The Port Authority of Rotterdam had a solid year financially, with revenue increasing by 1.9 per cent to €841.5 million ($909 million).
The port credits the increase in revenue mostly to contract revenue from land leases and port dues.
Contract revenue increased by €28.4 million ($30 million), owing to pricing increases and new contracts.
The port reported that revenue from port dues declined by €4.6 million ($4.9 million) as a result of lower throughput and a higher price per tonne.
Operating expenditures grew by 3.8 per cent, from €10.7 million ($11.5 million) to €292.9 million ($316 million), due to rising personnel and administrative costs.
According to the port, EBITDA increased by 0.9 per cent to €548.6 million ($592 million). The net result was 5.6 per cent (€13.7 million) down to €233.5 million ($252 million).
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The port invested a total of €295.4 million ($319 million), over 15 per cent more than in 2022 at €257 million ($277 million).
The most significant investments in 2023 were in quay walls for the container industry at €72.9 million ($79 million), land reclamation at the Prinses Alexiahaven at €23.1 million ($24 million), and fendering in the Rozenburg lock at €12.8 million ($13.8 million).
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Boudewijn Siemons, CEO of the Port of Rotterdam Authority, said: “2023 saw ongoing geopolitical unrest, low economic growth due to higher interest rates and faltering global trade, all of which had a logical effect on throughput in the Port of Rotterdam.
“However, the year also saw many major investment decisions and milestones in the transition to a sustainable port. We made the final investment decision for the construction of the CO2 transport and storage project, Porthos. Construction work also began on the national hydrogen network in the port of Rotterdam.
“We celebrated a number of significant developments in the logistics segment this year, such as the announcement of the expansions of the APMT and RWG container terminals, and the opening of the CER. All these developments will take us a step closer to a successful and future-resilient port and industrial complex.”
Recently, the Port of Rotterdam Authority inked a new deal with VARO Energy Group.
