The Port of Rotterdam is one of the largest seaports in Europe. Located in the city of Rotterdam, the Netherlands, the Port of Rotterdam Authority manages, operates and develops the port and industrial area of Rotterdam and is responsible for maintaining the safe and smooth handling of all shipping. The authority has a turnover of approximately €710 million and employs 1,200 people in positions in commercial, nautical and infrastructural areas. The authority is an unlisted public limited company. The shares in the Port of Rotterdam Authority are held by the Municipality of Rotterdam (approx. 70%) and the Dutch Government (approx. 30%).