News
Port’s report shows £3m fall in profits and fewer shipments
THE PORT OF MILFORD HAVEN has published its 2017 Annual Report and Accounts, revealing a £3m fall in profits alongside a 2.8m tonne decrease in throughput for the year.
The Port feels this was due mostly to the ongoing volatility in the Liquefied Natural Gas industry which saw record low shipments in 2017, and in part to an additional £1m pension service charge due to changes in long term interest rates.
The report also records an increase in the number of employee concerns and incidents over the past year, with the Port suggesting this is merely a result of the updated complaint mechanism.
To illustrate the volatility of the Gas Industry, in 2011 the port handled 126 LNG vessels. In 2013 this had fallen to 54, rising again to 91 in 2015, before falling to a low of 36 in 2017-just over one quarter of the throughput in 2011.
This volatility is driven by the differential in the price of wholesale gas in the UK market compared to other markets such as the Far East and Latin America.
This is not due to Brexit, nor low oil prices, but is due to the balance of supply and demand in the gas wholesale markets, not only in the UK, but also across the globe.
The global market for LNG is heavily influenced by the regularly fluctuating price, with increased demand in locations such as China and India seeing it sold there rather than being transported to Milford Haven.
In 2016’s report, the Port recorded a 26% reduction in the volume of LNG handled and they had anticipated this headline trade being substantially lower again in 2017.
Chris Martin, Chair of Board conceded that the significant reduction in LNG activity supports the need to diversify the Port’s revenues into new areas of business, reducing the impact of oil and gas market influences or the loss of a major customer.
A major investment was completed last year which saw the acquisition of Havens Head Retail Park. The retail park will complement the Port’s extensive property portfolio and become a key part of the Milford Waterfront development, creating close to 600 new jobs in Milford Haven. The first construction element is now underway.
Pension costs in 2017 were, at £2.3m, nearly £1m higher than in the preceding year. This additional charge taken through the profit and loss account is based on a technical calculation driven by accounting standards of the true annual cost to the port of funding pension obligations.
The calculation is highly dependent on current long term interest rates which reduced significantly in 2016 and which led to the £6.6m reversal of the Port’s scheme into a 10% deficit position shown in 2016’s accounts.
The accounting entries serve to underline why, in terms of employee benefits, it is now almost universally the case that businesses have moved substantially towards offering defined contribution schemes only.
The Port’s policy is to provide employee pay and benefits in line with the median market and therefore it is currently consulting on a move to a defined contribution scheme for new employees.
In the past year the Port has set up an Assurance Framework (AF) to provide a mechanism for reporting incidents, near misses and concerns, whether they are minor or major in nature.
Employees are encouraged to submit AF reports, which resulted in the number rising from 247 in 2016 to 318 in 2017.
During the year the number of near misses fell from 81 to 20, concerns increased from 67 to 124 and incidents rose from 99 to 174.
The Port were however able to record zero lost time accidents in 2017.
News
£15m boost for nature recovery across Wales
Projects to protect wildlife, restore habitats and strengthen biodiversity
TWENTY-EIGHT projects across Wales have secured more than £15 million to protect wildlife and restore biodiversity on land and at sea.
The funding, totalling £15,186,716, has been awarded through the Nature Networks Fund, with individual grants ranging from £50,000 to £1 million. Projects include efforts to protect the brown long-eared bat, restore vital wetland habitats and safeguard threatened plant species.

The scheme is delivered by the Heritage Fund on behalf of the Welsh Government, in partnership with Natural Resources Wales (NRW). It aims to strengthen the resilience of protected sites and accelerate nature recovery across the country.
Deputy First Minister Huw Irranca-Davies, who holds responsibility for climate change, said: “This significant investment demonstrates our ongoing commitment to international targets such as 30by30, increasing the scale and pace of delivery to protect Wales’s natural heritage.
“By supporting these projects, we are not only preserving precious ecosystems but also empowering communities to become stewards of their local environments. The Nature Networks Fund is a crucial tool in our response to the nature emergency.”

