Newspaper article Evening Gazette (Middlesbrough, England)

Port Boosts UK Trade Opportunities for Indian Shippers; in Association with PD Ports

Newspaper article Evening Gazette (Middlesbrough, England)

Port Boosts UK Trade Opportunities for Indian Shippers; in Association with PD Ports

Article excerpt

FOLLOWING a recent visit to Mumbai, India, PD Ports announced that it has signed an agreement with Faredeal Shipping Agencies Pvt Ltd. to act as their agents in the crucial Indian shipping market.

PD Ports expects this agreement to provide further opportunities and options to Indian shippers for increased European trade. Further to the agreement, PD Ports, which is owner and operator of Teesport, the UK's third largest port, has also appointed Faredeal Shipping Agencies Pvt Ltd to act on its behalf in order to raise the profile of the business throughout the Indian shipping market.

The signing of this agreement took place during PD Ports' recent launch party in Mumbai, organised by the newly appointed Indian agents. The event, which attracted more than 250 guests including shipping lines, freight forwarders, NVOCC's and press, featured a presentation by Graham Wall, group commercial director for PD Ports.

Graham highlighted many of PD Port's current developments, showing the potential benefits utilising the Northern Gateway Container Terminal (NGCT) for UK imports coming from the Indian shipping market. The NGCT is expected to open in 2011.

After the NGCT presentation, PD Ports signed and exchanged the new agreement with representatives from Faredeal Shipping Agencies Pvt Ltd.

Graham Wall commented: "The launch event was a huge success and we received tremendous interest in our future plans including the Northern Gateway project. India is one of the global leaders in the shipping industry and is a key player in the world economy. Approximately, 95% of the country's trade by volume, that's 70% in terms of value, is moved by sea. It is that traffic from India that is destined for the retailers and consumers of the northern UK that we want to attract at Teesport."

In December 2007 PD Ports first began initiatives to increase the company's presence and visibility in the Far East as part of a broad awareness campaign for the Northern Gateway Container Terminal (NGCT). …

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