Milford Haven hit by LNG losses

Traditionally a key revenue earner for the port, a 45% drop in LNG shipments hit the port’s bottom line. Net profits before tax fell from £8.1m to £4.2m.

Port chairman David Benson said: “The Port will always be susceptible to energy market fluctuations which is why we are continuing to diversify and make the most of opportunities for investment in activities more within our control.

“During 2012 we focused primarily on investing in our sites at Pembroke Port and Milford Dock and actively pursued opportunities to be involved in the wind, hydro and biomass sectors of the renewable energy economy.”