Port of Tyne has record profits for third year

The Port of Tyne Credit: Port of Tyne

The Port of Tyne has announced record profits for the third year in a row. It has broken its own records with year on year growth since 2009. Turnover increased to a record £63 million.

A visiting cruise ship in the Port of Tyne Credit: ITV News

Bosses say an estimated £54 million has been brought to the region thanks to the growth of cruise and ferry passengers using the Port's International Passenger Terminal.

A view of the Port of Tyne from a visiting cruise ship Credit: ITV Tyne Tees

Cargo volume has almost doubled since 2009. Expansion plans announced earlier should create 1200 jobs.