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Optimising Port Productivity Investments in Ports

Optimising Port Productivity Investments in Ports. Gísli Gíslason Port Director Associated Icelandic Ports. Economic tubulance. Economic crunch experienced in many parts of the world . Diminished interest to invest in port installations .

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Optimising Port Productivity Investments in Ports

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  1. Optimising Port ProductivityInvestments in Ports Gísli Gíslason Port Director AssociatedIcelandic Ports

  2. Economictubulance Economiccrunchexperienced in many parts of theworld. Diminishedinteresttoinvest in port installations. Stronginfrastructure in transport nevermoreimportantthan in difficulttimes. Longtermvision.

  3. Icelandicharboursyoungcomparedto ports in Europe. • Contractwiththe king of Norway in 1262 – Insufficient transport resulted in loss of independance. • First permanent harbourinstallations in Icelandcompletedsome 100 yearsago. • Construction of theOldHarbour in Reykjavík began in 1913.

  4. Harbours in Iceland • Harboursplaykeyrole in Iceland as thenation as icelandersrelyonmarinecatches and import and export bysea. • Now a moreclearcutdifferencebetweenfishing, transport and industrialharbours. • Ports mainlyownedbymunicipalities. • Financialsupportbythestate.

  5. Mainharbours in Iceland Ísafjörður Akureyri Snæfellsbær Grundarfjörður Fjarðabyggð Hornafjörður Faxaports Hafnarfjörður Total number of harbours in Iceland 43. Total income 27.7 m Euros AssoiatedIcelandic Ports 50% Annualinvestmentabout 14.0 m. Euros State funding about 6.0 m Euros Helguvík Grindavík Vestmannaeyjar

  6. Grundartangi Borgarnes Reykjavík Akranes Owners: 5 municipalities. Reykjavík ownes 75%. Specialisation of individual ports. Areal view – Associated Icelandic Ports

  7. AssociatedIcelandic Ports Annualhandling of 5 milliontonnes. Containers2008: 270.000 TEU Fish 127.000 tonns. Industrialcargo 1.3 milliontonnes. Landlord port –thatownes 1000 hectars of land. 85 cuiseshipcalls and increasing. 60.000 passangers.

  8. TheOldHarbour in Reykjavík Brought in touse in 1917 Main import and export harbour in Iceland for 50 years. Fishing and sevice port. Investment in a concert and conference hall. Oilterminal. Different land usedevelopment.

  9. Sundahöfn – cargoharbour Sundahöfn – containers and cruiseships. 190 hectares Main import and export harbour in Iceland. 250.000 TEU Ongoingprojecttomaximise land use.

  10. Grundartangi – industrialharbour • Grundartangi area 473.3 he. • Industrialsite141,9 he. • Keysite for industrialdevelopment in thecapitalarea. • Variousinvestmentpossibilities.

  11. Harbourof Akranes • Fishingport supportingdynamicfreshfish market. Freshfishauctionfacilitiesprojected in harbourarea. Newfishmarkethouse. • Pelagicspecies: Important in thislocation. Groundfish/Demersalspecies: About14.000 tonnes. • Smalerscalefreight transport alreadyhandled in this port (Cement, fertilizers etc.) Futurelandfills

  12. Mainharbourprojects in Iceland Húsavík - Grundartangi – aluminium and ferrosiliconfactories Fjarðabyggð Aluminiumsmelter Sundahöfn – Reykjavík – cruiseships. Hafnarfjörður – aluminiumsmelter • Total productioncapacity in aluminium 791.000 tonnes. • Export possibilities: • Water • Oil • NorthernSeaRoute Helguvík– aluminiumsmelter Bakkafjara - ferry

  13. Hydro- and geothermal power • Investments in ports in Icelandhave and willbeconnectedwithinvestment in hydro – and geothermalpowerstations. • Environmentalconsiderations. • Utilization of resourceswillaffectinvestments in port installations. • Energy – production - transport.

  14. What makes your port attractivetooutsideinvestors? • Traditional port installations. • Unrelatedstructures – such as residentialareas. • What very clearly makes a port attractive to investors may be presented as follows. • Good and safe mooring possibilities. • Good backland area and an area for long time development. • Safe and quick service when loading and offloading goods. • Secure and speedy communications on land to and from the port area. • Closeness to the market. • Closeness to safe power station structures. • Economic growth.

  15. AssociatedIcelandic Ports offer a total pier lengt of 8.3 km. • Waterdepthfrom 9 – 14 metres. • Backlandarea – 250 hectares of unused land. • Shortnoticeplanningawayfromresidentialareas. • Speed in loading and offloadingvessels. • Accessability and roadconnections. • Secureaccesstosources of energy.

  16. Investing in port infrastructure and meetinginvestors´expectations. • Twokinds of investment in Icelandic ports: • Piers, sites, streetsabdbacklandareas. • Companyinvestment in buildings, wearhouses and machinery. • Newsituationaftertheeconomiccollapse. • A verylowrate of exchange in theIcelandickronaarousesinterestfrom foreign investors. • Goodexperience in port centeredactivities. • Safe and securefacilities.

  17. Availability of privateequity • Considerablechange in the last fewmonthswithequity not beeingreadilyavailable. • A small stock market in Iceland. • Economiclifebasedonexcessive foreign loancapital. • Strongdomesticpensionfunds. • Icelandic ports ownedbylocalmunicipalities. • Private ports not a feasibleoption in Iceland. • Stevedoring in thehands of theshippingcompanies. • Investorshesitant. • Harbourinvestmentsmoreinterestingthanother. Investments.

  18. Conclusion • Despiteinternationalrecessionharbourareaswillcontinuetobe of interesttoinvestors. • Port areawillcontinuetobethemostvaluablecityareas. • Withworldeconomyimprovingtherewillbeampleopportunities. • Port areasare at theheart of economicprogress.

  19. Borgarnes Akranes Grundartangi Old harbour Sundahöfn Thankyou.

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