Saturday, October 31, 2009

Scottish Port Management Group Report Container Volumes Down

Mixed Results for Forth Ports in Trade and Countrywide Statistics
Shipping News Feature

UK – Edinburgh based Forth Ports plc published full year figures yesterday for its combined operations which whilst unsurprising were pronounced as “satisfactory” by the groups management. Forth, who own and operate seven ports nationwide, announced throughput at their Tilbury Container Services operation down 22% and in Grangemouth the reduction was 11%.

Liquid volumes were also down as were the companies waste and paper operations via their subsidiary Nordic at Chatham in Kent but bulk cargo volumes were up, 35% through the Tilbury facility.

Although the company has permission for various developments some of these are on hold whilst the down turn persists. The group continues to extend its interests into different sectors and claims to have reduced debt since the half year in line with its targets. The full report can be seen at the group website.