Port of Aberdeen £400m expansion forges ahead

Port of Aberdeen

The rebranded Port of Aberdeen has reported a 1.5% increase in turnover to £33.5 million for 2021 — as progress continued with its £400 million expansion project.

Operating profit of £17.4 million was earned in 2021, up from £16.9 million in 2020.

In 2021, just over 6,000 vessels entered the port, a 2% decrease in arrival numbers compared with 2020.

“The decline in visits was in the smaller tonnage classifications, particularly focused on oil and gas supply vessels, while larger tonnage vessels numbers, including general goods and dive support vessels, remained less volatile,” said the Port.

“Construction of Aberdeen South Harbour continued at pace in 2021, as the project moved from marine to land construction.

“The Port is gearing up for operations at the port expansion project, with the first commercial vessels expected this summer as a ‘soft start’ prior to operations commencing in October.”

Port of Aberdeen chairman Alistair Mackenzie said: “The progress at our South Harbour expansion site has been remarkable.

“The site looks different every time I visit, which is down to the unwavering commitment from all those working on the project. I would like to thank our team and contractors for their constant hard work.”

Port of Aberdeen is at the heart of the Aberdeen City and Peterhead Green Freeport bid.

“A successful bid will create a global leader in sustainable energy and innovation, transform the region into a powerhouse of new trade and investment, and generate thousands high-skilled, green jobs and opportunities for those that need them most,” added the Port.

Port of Aberdeen CEO Bob Sanguinetti said: “We are building on our history and heritage as we enter a new era as Port of Aberdeen.

“The city is perfectly located to be Europe’s energy transition capital, and our £400 million expansion project will be at the heart of the development of high potential sectors, including offshore wind and green hydrogen.

“Green Freeport status for North East Scotland will transform the region and deliver unmatched value for Scotland.

“A successful bid would accelerate new, sustainable energy and innovation, deliver a managed and Just Transition that leads the nation to Net Zero and, most importantly, create high-skilled, green jobs across a diverse range of industries.”

About the Author

Mark McSherry
Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.