Newspaper article The Journal (Newcastle, England)

Teesport Fosters the Baltic

Newspaper article The Journal (Newcastle, England)

Teesport Fosters the Baltic

Article excerpt

The EU's current expansion will have a major impact on UK imports and exports. Teesport, the UK's second largest port which retains 39th place in the Top 200, is already benefiting, says its managing director David Robinson.

Record profits have been one of many highlights in the significant and successful year PD Ports, Logistics and Shipping has just enjoyed.

It has been a year in which the company started deep-sea feedering, opened up stronger links to the Baltic, began a rejuvenation of 200 acres of land at Hartlepool Dock and launched its second container terminal (TCT2) at PD Teesport ( an event attended by the Duke of York.

The last financial year closed with the group announcing profits before tax up 9.9pc from pounds 10.85m to pounds 11.93m, and group turnover risen to more than pounds 156m, a 5.9pc increase on 2001/2002.

The official opening of Teesport's Terminal No 2 by the Duke means that a new facility, costing initially pounds 12m, virtually doubles the capacity for container handling at Teesport ( from 80,000 boxes a year to 160,000. A subsequent phase of pounds 8m investment will further increase that capacity to 240,000 boxes.

The launch was a resounding success, not least in media coverage, and it also promoted the North-East's economic activity, bringing more jobs, including new apprentice schemes, at PD Teesport.

With TCT2 operating fully, PD Teesport's ambition to capitalise on strong deep-sea container flows, especially from the Far East, has delivered new frequent feeder calls serving deep-sea movements into and out of the UK.

A new weekly call was agreed ( feedering deep-sea containers into Teesport via Rotterdam and Zeebrugge ( with CMA-CGM, the largest container carrier in France and the sixth largest in the world.

Thus, the North has become a central hub for shippers to import and export goods into and around the UK. …

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