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Insider UK
National
Peter A Walker

Port of Aberdeen increases turnover and profit as rebrand completes

The Port of Aberdeen reported an increase in turnover to £33.5m during 2021, as progress continued with its £400m expansion project.

While still experiencing the detrimental impact of the pandemic, turnover for the year increased by 1.5% and an operating profit of £17.4m was earned, up from £16.9m in 2020.

Last year, just over 6,000 vessels entered the port, representing 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.

Construction of Aberdeen South Harbour continued at pace, 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.

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.”

Aberdeen Harbour’s rebrand to Port of Aberdeen also marks a new chapter in the port’s almost 900-year history.

The name change in the operating entity follows the latest strategic review of the organisation, which sets the course of the port for the next 10 years under a new vision: to become Scotland’s premier net zero port, at the heart of the energy transition.

Port of Aberdeen is also at the heart of the Aberdeen City and Peterhead Green Freeport bid, aiming to transform the region into a powerhouse of new trade and investment, while generating thousands of new jobs.

Chief executive Bob Sanguinetti said: “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.”

With the largest berthage in Scotland, the port's strategic location and existing supply chain make Aberdeen popular among offshore energies, decommissioning, general cargo, cruise and ferry services.

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