Today, the results of over a decade of development and £120 million of investment has culminated in the Port becoming one of the UK's major deep-sea ports - a vital trading gateway to world-wide markets.

 

Once world-renowned for coal exports the Port of Tyne has diversified in recent times to ensure it can keep pace with the global economy and its customers' varying needs. It is now one of the UK's largest car exporters and one of the largest handlers of wood pellet in the world.

The Port has five commercial Business Areas: Conventional and Bulk Cargoes, Car Terminals, Cruise and Ferry, Logistics, and Estates.

The Conventional and Bulk Business Area has benefitted from infrastructure development and major river dredging so that the main Riverside Quays can now handle 86% of the world's largest cargo ships.

The Logistics Business Area offers customers an integrated package of container handling, warehousing and distribution. Goods handled through the container terminal include retail products, parts for manufacturing and almost a third of the UK's tea imports.

The Port of Tyne's three car terminals were developed by the Port to support the growing automotive sector and in particular provide Nissan, based at nearby Washington, with the most efficient route to market for its products. Other imports and exports are handled for VW and other manufacturers through a transhipment terminal.

The Port's Estates business manages a growing portfolio of commercial properties and land holdings with over 100 business tenants and also offers property development opportunities.

In terms of GVA, in 2015 the Port of Tyne added £710m to the regional economy of the North East supporting 14,000 jobs directly and indirectly.

The Port has undergone a cultural as well as commercial transformation. It has achieved national quality standards for Investors in People recently attaining Champion status, and has achieved internationally recognised standards for health and safety and environmental practices, and introduced a profit share scheme for all employees.

The Port takes its responsibility to the community seriously and recently announced a commitment to contribute 1% of profit to a community action fund on an ongoing basis. In addition the Port plays an active role in the region and national business life, and supports many community events, business and cultural institutions.

 

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