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Port of Rotterdam container throughput growth below expectations

Xinhua, February 10, 2017 Adjust font size:

The Port of Rotterdam (PoR) in the Netherlands announced Thursday that its throughput of containers increased by 1.2 percent to around 12.4 million twenty-foot equivalent unit (TEU), the unit of measurement for containers, in 2016, which was lower than expectations.

The port authority had projected that market demand would reach 17 million TEU in 2014, but until last year the container throughput only reached 12.4 million TEU. Container handling is expected to continue an upward trend in 2017, the port authority said in its 2016 financial results.

Weaker performance in the past year and a half can be attributed to the start-up phase that new container terminal operators APM Terminals and RWG were going through since they opened in 2015, said PoR director Allard Castelein. These operators expect an increase in the course of this year.

But the new operators actually take away cargo from the older terminals and the old terminals have to find new cargo on the market, as well, the global market did not develop as expected, noted the Dutch Financial Daily (FD). Endit