The port, which is situated in south Wales, said turnover was up by around £500,000 on 2013, at just over £23m.

It described the results as “a good performance in what was a challenging year for the local economy, and evidence that its diversification strategy is bearing fruit”.

“The ending of refining operations at Murco, and the consequent reduction of cargo volumes, the core source of revenues paid to the Port of Milford Haven, was offset by increased LNG shipments,” it said.

During