Associated British Ports (ABP) has announced plans to invest £15m in their new container terminal at the Port of Hull.
The investment includes the installation of two new Liebherr gantry cranes worth £10m and other equipment at the terminal including a fleet of 21 reach stackers, tractors and trailers.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Located on the north bank of the Humber Estuary and 20 miles away from the North Sea, the Port of Hull the UK’s leading softwood timber port and plays an integral part in the Humber area’s renewable energy sector.
The Port of Hull specialises in handling forest products and a range of bulk commodities housing the UK’s first fully-enclosed cargo-handling facility catering to weather-sensitive cargoes such as steel.
ABP assumed the responsibility of the port in May and will continue to service the terminal’s customer, Samskip.
ABP Director Humber Simon Bird said: "The opportunity arose for ABP to run the terminal when our agreement with PD Ports came to an end. We already run a very successful container operation in Immingham, so it made sense for us to look to operate the Hull terminal too.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"The transition has been a smooth one and many of the terminal’s existing employees are now part of the ABP workforce. We are looking forward to running a successful operation and exploring new business opportunities in order to maximise the value of ABP’s latest terminal investment."
The current port operator has invested in new infrastructure, equipment and has retained 39 staff from previous operator, PD Ports.
The 30-acre operation handles more than 9,000 containers every month and discharges vessels from Rotterdam, Tilbury and Grangemouth.
Image: ABP to invest in Hull container terminal. Photo: courtesy of Associated British Ports.
