ANALYSIS: Rotterdam Bunker Sales Down 24.9% in First Nine Months as RED III Bites
Rotterdam's bunker sales recovered slightly in Q3 from the previous quarter, but volumes remained well below year-earlier levels.
Europe's largest bunker hub, Rotterdam, has recorded a sharp decline in bunker sales this year, with the implementation of the Renewable Energy Directive III (RED III) in the Netherlands likely contributing to the drop.
The port’s conventional and biofuel bunker sales totalled 5.28 million mt for the first nine months of this year, down 24.9% from 7.02 million mt recorded for the same period last year, according to data released by the Port of Rotterdam on Thursday.
On a quarterly basis, the port saw 1.84 million mt of conventional and biofuel bunker sales in Q3, down 21.1% from last year but up 4.7% from the previous quarter.
Conventional VLSFO sales totalled 427,347 mt in Q3, down 32.8% from last year but up 21.6% from the previous quarter.
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