Peel Ports £400 million investment into Liverpool2 Terminal is officially set to begin operations.
The new terminal is now one of the world’s most modern shipping terminals, and will provide a state-of-the-art ocean gateway for UK importers and exporters with road, rail and canal connections linking directly to the heart of the UK mainland. The terminal was one of he UK’s largest private sector infrastructure projects, and was developed in response to changing trading patterns and shipping industry trends towards the use of mega ships; allowing the new terminal to handle the biggest cargo vessels in the world.
The new deep water facility will complement the existing Royal Seaforth Container Terminal at the existing Port of Liverpool, with each terminal having capacity to handle around 1 million containers per annum. The Port is already the country’s biggest transatlantic port (45% market share) and the only major container port in the north or west of the UK.
Mark Whitworth, CEO of Peel Ports said: “Today marks the beginning of a new era for the Port of Liverpool. Our investment will help global shippers to transport cargo more efficiently to their end destination with lower costs, congestion and carbon emissions. Liverpool is in the right location, providing state-of-the art facilities and technology, and offers a real competitive advantage with a shorter supply chain and providing an all-water route right to the heart of the UK via the Manchester Ship Canal. Liverpool 2 will create a new trading gateway in the UK.
We are already exploring and succeeding in creating new opportunities for UK exporters, having recently signed a significant Memorandum of Understanding (MOU) to create a strategic alliance aimed at facilitating international trade and generating new business by promoting trade routes between Liverpool and the west coast of South America via the Panama Canal.”
Gary Hodgson, Chief Operating Officer of Peel Ports, added: “Being able to compete on the scale offered by Liverpool2 is only one aspect of how we’re transforming the port. Our real driving force is a commitment to customers, whether shipping lines or cargo owners, and helping them to achieve their business vision. As well as investing in the infrastructure and technology, we’re providing a more integrated service to our customers, whether that’s at the quayside, through port-centric logistics facilities or our wider network of ports.”