The port of Rotterdam sees its freight volumes increase by 15%

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Freight volumes in the port of Rotterdam grew 15% on an annual basis in the third quarter as international trade continued to recover from the COVID-19 crisis, Europe’s largest seaport said.

Trade flows to and from Rotterdam increased by almost 9% in the first nine months of the year, with strong growth in almost all segments, the port said.

“These figures show that the economy is continuing on its upward trajectory. Factories, businesses and logistics are once again operating at full capacity to meet increased demand,” said port general manager Allard Castelein.

Post-pandemic recovery

Heavy consumer spending has brought containerized freight down to pre-pandemic levels, the port said, while transport prices have risen sharply.

As a result, the number of containers arriving in Rotterdam has grown faster than the total amount of goods shipped, as the transport of relatively heavy and low-value goods has declined.

The economic recovery has also boosted demand for bulk commodities like iron ore, which is used to make steel, crude oil and petroleum products.

Coal transport nearly doubled in the first nine months of the year as wind and gas supplies were not sufficient to meet Europe’s growing energy needs.

In 2020, cargo volumes in the port of Rotterdam fell 6.9% due to the coronavirus crisis, the biggest drop in about a decade but smaller than expected.

In 2018, Rotterdam was by far the busiest freight port in Europe, handling more than twice as much freight as its closest competitor.

News by Reuters, edited by MY. For more information on the supply chain, click here. Click on subscribe to subscribe ESM: European Magazine of Supermarkets.


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