Financial Times FT.com

Port of Tyne: Safer harbour in an economic storm

By Andrew Baxter

Published: February 26 2009 15:57 | Last updated: February 26 2009 15:57

Running a company is often likened to steering a supertanker through uncertain waters but, for Andrew Moffat, it is more like captaining a flotilla of five very different vessels. If one runs into difficulties, it should not hold the others back and the flotilla can stay on course.

That is the theory, anyway: “In normal circumstances, with this base, we are in a good position,” says Mr Moffat, chief executive of Port of Tyne. “Our strategy is continued diversification in business sector and customer base.”

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