The hon. Gentleman cannot pick out an odd item and say that it is currently profitable, because as the chief executive told all PLA employees:
The PLA is in financial crisis.
That is no understatement. That letter was written on 17 May, and the tragedy is that a third of the traffic that went to the Port of London and Tilbury has now gone elsewhere. The situation is extremely grave. We have given no fresh directions to the chief executive or the chairman. We are trying to see how this grave situation can be tackled sensibly.