The ports are under pressure
Declining growth in the world economy and less trading than expected, makes great demands on the adaptability of Danish ports. The volume of freight has shrunk by some 15 percent over the past 10 years, while the port investments have grown significantly.
The gap between supply and demand is clearly higher. The ports are forced to specialize, or find new jobs that can replace or supplement the traditional cargo-over-berth role.
"Before the financial crisis began, we were up at over 110 million tons of goods per year in Denmark. Currently, we have about 95 million tons," says Bjørn B. Christiansen, CEO of the trade association Danish Ports to the magazine Maritime Denmark.
"In the last few years, cargo volumes have started to grow slightly, but are still very limited. The growth rates we've had the last 3-4 decades in business, are no more. If the economy grew by 1 percent in the good old days, trade increased by 3 percent. Today the situation is quite different - for each percentage the global economy grows, the freight volumes increase by less than 1 percent. "
"Everyone sits and ask themselves: What exactly is going on. Is it something transient, or is it something more permanent," says Bjørn B. Christiansen.
Read the full interview with Bjørn B. Christiansen in the new edition of the magazine below.
Source: Maritime Denmark