British Steel's 'new' port facility sees significant contract wins
WINNING WORK: Redcar Bulk Terminal, which British Steel has a 50 per cent stake in.
By Scunthorpe Telegraph | Posted: 26 Oct 2017
BRITISH Steel’s recent joint venture, Redcar Bulk Terminal on the River Tees, has announced a series of new contract wins.
A long term deal has been secured with Javelin Global Commodities to handle hundreds of thousands of tonnes of imported coal for use in the power generating sector.
It has also agreed a multi-year contract to handle large quantities of granulated blast furnace slag for construction materials supplier Hanson.
The steel-making by-product is ground into a fine powder for use as a cement replacement in ready-mixed concrete.
The deals are among a number RBT has secured in recent months and they come as the terminal continues its growth following the investment by Scunthorpe-headquartered British Steel, which secured a 50 per cent stake in the business earlier this year.
The terminal had previously been used as an import facility for iron and coal before the collapse of SSI in October 2015.
British Steel’s chief executive, Peter Bernscher, pictured, said: “We’ve been greatly impressed by the team at Redcar Bulk Terminal and the results they’re now delivering.
“I’d like to thank them for their efforts thus far and I’ve great confidence in their ability to continue growing the business.”
A total of 79 people are employed at the terminal, which operates a 320 metre long quay capable of accommodating vessels up to 17m draft.
RBT general manager Garry O’Malley said: “The transformation of this business is remarkable, underlined by our fine start to the year and the number of new contracts we’ve secured.
“Through the dedication of our employees, and the strong customer partnerships we’ve developed, the business is growing significantly and starting to realise some of its undoubted potential.
“It’s exciting to know this is just the start for Redcar Bulk Terminal and there’s great scope to increase our customer base, shipments and capabilities.
“Strong partnerships like those we enjoy with Javelin Global Commodities and Hanson give me every confidence we’ll continue to attract more new customers and become the bulk terminal of choice for importers and exporters alike.”
British Steel bought the share in Redcar from Tata Steel.
It complements the operations at Immingham Bulk Terminal, with the remaining 50 per cent controlled by the Official Receiver, following SSI’s collapse.