The port of Rotterdam has handled 5.4% more goods in the first nine months of 2015 compared to the corresponding period of last year.
This growth has largely been attributed to the increase in handling crude oil (up 8.5%) and oil products (up 22.1%), due to the falling price of oil.
The throughput of LNG increased by 83.8% in the first nine months of 2015. As gas prices in Asia have dropped significantly and are now comparable to those in Europe, the supply to the port of Rotterdam has increased. However, in absolute terms, the handling volume of LNG is still limited.
In total, 12.5% more liquid bulk was handled at the port of Rotterdam during the first nine months of 2015.
Allard Castelein, CEO Port of Rotterdam Authority, said: "The growth is almost entirely due to the increase in the handling of crude oil and oil products. Most other types of goods were handled in similar quantities as last year. Since oil represents about half of the throughput, the port achieved a good growth rate. Dry bulk is usually a fairly stable industry, but currently the handling of iron ore and agri bulk is lagging behind somewhat. In the container sector, growth opportunities are currently still limited because the new terminals are not yet operating at full speed."
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/regasification/15102015/lng-throughput-up-at-port-of-rotterdam-1467/