• 2018 April 3 17:04

    Port of Helsinki posts results for 2017

    The Port of Helsinki Ltd 2017 cargo traffic added up to 14.3 million tonnes (+14.2% from the previous year), while the number of passengers was 12.3 million (+2.4%). The turnover of the Port of Helsinki was 95.0 million euros (+5.9%).

    The total amount of operating costs was 33.9 million euros (-4.9%). The Port of Helsinki achieved a profit of 24.2 million euros (+55.3%) and the adjusted earnings were 10.4 million euros.

    After taxes, the profit for the financial year was 11.3 million euros (265.6%). Dividends of 5654.08 euros per share, i.e. nearly 5.7 million euros in total, were distributed.

    The total amount of investments was approximately 36.4 million euros (-43.7%). The most significant investment targets included the construction of the West Harbour’s new terminal building and Hernesaari’s new cruise ship berth, as well as the acquisition of Loviisan Satama Oy’s shares.

    Helsinki became the busiest passenger port in Europe with 12.3 million passengers. The number of passengers went up by 2.4% from the previous year. Passenger numbers continue to grow on the Helsinki-Tallinn route in particular.

    The Port of Helsinki’s market share of the passenger liner traffic in mainland Finland’s sea ports is 79,4%.

    The route between Helsinki and Tallinn is by far the busiest. In 2017, a total of 9 million ship passengers travelled along this route, which is 3.2% more than the previous year. The increase in the popularity of the route is expected to continue at almost the current rate in the coming years.

    The number of passengers travelling to Stockholm remained close to the previous years’ level (-0.2%), with 2.3 million passengers.
    210,000 people travelled between Helsinki and Saint Petersburg, and the popularity of the route decreased significantly (-26.9%). St. Peter Line did not begin its cruise season until April and only operated a single vessel, unlike the previous years.
    The Helsinki–Travemünde route was travelled by 149,000 passengers, which is 4.9% more than the previous year.

    In 2017, the number of passengers on international cruise ships hit an all-time high. 478,000 passengers visited Helsinki, which is a staggering 16.8% more than last year. The number of cruise ship visits was 266 (+10.8%), which is just below the record figures.

    Nearly 82% (+4.6 percentage points) of the international cruise passengers on the Baltic Sea stopped by at the Port of Helsinki. The largest group of visitors came from North America (26%), with Germans forming the second biggest group (25%). Just under 10% of visitors were from the UK, almost 6% from Canada and a little under 5% from Spain.

    In 2017, the Port of Helsinki became the number one general port for international cargo traffic in Finland. The total tonnage of international cargo traffic handled was 14 million tonnes (+14.3% compared to previous year). The total tonnage of cargo traffic was 14.3 million tonnes (+14.2%).

    11.9 million tonnes of cargo (+12.5%) was transported via Helsinki’s harbours in large units, such as containers, trucks, and trailers. Imports made up 5.5 million tonnes (+10.1%) and exports 6.4 million tonnes. The exports showed an increase of as much as 14.6% from the previous year. The balance between imports and exports remained good.

    The proportion of cargo transported at the port by trucks, trailers and similar vehicles was 63,9% of all unitized cargo. A total of 587,000 vehicles (+11.1%) passed through the harbours as rubber-wheeled traffic, transporting a total of 7.6 million tonnes (+13.8%) of cargo.

    A total of 491,000 TEUs (+8.8%) of containers were transported through Helsinki, containing a total of 3.9 million tonnes (+7.2%) of cargo.

    The proportion of container traffic from unitised cargo traffic at the Port of Helsinki accounted for 32.7%.

    In addition, 34,200 new cars were imported through Vuosaari Harbour, which is 9.2% less than the previous year.

    The Port of Helsinki’s dry bulk traffic mainly consists of imported coal for Helen Oy. The amount of coal was approximately 1.1 million tonnes (+31%).

