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Stena Line inks £100M deal with ABP for Immingham terminal
Stena Line has entered into an agreement with UK port operator Associated British Ports (ABP) to jointly develop a new freight terminal at the Port of Immingham on the east coast of England
The £100M (US$136M) agreement will see the Swedish ferry company operate the new terminal for the next 50 years. It is a major long-term commitment at Britain’s busiest port complex where freight on routes to and from the EU have been booming since Brexit.
Stena Line’s ferry operations include 18 routes, and 37 vessels operating between 13 countries across northern Europe. It currently runs four daily freight services from Humber to the Netherlands and demand is set to grow in the coming years.
2021 saw Stena’s North Sea routes moving record levels of freight, including a 28% year-on-year increase in unaccompanied freight.
Stena Line chief executive Niclas Martensson said, “We are pleased to announce we will now take the next steps in the strategic vision for our routes between the UK and Continental Europe. Our freight levels are at record levels and are continuing to increase, so we want to build on this success and provide additional services to our most important business needs, those of our customers, with the development of a brand new terminal and berths at the Port of Immingham.”
At the start of the year, Stena Line relocated its Rotterdam freight service to the ABP-operated Port of Immingham.
With freight levels growing, Stena Line is looking to add capacity and expand operations at Immingham. That requires a long-term commitment with access to the main Humber Estuary to gain access to quicker sailing times and potentially using larger vessels to cater to increased freight demand from exporters and importers from across the region and the rest of the UK.
The proposals outline the relocation of Stena Line’s current Immingham freight operations to a new site, adjacent to Immingham Outer Harbour, where ABP will develop a new purpose-built terminal facility.
ABP Humber director Simon Bird said, “We’re delighted to welcome this new deal with Stena as it underlines that ABP in the Humber is continuing to go from strength to strength.”
“Our track record in recent years of investing in new infrastructure is making the Humber the place to be for trading links between the Midlands and North of England to the rest of the world.”
The port operator has previously invested £50M (US$68M) to expand the complex in the wake of Brexit to double the capacity of the container terminals at Hull and Immingham and now intends to submit an application for a Development Consent Order to the Secretary of State for Transport with a view of making the new terminal facilities operational by 2025.
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