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Streamline benefits from Shetland oil and gas investment

08 Aug 2013
A Scottish transport group is set to benefit from the boom in oil and gas investment in Shetland this year, after enjoying a surge in profits helped by public sector investment in Orkney.

Streamline Shipping Group’s experience provides further evidence of how record levels of investment by oil and gas firms are helping fuel growth in other sectors across Scotland.

Managing Director, Gareth Crichton said the group has recorded a big increase in demand for the shipping services it provides between the mainland and Shetland in connection with the new gas terminal that is being built next to BP’s giant plant at Sullom Voe.

Oil and gas industry work has also led to a big increase in demand for Streamline’s haulage services to transport goods around the Shetland islands.

The company's pre-tax profits grew to £613,000 in the year to December from £70,000 in the preceding period. Turnover increased to £26m from £21.5m.