• 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.




2019 January 23

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18:13 Eagle Bulk receives commitment for a new credit facility totaling $208 million
18:02 Port of Gdansk (Poland) throughput in 2018 totaled 49.03 million tonnes, up 20.7% Y-o-Y
17:40 Andrei Malyarov elected as Chairman of Severnaya Verf shipyard's BoD
17:19 RWE files acquisition of renewables businesses of E.ON and innogy with European Commission
17:03 The Board of Directors of Fincantieri appoints a second General Manager
16:51 Ice restrictions at the port of Arkhangelsk come into effect on February 15
16:37 USCG interdicts smuggling boat with convicted criminals aboard off Florida
16:24 Regulatory issues related to operation of seaport infrastructure facilities to be discussed at the 2nd HES and Dredging Congress
16:08 First discharge of LPG from Ichthys LNG Project in Japan carried by “K” LINE’s VLGC “GRACE RIVER”
16:03 CMA CGM to launch its Med Pendulum Service (MPS)
15:46 Ice restrictions at the port of Vyborg (Leningrad Region) come into effect on February 6
15:33 Nakilat – Keppel welcomes first FSRU at the Erhama Bin Jaber Al Jalahma Shipyard
15:28 MHI Vestas achieves final turbine installation at Horns Reef 3
15:18 Rolls-Royce completes €57 million upgrade of Rauma thruster facility
15:03 NYK announces delivery of new coal carrier for Hokkaido Electric Power
14:33 Port of Oakland reports more ships than ever plugging into grid
14:20 Throughput of Port Vysotsky up 10.7% to 7.89 million tonnes in 2018
14:03 Kiel welcomes the TUI Cruises newbuilding
13:45 Admiralteiskie Verfi shipyard lays down large freezing trawler of Project СТ-192
13:27 Coast Guard’s only heavy icebreaker arrives at Antarctica
13:02 Rotterdam as a circular hub for the raw materials transition
12:58 The Russian Federation accedes to passenger compensation treaty
12:51 New initiatives to strengthen Singapore as a global maritime hub announced
12:37 SCHOTTEL presents new mechanical hybrid propulsion solution
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11:16 OSG exercises option for second 204,000 barrel barge at Gunderson Marine
10:55 Maritime Security & Offshore Patrol Week 2019 to be held for the first time ever in Dubai, UAE by IQPC Middle East
10:37 N-KOM welcomes first FSRU at the Erhama Bin Jaber Al Jalahma Shipyard
10:20 Responsibilities for implementation of state programmes of the Russian Federation divided between Deputy Prime Ministers
10:06 Brent Crude futures price up 0.03% to $61.52, Light Sweet Crude – up 0.02% to $53.03
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09:43 Vympel Shipyard lays down yet another hydrographic vessel / buoy tender of Project 19910 for RF Navy
09:19 Baltic Dry Index is down to 1,036 points

2019 January 22

18:25 Elengy prepares the sale of access capacities to the Fos Tonkin LNG terminal for the period 2021-2030
18:05 Monjasa steps up as the 2nd largest local bunker supplier in the Panama Canal in 2018
17:54 Relampago practices skills with UAE Navy ship
17:35 CalMac takes over the tiller at Argyll Ferries
17:05 NYK gets the highest-rated ‘A’ for Climate Change by CDP Survey
16:42 RF Government proposed candidates to Novorossiysk Commercial Sea Port's BoD
16:23 Pilbara Ports Authority achieves a new record tonnage on a single tide at the Port of Port Hedland
15:56 Port of Rotterdam Authority and Rotterdam Port Promotion Council renew collaboration
15:46 ICTSI Subic hits milestone 200,000th TEU move
15:44 Growth seen in several sectors at ABP South Wales
15:28 KONTUR SPb ERT unit’s drills get thumbs up from Rosmorrechflot’s certification commission
15:22 First ship viaVerbrugge Terminals’ new permanent shipping line with South America docks in North Sea Port
15:00 Meyer Turku delivers New Mein Schiff 2 to TUI Cruises in Kiel
14:41 Jotun looks into expansion of ship coatings production in Russia
14:32 HHLA completes expansion of the container rail terminal Burchardkai
14:19 Bunker prices are flat at the Far East ports of Russia (graph)
14:02 North Queensland Bulk Ports Corporation opens the Port of Mackay for new bulk material trades
13:32 China Navigation to acquire the bulk shipping activities of Hamburg Süd
13:22 14 crewmembers of gas carriers which caught fire in the Kerch Strait confirmed dead, five missing
13:15 Fincantieri to build LCS 31 for US Navy
12:53 Gdynia, Poland to host Transport Week 2019 on March 5-7
12:31 MOL moves to establish 'Asahi MOL Tankers' for pool operation of MR Product Tankers
12:14 DFDS expands cooperation with Turkish Ekol Logistics
11:45 ABP invests £2.2 million in new agribulk terminal at Port of Ayr
11:17 BIMCO: only international action will stop increase in piracy