{"id":2440,"date":"2008-11-19T12:24:00","date_gmt":"2008-11-19T12:24:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/coastlink\/2008\/11\/19\/hull-defies-credit-crunch-to-expand\/"},"modified":"2008-11-19T12:24:00","modified_gmt":"2008-11-19T12:24:00","slug":"hull-defies-credit-crunch-to-expand","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/coastlink\/2008\/11\/19\/hull-defies-credit-crunch-to-expand\/","title":{"rendered":"Hull defies credit crunch to expand"},"content":{"rendered":"<p>On the day the Halifax and Lloyd&#8217;s TSB dashed towards their marriage of financial convenience, one of the UK&#8217;s newest port executives dismissed the downturn caused by the credit crunch as a relative blip in the long-term life of a port<\/p>\n<p>.<\/p>\n<\/p>\n<p>Matt Jukes, at the helm of Hull and Goole as Associated British Port&#8217;s (ABP) port director since February this year, takes a bullish stance about the port industry<\/p>\n<p>.<\/p>\n<p> &#8220;The UK needs its ports and their customers; always has done<\/p>\n<p>.<\/p>\n<p> They are vital to the country&#8217;s economy,&#8221; he says speaking to<\/p>\n<p> <i>Port Strategy<\/i><\/p>\n<p>.<\/p>\n<p>And he believes the growth in the size of container vessels can only be good news on that front<\/p>\n<p>.<\/p>\n<p> &#8220;Development of ships like the Emma Maersk means there will be a natural growth in feeder services<\/p>\n<p>.<\/p>\n<p> Unit load and short-sea business will inevitably grow, and do so substantially,&#8221; he says<\/p>\n<p>.<\/p>\n<\/p>\n<p>His view is supported by the significant commercial interest being shown in ABP&#8217;s development ambitions for Hull, currently used for over 12<\/p>\n<p>.<\/p>\n<p>5m tonnes of freight and by a million passengers annually, and where the largest client is P&amp;O, with whom it does about 50% of its business<\/p>\n<p>.<\/p>\n<\/p>\n<p>But enhancements worth more than \u00a3200m are planned to a port seen as the &#8216;Midland gateway&#8217; serving markets as far afield as Birmingham, Manchester and Newcastle<\/p>\n<p>.<\/p>\n<p> Investments on such a scale will deliver three new or enhanced berths and the shoreside infrastructure to support them, and will allow part-laden capesize and panamax vessels to berth at a new terminal with a 350-metre quay and 12 metres of draught<\/p>\n<p>.<\/p>\n<\/p>\n<p>Proposed development runs right along Hull&#8217;s Humber frontage, stretching more than two miles from the container terminal alongside the Alexandra Dock in the west, where the Hull Riverside Container Terminal expansion&#8217;s planned, to where the new Hull Riverside Bulk Terminal will be in the east<\/p>\n<p>.<\/p>\n<\/p>\n<p>Hull&#8217;s container volumes grew by 15% last year, and ABP is hungry for more with development starting as early as next year<\/p>\n<p>.<\/p>\n<\/p>\n<p>&#8220;Our container operations have been very successful<\/p>\n<p>.<\/p>\n<p> With the terminal operator PD Port Services there has been an investment of over \u00a34<\/p>\n<p>.<\/p>\n<p>5m on cranes and terminal improvements, and when the Hull Riverside Container Terminal is developed at the Alexandra Dock we will free up space at the existing terminal in Queen Elizabeth Dock<\/p>\n<p>.<\/p>\n<p> There is a lot of commercial interest, even in the current climate<\/p>\n<p>.<\/p>\n<p> Long-term benefits are becoming clear<\/p>\n<p>.<\/p>\n<p>&#8220;<\/p>\n<p>The crane spend is small in the context of the investment of \u00a375m proposed for a new 400m berth, a trio of ship-to-shore cranes and a number of rubber-tyred gantry cranes<\/p>\n<p>.<\/p>\n<p> When finished, the new berths will be able to accommodate vessels of up to 2,000 teu<\/p>\n<p>.<\/p>\n<\/p>\n<p>Meanwhile, two years of marine and market analysis have led up to ABP being ready to apply for a Harbour Revision Order for the Hull Riverside Bulk Terminal, the 350-metre berth representing the cornerstone of its bulk terminal aspirations<\/p>\n<p>.<\/p>\n<\/p>\n<p>&#8220;We hope to be in a position to apply for the order within the first half of next year, or, with luck, even the first quarter,&#8221; says Mr Jukes<\/p>\n<p>.<\/p>\n<p> &#8220;With a following wind we might be able to get approval within a two-year window, with two years of construction leading to operation as early as 2012<\/p>\n<p>.<\/p>\n<\/p>\n<p>&#8220;When we get to that stage it will secure our dry bulk business for many years into the future,&#8221; he adds<\/p>\n<p>.<\/p>\n<\/p>\n<p>Operation of the \u00a3140m terminal &#8211; \u00a3110m for the berth; up to \u00a330m for landside developments &#8211; will make it one of the most efficient in Europe, claims Mr Jukes<\/p>\n<p>.<\/p>\n<\/p>\n<p>All of which is fine, but how will the extra volumes of goods be moved into the hinterland of the port, squeezed between the Humber on one side and a busy dual carriageway carrying traffic into the city on the other?<\/p>\n<p>Rail&#8217;s an important part of the answer, and has been the subject of investment worth \u00a314<\/p>\n<p>.<\/p>\n<p>5m &#8211; entirely appropriate for a port created almost a century ago by the Hull and Barnsley Railway and the North Eastern Railway<\/p>\n<p>.<\/p>\n<\/p>\n<p>&#8220;Strong support from the City Council and Yorkshire Forward has allowed us to increase our rail traffic capacity from eight to 10 trains a day to 20; it&#8217;s a step change that sets the scene for development in containers, paper and bulk cargoes, with Hull being able to offer a multi-modal solution,&#8221; says Mr Jukes<\/p>\n<p>.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the UKs north-west, Hull and Gooles new boss refuses to be dragged down by the financial blip. Stuart Pearcey finds out why<\/p>\n","protected":false},"author":8,"featured_media":2441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"sponsor":[],"class_list":["post-2440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/2440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/comments?post=2440"}],"version-history":[{"count":0,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/2440\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media\/2441"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media?parent=2440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/categories?post=2440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/tags?post=2440"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/sponsor?post=2440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}