ABP invests for growth despite Brexit

“We’ve seen significant growth at our Humber container terminals in recent years and all the indications are that this will continue despite Brexit,” said Simon Bird, director, ABP Humber.

“We anticipate growth in container shipping in the coming years and ABP in the Humber are keen to position ourselves to take advantage of that growth.”

Nearly £30 million of the investment will go towards upgrading Hull Container Terminal including the purchase of four new Liebherr ship-to-shore cranes, two of which were delivered in 2016 with two more scheduled for delivery in 2018.

Meanwhile, Immingham Container Terminal, which also took delivery of a new Liebherr crane in 2016, will be further extended with major investment in new equipment and technology. Across the two ports, capacity will be more than doubled to allow them to handle around 550,000 units.

ABP Humber’s investment case is based on figures showing that across the Humber container terminals there has been a 41% growth in volumes since 2013.

These latest investments are just a part of ABP has a commitment to make £1 billion of investment across all its ports over the next five years.

The combined strength of ABP’s four ports on the Humber (Grimsby, Goole, Immingham and Hull) make up around half of the company’s revenue and roughly around 13% of all of the UK’s seaborne trade.