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Swansea casts its net wide to fill BP's gap.

Europe Intelligence Wire

| November 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Lloyds List)

ALTHOUGH Associated British Ports saw steel exports double last year through the ports of Swansea and Newport, Swansea continues its struggle to recover from BP's decision to stop importing and exporting chemicals through South Wales.

However, new business has come from exports of Welsh logs to Finland, under an agreement with Finnish paper giant UPM-Kymmene Ltd to export 'significant volumes' of timber from local forests on 3,000 tonne vessels, says Swansea and Port Talbot deputy port manager, Peter O'Brien.

'We hope that a second company will export Welsh logs out of Swansea in the next few months, and this will boost our volumes in 2005,' Mr O'Brien says.

'This year, we have also attracted new business with EGL Carbon Ltd, which is importing coal from Russia to supply Corus and other local companies, with shipments of some ...

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