Independent journal on economy and transport policy
04:08 GMT+2
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Otter Ports Holdings (Forth Ports) becomes only shareholder of Tilbury Services Container
Acquired the quotas DP World and Associated British Ports
January 26, 2012
Otter Ports Holdings Ltd., society with center in the Islands Cayman that the harbour group British Forth Ports possesses, has acquired from the Middle Eastern terminalista group DP World and the harbour group British Associated British Ports (AB Ports) 67% of the share capital of Tilbury Container Services (TCS), of which now Otter Port Holdings she is only shareholder.
Tilbury Services Container work the homonymous terminal of the port of Tilbury that is the first harbour system of the United Kingdom specifically constructed for the traffic of the container and the main sea terminal deep of London on the River Thames river.
Last year terminal TCS has enlivened a traffic of about 314.000 container teu, with a progression of 2.4% on 2010. To this volume an enlivened sea containerized trade short from the English port joins that in 2011 has been pairs to 126.000 teu (+7.6%). "With 100% of the property of the TCS - the managing director of Forth Ports has commented, Charles Hammond - we preview to reunite our container terminal Short Sea with the TCS so as to create a new activity in the field of the container with the brand "London Container Terminal". New the only terminal will enliven almost means million container and the third main activity in the container of the United Kingdom will return us and one of the little in the British ports to serve the customers is deep sea who short sea".
The terminalista group DP World of Dubay has acquired own participation in TCS to the action of the acquisition in 2006 of group P&O Ports, shareholder of TCS from 1998. "With Forth Ports - it has declared senior vice president and managing director for Europe and Russia di DP World, Flemming Dalgaard - TCS will be in good hands and will benefit of the consolidation of the terminals of the Forth in the port of Tilbury and of the connection with the others assets short sea. The offer advanced from the Forth for us has a sense and the decision is assumed online with the change of the market dynamicses of the transport of line, included the fast increase of the dimension of the ships. DP World will continue to focus on the others our activities in the United Kingdom with DP World Southampton and to London Gateway".
"System TCS - it has observed the managing director of ABP, Peter Jones - is found inside of the property of Forth Ports to Tilbury and absolutely has a sense that this activity is consolidated with other asset in the field of the container of the Forth. If on one side we have been pleased of our engagement in TCS, now ABP focuses the attention on ours 21 ports, of which we are in great part owners, but also as operators whereby this will allow a greater increase in the main traffics".
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