Port throughput virtually unchanged in first half of 2024

19 Jul 2024 / Rotterdam, Netherlands

Cargo throughput in the port of Rotterdam remained virtually unchanged in the first half of 2024 compared to the same period last year.

Cargo throughput reached 220.0 million tonnes. This is 0.3% lower than in the same period in 2023 (220.7 million tonnes). The decline was mainly due to less handling of coal, crude oil and other liquid bulk.

In contrast, throughput of iron ore and scrap, other dry bulk, mineral-oil products and containers increased. Container throughput increased by 4.2% (in tonnage) and 2.2% (in TEUs) due to increasing (consumer) demand and an early peak season.

Port of Rotterdam Authority investments were on track in the first half of the year. This includes construction starting on CO2 transport and storage project Porthos, awarding of the contract for the construction of the Prinses Alexia viaduct and the Port of Rotterdam Authority invested in making the port of Rotterdam more digitally resilient…

…Dry bulk handling increased by 2.1% compared to the same period last year. The increase is mainly driven by higher throughput volumes of iron ore and scrap… …Throughput of coal decreased by 2.4 million tonnes (-19.7%) due to low demand for thermal coal for power generation. Solar and wind are increasingly used as renewable sources for power generation…

…Throughput of agribulk decreased by 1.2 million tonnes due to low demand for soybeans as a result of certain processes moving to the United States. Other dry bulk (raw materials for various industrial applications and the construction sector) shows an increase.

The throughput figures for agribulk (-19.3%) and other dry bulk (80.7%) show large deviations compared to 2023. Due to a correction in 2023 to an erroneous declaration in the seaport dues system in 2022, these figures show a distorted picture. Without the correction, agribulk shows a decrease of 5.1% and other dry bulk shows an increase of 20.7%...

…In the first half of the year, 3.1% less liquid bulk was handled. Some 5.8% less crude oil was handled due to maintenance at some Rotterdam refineries in the first quarter… …Large reserves have been built up for both segments since Russia’s invasion of Ukraine to strengthen energy security. The other liquid bulk segment declined by 7.9%.

…Container throughput increased by 4.2% in tonnes to 67.1 million tonnes by 2.2% expressed in TEUs, to 6.8 million TEU. The first quarter already saw a slight recovery in container throughput. This trend continued in the second quarter. This is a direct consequence of an increase in demand for consumer goods. Additionally, there is an early peak season as importers order their products earlier than usual due to longer sailing times and fluctuating sailing schedules. Ships have not passed through the Suez Canal since late 2023, due to turmoil in the Red Sea…

…Roll-on Roll-off (RoRo) traffic decreased by 4.1% to 12.8 million tonnes due to a weak UK economy. The other breakbulk segment fell 10.5% to 3.1 million tonnes. This is due to the containerisation of general cargo and the shifting of various cargo packages to other ports…

(For information about operations in the Netherlands, contact GAC Netherlands at [email protected])

Source: Extract from Port of Rotterdam press release dated 18 July 2024

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