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Cargo Movements In Decline At Port Of Belfast

by Robin Pilgrim, LawAndTax-News.com, London

19 February 2009

Cargo movements through the Port of Belfast declined by 5.5% in 2008, it has been announced.

At the end of 2008, total cargo traffic registered 16.5m tonnes - the lowest figure since 2002.

Data released by the Belfast Harbour Commission revealed that the construction industry took the brunt of the decline, with timber and steel imports dropping by 38% and 21% respectively. Further to this, oil and container traffic both registered a 5% decline.

Despite this, increases in other areas of shipping have been noted, with imports of scrap metal up 8.6% and fertilisers up 5%. A 4% rise in stone trading was also recorded.

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