Displaying items by tag: MTL, Dublin Port

23rd April 2019

German Bank's Asset Management Arm to Cut Its Stake in Major UK Ports Group

MSC's containership MSC Messina berthed at Liverpool2 the newest lo-lo terminal on the Irish Sea is a major investment by Peel Ports. AFLOAT adds among the group's portfolio, they operate Marine Terminals Ltd (MTL) a container facility in Dublin Port located in Ringsend. Also above Afloat has identified P&O Ferries Norbank/Norbay transiting in Gladstone Lock. The ropax pair along with fleetmate European Endeavour operate to Dublin using Terminal 3 located almost opposite of the MTL terminal.

#ports - A German stakeholder of a major UK ports group is considering selling its part of the business.

As the UK newspaper The Times reports, Deutsche Bank is considering selling part of its stake in Peel Ports Group, Britain’s second-biggest port operator, in a deal that could value the company at £4bn.

DWS, the German bank’s asset management arm, is understood to be mulling the sale of a 10%-15% stake in Peel Ports, which runs the Port of Liverpool.

DWS has owned 49% of Peel since 2006. It bought the share from property tycoon John Whittaker in a deal that at the time valued the business at about £1.6bn.

Peel handles more than 60m tons of cargo a year and about 13% of Britain’s maritime traffic, putting it second behind Associated British Ports (ABP), the biggest port operator.

It has spent hundreds of millions of pounds upgrading Liverpool with another deep-sea container terminal, Liverpool2.

For more click here.

Afloat adds Peel Ports other port run and related facilities are located in Dublin, Clydeport, Great Yarmouth, Heysham, London (Medway) and the Manchester ship canal.

Published in Ports & Shipping

Tagged under

About Foyle Port

Foyle Port, located in the North West region of Northern Ireland, is estimated to handle around 2 million tonnes of cargo per year, with a trade value of approximately £1 billion. The port plays a crucial role in facilitating the import of essential agri-products, supporting around 20,000 farms in the region, as well as various local business sectors such as fuel/oil and construction industries. The organisation supports an estimated 1000 direct and indirect jobs.

Originally located in the bustling heart of Derry City, the Commissioners relocated the port to its current deep-water location at Lisahally in 1993. The terminal boasts an impressive 440 metres of quay and can accommodate large vessels of up to 62,000 DWT. Foyle Port is primarily a bulk port and a significant importer of essential commodities such as oil, coal, animal feed, fertiliser, and plywood, all of which are vital for the North West rural region.

Since 2003, the organisation has experienced significant growth, doubling both turnover and profit and attracting approximately £100 million of inward investment to the region. This investment has supported projects, including a fertiliser plant, an oil tank farm, and a biomass power station.

Established by Act of Parliament in 1854, the Londonderry Port & Harbour Commissioners is an independent statutory authority with a duty to develop, maintain and operate to the highest standards of efficiency, financial prudence, environmental awareness, safety, and security. The Port is independent of the Government and is self-financing. All financial surpluses are reinvested in the business for the benefit of future generations of stakeholders.