Present Day
The canal was completed just as the Long Depression was coming to an end, but it was never the commercial success its sponsors had hoped for. Many ship owners were reluctant to dispatch ocean-going vessels along a "locked cul-de-sac" at a maximum speed of 6 knots (11 km/h; 6.9 mph). The Ship Canal Company found it difficult to attract a diversified export trade, which meant that ships not uncommonly had to return down the canal loaded with ballast rather than freight. The only staple imports attracted to the Port of Manchester were lamp oil and bananas, the latter from 1902 until 1911. As the import trade in oil began to grow during the 20th century the balance of canal traffic switched to the west, from Salford to Stanlow, eventually culminating in the closure of the docks at Salford. Historian Thomas Stuart Willan has observed that "What may seem to require explanation is not the comparative failure of the Ship Canal but the unquenchable vitality of the myth of its success".
Unlike most other British canals, the Manchester Ship Canal was never nationalised. In 1984 Salford City Council used a derelict land grant to purchase the docks at Salford from the Ship Canal Company, rebranding the area as Salford Quays. Principal developers Urban Waterside began redevelopment work the following year, by which time traffic on the canal's upper reaches had declined to such an extent that its owners considered closing it above Runcorn. In 1993 the Ship Canal Company was acquired by Peel Holdings; as of 2011 it is owned and operated by Peel Ports, which also owns the Port of Liverpool. The company announced a £50 billion Atlantic Gateway plan in 2011 to develop the Port of Liverpool and the Manchester Ship Canal as a way of combating increasing road congestion. Their scheme involves the construction of a large distribution centre to be named Port Salford and an additional six sites along the canal for the loading and unloading of freight. Peel Ports predict that the number of containers transported along the canal could increase from the 8000 carried in 2010 to 100,000 by 2030.
Read more about this topic: Manchester Ship Canal
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