Financial Times FT.com

Fortunes ebb and flow at northern ports

By Chris Tighe and Andrew Bounds

Published: July 26 2009 23:15 | Last updated: July 26 2009 23:15

A short stretch on the south bank of the river Tees exemplifies the roller-coaster ride the east-coast ports of the north of England are experiencing during the recession.

This land is part of Tees­port, the UK’s third-biggest port by tonnage, and has been chosen by MGT Power as the site for one of the world’s largest biomass plants, a £500m, 295MW colossus given the go-ahead this month.

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