Private profit, public loss: The financial and economic performance of U.K. ports

Richard Saundry and Peter Turnbull

Maritime Policy & Management, 1997, vol. 24, issue 4, 319-334

Abstract: When compared to the publicly owned ports, the financial and economic performance of the U.K.'s privatized ports has failed to live up to expectations. Any improvement in service to port users in recent years has arisen from employment deregulation (the abolition of the National Dock Labour Scheme) rather than privatization, while the sale of public ports represents a significant loss to the taxpayer and other stakeholders. Based on a detailed comparison of public and private ports, the propriety of further port sales is questionable, and the current ownership, administration and operational structure of the U.K.'s port transport industry should reconsidered.

Date: 1997
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DOI: 10.1080/03088839700000041

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