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London trade down but prospects are bright
[ January 30, 2013 // Chris ]Total trade through the tidal Thames fell by 10% to 43.7 million tonnes during 2012, but there were increased volumes of containers, the Port of London Authority (PLA) announced. The main reason for the 5.1 million tonne reduction in traffic was the closure of the Coryton oil refinery at the end of May. PLA chief executive, Richard Everittsaid that during 2013 Coryton would re-open under new owners as an oil products import facility, the London Gateway container port will open, work will be well underway at the Port of Tilbury’s London Distribution Centre and Stolt Neilsen will be developing a facility at Dagenham, in addition to major contracts such as Crossrail.