The Port of Blyth has seen profits and turnover jump in a record year, buoyed by success within the global offshore wind sector.
The business has seen revenues rise by 19.2% to reach £30.4m, breaking its own record for the second year running, while group operating profit grew by 72% to £3.7m. The port unveiled its financial performance for 2022 at its annual public meeting, saying its port operating business continued to thrive in 2022, providing support to internationally significant projects within the offshore wind industry, while also strengthening its reputation as a leading offshore energy hub.
It said it logistics subsidiary Transped also performed well, continuing to establish its reputation as a leading international logistics, storage and forwarding provider, bringing consumer products into the UK. Meanwhile, its in-house training provider, Port Training Services, continued to provide port and marine-related skills development to companies across the region and onsite.
