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06.05.2004

Port of London Authority reports successful year

Another successful year has been reported by the Port of London Authority (PLA) with overall trade in 2003 similar to that in 2002. The total volume of trade in the year amounted to 51.0 million tonnes (compared to 51.2 million in 2002). 

 

Other highlights of the year include:

 

        increase in fuel trade to 21.2 million tonnes (19.9 in 2002)

        increase in container and trailer tonnage to 12.2 million tonnes (12.0 in 2002)

        forest products trade amounted to 2.0 million tonnes (same as 2002)

         

Announcing the PLA’s Annual Report & Accounts for 2003, Chairman Simon Sherrard said:

“I am pleased to report that we achieved an operating surplus of £433,000 (deficit of £89,000 in 2002) on a turnover of £32.8 million (32.3 million in 2002).

 

“Overall trade volume was similar to 2002, and we saw increases in unitised cargo, oil, coal and cereals. The diversity of cargoes was maintained and we are seeing an increase in the volume of unitised cargo both by way of container ship and ro-ro. Aggregate volumes reduced as the groundworks for a number of infrastructure projects were completed. With the investments planned by terminals on the river we are confident regarding future levels of activity.”


Copies of ‘Annual Report & Accounts 2003’ are available from: Martin Garside, Port of London Authority, Bakers Hall, 7 Harp Lane, EC3R 6LB (Tel: 020 7743 7915; Fax: 020 7743 7998)  Email: martin.garside@pla.co.uk

 

Note to Editors:

1.   The Port of London Authority (PLA) is the port authority for 150 km (95 miles) of the tidal Thames from Teddington to the sea. It provides navigational, pilotage and other services for ships using the Port of London. London is one of the top three ports in the UK and handles over 50 million tonnes of cargo each year. The Port of London comprises over 70 independently owned terminals and port facilities, which handle a very wide range of cargoes.


2.   Photographs of shipping activity in the Port of London area are also available on request.