A record-breaking year for the Port of Amsterdam
The Port of Amsterdam made record profits in 2018, while also further developing its commitment to sustainability. The port’s recently published annual report reveals that it made a net profit of €68.5 million in 2018, 12.5% higher than the €60.9 million profit made in 2017. Revenue also rose 5% to €157.4 million.
For many years the Port of Amsterdam has committed itself to innovating in sustainability, including investing in sustainable energy generation, the storage and transhipment of alternative energy sources and the production of recyclable resources. Further to this, a large portion of the revenues that the port made in 2018 from leasing land was earned from companies that are focused on sustainability and circularity. More than 20% of the land leased by the port is occupied by these kinds of businesses, including two firms that recycle plastic into new materials.
Finding the value in sustainability
As well as leasing land to sustainable firms, the port also offers discounts to ships that can prove their green credentials. In 2018, around 27% of the ships received a sustainability discount on the port dues. The port’s own footprint fell by a record amount (almost 26%). Speaking after the publication of its latest annual report, Port of Amsterdam CEO, Koen Overtoom, said: “The share of new companies with a distinctively sustainable profile is starting to gain critical mass. We’re becoming faster, smarter and cleaner. That is a positive development.”
Embracing solar power
Over the course of the last few years, the use of renewable solar energy has also risen sharply at the port. In 2016, there were hardly any solar panels on the roofs in the port area. Today, there are approximately 33,000 panels installed on rooftops. This creates around 7 megawatts of energy, roughly equivalent to the amount used by almost 7,000 households annually. In the year ahead, the port plans to continue pursuing its own eco-friendly projects while helping the City of Amsterdam bring similar ambitions to fruition.
Amsterdam is a centre of global and European logistics, due in part to the city’s legacy of innovation, which stretches back more than 400 years. Its strategic location also plays an important role, as it provides companies with access to more than 500 million potential customers across Europe.
Read more business news from around the city.