Performance against strategic benchmarks

A strategic review of Shoreham Port was completed after the appointment of the new Chief Executive. The review reaffirmed the policy that no port operational land should be given over to non-port related activity. It also redefined roles, responsibilities and working practices throughout the organisation, most of which were implemented during the year.

The board has approved a number of business objectives, against which Shoreham Port’s management team can measure its performance.These objectives are:

• Strategic objectives for the Port will be set by the strategic review, however, the following commitments have been set for 2007.
• To maintain a volume throughput at or above the current tonnage levelsTo invest £3.6 million in further development of the Port’s infrastructure
• To complete the implementation of a new Management Information System
• To refurbish the Customs House to become Shoreham Port’s new headquarters building
• To explore opportunities for the North Canal Bank redevelopment

Port security

The board and management team of Shoreham Port are fully aware of the importance of maintaining a high level of security.

The Port hosts oil storage facilities and a wide range of commercial activities and therefore strategies are in place to ensure that security meets and exceeds the ISPS code requirements.

Shoreham Port is also complying with the new International Maritime Organisation (IMO) and European maritime security requirements that were introduced after 9/11.