Rotterdam Port throughput plummets amid global tensions

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The Port of Rotterdam, Europe’s busiest port, experienced a decrease of 1.4% in total throughput during the first quarter of 2024, handling 110.1 million tonnes compared to 111.7 million tonnes in the same period last year. This decline was largely due to reduced imports of coal, crude oil, and oil products, reflecting ongoing challenges in European industrial sectors such as construction, processing, and automotive, which are struggling with high energy costs and reduced demand. Despite these challenges, container throughput showed a positive trend, increasing by 2% to 3.3 million TEUs. This suggests a potential recovery in global trade, although uncertainties persist due to global tensions. Additionally, while dry bulk and liquid bulk volumes decreased, there was a notable rise in iron ore imports and LNG throughput, indicating shifts in energy and raw material consumption patterns

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