The latest round of funding will focus on improving connectivity between protected sites, creating stronger ecological networks where habitats and species can thrive and adapt to environmental pressures.
Since launching in 2021, the Nature Networks Fund has supported 147 projects with a combined investment of more than £54 million.
Among the successful projects, the Bat Conservation Trust has been awarded £249,630 for a Wales-wide initiative to protect the brown long-eared bat, often known as the “whispering bat”. The project will support woodland management, tree roost surveys, improved data collection and community engagement activities.
The National Botanic Garden of Wales has secured £823,320 to safeguard vulnerable plant species. The funding will expand the National Seed Bank of Wales, which currently conserves just 11% of Welsh flora, and support improvements at the 150-hectare Waun Las National Nature Reserve.
Meanwhile, wetland charity WWT will receive £548,406 to restore habitats at WWT Llanelli and along the Tir Morfa coastline. The project aims to improve conditions for wildlife, including internationally important wintering birds, while also supporting climate resilience in the wider Burry Inlet.
Andrew White, Director of Wales at the Heritage Fund, said: “To protect Wales’ habitats and wildlife, we need long-term, sustainable action built on genuine collaboration. These awards reflect both the scale of ambition behind the Nature Networks Fund and the vital role communities play in creating a more resilient future for nature.”
Mary Lewis, Head of Natural Resources Management and Policy at NRW, added: “We are delighted to see such a strong range of high-quality projects receiving support. From marine and coastal environments to rivers, wetlands and terrestrial habitats, the breadth of ambition across Wales is inspiring.
“These initiatives use innovative approaches to tackle some of our most pressing nature and climate challenges, helping to maintain, restore and enhance protected sites while building resilient ecological networks.”
The programme forms part of the Welsh Government’s commitment to the Global Biodiversity Framework “30 by 30” target, which aims to protect and effectively manage 30% of land, freshwater and marine environments by 2030.
Below is a full list of projects being funded.
£50,000 – £250,000 grants:
- Pembrokeshire Coastal Forum Community Interest Company awarded £249,584, Pembrokeshire
- Merthyr Mawr Estate awarded £249,929, Bridgend
- Fieldwork Studio CIC awarded £248,414, Bridgend
- Carmarthenshire County Council awarded £209,950, Burry Port
- Royal Society of Wildlife Trusts awarded £249,898, Bangor
- British Trust for Ornithology awarded £249,968, Bangor
- Denbighshire County Council awarded £247,225, Mold
- The Penllergare Trust awarded £194,600, Swansea
- Botanical Society of Britain and Ireland awarded £249,988, Welshpool
- Cyngor Gwynedd awarded £250,000, Caernarfon
- Zoological Society of London awarded £249,991, Isle of Anglesey
- Friends of the Upper Wye awarded £174,633, Hay on Wye
- The Bat Conservation Trust awarded £249,630, Ceredigion
- Tir Natur awarded £222,030, Ceredigion
- Llanymynech Golf Club awarded £249,998, Oswestry
£250,000 – £1million
- Milford Haven Port Authority awarded £959,180, Pembrokeshire
- The National Trust for Places of Historic Interest or Natural Beauty awarded £998,766, Bangor
- The Wildfowl & Wetlands Trust awarded £548,406, Wales-wide
- Black Mountains Land Use Partnership awarded £995,152, Black Mountains
- The Radnorshire Wildlife Trust awarded £952,350, Powys
- The Zoological Society of London awarded £997,771, Llŷn Peninsula
- The National Botanic Gardens of Wales awarded £823,320, Carmarthenshire
- Monmouthshire County Council awarded £999,974, Gwent
- The Wildlife Trust of South and West Wales awarded £926,905, Wales-wide
- Vale of Glamorgan Council awarded £574,850, South Wales
- Brecon Beacons National Park Authority awarded £999,758, Brecon Beacons
- Game and Wildlife Conservation Trust awarded £921,700, Powys
- Welsh Dee Trust awarded £942,746, Denbighshire
News
Police confirm man has died after being recovered from River Cleddau
Major emergency response in town centre after concerns raised for man in water
A MAN has died after being recovered from the River Cleddau in Haverfordwest today (Tuesday, Mar 17), Dyfed-Powys Police have confirmed.
Emergency services were called at approximately 10:50am following reports concerning the safety of a man seen in the water near the town library.
A major multi-agency response was launched, involving multiple police units, several fire engines, a specialist water rescue team, and an ambulance.

The town centre was temporarily sealed off while crews dealt with the incident, with access restricted across the Old Bridge and nearby pedestrian crossings.
The Herald understands that members of the public raised the alarm after spotting the man in the river.
Following the recovery operation, the man was taken to hospital by ambulance.
Police have since confirmed that he has died.
His next of kin have been informed.
The death is not being treated as suspicious, and HM Coroner has been notified.

Community
Davies and Kurtz urge groups to seek employability funding
Community organisations in Pembrokeshire encouraged to apply for new grants supporting skills and job access
LOCAL Senedd Members Samuel Kurtz and Paul Davies are urging charities and community groups across Pembrokeshire to apply for a new round of funding aimed at helping people gain skills and access employment.
The latest round of the National Grid Electricity Distribution (NGED) Community Matters Fund has opened, offering grants to grassroots organisations supporting people who are struggling to find work or return to employment.
Delivered in partnership with Localgiving, the spring funding round will distribute £250,000 to projects designed to build skills, confidence and experience in an evolving jobs market.
Funding can support initiatives such as CV workshops, interview coaching, work placements and training opportunities. Projects helping people develop practical skills in sectors including construction, engineering, digital industries and clean energy are also eligible.
The fund is targeted at those facing barriers to employment, including young people not in education, employment or training, individuals with health conditions or disabilities, armed forces veterans, people from ethnic minority backgrounds, and those returning to work after time away due to caring responsibilities or illness.
Registered charities and non-profit companies limited by guarantee can apply for grants of up to £5,000. Constituted community groups without a charity number can apply for up to £2,000.
The funding is available to eligible organisations across the Midlands, South West England and South Wales.
Samuel Kurtz said: “This fund offers a valuable opportunity for local groups to secure support to help people gain confidence, training and work experience. I would encourage any eligible organisation in Pembrokeshire to consider applying.”
Paul Davies added: “Helping people into work and supporting them to develop new skills is vital for both individuals and our local economy. Pembrokeshire has many excellent community groups delivering this kind of support, and I hope they will take full advantage of this funding to expand their work.”
The application window opened on Monday (Mar 16) and closes at 5:00pm on Thursday (Apr 23). Successful applicants will be notified in May, with funding distributed later that month.
Further information is available via the National Grid Electricity Distribution Community Matters Fund website.
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