Increased Activity Drives Port of Esbjerg’s Earnings Up

Image Courtesy: Port of Esbjerg

Danish port of Esbjerg has reported a record turnover of EUR 30.94 million for 2016, mainly driven by a high level of activity at the port related to wind, RoRo traffic and car imports.

The port, which also saw a record net profit of EUR 10.68 million for the year, said that the high activity is expected to continue in 2017.

“With the planned expansion of the 250,000 m2 East port area well underway, the port of Esbjerg is ready to handle a continued high level of activity and a growing demand for its areas,” port of Esbjerg said.

Cargo turnover rose 6 percent compared to 2015 and the port set a new record in terms of ship calls and imported cars. Meanwhile, 1,100 MW of offshore wind capacity was shipped from the port, which is more than double the amount in 2015, and demand for the port’s areas increased, according to the port.

“We are satisfied with the result. It reflects the fact that the Port of Esbjerg is in very good shape,” Flemming N. Enevoldsen, Chairman of the Port of Esbjerg’s board, said.

The port of Esbjerg is both the Northern European market leader within offshore wind and the Danish center for RoRo traffic and oil and gas, making the port resistant towards unavoidable fluctuations in the markets.

“The expectation that the high activity will continue in 2017 combined with an increasing demand for areas from especially the wind industry means that the port’s investment of nearly EUR 27 million in the 250,000 m2 expansion of the East port comes at the right time,” the port of Esbjerg said, adding that the expansion is expected to be complete by the end of 2017.

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