The Swedish Ferry and Ro-Ro company Stena Line and the largest UK port operator Associated British Ports (ABP) have revealed their intention to proceed with a £200+ million joint investment in a new freight ferry terminal at the port of Immingham.
After the granting of the Development Consent Order (DCO) planning application by the UK government, this is a major step forward for the project, and this approval means that construction can officially begin on the new RoRo ferry terminal.
Following the approval, the project was featured this week at the UK Government’s showcase International Investment Summit.
Already in the year 2022, Stena Line and ABP signed an agreement which will see the ferry company operate the new terminal for the next 50 years.
This long-term commitment will provide a boost to the North-East of England, where the unaccompanied freight market has been steadily growing.
Stena Line is one of the largest ferry operators in the world with 20 routes, and 40 vessels operating in Northern Europe and the Mediterranean.
“Immingham is becoming a strategic hub for the company, which currently runs two daily services from the Humber region to The Netherlands,” Stena Line said in its statement.
As it is furthermore reported, the new RoRo terminal is a long-term solution in a new location which provides access to the main Humber Estuary, allowing for quicker sailing times and the option to use larger vessels to cater for increased freight demand from exporters and importers from across the region and the rest of the UK.
Stena, the group which owns Stena Line, also recently became the sole owner of transport and logistics business, NTEX, which has its UK headquarters in the port.
