According to a new report by independent consultants Arup, of those totals, ABP’s South Wales port activity contributes almost £1bn directly into the Welsh economy and supports 15,000 jobs in the region.
The five South Wales Ports handle more than 12mn tonnes of cargo every year:
- Newport is the UK’s second largest steel handling port;
- Port Talbot handles around 2.5mn tonnes of coal and 5.5mn tonnes of iron ore every year;
- Barry handles large quantities of liquid bulks for local industry, including silicon manufacturers Dow Corning;
- Cardiff operates Wales’ only container line, supporting access to world markets;
- Swansea handles cement, minerals, agribulks, aggregates and sand.
ABP is investing heavily to develop the business. In Newport, ABP has invested around £10mn in the past 18 months on projects ranging from a wind turbine to a crane and new covered storage and ABP has invested £1.7mn in Barry in a new intermodal terminal.
ABP said: “In Cardiff, our investment of nearly £3mn in a new storage and handling facilities, helped secure the arrival of a new manufacturing business in Wales. Steel tubing specialist, HDM Tubes, invested several million pounds alongside our new facilities, creating 35 jobs with more anticipated as production increases.
“It is expected that ABP’s planned investment programme will raise our ports’ contribution to the Welsh economy by a further £92m every year.” ABP is also investing in renewable energy assets at its South Wales ports to decarbonise the electricity supply-base and improve the competitiveness of the ports.