• 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 August 20

17:09 ESL Shipping takes delivery of eco-friendly bulk carrier Haaga
17:05 Teekay LNG Partners mandates banks to arrange Fixed Income Investor Call
16:35 CMA CGM announces FAK rates from Asia to North Africa
16:05 Royal Wagenborg's m.v. Nassauborg discharges timber in Alexandria
15:30 CMA CGM announces FAK rates from Asia to the Mediterranean
15:02 Maersk and Vopak to launch 0,5% sulphur fuel bunkering facility in Rotterdam
14:48 SHI awarded contract for LNG carrier duo from Celsius Tankers
14:23 Spot market price for Russian M100 product ended last week higher at an average of RUB 18,212 / pmt
13:21 Baltic Shipyard loads heavyweight propulsion units onto the 60MW LK-60 nuclear-powered icebreaker URAL
13:11 APL's Eagle Express Service delivers X-factor in Los Angeles
12:13 Golden Ocean Group to equip its 16 Capsize vessels with scrubbers
12:10 ANL to implement Operational Cost Recovery Surcharge in Chittagong Port
11:07 Port of Vyborg volumes in first seven months rose 28% to 970,000 tonnes
10:57 Golden Ocean announces Q2 2018 results
10:17 Crude oil futures prices edge down to $71.61 in London, in New York to $64.95
10:03 Port of Everett breaks ground on $36 mln South Terminal Wharf Modernization Project
10:03 Baltic Dry Index gains to 1723 points
09:57 Chinese Blockchain Company Yuanben to protect the safety of global maritime freight data
09:36 Box traffic at busiest Chinese ports in Jan-Jul rose 4.1% to 5.36 billion tons
09:28 Port of Hong Kong seven-month box volumes drop 4.4% to 11,5 million TEUs
08:44 Kongsberg Maritime wins contracts for nine hybrid Ro-Ro vessels

2018 August 19

08:19 CMA CGM announces GRR from UAE to East Africa
08:14 Maersk Line introduces Peak Season Surcharge – Scope World to Apapa, Nigeria and Tin Can Island Port, Nigeria
08:12 CMA CGM announces GRR from India to East Africa
08:07 Maersk Line increases rates from Middle East & Indian sub-continent to North America

2018 August 18

08:03 Port of Oakland to build Seaport Logistics Complex
08:00 CMA CGM announces PSS from Europe, Scandinavia, Black Sea and West Med to Indian Ocean islands
07:57 CMA CGM announces FAK rates from Asia to North Europe
07:41 A.P. Møller - Mærsk A/S posts results for Q2 2018

2018 August 17

20:03 A system of floating containment booms installed near two jetties of Petersburg Oil Terminal
18:26 Krasnoye Sormovo Shipyard launches Pola Feodosia, forth of RSD59 dry cargo vessel series
17:54 Primorsk Oil Terminal’s throughput in Jan-Jul falls 12% to 31.38 million tonnes
17:51 Nevsky Shipyard continues testing of unique replenishment system
17:08 Marine Robotics: Laws, Applications, Technologies roundtable registration underway in Moscow and Vladivostok
17:03 Port of Vysotsk volume in Jan-Jul down to 10.45 million tonnes
16:27 Port of Ust-Luga throughput in Jan-Jul down 4% to 56.27 million tonnes (details)
16:04 Western Bulk publishes First half 2018 results
15:53 Port of St. Petersburg seven-month volumes grow 13% to 34.39 million tonnes (details)
15:34 Stena Blue Sky delivers the first LNG cargo at energy giant ENN's new terminal in China
15:03 ANL announces FAK rates from North Europe and Mediterranean to Australia
14:33 A.P. Møller - Mærsk A/S delivers revenue growth in the second quarter of 2018
14:03 Third railway track put into operation in Port Bronka
13:58 Nevsky Shipyard wins contract for Arc4 passenger/freight vessel duo to be deployed on Sakhalin-Kurils route
13:51 Samsung Heavy Industries wins two eco-friendly LNG carriers
13:21 TORM posts H1 2018 interim results
13:04 A.P. Møller - Mærsk A/S to pursue a separate listing of Maersk Drilling
12:30 Hapag-Lloyd invests in growing East African market
12:07 Port of Oakland gives $70,000 to develop eco-jobs workforce
11:07 Hapag-Lloyd announces rates for Far East Westbound East Asia (including Japan) to North Europe and Mediterranean
10:45 Crude oil futures price edges down to $71.38 in London, in New York to $65.44
10:07 Latest Sanmar tugboat under trials
10:02 Gazprom Neft 1H 2018 net profit soars 1.5-fold
09:41 Baltic Dry Index adds 2 pts to 1727 points
09:37 Diana Shipping announces time charter contract for m/v Coronis
09:32 Port of St. Petersburg bunker prices close the week on a down note
09:06 Gulftainer invests AED11 mln in road extension
08:27 CMA CGM implements new FAK rates from North Europe and Mediterranean to Australia

2018 August 16

18:45 Kalashnikov Concern’s Vympel Shipyard lays keel for freezer trawler of Project T30
18:06 Port of Dover awarded contract to Solent Marine Ltd to design and fit-out Dover's new marina
17:32 Maersk Line announces rates from Far East Asia to West Africa