Port charts course to growth with 'impressive' results

A North East maritime hub has reported its strongest financial performance in a decade after securing major contract wins and strengthening its position in offshore wind, automotive and clean energy.

The Port of Tyne recorded revenue of £70 million in 2025, up five per cent on the previous year, while EBITDA rose 11 per cent to £18.6 million and adjusted profit before tax increased 48 per cent to £6.5 million. 

Bosses say the results were driven by strong performance across automotive, bulk cargo and offshore wind operations.

Key achievements included securing a contract supporting Ørsted’s Hornsea 3 offshore wind development through marshalling operations with Cadeler, renewing a long-term partnership with Volkswagen Audi Group and welcoming landmark cruise calls from Borealis and Ambience.

Alongside its commercial success, the port signed a Memorandum of Understanding to establish a North East Ports Partnership, expanded its 2050 Maritime Innovation Hub and Venture Connect programme, as well as agreeing a collaboration with Hitachi and the North East Mayoral Strategic Authority to advance plans for a clean e-fuels hub.

The organisation also reduced carbon emissions by 65 per cent over six years and received two national sustainability awards.

Matt Beeton, chief executive of the Port of Tyne, said: “2025 was an impressive year and showed how the port has evolved from its coal-focused activities to continued success in new areas like offshore wind, green technology and automotive.

“Securing the Hornsea 3 contract further enhances our established position in the offshore wind market. 

“The development pipeline has been recently expanded by the addition of the 6 GW North East development area. 

“In response to the substantial potential this represents for the region, we are advancing plans for a proposed £150 million extension of Tyne Clean Energy Park. 

“This will establish the River Tyne as a central hub in the UK’s energy sector for decades to come.”

Matt also expressed gratitude to Lucy Armstrong, the outgoing chair of the board, adding: “With the conclusion of Lucy’s third term as chair, I want to thank her for her leadership and the enduring impact she has made on the continued success of the Port of Tyne.”

The Port of Tyne’s 2025 Annual Report can be found here.

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