• 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 October 15

16:56 Tall ships arrive at Port of Ipswich as part of 'Race of the Classics'
16:37 Coast Guard ends search after plane crash victims bodies are located
16:20 Krasnoye Sormovo shipyard delivers 8,140 DWT Pola Fiva, fifth dry cargo carrier of Project RSD59
16:04 DNV GL leads consortium to update Carbon Trust Floating LiDAR Roadmap
15:34 East Mediterranean projects take steps towards adoption of alternative fuels
15:04 NYK approves Japan Climate Action Summit declaration
14:51 Wärtsilä LNG solutions featured on environmentally advanced cruise ship
14:35 Coast Guard sets port condition X-ray in Georgia, South Carolina
14:17 Andrey Shunin appointed as General Director of Caspian Energy Management
13:28 Cooperation for sustainable shipping in the Mediterranean
12:41 ACL christens its newest G4 vessel, the Atlantic Sun
12:13 Kongsberg Digital and KPMG launch new complete cybersecurity partnership for the maritime industry
11:55 Nevsky Shipyard took part in Offshore Marintec Russia
11:19 ABS leads industry discussion on digitization, safety and compliance
11:12 New shipping route links Gdansk and Scandinavia
10:51 Port of Gdansk considered as transport hub for Slovakia
10:29 Brent Crude futures price up 1.21% to $81.4, Light Sweet Crude – up 1.04% to $72.08
10:10 Tuco Marine Group to build a multipurpose first responder boat for Hovedstadens Beredskab I/S
09:53 Baltic Dry Index is up to 1,579 points
09:34 Gazprom and Shell discuss next steps in Baltic LNG project
09:15 Throughput of port Helsinki (Finland) in 9M'18 up 8.4% Y-o-Y to 11.38 million tonnes (table)
08:07 PIL terminates all calls to Iran due to US sanctions
07:06 ChainPORT hackathon held for the first time simultaneously in the ports of Antwerp and Los Angeles
06:16 Vinalines posts profit of US$900,000 in the first nine months of 2018

2018 October 14

09:19 CMA CGM announces FAK rates from Asia to North Africa
09:17 CMA CGM announces FAK rates from Asia to the Mediterranean
09:16 Port of Corpus Christi moves record tonnage in first nine months of 2018
09:12 Port of New Orleans receives Excellence Award for Master Plan

2018 October 13

09:06 OOCL fleet moves forward to meet IMO 2020 regulation
09:04 CMA CGM announces FAK rates from Asia to North Europe
08:56 Algoma announces cancellation of Croatian new build contracts
08:54 Panama Canal sets record annual cargo tonnage in fiscal year 2018

2018 October 12

18:07 Port of Antwerp on track for sixth record year
17:36 Strengthening of Kaliningrad seaway canal's embankment included in Russia’s territorial development strategy through 2025
17:08 Stena Bulk in partnership with Bay Crest Management for expansion in Asia
16:04 Groundbreaking ceremony marks start of work at DP World Berbera in Somaliland
15:52 LNG Croatia invited bids for import LNG terminal infrastructure
15:35 Azerbaijan Caspian Shipping Company continues expanding its operations in international waters
15:03 Maersk Line announces an increase in FAK rates from Far East to North Europe
14:47 Minister Berner: Finland strives to reduce emissions from shipping
14:03 CMA CGM to introduce new quarterly BAF for long term contracts from 1st of January 2019
13:44 LUKOIL commissions fifth well at Filanovsky field second stage
13:21 Ocean Network Express enters bilateral feeder network cooperation with Hapag - Lloyd
13:10 MOL consolidation service succeeds with trial of remote container tracking management device
12:28 Germany furthers support to WMU with Simulator Lab refurbishment
12:05 Yangzijiang Shipbuilding Group in China and Mitsui & Co., Ltd. to establish a shipbuilding joint venture
11:47 BPO pays a visit to the Port of Ust-Luga
11:26 Rosterminalugol exported 16 million tonnes of coal YTD
11:05 Grimaldi further boosts its freight services to Sardinia
10:54 Bunker prices continue going up at the Port of Saint-Petersburg, Russia (graph)
10:50 Port of Gothenburg starts construction of new terminal
10:30 Brent Crude futures price up 1.2% to $81.22, Light Sweet Crude – up 1.18% to $71.81
10:11 De Boer holds naming ceremony for Damen RSD WID Tug 2915 Hybrid Fregate and ASD Tug 2310 SD Papillon
10:09 Baltic Dry Index is down to 1,515 points
09:58 Damen signs for another three years as founding partner of the Nederlands Dans Theater
09:51 Fuel oil prices show no significant changes in the Far East ports of Russia (graph)
09:33 RF Government approves plan for modernization and expansion of core infrastructure
09:14 Vimpel Shipyard launches border patrol boat of Project 1496М1 built for FSB Border Guard Service

2018 October 11

19:00 Gasum becomes 100% owner of Skangas, consolidates its position as the leading Nordic LNG provider
18:36 FLEX LNG to enter into transaction to acqure five 5th generation LNG newbuildings