• 2018 June 5 17:05

    Swedish government presents plan and budget for deepening of the fairways at the Port of Gothenburg

    On June 2, the Swedish Minister for Infrastructure Thomas Eneroth presented key elements of the government’s strategic infrastructure plan and budget related to the deepening of the fairways at the Port of Gothenburg. The decision means that the government will cover almost one-third of the cost of the project, which can now proceed to the next phase. Deeper fairways will allow the very largest vessels, both now and in the future, to call at the Port of Gothenburg fully loaded, opening up potential for more direct services and increased freight volumes between Gothenburg and the world.

    “This decision by the government is good news indeed. It is confirmation that they value the significance of the Port of Gothenburg as the most important freight hub in Scandinavia, handling 30 per cent of our foreign trade. An investment of this magnitude will consolidate our position even further,” said Magnus Kårestedt, Gothenburg Port Authority chief executive, in his response to the decision.

    Economies of scale have been the driving force behind the unrelenting increase in the size of freight vessels. This applies to all types of vessels but in particular container vessels, which have doubled in size in just 10 years. The Port of Gothenburg is the only Swedish port that can receive the largest oceangoing container vessels, although the fairway depth is limiting their freight loads on arrival.

    There are also vessels that are unable to enter the port regardless, and they are forced to head directly for the continent, bypassing Gothenburg completely.

    The government’s 1.25 billion kronor contribution is almost one-third of the total fairway investment, estimated at around four billion kronor. The Gothenburg Port Authority will assume responsibility for half the cost, leaving a shortfall of around 750 million.

    “Having received the decision in black and white, we can now set about the task of securing the remainder of the financing. We are already discussing a number of options. With the financial foundation now in place, we can look ahead to drawing up a declaration of intent with the other parties to ensure the planning process can commence,” said Magnus Kårestedt.

    Fact file: Deepening of the fairways at the Port of Gothenburg

    • The measures that will be taken will involve increasing the maximum depth of the fairways and the turning area at the Container Terminal from the current 13.5 metres to around 16 metres.
    • The measures will allow container vessels calling at the Port of Gothenburg to take on more containers. For the largest vessels, this represents an increase in capacity of around 50 per cent.
    • The total cost of the project is set at four billion kronor, of which two billion is for water-based improvements, and two billion for quay reinforcement.
    • The socio-economic benefit, calculated in terms of the net present value ratio is 3.04, which means that for each krona invested, society will receive four kronor in return.
    • The estimated payback period is 15 years.




2018 August 16

18:45 Kalashnikov Concern’s Vympel Shipyard lays 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
17:06 Hapag-Lloyd increases reefer fleet by 11,100 containers
16:56 DFDS orders additional freight ferry (ro-ro) newbuilding from the Chinese Jinling Shipyard
16:52 Sovcomflot’s shuttle tanker Governor Farkhutdinov ships 600th crude oil cargo for Sakhalin-2
16:03 CMA CGM announces GRR from Asia to Mozambique
15:47 Taganrog Sea Commercial Port's H1 2018 employee benefits and rewards programme totals RUB 2.2 million
15:31 Melbourne port operator ICTSI may be investigated by State and Federal authorities
15:09 Bunker prices at Far Eastern ports remain flat
14:33 CMA CGM announces GRR from Asia to Indian Ocean
14:27 MABUX: Bunker prices may change irregular next week
14:13 Maersk Line announces rates from Far East to North Europe
13:42 First ever S-T-S loading of 70000dwt Panamax coal carrier performed at Shakhtersk harbour transshipment location in Sakhalin
13:32 More investment contracts at the Port of Gdansk
13:02 Wärtsilä equipped Canadian ferry will have minimal environmental impact
12:16 Damen Shipyards Galati celebrates 125 years
12:09 Okskaya Sudoverf Shipyard launches 6th serial barge of Project ROB20
12:03 Boskalis presents half-year results and terminates loss-making low-end transport activities
11:59 Port of Oakland container volume up 3.6 percent in July 2018
11:45 Rolls-Royce launches new battery system for ships
10:58 DP World revenue up 14.4% in H1 2018
10:57 VARD secures contract for one autonomous and electric-driven container vessel for YARA
09:39 EU NAVFOR mission operation commander visits Spanish MPRA in Djibouti
09:21 Baltic Dry Index gains to 1725 points

2018 August 15

18:33 Equinor extends partnership with The Arctic Race of Norway
17:56 Port Kavkaz seven-month volumes soar 30% Y/Y to 25.21 million tonnes
17:36 Russian Gov't to allocate RUB 500 million in subsidies to support small-tonnage fishing ships construction, Rosrybolovstvo says
17:34 Maersk Line to rise rates from Far East to East Coast South America
17:30 Yang Ming orders ten 2,800 TEU containerships
17:19 Nor-Shipping 2019 takes place in Oslo and Lillestrøm, Norway, from 04 to 07 June 2019
16:05 New Times Shipbuilding announces delivery of oil tanker
15:04 Rosrybolovstvo looks into building a series of three RVs as from 2020
15:04 Concordia Maritime AB announces interim report for H1 2018
14:12 Multipurpose Reloading Complex spends over RUB 600,000 on employee benefits and rewards programme
13:20 Konecranes to deliver more electric RTGs to Luka Koper in Slovenia
13:02 Join Marinet Conference at SMM 2018, Hamburg
12:32 Prime Minister Dmitry Medvedev gives green light to NLR construction project
12:01 WW Ocean presents new-look trade maps resembling public transit maps
11:15 Port of Vancouver posts H1 2018 results
10:41 Aker Solutions wins orders for Liuhua power umbilical systems in China
10:21 Nor-Shipping 2019 devotes entire hall to new focus on Blue Economy
10:05 Crude oil futures drop 0.22% to $72.3 in London and 0.48% to $66.72 in New York
09:29 Bunker prices at Port of St. Petersburg show mixed movements

2018 August 14

18:30 Hapag-Lloyd annonces General Rate Increase from East Asia to USA and Canada
18:12 FE Railways' loaded freight in Jan-Jul up 2% to 28.2 million tonnes
18:07 Hapag-Lloyd changes terminals at Genoa on its MPS service
17:47 British Ports Association launch Sustainable Development Resolution
17:45 Euro Tank Terminal extends jetty at the port of Rotterdam
17:31 MEYER WERFT holds float out procedure for cruise ship for AIDA Cruises
17:29 APM Terminals launches online customer platform in Bahrain
17:27 MED MARINE delivers a 24m ASD Tug from Turkey to Estonia
16:24 Offshore installation vessel starts work on Belgium’s largest offshore wind farm
15:44 Logistec Corporation declares quarterly drvidends on shares
15:21 Vessel Performance Optimisation Forum Singapore initial speakers announced
15:02 Danaos Corporation announces closing of comprehensive debt refinancing
14:16 Sea Port St. Petersburg earmarked over $337,000 for bonus and social responsibility programmes
14:13 TTS Group ASA secures new contracts for access equipment and cranes for two reefer vessels
14:06 Ports of Primorsk and Ust-Luga support green shipping, to implement incentives for LNG-powered ships as from August 15, 2018
13:39 Bunker prices in Far East seaports edge down