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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

China COSCO to be First through the Expanded Panama Canal

China COSCO Shipping has won the draw for its container vessel Andronikos to make the ceremonial first transit through the Expanded Panama Canal during the waterway’s inauguration on Sunday, June 26.

Sellick Equipment to Open New Facility

On April, 20, 2016, at the young age of 97 years, Walter Sellick along with sons Howard Sellick - President, David Sellick - Vice President and grandson Colin Sellick - Systems Manager,

Asia Tankers-VLCCs Rates Ease as Tanker Jams Fade

Port congestion eases at Basra and Chinese ports; tanker demand set to expand on lower oil prices. Freight rates for very large crude carriers (VLCCs), hurt by slower-than-usual release of cargo,

Ports

MARAD: $5 Mln Available for Marine Highway Projects

The Maritime Administration (MARAD) has announced the availability of $5 million in Federal funding to expand marine highway service by creating new or expanding

New Shipping Firm Sets up in Vancouver

A new shipping company has established itself in Vancouver as the Vancouver International Maritime Centre (VIMC) completes its Asia tour, launching in Tokyo, Singapore and Hong Kong.

Drug Interception at Red Hook Container Terminal

Approximately 121 pounds of heroin and eight pounds of cocaine were discovered in a shipping container of vegetables that was moving from Ecuador to Miami, Fla.

Finance

MARAD: $5 Mln Available for Marine Highway Projects

The Maritime Administration (MARAD) has announced the availability of $5 million in Federal funding to expand marine highway service by creating new or expanding

Baltic Index Down on Lower Capesize, Panamax Rates

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped on Friday, as demand for capesize and panamax vessels fell.

Oil Rally is Not Just About Hedge Funds: Kemp

Oil prices are becoming dangerously overheated as speculators anticipate a rebalancing of supply and demand that has barely started, according to many oil analysts.

Intermodal

EU Clears CMA CGM, NOL Merger, with Conditions

The European Commission said on Friday it had cleared French shipping group CMA CGM's $2.4 billion takeover of Neptune Orient Lines on condition that NOL pulls out from a rival shipping alliance.

Fitch: M&A, Not Alliances to Help Revive Container Shipping

The following statement was released by the rating agency: Mergers and acquisitions, rather than the historically more popular alliances, are inevitable to address

Strong Surf Blocks Entry for Brazil's Largest Port

An agitated sea has blocked the entrance to Brazil's largest port of Santos, preventing ships from entering or leaving for more than 12 hours during peak soy export season.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Offshore Oil Pod Propulsion Port Authority Salvage 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: 0.0980 sec (10 req/sec)