Milford Haven’s green strategies help performance

The Port of Milford Haven - 2015 accounts show strong performance The Port of Milford Haven - 2015 accounts show strong performance
Industry Database

The Port of Milford Haven has performed strongly thanks in part to increased volumes of LNG and a diversification strategy focusing on marine renewables.

The port’s 2015 accounts show a profit before tax of £4.4m with the port experiencing net growth in cargo volumes, up by over 10% on 2014 levels, at 37.8m tonnes.

Chief executive at the Port of Milford Haven, Alec Don, welcomed the results. “Not only has the port remained busy, it has also attracted new business to the area,” he said.

“We have continued to invest in both services and facilities to ensure we can maintain the port’s status as the UK’s biggest gateway for seaborne energy products. Considerable praise must go to our staff. Their skill and dedication has kept the port running efficiently and effectively,” he added.

Investment in operations up-river at Pembroke Port also yielded results.  The port remained South Wales’ largest and most successful ferry terminal. It also attracted a new contract to handle and ship out refuse-derived fuel to Sweden.  The diversification strategy to attract manufacture and maintenance contracts for marine renewables took a leap forward at the end of 2015 with the deployment of Tidal Energy Limited’s prototype device, DeltaStream, constructed in the port.

The Port of Milford Haven also owns and operates Milford Dock and Marina, base of Wales’ largest fishing port. Planning approval for a wholesale redevelopment of the area was secured in 2015, paving the way for further investment and modernisation.

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