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AARHUS

Aarhus port to be expanded after city approves longstanding proposal

A majority in the Aarhus municipal government yesterday voted through a proposal to extend development of the city’s port by up to 84 hectares.

Aarhus port to be expanded after city approves longstanding proposal
The Port of Aarhus is to be extended by up to 84 hectares. File photo: Bo Amstrup/Ritzau Scanpix

The approval has been in the works since 2018 and has met with local resistance due to concerns about its impact on local marine habitats, the environment and the appearance of the harbour.

It was voted through by the four biggest parties in the city government: the Social Democrats, Conservatives, Liberals and Socialist People’s Party, newspaper Jyllands-Posten reported.

The first new phase of development at the harbour is expected to be completed by 2030.

Local newspaper Aarhus Stiftstidende reports that a new jetty and extension of the port area by 43 hectares will comprise the first phase of the new construction.

The city government will be able to decide whether to continue development to the full 84 hectares allowed by the agreement.

Aarhus mayor Jacob Bundsgaard said the city was undergoing a “historic transition” following the council vote, Jyllands-Posten reported.

“As the city develops, our climate and environment are under strain. We must change our habits and it’s a situation that calls for our political decisiveness,” he said.

Social Liberal councillor Metin Lindved Aydin, who voted against the proposal, called it a “sad decision” for “many reasons” according to Aarhus Stiftstidende.

The director of the Aarhus Havn (Port of Aarhus) company which operates the port, Thomas Haber Borch, praised the approval of the extension.

“We’ve had support from businesses and many Aarhusians this whole time,” he said in a statement.

“But there have also been many opinions and feelings at play in this project,” he added.

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BUSINESS

Maersk profits plummet as Yemeni attacks close off Red Sea route

Danish shipping giant Maersk posted a huge drop in net profit for the first quarter on Thursday as Yemeni rebel attacks are forcing it to avoid the vital Red Sea route.

Maersk profits plummet as Yemeni attacks close off Red Sea route

Maersk reported a net profit of $177 million in the first three months of the year, a 13-fold drop from the same period last year. Turnover fell 13 percent to $12.4 billion, slightly lower than forecast by analysts surveyed by financial data firm FactSet.

The company, however, raised its outlook for the full year, citing higher demand and increased rates and costs due to the supply chain disruptions in the Red Sea.

It now expects an underlying core profit ranging between $4 billion and $6 billion, up from $1 billion-$6 billion previously.

“We had a positive start to the year with a first quarter developing precisely as we expected,” Maersk chief executive Vincent Clerc said in a statement.

“Demand is trending towards the higher end of our market growth guidance and conditions in the Red Sea remain entrenched,” he said.

“This not only supported a recovery in the first quarter compared to the previous quarter, but also provide an improved outlook for the coming quarters, as we now expect these conditions to stay with us for most of the year.”

Iran-backed Huthi rebels, who control the Yemeni capital Sanaa and much of the country’s Red Sea coast, have launched dozens of attacks on ships since November, claiming solidarity with Palestinians caught up in the Israel-Hamas war.

The United States in December announced a maritime security initiative to protect Red Sea shipping from the attacks, which have forced commercial vessels to divert from the route that normally carries 12 percent of global trade.

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