Swedish Ports Building to Win
The Municipality of Gavle in Sweden is investing 6.5m in the Port of Gavle to create a new quay and for dredging in order to allow calls by larger container ships. Together with investments in new container cranes by Gavle Containerterminal AB , the works will result in a capacity increase from the present 70,000 boxes per year to 170,000.
The works coincide with the Port of Goteborg AB acquiring a 20% share holding in Gavle Containerterminal AB. The Port of Gavle is already the largest container port on the Swedish east coast and has good rail links with Goteborg. The acquisition reflects the ambitions of Port of Goteborg AB, which is the leading Scandinavian liner port, to expand its catchment area to attract additional liner services which currently use competing European ports.
The ongoing port development at Gavle is important for industry in mid-Sweden and around Lake Malaren, west of Stockholm.
Magnus Karestedt, president of Port of Goteborg AB said, ‘This is the first restructuring deal in the Swedish ports industry. From an international point of view, the competitiveness of Swedish ports will gain from strategic cooperation between important logistics centres on the east and west coasts of Sweden. The potential to attract more direct deep liner services will increase, which is a development demanded by industry. Volumes need to be won from North European container ports.’
MJ Information No: 20766
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