Peel Ports Group Limited and its subsidiaries (“the Group”) operate as the Statutory Harbour Authority for the Port of Liverpool, the Manchester Ship Canal, the River Medway, parts of the area along and around the River Clyde, Ardrossan Harbour, Twelve Quays at Birkenhead Docks and Heysham Port.
In addition, the Group operates Great Yarmouth Port as an agent of Great Yarmouth Port Authority, the Statutory Harbour Authority for that port, on a long-term basis.
Container facilities, freight forwarding and cargo handling services are also provided at Dublin Port under concession.
The Group’s assets form a strategic hub centred on the Irish Sea, with locations in Liverpool, Dublin, Glasgow and along the Manchester Ship Canal. Linked by the Group’s short sea shipping services and the Manchester Ship Canal container vessel service, the Group’s assets provide direct access to the significant hinterland of North West England and the main Roll-on/Roll-off (RoRo) services to Ireland. Additionally, the Port of Sheerness provides access to London and Clydeport to Central Scotland. Great Yarmouth, as an offshore supply base, is strategically located close to the oil, gas and windfarm installations in the Southern North Sea.
In addition to providing landlord services to the many leading businesses that operate from the Group’s port facilities, the Group also offers a value-added logistics solution to a customer’s supply chain. This includes conservancy, pilotage, berthing, facilities rental, storage, cargo handling and shipping.
The Group handles a diverse range of cargos including bulk liquids, bulk solids, automotive, energy, agribulks and containers.
The Group’s container handling offering is centred on the Port of Liverpool, which operates two container terminals, Liverpool2 and the Royal Seaforth Container Terminal (“RSCT”).
Liverpool2 is a new in-river deep-water container terminal capable of accommodating the world’s largest container vessels with smaller post-Panamax vessels the most likely primary users of the terminal.
The terminal is being constructed in two phases. The first phase of the construction of Liverpool2 saw approximately £300m invested, in addition to further investment in the port infrastructure at Liverpool. This was part financed by a £150m loan secured from the European Investment Bank and a Regional Growth Fund grant of £35m.
The second phase of the project, which is due to be completed in the year ending 31 March 2022, will further increase the capacity of Liverpool2. This phase has an estimated cost of £50m, which in the main represents investment in additional quayside and landside cranes, together with some related infrastructure works. Work on this phase had been disrupted due to the COVID-19 pandemic, which resulted in a rephased timetable, but is now progressing well.
In January 2020, the Group entered into a joint venture agreement with Terminal Investment Limited S.A.R.L. in respect of the cargo handling operations of the Liverpool2 deep-water container terminal at the Port of Liverpool. The arrangement is intended to enable the business to achieve its ambitious growth plans for Liverpool2.
RSCT was the Port of Liverpool’s existing container terminal. It has direct deep-sea and short-sea connections to a range of countries, including the USA, Canada, Spain, Italy, Portugal, Cyprus and Turkey, in addition to a number of feeder services connecting Liverpool with the Far East, India, Africa and South America.
The Group’s two main terminals in Liverpool are complemented by container facilities at Greenock in Scotland and Dublin in Ireland.
The combination of the Liverpool2 terminal with the Group’s existing port assets and short sea shipping services in the Irish Sea and the Continent is expected to provide significant advantages to shipping lines, importers and exporters. It is estimated, for example, that 35 million consumers live within a radius of 150 miles of the Port of Liverpool.