Results Reveal Stong Year for Aberdeen Harbor

Posted by Michelle Howard
Wednesday, May 14, 2014

Aberdeen Harbor has reported its results for 2013, with vessel tonnage exceeding 28 million metric tons for the second year in succession, and nearly 4.9 million metric tons of cargo crossing the quayside.

Strong activity across the Harbor’s customer base was reflected in its financial results for the year, with turnover up 1.1% to £27.6 million (2012: £27.3 million), delivering pretax profits of £9.6 million.

The port has continued to be buoyed by high levels of activity from the region’s oil and gas industry and from its general cargo customers, and it experienced its busiest single week in September, when 690,907 metric tons of shipping entered the port.

Aberdeen Harbor Board chief executive, Colin Parker, said, “These results are a reflection of the strategic importance of the port to our many and varied customers, and emphasizes the important role the Harbor plays in the economy of the North East of Scotland.

Parker said that with the port operating at near capacity, it has become ever more apparent that additional facilities are required if Aberdeen Harbor is to continue to thrive. A recent independent report conducted by BiGGAR Economics, and commissioned by Scottish Enterprise, indicated that expanding the Harbor at Nigg Bay could be worth an extra £1 billion pounds per annum to the Scottish economy.

He added, “We have worked hard to modernize the port significantly and, in 2013, we completed the £33 Million redevelopment of Torry Quay. In light of the forecast for increased activity in years to come we need to look to other options if we are to continue to keep pace with demand. Activity levels in 2013 have strengthened our commitment to the Nigg Bay expansion concept and in 2014 we continue to work on finding the best way for this visionary project to be delivered.”

Highlighting Aberdeen Harbor’s importance as the main link to the Northern Isles, passenger numbers continue to increase, with well over 155,000 people passing through the Harbor over the period. The vast majority of these passengers were travelling on the Serco NorthLink ferry services to and from Orkney and Shetland. These services witnessed a five percent increase in passenger numbers compared to 2012. The Harbor also reported a record cruise season with 13 ships visiting the port during 2013.
 

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Odfjell Reports Best Quarter Since 2008

In what it is calling its best quarterly performance since third quarter 2008, the Odfjell Group for the second quarter of 2015 reported net results of $7 million.

Great Lakes Shipyard to Build Guatemalan Harbor Tug

U.S. shipbuilding and repair yard Great Lakes Shipyard informs it has signed a contract to build another of its HandySize Class, 3,400 HP twin-screw tugboat for

BAE Systems Welcomes Record Number of Paid Interns

More than 140 university students from across the country are being given a unique insight into working life at BAE Systems, as part of the company’s 12-week summer internship program.

Cruise Ship Trends

Seven Seas Explorer Spaciously Intimate

The cruise ship being billed as "the most luxurious ship ever built" will also feature some of the largest cabins  and balconies afloat.   The suites on the Seven Seas Explorer,

French Cruise Company PONANT Signs GAC UK

PONANT Yacht Cruises & Expeditions has appointed GAC UK as its agent for all United Kingdom and Ireland port calls in 2016. PONANT’s 142m and 132 cabin megayachts

Woman Missing From MSC Magnifica

According to local news, a female passenger is currently missing from MSC Cruises‘ MSC Magnifica. The Magnifica was sailing to Izmir, Turkey when the woman disappeared overboard.

Ports

Odfjell Reports Best Quarter Since 2008

In what it is calling its best quarterly performance since third quarter 2008, the Odfjell Group for the second quarter of 2015 reported net results of $7 million.

Damen Delivers Ice Class Tug to Lithuania

The Damen Shipyards Group has delivered an ASD Tug 2810 ICE to Klasco Towage Assistance, an affiliate of Klaipeda Stevedoring Company (KLASCO). The largest tugboat

DP World H1 Earnings Jump, Mulls Iran launch

DP World may launch operations in Iran, the company's chairman said on Thursday, as the global ports operator reported a jump in half-year earnings after buying assets from its parent company.

Finance

Oil Soars in Biggest One-day Rally in Years

Oil rocketed as much as 10 percent higher on Thursday, posting its biggest one-day rally since 2009 as recovering equity markets and news of diminished crude supplies

Odfjell Reports Best Quarter Since 2008

In what it is calling its best quarterly performance since third quarter 2008, the Odfjell Group for the second quarter of 2015 reported net results of $7 million.

ASRY 2015 Strategy Combats Challenging Market

Up to May 2015, ASRY (Arab Shipbuilding & Repair Yard), was seeing encouraging results from it’s 2015 strategy to combat the widespread challenges facing the maritime repair market,

Container Ships

DP World H1 Earnings Jump, Mulls Iran launch

DP World may launch operations in Iran, the company's chairman said on Thursday, as the global ports operator reported a jump in half-year earnings after buying assets from its parent company.

Hapag-Lloyd Swings to Profit in H1 2015

German container carrier Hapag-Lloyd is starting to see the commercial benefits of its integration with the container shipping arm of Compañía Sud Americana de Vapores (CSAV),

Hapag-Lloyd Continues on Path for Profits

Merger with CSAV is expected to deliver $100 million higher synergies than targeted, strong operating results, significant increases in transport volume and revenue

News

Oil Soars in Biggest One-day Rally in Years

Oil rocketed as much as 10 percent higher on Thursday, posting its biggest one-day rally since 2009 as recovering equity markets and news of diminished crude supplies

Odfjell Reports Best Quarter Since 2008

In what it is calling its best quarterly performance since third quarter 2008, the Odfjell Group for the second quarter of 2015 reported net results of $7 million.

Fisherman Hit by Parted Line Lifted to Safety

A fisherman struck and injured by a parted line was medevaced south of San Juan Island and transported to Olympic Medical Center in Port Angeles, Wash. Thursday morning.

Vessels

Great Lakes Shipyard to Build Guatemalan Harbor Tug

U.S. shipbuilding and repair yard Great Lakes Shipyard informs it has signed a contract to build another of its HandySize Class, 3,400 HP twin-screw tugboat for

Austal Delivers for USN

Austal’s U.S. operation consists of more than 4,000 employees supporting the design, construction and sustainment of two U.S. Navy programs, the 127-meter, trimaran

MES Delivers Bulk Carrier STH Athens

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 60,000 dwt type bulk carrier M.V. STH Athens (MES Hull No. 1898) at its Chiba Works on August 27,

Logistics

DP World H1 Earnings Jump, Mulls Iran launch

DP World may launch operations in Iran, the company's chairman said on Thursday, as the global ports operator reported a jump in half-year earnings after buying assets from its parent company.

Rosneft, EGAS Ink LNG Supply Deal

Rosneft Trading SA, a company of Rosneft Group, and the Egyptian Natural Gas Holding Company (EGAS) signed a Master LNG Supply and Purchase Agreement. The document

RoRo Operations Start at APM Terminals Pipavav

APM Terminals Pipavav (Gujarat Pipavav Port Ltd) and NYK Auto Logistics (India) today announced the commencement of RORO operations at Pipavav Port. Ford Motors

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.7914 sec (1 req/sec)