Tyneside's Port of Tyne report record profit
- 11 May 2011
- From the section Tyne & Wear
Workers at one of the UK's major deep sea ports will benefit after profits almost doubled in 2010.
Turnover at the Port of Tyne reached £45.5m and bosses say its 450 workers will now receive a share.
A port spokesperson said bulk cargoes and container traffic had played a large part in the improved figures.
The port was used to bring the first of Nissan's electric cars, the Leaf, into the north-east of England from Japan in February.
Each of the port's workers will be paid an extra 2% of their salary as a bonus for this year.
Its level of earnings were up by 45% on 2009.
Port of Tyne's Andrew Moffat said: "Increased activity levels has led to our doubling in profits.
"I think it's only right in this day and age that we are able to share in that performance."
A study by independent consultancy firm ARUP in 2010, said the port was worth £421m to the economy of the north-east of England.