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Published: 15 May 2017      

Record result for Port of Blyth

The UK Port of Blyth has announced record financial results for the second consecutive year as turnover in 2016 grew by 17% to £23.2M

A 50% year on year increase saw group pre-tax profits reach a record £1.9M while commercial vessel movements at the port grew by 20%.

The key driver was energy sector-related trade, supported by the port’s continued success in attracting unitised, breakbulk and dry bulk cargoes. Increasingly seen as a strategic North East offshore energy supply base, the Port grew its client list significantly in 2016 and the reinvestment of profits in facilities continues to attract high level interest from leading firms in the sector into 2017.

Chief executive Martin Lawlor said: “Having achieved record financial figures in 2015 we’re very pleased to announce another set of outstanding results across the group this year. Driven by the primary port operating business’ best ever financial results and a strong performance across all trade sectors, these figures highlight both the continued growth of Port of Blyth and a very positive outlook for its future.”

Port of Blyth chairman Geoff Hodgson said: “Having achieved a second successive record year, the port is clearly on a sound financial footing with continued success expected in the future. As a Trust, the Port’s on-going success will benefit our wider stakeholders and with several exciting developments planned for the coming years, we expect this growth to continue in 2017 and beyond.”


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