THE Rotterdam Port Authority declared its energy import is not yet affected by sanctions, but the export and transshipment of containers suffers from the uncertainty caused by the conflict, reports Bunkerspot, of Adderbury, Oxfordshire.
"Of the roughly 470 million tons transshipped through the port of Rotterdam, 62 million tons are oriented towards Russia (13 per cent)," said the port authority.
"Large amounts of energy carriers are imported from Russia via the Port of Rotterdam. Currently this comes to roughly 30 per cent of Russian crude oil, 25 per cent of LNG, and 20 per cent of oil products and coal. Russia exports products such as steel, copper, aluminium and nickel via Rotterdam. This is not yet covered by the trade restrictions announced by the European Union."
The port authority's update noted that questions over what is covered by the sanctions, how quickly customs will release containers for export, how is the conflict developing, and how big the payment risks are.
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