Port of Helsingborg 2024: overcoming challenges and investing in the future
In 2024, container volumes increased by 6% as the Port of Helsingborg continued to invest in technology and sustainability to support future logistics flows. Other cargo flows have remained more stable but are still at a lower level than in previous years. Global uncertainty remains a factor heading into 2025.
The Swedish economy shows signs of a turnaround, with falling inflation and expected interest rate cuts, which raises hopes for stronger purchasing power and a potential increase in cargo volumes in 2025. At the same time, uncertainty surrounding US trade policy and possible tariffs on European imports create unpredictability for global trade flows, which may also impact the Port of Helsingborg.
“We see clear signs that the market is gradually recovering, and we have strengthened our capacity to handle increasing volumes with our investments. However, continued efficiency improvements and careful financial management are required to ensure long-term growth,” says Bart Steijaert, CEO of the Port of Helsingborg.
Financial results: challenges and actions
The financial result for 2024 stands at SEK 26 million before appropriations, which is lower than expected. Declining bulk volumes—especially in grain (-62%) and pellets (-23%)—have negatively impacted revenue. Road freight has also decreased (-4%) due to the weak German economy. At the same time, the Port of Helsingborg has faced increased costs related to security and maintenance.
Despite these challenges, the increase in container volumes is a positive sign, even though bulk and road freight volumes have declined. The Port creates better conditions for future growth with efficiency measures and investments.
Efficiency improvements in the container terminal, including a new layout in part of the yard, have laid the groundwork for handling future volume increases.
Investments: long-term efforts for a modern Port
Throughout the year, the Port of Helsingborg has continued to invest in technology and infrastructure. Among other things, the Port has introduced its first electric reach stacker and four new electric terminal tractors. Thirty-one percent of operational machinery is now electric, which is still far from the target of 75 percent by 2026. Higher costs and long delivery times affect the pace of electrification, but the ambition to lead the way remains strong.
The Port has made other key investments in electric infrastructure, IT systems, and preparations for a future port relocation. In recent years, investments in dredging and implementing a new Terminal Operating System (TOS) have resulted in increased depreciation, which is necessary to meet future demands.
Key Figures
| Volume (thousands) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Tonnes of goods passing through the port | 7 303 | 7 361 | 8 559 |
| Handled units in TEU * by sea | 247 | 235 | 272 |
| Handled units in TEU * by rail at Combi Terminal | 35 | 41 | 55 |
| Trucks by ferry | 394 | 410 | 457 |
| Cars by ferry | 1 027 | 1 032 | 1 038 |
| Passengers by ferry | 6 440 | 6 368 | 6 301 |
One TEU corresponds to the volume of a container with the measurements 8x9x20 feet or just over 36.25 m³.
Looking ahead: focus on efficiency and growth
Despite challenges, the direction remains clear—the Port of Helsingborg aims to be the most modern in the Nordic region. The focus is optimising operations, improving profitability, and increasing customer satisfaction. The action plan initiated in 2024 continues with expected results in 2025 and 2026.
“The investments of recent years are beginning to show results, and we are building a modern port ready for the logistics flows of the future. With an expected economic recovery in 2025, we see opportunities to grow alongside our customers, but this requires us to remain at the forefront and invest strategically,” concludes Bart Steijaert.
