Mersey into the red
13th April 1979, Page 21
13th April 1979
Page 21
Page 21, 13th April 1979
— Mersey into the red
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MERSEY DOCKS and Harbour Company went into the red last year, mainly as a result of declining general cargo traffic.
Its annual figures show that it ended last year with a pre-tax deficit of £1.47m, compared with a profit of £4.1m in 1977.
The lorry drivers' dispute in January of this year is expected to hit the next set of figures. It is estimated that the strike cost the port £1m in diversion of trade, fallback payments to dockers and waiving of charges.
The port's bulk and container section, the Royal Seaforth Terminal, showed improved results, but break-even point has still to be achieved on container traffic.