| With just a few months of 2010 left, Scottish port operator Forth Ports thinks trading for the year will match expectations as “upward momentum” established in the first half continued into the third quarter.
Business at the ports division is slightly ahead of expectations, with new business initiatives and tonnage increases in some areas. Tilbury grew overall tonnage by 8% in the nine months to the end of September, with the unit dealing with timber, forest products, ro-ro (roll on/roll off) traffic and motor vehicles performing “particularly well”. The Bulks Terminal volumes at Tilbury increased by more than 50% compared with the same period last year, while the operating performance for the nine months has been maintained in Scotland and was “steady” in the Nordic region. “Our ports business continues to have good visibility, is underpinned by significant long-term contracts with a broad range of customer cargoes and is strongly cash generative” the group said. |
