4C is now TGS

We are excited to announce a significant milestone in 4C Offshore's journey. Our integration into the TGS family marks the beginning of a new era in offshore wind market intelligence.

Learn what this means for you!

Wind lifts Port of Esbjerg's 2017

By: Tom Russell 21/03/2018 Port of Esbjerg

General Ports Windfarms

The Port of Esbjerg recently published year end 2017 financial results in which it noted "high level of activity and progress" in the wind energy sector.

The Port claims that stable cargo turnover, a generally high level of activity and progress in shipping out of wind turbine components are some of the factors that ensured this year's profit. Turbine components with a combined capacity of 1,300MW were shipped from the port, a 200MW increase on 2016.

In 2018 the Horns Rev 3 offshore wind farm project will be realised from the port and it will host components, vessels and personnel responsible for its construction.

The Port highlighted that its RoRo traffic was stable in 2017 and everything indicates positive growth for 2018. It has raised concern however that Brexit might influence traffic.

During 2017, the Port invested €32.11m in completing 250,000m² of expansion and constructing a new RoRo terminal in the East Port. The Port Authority expects that it will continue to make significant investments to meet customer demand. Therefore it is maintaining its focus on ensuring it has the necessary financial strength via return on invested capital and low costs.

The Port has invested a total of EUR 228m in new solutions and infrastructure since 2004. In 2017, the return on average invested capital (ROAIC) was 8.4%.
Flemming N. Enevoldsen believes that willingness to invest will continue to be decisive for the Port of Esbjerg, and it requires financial strength. ”Our financial muscle must be such that we are continuously able to make the investments required to meet our customers' needs and develop the Port of Esbjerg. Therefore, we must continue to keep costs down and ensure a sound return on our investments. The need for investment is unlikely to decrease in the future, given the market outlook and the high pace at which our environment has changed in the past.”

The Port of Esbjerg recently started an environmental impact assessment (EIA) of a future port expansion of up to 1.0 million metres squared so that the Port is ready to expand as demand for new areas arises. The EIA process is planned to finish at the end of 2019, after which the Port hopes any expansion can be planned and implemented.

For more information, please follow the links provided. Alternatively you can view the project using 4C Offshore's interactive map.

Premium

4C Offshore Premium, our most popular subscription, gives you full access to use the 4C Offshore WebApp which includes exclusive offshore wind, transmission and vessel reports, news and downloads.

Request a 30 minute Demo

Wind lifts Port of Esbjerg's 2017

Back to News

Trending News!