Port of Rotterdam recorded an increase of 2.8% in its annual container volumes reaching 13.8 million TEUs in 2024. At the same time, total cargo throughput in the major European port declined slightly by 0.7% to 435.8 million tonnes.
The growth in the container segment can be attributed to increased European consumption, according to the Port of Rotterdam Authority, while wage indexation and declining inflation led to higher disposable income and increased demand for consumer goods and food.
Regarding the other cargo segments of the Dutch port, throughput in the iron ore & scrap, mineral oil products, and other dry bulk segments also increased. Additionally, the breakbulk segment saw a decline of 3.7%, while roll-on/roll-off (RoRo) traffic remained stable due to a strong fourth quarter, driven by the introduction of new services and larger vessels.
Boudewijn Siemons, CEO of Port of Rotterdam Authority, commented: “Last year, we found ourselves as a stable port in turbulent international waters. Geopolitical tensions and regional conflicts impacted the global economy, leading to market uncertainty. Economic growth in Europe lagged behind other regions, which is reflected in throughput and business investments in the port of Rotterdam. Despite global conflicts, we have demonstrated resilience as a port and continue to invest in the port of the future.”
Moreover, the Port Authority had a strong financial year with annual revenue increasing by 4.8% to €882 million (US$924 million), operating expenses rising by 8.7% to €318.5 million (333.6 million), driven by wage indexation and higher operating expenses for port maintenance and management.
As a result, earnings before interest, depreciation and taxes (EBITDA) increased by 2.7% to €563.5 million (US$590.3 million) and net profit increased by €40.2 million (US$42.1 million) to €273.7 million (US$286.7 million).
The financial position of the Port of Rotterdam Authority allowed for an 11% growth in gross investments to €320.6 million (US$335.8 million). The largest investments in 2024 included the further development of quay walls for the expansion of box terminals in the Prinses Amaliahaven, the construction of the CO2 transport and storage project Porthos, the widening of the Yangtzekanaal, and the development of the Portlantis port experience centre.
