for another 18 months
 

SEA, LAND, AIR

2025 Chevrolet Equinox stands apart with fresh looks and capability

Hill Helicopters HX50, luxury in the sky
Opel Movano becomes fully equipped camper van
Porsche Panamera, new hybrid variants
Dodge Charger, 670 horsepower of electric
Pagani Huayra R Evo, 900 hp from 770 Nm
 

DESIGN

Cold night, hot fire pit, cool entertainment

Embellish your home with PVC panels
You'll have to hurry if you want one of 20 new Louis Vuitton watches
Luxury duvet looks good, fells good and keeps you healthy
Vacheron Constantin, watches for life and more
Schüller kitchens, where functionality marries design
 

GADGETS

reMarkable 2, monochrome tablet for your thoughts and your eyes

OnePlus Ace 3V, first with Snapdragon 7 Plus Gen 3
ASUS Zenfone 11 Ultra, flagship with a reason
Samsung Galaxy S24 is photography powerhouse
Casette tapes are making a big comeback, and so are portable players
Neumann TLM 103, standard microphone for both voice and music
 

HEALTH

India launches first home-grown gene therapy for cancer

UK scientists win funding for 'cancer detecting' Lollipops
State to cover rare disease treatment costs in Bulgaria
Type 1 diabetes patients in England to receive 'artificial pancreas' as medication
Pilot study shows ketogenic diet improves severe mental illness
Texas reports possibly U.S. first human case of bird flu linked to cattle
 

MEANTIME

SLAC completes construction of largest digital camera ever built for astronomy

Solar eclipse next week in U.S., Mexico and Canada
Gravitational waves may have made human life possible
Astronomers unveil strong magnetic fields spiraling at the edge of Milky Way's central black hole
Scientists on hunt for evidence of quantum gravity's existence at South Pole
Hydrogen train from Switzerland sets world record