Swedish ferry company Stena Line has signed an agreement with Associated British Ports for a new £100 million ferry terminal at the Port of Immingham.
The agreement will see the ferry company operate the new terminal for the next 50 years.
It is a major long-term commitment and boost for the region.
Stena Line operates a total of 18 routes across 13 countries across Northern Europe and currently runs four daily freight services from the Humber to The Netherlands.
These services are now in greater demand than ever before and are expected to increase further. In 2021, the company saw its North Sea routes moving record levels of freight, this included a 28% year-on-year increase in unaccompanied freight.
At the start of the year Stena Line relocated its Rotterdam freight service to the Port of Immingham, which is the largest port in the UK by tonnage and owned by ABP.
The partnership has allowed the company to become the provider of both the terminal and shipping operations, which has resulted in improved benefits and expanded services to its significant freight customers in the region.
“Our freight levels are at record levels and are continuing to increase, so we want to build on this success and provide additional services to our most important business needs, those of our customers, with the development of a brand new terminal and berths at the Port of Immingham,” said Niclas Martensson, Chief Executive Officer of Stena Line.
Simon Bird, Humber Director, Associated British Ports added: “Our track record in recent years of investing in new infrastructure is making the Humber the place to be for trading links between the Midlands and North of England, and the rest of the World.”