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Bay Developments: 
As a trust port, Peterhead Port Authority reinvests all of its profit into Peterhead Bay and Harbour. During recent years several major capital investments have been made. The proven track record of making strategic investments to secure the long-term future of the port will be maintained in coming years. Recent investments and those which will be completed by the end of the century total over 8 million and include:

1993/4
Construction of Princess Royal Jetty providing 3 additional berths for oil related and bulk cargo vessels in response to increasing traffic volumes.
Construction of Peterhead Bay Marina providing purpose built facilities for the leisure sailor.

1996
Assisting ASCo with the provision of improved fendering along the South Base Quay.
A trial section of wave wall, measuring 60 metres long and 4 metres high was installed at the root of the North Breakwater.
A new, enlarged control tower for provision of vessel traffic advisory and Pilotage services was provided jointly with Peterhead Harbour Trust.
Procurement of equipment to allow in-house seabed surveys to be undertaken and results processed to produce prompt production of depth charts in response to clients' enquiries.

1997
Four Yokohama fenders were procured for deployment at the North or South Breakwaters.
Berth 1 was dredged to 6.5 metres Chart Datum to accommodate deeper draughted vessels.

1997/98
Expansion of Peterhead Bay Marina by provision of a second protective breakwater and installation of additional 58 pontoon berths - partly financed under the European Union "PESCA" scheme.

1998
Joint provision with ASCo of an additional 2,500 tonne capacity fresh after storage tank and upgraded delivery system to improve vessel bunkering rates at the South Base Quay and Princess Royal Jetty. This investment ensures that those vessels requiring large volumes of fresh water are not delayed due to reduced loading rates which previously occurred when several vessels were loading simultaneously.

1998/99
Construction of a protective wave wall along the seaward edge of the North Breakwater in a £1.1 million investment funded by the Authority with assistance from a European Union "PESCA" grant. This structure has historically been subject to closure during overtopping seas. The trial section of wave wall will be extended along the complete length of the structure. The wave wall has been engineered to allow use of the large capacity cranes for heavy lift operations. When complete the wall will eliminate overtopping seas. This will provide existing and potential clients with significantly greater confidence that planned cargo handling operations at the berths can be completed without disruption caused by sea and swell conditions.

2001
Opening of fully chilled, purpose built 24 hour fish market.

2006
Historic joining of Peterhead Harbour and Bay Authority to become Peterhead Port Authority.
Peterhead fish landings total £107 million - highest white fish and (for the first time) pelagic fish landings in UK.

2007
Opening of new office extension at West Pier, Peterhead.

2008
Commence development of Smith Embankment Development; a £32 million project to create a new 650ft quay and a 328ft breakwater extension to Albert Quay.