Cargo volume at Port of London surges 11pc to 50m tonnes

Time:2017-02-09 Browse:294 Author:RISINGSUN
THE Port of London`s (PLA) terminals on the Thames handled 50.4 million tonnes of cargo in 2016, representing a year-on-year increase of 11 per cent. It marked the first time since 2008 that tonnage topped 50 million tonnes, mainly due to growth in oil trades which were up 22 per cent to 13.3 million tonnes.

Containers and trailers (unitised traffic) rose seven per cent over 2015`s result to 18 million tonnes; aggregates and cement were up 16 per cent to 12.4 million tonnes; and cereal volumes increased by 15 per cent to one million tonnes.

The strong performance reflects continued growth at terminals along the Thames. Prior to 2016, port throughput had been growing at between two to three percent, year on year.

PLA chief executive, Robin Mortimer, said in a statement: "Our long-term vision is for 60 to 80 million tonnes of cargo to be traded every year through the Port of London - more than at any time in the Thames` history. Passing 50 million tonnes in 2016 is a major milestone towards this goal."

Last year saw the first cargoes delivered to the Thames Oil Port, the former Coryton oil refinery site now redeveloped as a fuel terminal. At the Port of Tilbury, a new chilled store for NFT was opened and the acquisition of land for port expansion was completed.

DP World London Gateway handled greater numbers of ultra large container ships - operating between Asia and Europe - and it secured additional central and south American and Oceania services.

The Port of London comprises over 70 independently owned and operated terminals and port facilities at different locations on the Thames that handle a wide variety of cargoes.