Denmark's Port of Aalborg Invests for New Growth

MarineLink.com
Thursday, October 10, 2013
Aalborg Østhavnen/Grønlandshavnen: Photo courtesy of the port

The Port's Board of Directors has approved an investment budget of 500 million kroner (about US$ 90,735,000) for the Port of Aalborg Group in the period 2014-2016.

An analysis prepared by the City of Aalborg Business Office and Business Network 9220 shows that companies in Aalborg East generally made it through the crisis, and that many of them are planning further growth already .



"The analysis has made me even more confident in my recommendation to the Board for approval of the massive investment framework for the port. Companies indicate a need for more land, production facilities, service buildings and technology based on an expectation that the Port of Aalborg and Aalborg - along with the state - will invest in the necessary improvements in the pressurized infrastructure, "says CEO Claus Holstein, Port of Aalborg A/S



The Board expects that the principles of the financial arrangements for the planned investments are in place at the end of the year.

"The decision on the level of investment is a clear signal that the port is now ready for new growth after the financial crisis. It is a commitment to the industry's efforts to improve efficiency and create new business activities for growth and development of society, not just in Aalborg, but throughout North Jutland, "says Henning G. Jensen.

Source: Port of Aalborg / Maritime Danmark

"The decision on the level of investment is a clear signal that the port is now ready for new growth after the financial crisis. It is a commitment to the industry's efforts to improve efficiency and create new business activities for growth and development of society, not just in Aalborg, but throughout North Jutland, "says Henning G. Jensen.


Source: Port of Aalborg / Maritime Danmark
 

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

People & Company News

Hapag-Lloyd Names Haeser Next CCO

Container shipping line Hapag-Lloyd AG’s supervisory board has appointed Thorsten Haeser as a new executive board member in charge of Hapag-Lloyd’s global sales

MARAD to Host Meeting on Proposed Delfin LNG License

MARAD Announces Public Scoping Meetings for Proposed Delfin Liquefied Natural Gas Deepwater Port Export Facility.   On July 29, the Maritime Administration

Substantial Demand Underscores Need for TIGER Grants

U.S. Transportation Secretary Anthony Foxx has announced that applications to the U.S. Department of Transportation for its seventh round of Transportation Investment

Ports

MARAD to Host Meeting on Proposed Delfin LNG License

MARAD Announces Public Scoping Meetings for Proposed Delfin Liquefied Natural Gas Deepwater Port Export Facility.   On July 29, the Maritime Administration

Maritime Experts to Debate Coastal Shipping, IWT Prospects

The opportunities and challenges faced by India’s coastal shipping industry as the country strives for a more optimal modal mix among various modes of transport

Matson Settles with Hawaii Settle on Molasses Incident

Pacific cargo shipper Matson, Inc. informs that a settlement has been reached with the State of Hawaii to resolve all civil, criminal and administrative claims

Finance

Substantial Demand Underscores Need for TIGER Grants

U.S. Transportation Secretary Anthony Foxx has announced that applications to the U.S. Department of Transportation for its seventh round of Transportation Investment

Diana to Acquire Two Post-Panamax Containerships

Diana Containerships Inc. announced that yesterday it signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to purchase from an unaffiliated

Intelsat Records $598 mln Q2 Revenue

Satellite services provider Intelsat S.A. has reported total revenue of $598.1 million and net income attributable to Intelsat S.A. of $60.2 million, or $0.47 per common share on a diluted basis,

Intermodal

Substantial Demand Underscores Need for TIGER Grants

U.S. Transportation Secretary Anthony Foxx has announced that applications to the U.S. Department of Transportation for its seventh round of Transportation Investment

Neptune Orient Lines Logs Q2 Profit

Singapore's Neptune Orient Lines Ltd (NOL) swung to a tiny net profit in its second quarter after six straight quarters of losses but said it had seen severe freight rate erosion.

Dometic Debuts Engineering Team for Ship-wide Ventilation

Dometic Marine, a division of Dometic Group, a global provider of leisure products for the marine, truck, caravan, motor home and automotive markets, has unveiled its new,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Port Authority Ship Electronics Ship Repair 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: 0.1813 sec (6 req/sec)