Stena Line and Associated British Ports (ABP) have entered into an agreement to jointly develop a new freight terminal at the Port of Immingham in the Humber region.
The £100M agreement will see the Swedish ferry company operate the new terminal for the next 50 years. It is a major long-term commitment and boost for the region, where freight on routes to and from the EU has been booming since Brexit.
At the start of the year Stena Line relocated its Rotterdam freight service to the Port of Immingham, the largest port in the UK by tonnage, which is owned by ABP. The move has allowed the company to become the provider of both the terminal and shipping operations, which has resulted in improved benefits and expanded services to its significant freight customers in the region.