Rotterdam Port Oil Tank Explosion Kills One, Injures Several
An explosion at the oil tank storage area of the Port of Rotterdam in the Netherlands on the morning of the 13th killed one person and injured several others. The blast occurred at about 11:30 local time at a company site, and local police have launched an investigation into the cause. A power outage hit the area before the explosion, prompting a nearby refinery to suspend operations temporarily and flare off trapped gas, sending black smoke over the port. The port authority said there was no causal connection between the outage and the blast.
The explosion occurred at about 11:30 local time on the morning of the 13th in the section of the Port of Rotterdam where oil storage tanks are arrayed, killing one person and injuring several others. Local police said the blast happened at a company in the area and that an investigation into the cause is under way.
Before the explosion, a power outage hit the vicinity. A refinery in the same area suspended operations temporarily and released trapped gas to burn off in the air, leaving black smoke lingering around the port. The port authority said there was no causal relationship between the power outage and the explosion.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is negative for Refining & Petrochemicals, with intensity 60/100 and 70% confidence over a short term horizon.
Refining & Petrochemicals
- Direction
- negative
- Intensity
- 60
- Confidence
- 70%
- Horizon
- Short term
Shipping & Ports
- Direction
- negative
- Intensity
- 50
- Confidence
- 65%
- Horizon
- Short term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.