Port of Southampton acquires Eling Wharf to expand
ABP has announced a multi-million pound investment in Southampton to provide a further boost to UK exports.
Booming trade at the UK’s number one port for export has prompted the acquisition of a 41 acre site close to the Port of Southampton.
As well as securing local employment, the acquisition of Eling Wharf will support British businesses.
ABP Southampton Director Alastair Welch said:
“Our investment is designed to enhance facilities available to British businesses and exporters looking to grow trade in international markets.
“We are working hard to ensure the Port continues to deliver the best possible service for our customers, maintaining its position as the nation’s gateway to the world.”
In 2017 the Port of Southampton welcomed the largest vessels in the world and with more than one million containers handled by the port, 2018 will see even larger mega-ships visiting.
The Port of Southampton is the UK’s number one export port, handling £40 billion of exports every year including 90 per cent destined for countries outside the EU.
The total trade handled by the Port is worth some £75 billion.
The Port of Southampton serves as the UK’s number one port for automotive exports, providing British manufacturers with essential access to international markets.
The Port is also home to the UK’s second largest container terminal and each year handles around one million containers.
The Port’s critical role has been cemented by more than £280 million of investment over the past 5 years, including more than £50 million in brand new state-of-the-art vehicle export facilities. The Port’s newest vehicle terminal was recently opened by trade minister, Rt. Hon Greg Hands MP.
Southampton is also the UK’s number one cruise port, with over 500 cruise calls each year bringing 2 million passengers. In addition, the Port hosts some 3 million ferry passengers travelling to and from the Isle of Wight.
Steve Wyeth, Director of SDW Recruitment, Southampton’s shipping recruiter commented “This is fantastic news for Southampton’s shipping industry and everyone who works within this important sector & their families. This will no doubt strengthen the Ports competitiveness both as a UK Port & on a global scale, and of course create 100’s of jobs for city & local area.” Steve continued “I know there has been a fair amount of negativeness about this acquisition from local residents in Eling & Totton, but actually living in Totton myself, I see this as a positive for the town.”