“This decision by the government is good news indeed. It is confirmation that they value the significance of the Port of Gothenburg as the most important freight hub in Scandinavia, handling 30 per cent of our foreign trade. An investment of this magnitude will consolidate our position even further,” said Magnus Kårestedt, Gothenburg Port Authority chief executive, in his response to the decision.
Larger vessels require deeper harbours
Economies of scale have been the driving force behind the unrelenting increase in the size of freight vessels. This applies to all types of vessels but in particular container vessels, which have doubled in size in just 10 years. The Port of Gothenburg is the only Swedish port that can receive the largest oceangoing container vessels, although the fairway depth is limiting their freight loads on arrival. There are also vessels that are unable to enter the port regardless, and they are forced to head directly for the continent, bypassing Gothenburg completely.
Magnus Kårestedt explained: “This makes deepening of the fairways crucial, not only for current traffic but also if we are to receive the next generation of vessels.”