PD Ports
PD Ports is a leading diversified port services group operating in the United Kingdom (UK). PDP owns and operates the Port of Tees and Hartlepool, the third largest ports business in the United Kingdom (by volume), and also operates a number of other ports and logistics businesses elsewhere in the UK. PD Ports' asset base includes an extensive property portfolio.
PD Ports' major income streams are predominantly stable and predictable in nature and are derived from port operations, conservancy (which are toll-like dues), and long term property leases.
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Description |
A port operator and owner |
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Asset Class |
Transport Infrastructure |
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Location |
United Kingdom |
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Acquired |
February 2006 |
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BBI % Ownership |
100% |
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Regulatory Environment |
Unregulated with Statutory Harbour Authority status for the Tees, which gives statutory right to collect conservancy (toll-like dues) payable by ships using the Tees. It also sets lease rates for owned freehold property. |
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Customer Base |
Range of long term contracts with strong, established counterparties including large multinationals. |
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Asset Age & Condition |
Port assets in good condition, supported by regular maintenance capital expenditure.
Immaterial exposure to environmental issues. |
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Capacity / Utilisation |
Group wide container handling capiacity of 750,000 TEU (450,000 TEU in Teesport and 300,000 TEU in Hull).
Significant capacity in strategic port land available to develop port growth opportunities. |
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Key Drivers |
Industrial and commercial activity in the north of England. Diversity of operations in the UK provides further opportunities. | |
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