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New Asian client for up-for-sale Teesport

New Asian client for up-for-sale Teesport

London: PD Ports-owned Teesport in the North east of England has welcomed the addition of a new Feederlink service from Rotterdam, connecting with Evergreen's weekly shipping services from the Far East.

Shipments will include deliveries to the new 1.2m sq ft import facility opened by the Uk's largest retailer, Tesco, at the port last month. Evergreen joins fellow shipping line, Maersk, who also ships containers through Teesport on feeder vessels on behalf of Tesco.
 
David Robinson, PD Ports' group chief executive officer, said: "We are delighted to announce the collaboration with Evergreen, which we expect will be the start of a very long term and successful relationship."  
 
Under PD Ports' ownership Teesport has launched an ambitious plan to build a new deepsea container facility, called the Northern Gateway Container Terminal, aimed at attracting direct calls from mainline vessels carrying Asian exports.

However, parent company Babcook Brown Infrastructure (BBI) of Australia finds itself facing financial problems and has put both PD Ports and its Dalrymple Bay Coal Terminal in Australia up for sale in order to pay down debt. The pricetag for PD Ports is believed to have been reduced from the original £450m to £300m but no firm bids had been received by the end-July deadline.  [04/09/09]

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