Port of Tyne has returned to profit after two years of losses and says it has hit a number of strategic milestones as it aims to modernise its activities.
Newly-released accounts for the port show that revenues for 2021 rose by £4.9m to £47.3m, while a £5.5m loss before tax from a year earlier was turned into £6.9m profit.
Increasing customer demand meant that container volumes were up 19%, while ferry calls increased by 43% and the volume of bulk and conventional cargoes handled rose by 10%.
