Aberdeens Record Year

During 2005, cargo volumes handled by the group’s UK ports rose by 4.3% to 134.8m tons, a continuation of the consistent growth achieved in recent years with a strategy of targeted investment generating new business by securing long-term contracts with customers. Six new long-term customer contracts were won last year, with the group committing £20m of new revenue related capital expenditure. This includes £15m for expansion of the Humber International Terminal, the extension of which is on schedule for completion in the second quarter of this year. The total £59.5m investment in a second deepwater terminal will create a specialist coal importing facility to meet demand from the country’s electricity supply industry.

There were increased shipments for the oil and gas industry in UK waters and further afield as well as growth in various categories of general cargo, with the throughput of animal feedstuffs nearly doubling. The port had trading links with more than 30 countries in Europe, Africa, North and South America, the Middle East and the Far East.

MJ Information No: 21629