UK-based port operator Peel Ports has formed a long-term strategic partnership with specialist materials and equipment management provider ASCO to support its future sustainability.

The 12-year partnership aims to support the energy sector in the Great Yarmouth area in the UK.

As part of the collaboration, both the companies intend to help the existing customers and attract new ones to the port by providing additional flexibility to meet the demands of the oil and gas, renewable energy, and decommissioning companies based in Great Yarmouth.

The partnership is scheduled to officially commence from January and will allow ASCO to operate two additional berths at Peel Ports’ Great Yarmouth facility.

The alliance is also expected to create long-term jobs as it will attract new business to the region.

“Peel Ports has made a series of significant infrastructure investments, which has enabled exponential growth.”

Peel Ports Great Yarmouth port director Richard Goffin said: “Through working with ASCO, we will be able to harness the enormous potential that Great Yarmouth has as a key base for oil and gas, renewable energy and decommissioning operations.

“We will bring together the best-in-class expertise and facilities to promote further collaboration, diversify offerings and services offered by both companies and ensure a solid foundation for continued growth and investment at Great Yarmouth.

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“Since taking ownership at Great Yarmouth in 2015, Peel Ports has made a series of significant infrastructure investments, which has enabled exponential growth.”

Peel Ports Group signed a memorandum of understanding (MoU) with ASV Global in April to support the use of autonomous vessel technology across various ports in the UK.