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Dry bulk In dry bulk, less cargo was handled across the board. Bad harvests in major grain and oil seed exporting countries and the ensuing high prices caused agribulk throughput to drop by 18%. Iron ore and scrap dropped 12% due to the low steel production in Europe. Several blast furnaces have closed. Throughput of cokes coal (used in blast furnaces) did not keep pace with the drop in iron ore handling, because cargo flows were bundled and now go via the port of Rotterdam. Cokes coal throughput dropped nevertheless by 4%. The causes are the reduced demand for coal for electricity generation due to the availability of plenty of sustainable energy in the summer and stocks being used up. Throughput of other dry bulk dropped by 9%, due especially to the slump in building and disappointing industrial production. A total of 79 million tonnes of dry bulk was handled. Liquid bulk The throughput of crude oil increased this year by 6%, putting it back at the ‘normal’ level. On the one hand the refinery sector experienced fewer significant maintenance breaks than last year and on the other hand production capacity ceased elsewhere in Europe, a reason why production here was driven up. Similar to previous years, the throughput of mineral oil products increased, this time by 12%. The most important cause is the increased oil product trade, due chiefly to the differences in the price of fuel oil in Europe and Asia. It is worthwhile, for instance, to ship Russian fuel oil via the port of Rotterdam to the Far East. The throughput of naphtha, gas oil, diesel, kerosene and petrol also increased. LNG imports remained at a low level, because the prices in Asia are much higher, resulting in the product being transported to the Far East rather than to Europe. Other liquid bulk experienced growth of 4%, partly through the start-up of Neste (palm oil import) and the increased import of bio diesel. A total of 214 million tonnes of liquid bulk was handled. This cargo segment thus represents half of the cargo throughput in the port of Rotterdam. Containers and breakbulk The continuing economic slump means less cargo is imported and more is exported. The balance of those two is a growth of 2% in tonnage. Because export containers are heavier on average and furthermore, fewer containers were going back empty, the throughput in numbers of containers (TEU) stayed the same. The port of Rotterdam lost cargo in the feeder market, but gained short sea containers. The 11.9 million TEU in containers came to 126 million tonnes. Roll on/roll off increased by 3%, despite the ailing British economy. Other general cargo dropped by 23%, due especially to the greatly reduced import of steel. This brings breakbulk to a total of -5% with 24 million tonnes. Market share The market share of the port of Rotterdam in the Hamburg-Le Havre range increased over the past five years by an average of 0.5 percentage points per year to 37.7% in the third quarter of 2012. The difference with Hamburg and Antwerp in the container segment which arose in 2009 was preserved. Expectations for 2013 In view of the prospects of the development of the Dutch and European, and especially the German economies, modest growth of around 2% is expected again for 2013. This means that the throughput for next year will probably approach 450 million tonnes. The throughput is expected to increase slightly faster in the subsequent years, on the one hand, because the economic prospects for 2014 are better and on the other hand, because the current investments in tank storage, container terminals and coal-fired power plants will result in more throughput over time. Port of Rotterdam Authority press release |