Decline in fossil energy transhipment echoes Port of Amsterdam's annual figures

Port of Amsterdam's 2023 annual report echoes that the Amsterdam port is in transition. Revenues rose to €190.4 million, but transhipment dropped to 63 million tons. This is due to the decline in fossil fuel transhipment.

Annual figures port: more revenue less transhipment

Decline in oil products and coal
Total transhipment in the Amsterdam port area ended up 20 percent lower in 2023 than in 2022. Coal transhipment declined by as much as 48 percent, to 7.4 million tons in 2023. Together with the coal terminals, Port of Amsterdam has taken steps toward more non-fossil activities. For example, land was taken back from a coal terminal in late 2022. Other activities now take place there, such as the transshipment of scrap metal. Oil product transshipment also showed a 16 percent drop to 28.9 million tons. This is partly due to the sanctions on oil products from Russia and the ban on the export of high-sulfur fuels from the Netherlands to West Africa.

Increase in contract revenues and decrease in port fees
Contract revenue rose to €115.6 million from €103.6 million a year earlier. This reflects higher net issuance and regular price increases. Seaport dues decreased by €6.2 million to €54 million in 2023. Inland port dues came in at €7.8 million, down from €7.7 million in 2022. Compared to 2022, the operating result in 2023 increased by €39 million to €75 million. This is mainly because 2022 still saw the final installment payment of €37.8 million for the IJmuiden Sea Lock. The net result comes to €55.1 million in 2023 compared to €44.4 million in 2022.

Expectations for 2024
Koen Overtoom, CEO Port of Amsterdam: "In 2023, we stuck firmly to the course of our 2021-2025 strategy. The sustainable change we initiated years ago is now taking concrete shape. Despite geopolitical unrest, high inflation and a downward economic trend, the port is in full transition. Also in 2024, we are investing in quays for new and existing customers, installing shore power points and making our own fleet more sustainable. This is how we are working to make shipping and the port even more sustainable.''

Click here for the complete 2023 Annual Report