Goods throughput in Rotterdam increased by a total 4.9% to 466.4 million t in 2015. This significant growth is almost entirely attributable to the increased throughput of crude oil and oil products.
Allard Castelein, CEO Port of Rotterdam Authority, said: "Low oil prices result in high margins for the refineries, so they have large quantities of oil shipped in for refining. This not only applies to the refineries in Europe but also to those in Russia. The latter produce a relatively large amount of fuel oil, which is shipped to the Far East via Rotterdam. The result is an 8% increase in the throughput of crude oil and an 18% increase in the throughput of oil products."
Although this year the port owes its growth to oil, according to Castelein the port is in a transition phase: "Due to the need to combat climate change, the port is fully committed to energy efficiency as well as the development of renewable energy and bio-based chemistry. Rotterdam already has one of the most energy efficient refining and chemicals clusters and the largest bio-based cluster in the world. It is our ambition to retain our leading position.”
The throughput of crude oil increased by 8.1% to 103.1 million t, driven by low oil prices. The supply and transport of oil products increased by 18.0% to 88.5 million t. In addition to an increase in the throughput of fuel oil, more gas oil and diesel came into the port for the European market. The throughput of LNG increased by no less than 91.3%. However, in absolute terms with 2.3 million t, this segment is still small.
The handling of containers fell by 0.5% to 12.2 million TEU (20 ft equivalent unit, the unit of measurement for containers) and by 1.1% to 126.3 million t (weight). In the first half of the year 6.2 million TEU was handled, the second half 6.0 million TEU.
Edited from press release by Angharad Lock
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/15012016/the-port-of-rotterdam-4-increase-in-throughput-1919/