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Port of Rotterdam throughput volume falls
[ April 18, 2020 // Gary G Burrows ]The coronavirus pandemic led to highly exceptional conditions in the first quarter of 2020, with severe worldwide disruption of production processes and logistical chains. Closed factories, stricter border controls and restrictions on personal freedom of movement have disrupted society around the globe. This unprecedented situation and the consequences are affecting international trade hubs such as the port of Rotterdam.
Throughput in the first quarter was 112.4 million tonnes, 9.3% down on the same period last year. It should be pointed out that volumes in container handling, LNG and biofuels during the first quarter of 2019 were at record highs.
“We are facing unprecedented disruptions and the port of Rotterdam, as a vital process, intends to continue contributing to society,” said Allard Castelein, CEO of the Port of Rotterdam Authority. “The impact of a decline in demand due to the corona crisis will become clear from April onwards. A 10 to 20% drop in throughput volume on an annual basis would seem to be very likely. This will depend on how long the measures remain in place and on how quickly production and world trade recover.”
Tags: Port of Rotterdam