The Port of Rotterdam in the Netherlands is making a moderate increase in port tariffs this year for both sea-going shipping and inland shipping.

Europe's largest container port said as has been the case from 2018 to 2020, port tariffs will be increased by 1% in 2021 taking into account inflation, market conditions and economic development.

"The three-year arrangement on port tariff increases that exists between the Port of Rotterdam Authority and the relevant market parties, represented by Deltalinqs and VRC, is to be extended by one year," it said in a statement.

"In these extraordinary times, the parties are committed to continuing the same moderate rate of increase in tariffs. The Port Authority also upholds specific measures, such as transhipment discounts for containers, which were included in the existing three-year agreement," it added.

Port of Rotterdam noted that next year, the parties will enter negotiations to fix the rate of increase in tariffs again for the years following 2021.

"Port dues are one of the Port of Rotterdam Authority’s two primary sources of income. In 2019, the Port Authority received €290.2 million in seaport dues and €14.1 million in inland port dues," it said, noting that the main source of income for the Port Authority comes from renting and long-term leasing of sites.

The tariff changes will apply to the seaports of Rotterdam, Schiedam, Vlaardingen, Maassluis, Dordrecht, Papendrecht, Zwijndrecht, and Moerdijk.