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Displaying items by tag: Stockpiling

In the lead up to the end of the Brexit transition period, stockpiling helped Belfast Harbour largely weather the storm of Covid-19, according to the port’s latest annual results.

As The Irish News reports, turnover fell by 4.7 per cent to £62.8 million for the year ending December 31 2020, with the £29.7m operating profit in 2020 just 2.6 per cent down on 2019.

The trust port said the decline in revenue was largely the result of the impact on the tourism and leisure trade, notably from the loss of 128 cruise ships due to dock in the city during 2020 and the restrictions on its AC by Marriott Hotel, which saw a £3.6m fall in turnover last year.

But 23.5 million tonnes of cargo still passed through the harbour in 2020, just three per cent down on 2019.

And despite the introduction of the protocol in January this year, a strategic report produced by the Harbour Commissioners said initial trading in early 2021 has been broadly in line with early year trading patterns for previous years.

But, they said that has largely been the result of grace periods for certain goods.

More here with comments from the port's chief exective

Published in Belfast Lough

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