Ferry company Stena Line has entered a £100m 50 year agreement with Associated British Ports (ABP) to jointly develop a new freight terminal at the Port of Immingham.
Stena Line currently runs 18 routes with 37 vessels operating between 13 countries across Northern Europe.
2021 has seen Stena Line’s North Sea routes moving record levels of freight, including a 28 per cent year-on-year increase in unaccompanied freight.
The proposals will allow the company to further expand its services by providing increased freight capacity for its customers. The measures will allow for quicker sailing times and the option to use larger vessels to cater for increased freight demand from exporters and importers from across the region and the rest of the UK.
Stena will be joining a growing cluster of commercial partners who are choosing to use ABP’s ports in the Humber which offer connections for traders across Europe and beyond.