Helsinki Port counts €10m loss in 2020

The turnover of the Port of Helsinki in 2020 was EUR 67.2 million, which was EUR 28.3 million less than its turnover in the previous year.

The large decrease is explained by the decrease in passenger and vessel charges, according to the annual report of the Port of Helsinki published on Thursday.

Despite the adjustment measures, the result was a loss of more than EUR 10 million.

The number of passengers passing through the Port of Helsinki plummeted due to travel restrictions imposed due to the virus. The number of liner traffic passengers was 4.8 million, which was 59% less than the previous year.

Despite everything, cargo traffic in Vuosaari Harbour and the harbours at the centre of Helsinki continued throughout the year, even during the exceptional circumstances.

The negative effects of the COVID-19 pandemic on cargo traffic were smaller than initially estimated.

Cargo traffic in the ports of Helsinki totalled 13.3 million tonnes. This is 8.5% less than that in the previous year.

“However, our spearhead projects progressed with determination. Here at the port we are ready for action once we recover from the COVID-19,” said Port of Helsinki CEO Ville Haapasaari.

“During the challenging year, we have been able to respond quickly to the exceptional situations in cooperation with our customers and interest groups. It has required flexibility and adjustment of operations. For this, we owe a thank you to our own staff and all the companies working at the harbours and their employees,” added Haapasaari.