Iceland's Isafjordur Port invests EUR 8M in pier extension

   October 2, 2023 ,   Cruise Industry

The Port of Isafjordur (Iceland) has undertaken a significant investment of IKr1 billion (EUR 8 million) to extend its pier, effectively increasing the length of the existing pier from 190 meters (623 ft) to a total of 500 meters (1640 ft), with a alongside depth of 10 meters (33 ft).

Hilmar Lyngmo, the recently appointed harbor master, highlights the significance of this extension, stating that it enables larger ships, up to 330 meters (1083 ft) in length, to dock directly at the new pier instead of relying on tendering. This expansion complements the existing capacity of the two smaller piers, each capable of accommodating ships up to 150 meters (492 ft) in length, as well as anchorage options.

The port's cruise traffic has seen steady growth, with 136 calls in 2019, 209 in the current year, and 213 scheduled for 2024. This summer, despite the town's population of 3,000, there were four days when 6,000 passengers visited. Gudmundur Kristjansson, the retiring harbor master, notes that a decade ago, such an influx would have overwhelmed the community. However, the town has adapted to the industry's growth and is now more accepting of cruise ships calling at the port.

Kristjansson explains that the post-COVID period saw fewer ships operating at half capacity, which allowed essential services to recover. Currently, discussions are underway regarding the potential implementation of passenger number limits, a measure supported by cruise companies as well.

Notably, the cruise shipping industry has become a substantial contributor to the port's annual income, accounting for 70% of revenue, a significant shift from its historical reliance on fishing. This financial stability has enabled the port to pursue development and investments in its infrastructure.