Cromarty records highest ever turnover
Scotland’s Port of Cromarty Firth has recorded its best ever year in 2017, according to its annual review released in September 2018, with a turnover of £9.9 m, which is £1m higher than its previous turnover record in 2016.
This strength of position will enable the Port to continue to invest in major developments, such as the new quayside and laydown space, which is in the planning stages to be built through 2019/2020.
Last year was an extremely busy one for the Port, which saw it diversify from its core business of oil and gas, to renewables, decommissioning and cruise. This diversification strategy and a higher number of vessels than expected resulted in the improvement.
Bob Buskie, Chief Executive for the Port of Cromarty Firth said: “At the start of 2016, with low oil and gas prices, we knew the Port had to adapt to sustain our growth and help keep local people in work. Firstly, supporting our core customers in oil and gas was a key concern. After the necessary consultation, we introduced a new pricing for statutory dues in January 2017, which meant an average five per cent reduction in fees for most clients, supporting them through the downturn.
“Secondly, the Port had to look to the future and see what we could do to help sustain jobs and growth. This is where our diversification strategy came in, with 2017 seeing us undertake a project to introduce decommissioning to the Port in an open port policy, where our supply chain could bid for work under our licences.
“The £25m investment in our Phase three quayside and laydown area in 2015/16, allowed us to bid for renewable energy work. The largest project for this new berth was in support of the £2.6 billion Beatrice Offshore Windfarm Project. The Port was awarded two contracts by Seaway Heavy Lifting for laydown space, berthing and office space to support the 84-turbine windfarm. These contracts will run until the end of 2018.”
By Jake Frith
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