    The total amount of cargo traffic travelling through the Kantvik Harbour managed by the Port of Helsinki was 353,800 tonnes (+18.0%). Of this amount, 334,000 tonnes (+15.8%) was imports and 9,800 tonnes (+249.9%) was exports. The imports consisted mainly of coal and gypsum. Export traffic was low.

    The total amount of cargo traffic through the Port of Loviisa, 60% of which is owned by the Port of Helsinki, was 663,400 tonnes (+14.7%), with the main articles including timber, cement and grain.

    The West Terminal project has been the most significant investment in recent years for the Port of Helsinki. The new West Terminal 2 was completed ahead of schedule and under budget. The harbour complex has proven functional and will continue to serve fast liner traffic from the West Harbour far into the future.

    At the beginning of January, Tallink’s new ro-pax ferry MS Megastar, bigger than any of the fleet’s previous vessels, began sailing from the West Harbour’s new quay. The shipping company’s need to start using the new terminal building sped up the inauguration of West Terminal 2. The opening ceremony was held on 28 February, about a month ahead of the initial schedule.

    The budget for the terminal complex was 45 million euros, but the actual cost was over 5% lower.

    In addition to the new terminal building, the West Terminal project included two new berths, three disembarkation bridges, 350 metres of passenger bridge, the dredging of the Pihlajasaari route, improving the street connections and extensive land transport and field arrangements.

    The West Terminal project is part of the TWIN-PORT II EU project, carried out in cooperation between the Port of Helsinki, the Port of Tallinn, and Tallink Group. The development project aims to improve travel comfort and create more efficient and environmentally friendly connections to Central Europe. The Port of Helsinki West Terminal project was granted funding from the Connecting Europe Facility (CEF) programme.
     
    During 90% of all visits, cruise ships pumped their waste water into the harbour’s reception system, and from there the water runs directly to the city’s waste water system and onwards to be treated. The amount of received waste water increased by 5.4% compared to the previous cruise season of 2016.

    2017 was a year of a business launch for the Port of Helsinki. The investments necessary for transporting bioproducts from Äänekoski’s new mill were completed, and the transports began as planned in August.

    At the beginning of 2017, the majority stake in Loviisan Satama Oy was transferred to the Port of Helsinki Ltd. This merger with a large operator opened up new opportunities for the Port of Loviisa. The port’s total amount of transport grew by 14.7%, and the cargo flows became more versatile. In September, the port launched a sizeable grain warehouse investment by Suomen Viljava.

     




2018 May 24

09:26 Baltic Dry Index drops 37pts to 1162 points
09:08 akquinet and IDENTEC SOLUTIONS join forces to revolutionize refrigerated container management
08:39 Maersk Line starts new transatlantic service between Europe’s Mediterranean region and Canada
08:34 Compagnie Maritime Monégasque and Damen join forces to introduce Fast Marine Access in Brazil

2018 May 23

17:54 Container Terminal Saint-Petersburg invested RUB 256 million in modernization of its facilities in QI’2018
17:27 Greece suggests arranging cruise lines to Russia
17:00 Rosmorrechflot comes out for replacement of shipbuilding subsidies with cheap financing
16:16 Agreement on Enhancing International Arctic Scientific Cooperation enters into force
15:48 New Belgium container connection bolsters Port of Hull
15:25 DALO chooses SARIS to support SAR operations
15:03 FESCO transports three transformers from Novorossiysk for Moscow central heating and power plants
14:42 Ukraine’s water transport carried 0.3 million passengers in 4M’18, down 3%, Y-o-Y
14:21 Hapag-Lloyd update on restrictions for DG cargo handling at FIFA World Cup in Russia
13:59 Cargo transportation by Ukraine’s water transport fell by 18.5% to 1.0 million tonnes in 4M’18
13:36 SASCO BoD elected Aleksey Pavlov as Director General of the company
13:13 “K” Line announces delivery of special coal carrier “CORONA XANADU”
12:52 Tallink Grupp to list shares also on Helsinki Stock Exchange
12:31 Rosmorport appoints Sergey Lyamtsev as Acting Director of its Azov Basin Branch (photo)
12:13 MPC Container Ships ASA acquires three 2,500 TEU feeder container vessels
11:43 Strong programme raises profile of The Maritime Standard Ship Finance and Trade Conference
11:18 Gunvor forms new ship holding jv СlearOcean Tankers
10:50 Port of Singapore throughput in 4M’18 grew by 1.1% Y-o-Y to 207.78 million tonnes
10:28 Brent Crude futures price down 0.63% to $79.07, Light Sweet Crude – down 0.4% to $71.91
10:09 Diana Shipping announces time charter contract for m/v P. S. Palios with Koch
09:55 Okskaya Sudoverf lays down lead multi-purpose dry cargo carrier of Project RSD32M
09:52 Container shipping is smart to collaborate on standards, says MSC CIO
09:15 Baltic Dry Index up to 1,199 points

