ABP seals 10-year Thor Shipping deal after £6m Hull investment

By Hull Daily Mail | Posted: 10 Jan 2019

ABP has announced a major 10-year port deal with Thor Shipping on the back of a £6m investment in Hull.

The port operator pledged millions of pounds into the terminal used by the shipping company, which will also see a new £3.5m crane arrive at the docks in March.

Since 2014, Thor has trebled its tonnage through the terminal on King George Dock, and runs regular services connecting Hull with Belgium and Sweden.

Chris Green, ABP port manager for Hull and Goole, said: “The key to realising our potential and helping our valued customers to grow, is ensuring that we continually work closely with them and support their future aspirations.

“This agreement shows that both ABP and Thor are confident in committing to support the Humber region for a substantial amount of time, so much so, it’s double the length of the previous contract agreed in 2014.”

King George Dock

ABP has invested £6m into Thor’s 10-acre leased terminal in Hull, allowing substantial infrastructure improvement works and an additional 2.5 acres of container storage space.

ABP’s investment in the Port of Hull continues, including the recent installation of LED efficient mast lighting, the implementation of new heavy-duty paving and the demolition of a building to make way for new container storage.

Read more: Major port deal will unlock new trade link between Hull and the Far East

This year, Thor hopes to see its strongest performance yet, and expects to handle one million tonnes of cargo.

In addition to containers, Thor’s other core business concerns steel and timber, both of which benefit from the rail links directly to the terminal at the port, which boost the efficiency of the operation and reduce carbon footprint.

ABP has announced the new 10-year deal with Thor Shipping (Peter Harbour)

Thomas Bryan, managing director at Thor Shipping and Transport, said: “Throughout the years we have gone from strength-to-strength and it’s great to see that ABP recognises this by heavily investing into our terminal.

Read more: ABP release statement as £6m grant for Humber industry scheme at Paull is pulled

“Our future is bright and we look forward to continually building upon our international trade and transport links, helping to put the Humber on the map as a key gateway for trade.

“It will enable us to realise and sustain future growth opportunities.”

Watch: The Port of Hull's £10.5m cranes arrive

Hull has become a crucial part of Thor’s operations.

The shipping company has a regular container and breakbulk service from its own short sea operator - Sunline - connecting the UK with the East Coast of Sweden twice a week.

Read more: ABP secures storage role in Hornsea offshore wind farm blade build-out

It also facilitates vessels three times a week to Zeebrugge, and a breakbulk liner service every fortnight from Finland and Iceland.



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