File photo courtesy Port of Rotterdam Authority
The Port of Rotterdam reported throughput of 240.7 million tonnes in the first six months of 2019, a new record for Europe’s busiest port.
The figure represents a 3.4 percent increase compared to the same period in 2018.
The Port of Rotterdam Authority said the growth was driven by container throughput, which rose to 7.5 million TEU, a 6.4 percent increase on a TEU basis compared to last year. Growth in the container sector is contributed mainly to higher import and transhipment volumes.
Crude oil also rose by 2.8 percent and LNG by a whopping 98 percent. The port said the rise in crude oil was driven by more imports of cheaper oil from the United States, while LNG benefited mainly from more exports of American gas to Europe.
The port also reported a moderate increase of 4 percent in revenue, bringing in € 357.8 million.
“Throughput in the port is doing well, particularly in the strategically important container market segment,” said Port of Rotterdam Authority CEO Allard Castelein. “The financial results of the Port Authority are good. We can therefore continue to invest in the port, in physical infrastructure and in digital solutions for trade and logistics”.
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