2018 May 22

18:37 CMA CGM announces GRR from India and Sri Lanka to West Africa
18:07 Great Lakes Dredge & Dock Company adopts ABS Subchapter M regulatory compliance mobile software
17:47 Container throughput of port Hong Kong (China) down 2.8% to 6.49 million TEUs in Jan-Apr’18
17:33 Suez Canal revenues up to 479.3million dollar in April
17:26 Severnaya Verf starts cutting metal for initial section of longline factory vessel (photo)
17:05 Med Marine signs two new design contracts with Robert Allan
16:28 Okskaya Sudoverf launches second shallow-draft barge of Project ROB20, Belmax 2 (photo)
16:05 Bibby Offshore secures multimillion North Sea contract
15:50 RF Ministry of Justice registers order on designation of caution areas in ports of cities hosting World Cup 2018
15:34 New generation of RoRo’s designed by KNUD E. HANSEN for Grimaldi
15:04 Iridium network approved to provide Global Maritime Distress Safety System (GMDSS) services
14:39 North West MP finds out more about how the Port of Barrow is powering the region
14:10 Rosmorport continues providing icebreaker assistance in the Arctic Basin
13:45 Bunker prices are going up at the Far East ports of Russia (graph)
13:21 Van Oord marks 150th anniversary with christening of SRI vessel Bravenes
12:42 IMO approves joint RF/USA proposal on regulation of shipping in the Bering Strait (photo)
12:23 Wärtsilä LNGPac passes 100th order milestone
12:14 Jotun Australia is formally open for Yacht business with complete yacht coating solutions
11:30 ABS Nautical Systems chosen as exclusive mobile compliance solution for Crosby tugs
11:26 Baltic icebreaking season 2017-2018 ends
11:03 Throughput of port Kavkaz in 4M’18 up 51% Y-o-Y to 11.28 million tonnes
10:48 IMO agrees to recognize that the Iridium network meets all the criteria
10:37 Presidents of Iceland and Finland discussed Arctic matters on board IB Urho
10:12 Brent Crude futures price up 0.28% to $79.44, Light Sweet Crude – up 0.32% to $72.58
09:44 Development and financing of strategic transport projects uniting Lithuania and Poland discussed in Vilnius
09:16 Baltic Dry Index down to 1,239 points

2018 May 21

18:31 P&O Cruises marks first construction milestone for newest ship with steel cutting ceremony in Papenburg
18:00 IMO continues roll out of new port emissions training
17:35 Preliminary preparation stage for concession on Northern Latitudinal Railway completed
17:08 Two more vessels added to Offshore Fleet of Azerbaijan Caspian Shipping Company
16:40 Oceanographic research vessel Admiral Vladimirsky arrives at port of Messina (Sicily)
15:59 Federal funding contributes to critical infrastructure projects to support trade through the Port of Vancouver
15:31 Vympel Shipyard launches 75th Mangust patrol boat for Russian FSB Border Service (photo)