Mersey Docks & Harbor Not Intimidated by Recession
The slowdown in the U.S. economy may be weighing on British industrial production, but ports operator Mersey Docks & Harbor Company expects to avoid the dark clouds of recession. "We have as yet not experienced any impact from the perceived slowdown in the North American market," Chief Executive Peter Jones reportedly said. The company expected instead to see year-on-year growth in cross-Atlantic traffic. Mersey Docks has about a 25 percent share of the U.S.-UK market in container traffic. "In the early months of this year we are continuing to see strong growth," Jones said. The two main areas of development would be RoRo traffic and fresh produce, handled at the company's docks in Sheerness, southeastern England.