Port of Rotterdam Authority Reveals 2015 Turnover

 01 Mar 2016     Environment , Global Economy/Trade, Going Places, Mega Ship Ready, Ports

The Port of Rotterdam Authority has revealed that in 2015 its turnover increased by 2.6% to US$734 million.

The authority has stated that the rise was mainly due to a 4.9% rise in the throughput of goods, as a result of which, the port authority received more port dues.

A statement from the authority reads: “costs are under control, therefore profit development is sound.”

However, in total, profits fell by 1.7% for the Port of Rotterdam Authority due to the redemption of a long-term loan that has reduced the debt accumulated due to the construction of Maasvlakte II.

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Chief Financial Officer of the Port of Rotterdam Paul Smits said: "Our financial situation shows a positive development.

“For the second consecutive year after the construction of Maasvlakte II the cash flow is positive, which allows us to continue to invest in the port and at the same time improve our debt position.

“The fact that our revenues have not increased to the same extent as the throughput shows that we are making an effort to keep Rotterdam attractive for business."

The two main sources of income for the Port of Rotterdam Authority are the lease of sites and the seaport dues that ships pay when they visit the port.

A statement from the port authority concluded: “The mission of the Port of Rotterdam Authority is to create economic and social value by generating sustainable growth together with customers and stakeholders.

“That is why the Port [of Rotterdam] Authority, in addition to paying off debts and paying dividends, uses its profits to invest in the development of the port.

“Investments in 2015 included new buoys and dolphins in the Caland and Hartel Canals, the construction of the LNG Breakbulk terminal, quay walls for UWT and Sif - Verbrugge, a jetty for LBC and the redevelopment of RDM Rotterdam.”

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