Successful 2007 for Port of Tyne

Business at the port remains buoyant. Turnover in 2007 increased by £3.087m, and trade was up by 641,000 tonnes. Cash generation was up £4.509m, but offset against this was an increase in capital expenditure and financial investment of £6.821m.

Broken down, the figures show conventional, general and ro-ro freight tonnages up by 228,000 tonnes; rail terminal traffic up by 361,000 tonnes, vehicles up by 52,000 and containers up by 9,000 units. The port’s cruise operations in 2007 were up by 40% but ferry passenger numbers were down, a result of continued heavy competition from low-cost airlines.