Sunday , 19 May 2019
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Forth Ports, which owns five British ports – including facilities at Tilbury and Dundee – posted a 7% drop in first-half pre-tax profits to £12m (US$24.4m), after the company was hit by losses from its property arm. Shares fell by £0.50 (US$1.01), or almost 3%, to £17.75 (US$36).

Profits sink for Forth Ports

However, the Edinburgh-based firm said it was confident of achieving an improved performance in the second half of the year, adding that it expected to conclude several new contracts with customers in Scotland and at Tilbury, Essex.

Meanwhile, at Associated British Ports (ABP)’s Port of Immingham on the River Humber, a new weekly short-sea container shipping service started on September 13, linking the port’s Exxtor Terminal with Oslo Fjord and Rotterdam. The service is operated by Tschudi Lines North Sea AS, part of Tschudi Shipping Company, a privately-owned ship-owning company based in Lysaker, Norway.