Gunvor Gets Go-Ahead for Bunker Fuel Refinery Upgrade in Port of Rotterdam

LONDON, Jan 25 (Reuters) - The Netherlands has given provisional approval to Gunvor to add a fuel upgrading unit at its Rotterdam refinery, according to a document seen by Reuters, as the international oil trader prepares for tough new environmental rules on shipping fuels. The rules from the International Maritime Organization (IMO), due to come into effect in 2020, aim to … [Read more...]

Photos: Western Isles FPSO Arrives in Rotterdam

The giant floating production, storage and offloading unit for Dana Petroleum's Western Isles development project in the North Sea has reached Rotterdam following a seven-week trip from China. The Western Isles FPSO was loaded aboard COSCO Shipping's new semi-submersible heavy lift ship MV Xin Guang Hua in February following delivery from the Cosco shipyard in China. The … [Read more...]

COSCO Pacific Buys Into Rotterdam Container Terminal

By Kyunghee Park (Bloomberg) -- China’s Cosco Pacific Ltd. will pay 125.4 million euros ($143 million) for shares and loans in a container-terminal operator in Rotterdam amid an overseas expansion drive by Chinese companies. Cosco Pacific will buy 35 percent of Euromax Terminal Rotterdam BV for 41.4 million euros and assume 84 million euros of debt equivalent to 35 … [Read more...]

Rotterdam Port Sees Surge in Vessel Traffic Since 2007

The number of vessels arriving at the Port of Rotterdam has increased for the first time since 2007. According to the Port of Rotterdam Authority, 29,122 sea-going vessels arrived in 2015, compared to 29,014 vessels in 2014. This represents a significant increase from 37,097 vessels, which called at the port in 2007. In addition, the number of significant accidents at … [Read more...]

Dutch “Disappointed” with EU Commission Order to Cut Port Tax Breaks

AMSTERDAM, Jan 21 (Reuters) - The Dutch Finance Ministry said on Thursday it was "disappointed" with an EU Commission order to do away with corporate tax exemptions for six ports, including Rotterdam, Europe's largest. The measure puts the Netherlands at a disadvantage, the government said in a statement, calling on the Commission to ensure fair competition. European … [Read more...]