Port of Rotterdam to invest €50mio to expand coal terminals
Rotterdam, Europe’s busiest port, is expanding its capacity to handle coal shipments to meet “sharply” higher demand for the fuel in Europe in the next few years, according to Karel Peters, a business manager at the hub, Bloomberg reports. The port, which handles 60 percent of seaborne coal to Europe, will receive 27 million metric tons of coal this year, up from 24 million tons last year, Peters said by phone. The port is investing 50 million euros ($72 million) to expand its coal capacity to 42 million tons by 2018, he said.