In a challenging economic landscape, the Port of Rotterdam Authority is navigating headwinds while maintaining a strong commitment to sustainability. Interim CEO and COO Boudewijn Siemons sheds light on the port’s performance, highlighting key trends across various cargo segments and emphasizing their dedication to climate-neutral initiatives, as reported by Port of Rotterdam.
- Port of Rotterdam faces lower throughput due to economic challenges but remains dedicated to sustainability initiatives, such as the CO2 capture and storage project, Porthos.
- Dry bulk experiences mixed trends with increased iron ore and scrap throughput but a significant decline in coal due to competition from alternative energy sources.
- Liquid bulk sees a drop, driven by reduced crude oil supply and sanctions impacting the transport of Russian oil products, while container throughput is impacted by global freight demand and lower consumer spending.
Insights from Interim CEO and COO
Boudewijn Siemons, interim CEO and COO of Port of Rotterdam Authority, discusses the port’s performance in the first nine months, highlighting the impact of economic challenges on throughput figures and the unwavering commitment to a sustainable, climate-neutral port.
Dry Bulk Trends
The dry bulk segment’s performance is analyzed, showcasing a decline of 11.9% in the first three quarters of the year. While steel production dropped, there was an increase in iron ore and scrap throughput, along with a significant decrease in coal, influenced by competition from alternative energy sources.
Liquid Bulk Challenges
The liquid bulk segment experienced a 2.4% drop, primarily attributed to maintenance work reducing the supply of crude oil and sanctions impacting the transport of Russian oil products. The segment’s performance, including LNG and other liquid bulk, is detailed.
Container and Breakbulk Realities
Global freight demand, influenced by inflation and geopolitical factors, has impacted container throughput in Rotterdam. The article delves into the container segment’s 8.1% decline in weight and 7.2% decrease in container numbers. It also discusses roll-on/roll-off traffic and other general cargo performance in light of reduced consumer spending and investments, resulting in a 6.0% fall in breakbulk throughput. Despite these challenges, the transshipment volumes showed an 8.1% increase in the third quarter of 2023.
Did you subscribe to our daily newsletter?
It’s Free! Click here to Subscribe!
Source:Port of Rotterdam
