Newspaper article The Journal (Newcastle, England)

Port's Record Year Helps Boost Region

Newspaper article The Journal (Newcastle, England)

Port's Record Year Helps Boost Region

Article excerpt

Byline: John Hill

THE Port of Tyne has said it is confident of further growth this year after handling record cargo volumes in 2011. Port chief executive Andrew Moffat said records were broken for cars, containers and bulk cargoes, with the total tonnage of cargo handled jumping 66% to 5.3m tonnes. The port has invested more than pounds 100m on infrastructure over the past 10 years, including the deepening of the river by up to 10m to enable it to accommodate larger ships.

Consultant Arup has said the port's work in 2011 had a knock-on effect on the region as a whole, adding more than pounds 460m to the North East economy and supporting 9,500 jobs. This is 700 more than in 2010.

Moffat said: "We've grasped some crucial opportunities, such as the import of wood pellets, which we snatched away from a rival. We're now among the market leaders in a new sector. "However, Nissan has been an important customer for a long time and it performed exceptionally well last year. More or less everything for their operations up here comes through the Port of Tyne. In addition to that we've got customers in the retail sector such as Tetley and JML.

"We've invested pounds 100m in the last 10 years and pounds 26m in the last two. If you looked back maybe 10 years it was a different type of business, built on the export of coal in the 80s and 90s. It was clear it needed to diversify, and we've continued to focus on diversification in terms of cargo and customers."

The investment has allowed the port to cater for 83% of the world's cargo ships and 96% of the world's cruise ships.

Its largest increase in volumes came in conventional and bulk cargo, where it boasted an increase of 116% and coal imports nearly trebled to 2.1m tonnes.

Wood pellet tonnage reached 800,000 tonnes in the first full year of the new wood pellet-handling facility. …

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