Growth continues

 Port of Grenaa continues its growth

The Port of Grenaa continues its growth

In 2020, we intensify our focus on the future.

With a turnover of DKK 60 million, the Port of Grenaa made a profit of DKK 14 million in 2019. This result is close to last year’s record turnover, when we achieved a profit of DKK 15 million with a turnover of DKK 59 million. The result for 2019 was presented at the port’s general assembly on the 20 April 2020.

Specialized focus areas are the port’s strength

After a number of years with continual developments and growth at the port, the Port of Grenaa’s CEO Henrik Carstensen is extremely pleased with another good result:

“It is wonderful that the Port of Grenaa achieves such a good result again. In 2016, we developed a strategy for the Port of Grenaa to be a dynamic port that should come up with specialized facilities and knowhow regarding seven focus areas. I dare say that we can now look back and claim that the strategy has been successful.”

Bent Hansen, chairman of the board of the Port of Grenaa, supports this view:

“The fact that the port has so many different opportunities, is its major strength. If, for example, one of our business areas is facing stagnation, there will be other areas with a high level of activity. This is how the Port of Grenaa – with its tactically selected focus areas – has prepared itself for the future.”

Important to the local area

“It is important for the Port of Grenaa as well as for the entire local area that we have achieved good results in recent years; the best in the history of the Port of Grenaa, actually,” Bent Hansen says and continues:

“Recent years’ results have a positive impact on the entire Djursland region, such as more workplaces and increased business activity.”

Henrik Carstensen also confirms that the development of the local area and industry has been an important item on the agenda again in 2019:

“The Port of Grenaa has been busy preparing the opening of the new Stena Line ferry service, which – by the end of 2024 – is expected to ship 300,000 passengers and 75,000 lorries each year, thus being the “blue motorway” to Sweden. This is close to double the current figures and will provide the entire region with vast perspectives. Together with the Municipality of Norddjurs, we have therefore also increased the focus on developing the recreational South Port, which is intended to attract local citizens as well as tourists. In addition, we continue our efforts to turn the House of Sustainability into an even more attractive business community for companies with green and socially responsible ambitions.”

Focusing on the future in 2020

“The profits achieved in 2019 will mainly be spent on extending the port areas, adding more square metres to the quayside and building more warehouses,” Bent Hansen says.

“We expect to finish the building of a new large multi-area near the quayside as well as three new bulk commodity warehouses in 2020. Once we finish these projects, this will be a real breakthrough, because we are facing a huge demand. With extra quayside metres in the future, we can maintain a stronger position, and we can attract exciting activities to the port. We know that the number of jobs concerning maintenance of oil rigs and ships will increase. With an additional quayside area, we hope to get our share of the business, as it will result in major growth in activities in the local area when oil rigs and ships need repair and renovation.”

Henrik Carstensen mentions that 2020 will primarily be a year when the Port of Grenaa consolidates its position – a year when we will be focusing on strengthening the port for the future:

“In 2020, we will chart a course for the Port of Grenaa’s future development by establishing a strategic plan for the period from 2021 to 2025. Furthermore, we will finalise our ambitious and clearly defined CSR policy for the Port of Grenaa. Sustainability and cooperation were the keywords for 2019 and still will be in 2020. As an example, we will target our efforts on selecting, prioritizing and integrating the UN Global Goals for sustainable development even more in the port’s activities,” Henrik Carstensen concludes.