Associated British Ports recently announced an additional investment to boost facilities at its Port of Hull, bringing the group’s total investment to £250 million since the EU referendum in 2016.
It claims that this programme of investment demonstrates the group’s commitment to keeping Britain trading with Europe and the rest of the world after Brexit. ABP is actively working to support businesses anxious about the event of a No-Deal Brexit and the potential severe disruption this may cause at the Port of Dover. ABP’s container and ferry facilities on the Humber are claimed to be capable of helping businesses bypass such disruption, providing regular and reliable links to Europe. Over 70 sailings every week connect the Humber to a number of destinations including Belgium, the Netherlands, Denmark and Poland.
Investment highlights include: £50 million to boost capacity at its container terminals at ABP’s ports of Hull and Immingham; £65 million to protect the steel industry on the river Humber; £55 million to enhance the automotive and cruise offering in the Port of Southampton; and a range of other investments throughout its network of 21 ports across England, Scotland and Wales.
Henrik Pedersen, Chief Executive Officer of ABP, said: “For ABP, ‘keeping Britain trading’ is a responsibility that we are passionately committed to. We are continuing to invest in our people, equipment and capability, so that we have the flexibility and resilience we need to help UK trade to flow and grow. We have already seen volumes begin to rise at our ports on the Humber as customers look for alternatives to Dover. Our ports have been operating to worldclass standards for many years, we have proved that we are ready to handle new customers’ requirements.
“We want to send a strong message that ABP stands ready to keep Britain trading through Brexit, and we will continue to invest to drive trade and create jobs over the longer term.”
ABP is an important component in the UK’s trading infrastructure, handling almost £150 billion of UK trade across its port network, contributing around £7.5 billion to the UK economy and supporting almost 120,000 UK jobs across its supply chains. In addition, it has a vast landbank surrounding its ports, which provides ample room to grow and enhance operations