Port of Rotterdam expects 10-20 pct drop in annual volumes due to coronavirus

first_img “A 10 to 20 per cent drop in throughput volume on an annual basis would seem to be very likely. This will depend on how long the measures remain in place and on how quickly production and world trade recover.” This unprecedented situation and its consequences are affecting the Port of Rotterdam as well. In the container segment, capacity between Asia and Europe is being cut by approximately 25 per cent in response to the reduction in demand for transport. This will also be clearly seen in the port of Rotterdam in the coming quarter. The Dutch Port of Rotterdam is anticipating a throughput drop of up to 20 per cent this year following a volume decline in Q1 2020 caused by the coronavirus pandemic.  The flow of iron ore and coal to the German steel industry will decrease in response to falling demand from the automotive and construction industries. The throughput of dry bulk in the first quarter amounted to 16.7 million tonnes. That is 14 per cent less than 19.4 million tonnes seen in the same period in 2019. As explained, the COVID-19 pandemic led to “highly exceptional conditions” in the first quarter of 2020, with severe worldwide disruption of production processes and logistical chains.  Throughput in the first quarter stood at 112.4 million tonnes, down by 9.3 per cent compared to 123.9 million tonnes recorded in the same period last year.  According to the port authority, the underlying causes were the weaker economy in Europe during the last six months and stagnating world trade due to trade conflicts. The impact of the corona crisis was apparent to only a limited extent in late March as a fall in goods flows from China after the partial lockdown there in February. Seagoing vessels take four to five weeks to complete the journey, which means that the effect in Rotterdam is not felt until later. The volume of containers from Asia was 2.8% lower than in the first quarter of 2019. Falling throughput was seen mainly in the coal, crude oil and oil products segments. On the other hand, volumes in container handling, liquefied natural gas (LNG) and biofuels during the first quarter of 2019 were at record highs. Throughput in Q1 2020 Outlook RoRo traffic is directly affected by a decline in economic activity in Europe and volumes will be significantly lower in this segment has long as the lockdown in various countries continues, the port added. “We are facing unprecedented disruptions and the port of Rotterdam, as a vital process, intends to continue contributing to society. The impact of a decline in demand due to the corona crisis will become clear from April onwards,” Allard Castelein, CEO of the Port of Rotterdam Authority, commented.  The sharp downturn in the global economy caused by the corona pandemic will also have a major impact on the Port of Rotterdam. As the CEO of the Port of Rotterdam Authority said, the impact of a decline in demand due to the corona crisis will become clear from April onwards.  Container throughput in tonnes was almost the same as in the same period last year – which was a record quarter for containers at the time. There was a rise in deep-sea and feeder containers, while short sea fell off by 4.5 per cent. In wet bulk, the throughput of oil products fell by 32.8 per cent. Once again, there was a sharp fall in the trading of fuel oil between Russia and Singapore, for which Rotterdam has been the throughput location in recent years. Furthermore, roll-on/roll-off (RoRo) throughput dropped by 7.3 per cent year over year. As a result of the coronavirus outbreak, fewer people and goods were transported between the United Kingdom and Rotterdam in March 2020. Last year, throughput in March was at a record level due to hoarding in the run-up to Brexit, which seemed imminent at the time. In addition, the decline in the use of oil products for transport will reduce the need for crude oil supplies. However, volatility in the oil market can lead to higher trade flows, the port concluded.last_img read more

Cottrell helps Windies ‘A’ level series with Sri Lanka ‘A

first_imgIN a low-scoring final One-Day match between the Windies ‘A’ and Sri Lanka ‘A’ at the Trelawny Multiplex in Jamaica, it was the bowling of Sheldon Cottrell that made all the difference.Deciding to bat, the Windies were skittled out for just 152 but returned to obliterate Sri Lanka for just 107.Shamarh Brooks, 35, Andre McCarthy, 27, and Sunil Ambris, 20, were the main scorers for the Windies, who were devastated by the bowling of Vimukthi Perera, 4-25.Perera was well supported by Lahiru Kumara, 2-30, and Shehan Madusanka, 2-35. There was also a wicket for Amila Aponsu, 1-25.In response, Cottrell was even more devastating, grabbing 4-19. Kyle Mayers had 3-24, while Rahkeem Cornwall bagged 2-23 and Odean Smith had 1-15 to leave the Sri Lankans well short.Only Nipun Karunanayake offered any support for the Sri Lankans, scoring a patient 47 from 113 deliveries until Cottrell had him caught by Cornwall to be the last man out in the 39th over.The Windies lost an opportunity to even the series on Friday when rain left play impossible at Sabina Park, this after Sri Lanka clipped the first encounter, winning another low-scoring affair by two wickets. Cottrell was again in the thick of things, grabbing 4-44 in the losing effort.WEST INDIES AM Hodge c wkp Weerakkody b Perera 1R Cornwall c Silva b Perera 18S Brooks c wkp Weerakkody b Perera 35S Ambris run out 20A McCarthy c wkp Weerakkody b Kumara 27J Campbell c wkp Weerakkody b Kumara 8*+J Hamilton b Aponsu 19K Mayers c Hasaranga b Madusanka 3S Cotterell b Madusanka 0O Smith b Perera 9R Beaton not out 0Extras (lb2, w9, nb1) 12TOTAL (all out, 44.1 overs) 152Fall of wickets: 1-19, 2-22, 3-63, 4-93, 5-115, 6-122, 7-129, 8-129, 9-152, 10-152.Bowling: Perera 9.1-0-25-4, Kumara 8-0-30-2, Madusanka 8-2-35-2, Aponsu 8-1-25-1, Jayasuriya 10-1-31-0, de Silva 1-0-4-0.SRI LANKA A+S Weerakkody b Cottrell 6N Karunanayake c Cornwall b Cottrell 47R Silva b Cottrell 3*D de Silva c wkp Hamilton b Smith 3C Asalanka c Campbell b Cornwall 10W Hasaranga lbw b Cornwall 0S Jayasuriya c Cornwall b Mayers 13S Madusanka b Mayers 0A Aponsu c Cornwall b Mayers 2V Perera c Campbell b Cottrell 13L Kumara not out 2Extras (lb4, w4) 8TOTAL (all out, 38.3 overs) 107Fall of wickets: 1-8, 2-12, 3-28, 4-53, 5-53, 6-68, 7-68, 8-80, 9-102, 10-107.Bowling: Cottrell 8.3-2-19-4, Beaton 9-0-22-0, Smith 3-0-15-1, Cornwall 10-2-23-2, Mayers 8-0-24-3.Player-of-the-Match: Sheldon Cottrell.last_img read more