Good connections at Rotterdam but Wilmar faces green constraints at Europe’s busiest port
Chemicals transport company Eagletainer similarly faces supply chain disruptions and strict regulations
[ROTTERDAM] Being near Europe’s busiest port gives a logistical edge – but the continent’s stricter green rules may hamper growth, as Singapore-listed agribusiness Wilmar International is discovering.
Rotterdam, in the Netherlands, is home to Europe’s largest seaport and is a major transport hub. The Netherlands is Singapore’s top European destination for exported goods, with consignments reaching S$11.2 billion in 2023, said Enterprise Singapore (EnterpriseSG) director for Europe, Alan Yeo.
Chemicals are a particularly important industry. One of the world’s top five chemical clusters, the Antwerp-Rotterdam-Rhine-Ruhr area, spans the Netherlands, Belgium and Germany – and accounts for 30 to 40 per cent of the industry’s turnover in Europe, noted Yeo.
TRENDING NOW
DBS, OCBC, UOB rout lops billions off STI as inflation, rate concerns spook investors
Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose
OCBC sheds S$8 billion in value as shares close nearly 6% down; analysts cautious on banks
Deal between tycoon friends sparks scrutiny of Philippine power sector