Stena Line and Associated British Ports sign EURO 100M deal for new ferry terminal at the Port of Immingham
Swedish ferry company makes a major long-term commitment to Humber with a 50 year lease
Stena Line and Associated British Ports (ABP) have entered into an agreement to jointly develop a new freight terminal at the Port of Immingham in the Humber region. The £100M agreement will see the Swedish ferry company operate the new terminal for the next 50 years. It is a major long-term commitment and boost for the region, where freight on routes to and from the EU has been booming since Brexit.
Stena Line is one of the largest ferry operators in the world with 18 routes, and 37 vessels, operating between 13 countries across Northern Europe. It currently runs four daily freight services from the Humber to The Netherlands. These important services are now in greater demand than ever before and are expected to increase further. 2021 saw their North Sea routes moving record levels of freight, this included a 28% year-on-year increase in unaccompanied freight.
At the start of the year Stena Line relocated its Rotterdam freight service to the Port of Immingham, the largest port in the UK by tonnage, which is owned by ABP. The move has allowed the company to become the provider of both the terminal and shipping operations, which has resulted in improved benefits and expanded services to its significant freight customers in the region.
With freight levels continuing to grow for the company, Stena Line needs to add capacity and expand its operations at Immingham. It requires a long-term solution that has access to the main Humber Estuary. This would allow for quicker sailing times and the option to use larger vessels to cater for 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. The proposals will allow the company to further expand its services by providing increased freight capacity for its customers. It is a significant infrastructure development for the region.