Great results from Kolding Port

Satisfaction with the year 2022 at the port authority

When presenting the annual report of the port authority Port of Kolding 2022, the board was satisfied with the results achieved in a challenging market with shortages and bottlenecks, as well as high freight prices and skyrocketing energy prices.

"Yes - I must say that we in the port board are satisfied with the results for the year 2022: more ships, more cargo, higher turnover and better financial results than in 2021, despite the very difficult conditions that especially the war in Ukraine has created in our market," says chairman of the board and first deputy mayor Birgitte Munk Grunnet in connection with the final processing of the annual report 2022. "We have handled the second largest cargo volume out of the last five years and it is the third largest volume ever in the port's history. We can only be satisfied with this under the difficult conditions. The employees at the port have made a strong, flexible and committed effort and the new management has got off to a good start, which overall has contributed to the port's satisfactory results."

Green results at the port

Along with the good results for cargo turnover and economy, the port has worked on green development - in 2022, the board of directors adopted a final project to establish shore power for ships and cranes, a project worth around DKK 15 million. - The project's establishment phase started at the port in February 2023 and the facility will be completed for the summer vacation 2023.

"This is a project that puts the Port of Kolding on the green map and it is a significant step towards the port's goal of becoming an even greener commercial port," concludes Birgitte Munk Grunnet. "We look forward to being able to connect the large cargo ships to shore power together with our electric cranes, which will run on the same shore power system, for the benefit of both the CO2 accounts and the local environment."

A professional board of directors

The Port Authority Kolding Port has established a professional board that works on similar terms as the board of a limited company - with an addition to the composition that there must be three representatives from Kolding City Council and four board members from the business side. The board consists of: Chairman Birgitte Munk Grunnet (S), Villy Søvndal (SF), Jakob Ville (V), Vice Chairman Finn Klostermann - Danish Crown Beef, Jesper H. Eriksen - former DSV Prime Cargo, Hans Erik Bylling - Aller Aqua, Mette Høi Davidsen - DesignerPit.

Economy and jobs

Net turnover for the port authority Port of Kolding in the 2022 financial year amounted to DKK 33.8 million, with an overall increase in the volume of goods of 7.1 % compared to 2021. There were relatively large variations for the individual types of goods, which can be fully or partly attributed to the market conditions in 2022. The result for the year 2022 was DKK 11.2 million, which is a plus of DKK 4.7 million compared to 2021. The relatively high result is due to extraordinary recognition of DKK 6.3 million, which is mainly due to interest rate increases that reduce Kolding Port's provisions for pension obligations in present value to former civil servants. The port authority employs 13 employees, while there are another approx. 800 jobs at the port with the companies that rent from the Port of Kolding.