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Port of Rotterdam grew on low oil price

The Port of Rotterdam noted improvements in the first nine months of the year, mainly due to the low oil price. Refined products from one country in particular have brought more work to the port.

5.4 percent more cargo went through the Port of Rotterdam in the first nine months of the year compared to the same period last year. This increase can mainly be traced to crude oil and oil products, says CEO Allard Castelein in a statement. While the oil industry is struggling with the low oil price, the sliding prices have brought more work to the major Dutch port.

"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," says the CEO.

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