Maersk, ABP sign trade agreement

Maersk shares rise despite profit warning
Maersk ship. Illustrative picture. PHOTO CREDIT: JOC

Port operator Associated British Ports (ABP) has signed a trade agreement with Maersk Line for a new service for ABP’s Hull Container Terminal which will open the trade link to the Far East and beyond for the first time in its history.

According to ABP, the service begins in the new year into the 21-acre container terminal in Hull. The weekly feeder vessels will see ABP handle around 240 boxes per week, equivalent to 12,000 containers per year.

“Unlocking this new trade gateway to the rest of the world is not only significant for the local economy, but also for the national and international economy,” said Simon Bird, ABP Humber Director.

“We’re proud to welcome the world’s largest container shipping line, Maersk, on board to the Hull Container Terminal, and we look forward to strengthening our partnership and building further trade links.”

“We believe that the Humber Container Terminals – Hull and Immingham – are now the premier container destinations in the North of England, offering an unrivalled service. We have recently invested £50 million into these terminals including our two £10.5 million gantry cranes at the Hull Container Terminal.”

The company recently invested GBR 50 million into the Humber Container Terminals – Hull and Immingham, that helped the Hull container terminal to be capable of handling double its container capacity, some 240,000 containers per year. 



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