Associated British Ports (ABP) has announced a major agreement with terminal operator Thor Shipping and Transport, which has committed to a further ten years at the Port of Hull.
According to a statement, ABP has invested US$7.7 million in Thor’s ten-acre leased terminal, facilitating a substantial improvement in infrastructure and the addition of 2.5 acres of container storage space.
In March 2019, a hybrid mobile harbour crane from Liebherr worth $4.5 million will also arrive, bolstering eco-friendly operations at the Port of Hull.
Since July 2014, Thor has trebled its tonnage through the two-berth terminal on King George Dock, welcoming a regular container and breakbulk service from its own short sea operator Sunline.
The service connects the UK with the east coast of Sweden twice a week, as well as covering vessels travelling three times a week between Hull and Zeebrugge.
Chris Green, ABP Port Manager for Hull and Goole, said: “The key to realising our potential and helping our valued customers to grow, is ensuring that we continually work closely with them and support their future aspirations.
“This agreement shows that both ABP and Thor are confident in committing to support the Humber region for a substantial amount of time, so much so, it’s double the length of the previous contract agreed in 2014.”
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ABP has also invested recently in other areas at the Port of Hull, including the installation of LED-efficient mast lighting, new heavy-duty paving, and the demolition of a building to make way for further container storage.
Thor expects 2019 to be its strongest year yet, with an overall throughput of 1 million tonnes of cargo predicted.
Thomas Bryan, Managing Director of Thor Shipping and Transport, also commented: “Throughout the years we have gone from strength-to-strength and it’s great to see that ABP recognises this by heavily investing into our terminal.
“Our future is bright and we look forward to continually building upon our international trade and transport links, helping to put the Humber on the map as a key gateway for trade. It will enable us to realise and sustain future growth opportunities.”