2019 ends with a satisfying result

With a profit for the year of DKK 10.3 million, the Port of Hirtshals can look back on a satisfying 2019 which among other things showed a growth in the car and passenger traffic as well as the total inflow of fish.

At the Port of Hirtshals, the financial year 2019 was primarily characterised by commercial consolidation. At the same time, the port managed to realise a total revenue of DKK 76.1 million even though some of the port's activities were challenged by individual and external factors. However, the factors are considered as transient.

2019 was the year when the Port of Hirtshals really manifested its position in the Scandinavian salmon sector. This was mainly due to the establishment of Hav Line's salmon terminal and the 2-3 weekly calls of the harvesting vessel "Norwegian Gannet" which supplies salmon from Norwegian and Scottish salmon farms. Overall, the total inflow of fish has never been greater at the Port of Hirtshals, and in 2019 the total value reached DKK 1.46 billion.

Norwegian Gannet next to the salmon terminal

Besides a positive development in fish, the Port of Hirtshals can also present a growth in the car and passenger traffic of 2.9% from 2018 to 2019. Equally, the revenue for rental of commercial land has grown by 4.7% over the period. Due to an increasing interest in the port's geographical location as well as Hirtshals' well-functioning transport options by rail, sea and road, the port has a clear expectation of further growth in land rental over the coming years.

The minor European recession has throughout the year affected the traffic over a number of European ports and caused a decrease in the total freight volume in Europe and over the Danish traffic ports. According to Statistics Denmark the large Danish ports have experienced an average decrease in the freight traffic of 2.2%, meanwhile the Port of Hirtshals has demonstrated a growth in the freight volume of 2.6%. Compared to the freight traffic as a whole, the Port of Hirtshals sees the development as positive, as the port has maintained its constant growth since 2008.

Traffic at Color Line's terminal

Now, the Port of Hirtshals is looking forward to 2020 and 2021, which are expected to be some exciting years marked by growth. Here, the port expects a positive development in the inflow of fish and that the freight transport will continue on the growth path it has followed over the past decade. However, the port is also aware that the European recession caused by the COVID-19 pandemic will cause a revenue decline in 2020. However, this will not affect the long-term development potentials.

- We have a well-founded confidence that we can continue the growth we have experienced over the past 10 years. This expectation is, of course, justified by the already initiated activities and development work at the port. It is our ambition that the coming years will be characterised by further rental of land and new routes to the Port of Hirtshals. In addition, we are naturally looking forward to the start of rail freight traffic in late 2020 or early 2021, chairman of the board at the Port of Hirtshals, Anker Laden-Andersen concludes.

A lot of trailers at the port