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Displaying items by tag: PortCentrics

In the UK the Port of Liverpool has been ranked as the nation's top port for port-centric logistics potential according to a new industry study.

Property adviser Knight Frank analysed and ranked 41 UK ports based on 13 criteria, assessing their potential for future logistics investment and development, in its latest Future Gazing report.

The Port of Liverpool topped its table, after the port ranked first for forecast export growth and was placed in the top ten percent for access to consumer markets, skilled labour, availability of land, port capacity, import growth potential and size of the existing logistics market.

Peel Ports Group Commercial Director Stephen Carr said: ““We’ve long argued that the Port of Liverpool is one of the UK’s best-located ports, and we have built on that with significant investment over many years to create jobs and enable more efficient supply chains.

“These benefits have been greatly enhanced recently by confirmation from the Government that the Liverpool City Region has gained final Freeport status approval, meaning the benefits for supply chains locating to the region are even greater than ever”.

Knight Frank researched each port’s potential role in shortening supply chains and mitigating supply disruption.

Its report looked into 13 different categories including a port’s capacity, connectivity, as well as the overall investment at the site and import and export growth potential.

The Port of Liverpool received the highest overall score in its rankings.

Peel Ports has made significant investment at the port in recent years, building on the completion of Liverpool2 – a £400 million deep-water container terminal. The report also recognised the importance of the port’s grain terminal to the UK’s agri bulk industry.

The location of the port is of strategic importance to major importers and exporters of goods as it offers unrivalled connectivity to Ireland and access to a catchment area of over 35 million people.

Published in Ports & Shipping

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.