Tilbury to capitalise on opportunities to boost trade
Monday 22nd October 2018
PRESS RELEASE
Tilbury Port to capitalise on opportunities to boost trade
Tilbury Port and the people that work there will play a major role in helping the UK to increase international trade after we leave the European Union.
International Trade Secretary Dr Liam Fox visited Tilbury Port today (Thursday 18 October) to meet with port workers and management, as well as members of the Tilbury on the Thames Trust.
Tilbury is the fastest growing port in the UK and a £1 billion investment programme will see the port employing 9,000 people by 2020, three times more than it did in 2012. One in five of the employed people in the local area of Thurrock will work at the port.
This investment will see the amount of trade passing through the port reach 32 million tonnes each year, equivalent to more than one tonne every second.
Dr Fox praised Tilbury for leading the way in delivering year-on-year growth that creates jobs in the local area and helps to deliver prosperity across the UK.
He met with staff to hear about plans to capitalise on opportunities to increase international trade with the rest of the world, which could help to create even more jobs at Tilbury.
International Trade Secretary, Dr Liam Fox said
“Tilbury Port has a strategic position on the Thames estuary, a skilled maritime workforce and a long history of international trade. Together with the developments at Thamesport, we are seeing great improvements in the capacity of the Thames as a gateway for international trade for the future.
“We are now forging our own independent trade policy for the first time in more than 40 years and Tilbury and other ports will play a major role in helping the whole of the UK to capitalise on the opportunities to increase our trade with the rest of the world.
“I applaud and respect the hard work of the port’s workers who are helping to ensure that Britain remains a great exporting, maritime nation.”
Robin Mortimer, PLA chief executive said:
“The substantially increased freight on the river in 2017 is tangible evidence of the success of the Thames in attracting investment and, through it, new trades. It’s work that is underpinned by our Investment Strategy to enhance commercial infrastructure up and down the river.”
Charles Hammond, Chief Executive of Forth Ports who own the Port of Tilbury said:
“It was great to welcome the Secretary of State to the port today. In the years ahead, Tilbury’s market position will be further strengthened by our proposed new port, Tilbury2.
“As we invest in our facilities to support global trade, we continue to press for road investment to keep pace through an enhanced motorway network connection. A direct link from the UK’s fastest growing port onto the country’s largest road scheme, the Lower Thames Crossing, is vital.”
Dr Fox saw Jaguars and Land Rovers ready to be shipped to West Africa and South America, as well as paper imported from Finland and Sweden, and grain that is traded with North America and Europe.
Our ports are fundamental to our global trading success as an island nation. They have a vital economic role in handling 95% of our imports and exports and they support 100,000 people around the country.
Ports directly generate £1.7 billion of trade every year, however their true value to the UK economy is worth more than three times that figure (£5.4 billion) when you include indirect impacts such as the port industry’s spending on vehicles, construction and business services.
Innovative training suite opened for veterans at The Port of Tilbury
Friday 12th October 2018
NEWS RELEASE
12 October 2018
Innovative training suite opened for veterans at The Port of Tilbury
A state of the art technology suite was opened today by Jackie Doyle Price MP (12 October) at the Port of Tilbury. Located within the old railway station of the London Cruise Terminal, the Training and Technology Suite includes two training simulators as part of the facilities designed to support the veteran community with training in the logistics sector.
The suite’s two simulators – from CM labs and Tenstar – provide full simulation, including a 360 degree experience, of all the major crane and straddle operational equipment such as motion, cable and lifting systems, and lift apparatus providing operators with an enhanced learning environment featuring industrial controls and realistic working terminal scenarios.
The training suite is located within the Railway Station building at the London International Cruise Terminal, with the new training suite being a cornerstone of the planned renovation program that the Tilbury of the Thames trust are aiming to undertake to the building in conjunction with the Port of Tilbury; allowing much greater use of the building by the local community. The simulators were a hit at the recent Opportunity Thurrock event where over 2000 young people from the area came along to the London Cruise Terminal to investigate future career opportunities for them
The Port of Tilbury already has an established award winning Logistics Training Academy located within the port estate that offers training and support to the veteran community through the ‘Attention to Logistics’ training programme and bursary scheme which was launched last year. The programme has been created to specifically focus on the veteran community, helping ex-service men and women and their families back into work through the logistics sector. The programme is delivered by Tilbury on the Thames Trust in association with the Port of Tilbury Logistics Academy.
Liam Cordiner who took part in the course said: “What they have been running in Tilbury is exceptional. It is a stress free, relaxed and in a demilitarised environment. It is definitely something I would recommend attending if people are struggling with their career path after leaving the armed forces.”
Stuart Wallace, Chief Operating Officer of Forth Ports and Chair of Tilbury on the Thames Trust said: “This is an exciting day for the Tilbury on the Thames Trust, for the Port of Tilbury and for the area as a whole. The opening of this training suite will ensure that veterans have the skills to create real opportunities in the logistics sector. Our experience shows that military service makes people well suited for careers in Logistics. With all the development planned for the port and the Thames Gateway there will be a job opportunity increase in the area.”
Jackie Doyle-Price MP, said: “I am delighted to open the Training and Technology suite today at the Port of Tilbury. This is a great opportunity to deliver training and sustainable employment for veterans and their families as well as providing good, skilled staff to support the logistics industries locally. I am very proud to have played my part in making this happen. I am very grateful to the Port of Tilbury to both this training programme and to bringing the railway station into community use. We are lucky to have a major employer that makes such a strong contribution to the local community.”
12 October 2018
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For more information and contact details please go to: http://tott.org.uk/attention-to-logistics/
PSP Investments welcomes new investment partners to Forth Ports
Thursday 11th October 2018
11-10-18
PSP Investments welcomes new investment partners to Forth Ports
Montréal, Canada; Melbourne and Sydney, Australia; and London, England, October 11, 2018 – The Public Sector Pension Investment Board (“PSP Investments”) is pleased to announce the closing of the Forth Ports Limited transaction. PSP Investments has sold minority stakes in Forth Ports Limited to long-term investment partners, including GLIL Infrastructure (GLIL), First State Super, and Construction and Building Unions Superannuation (Cbus).
Forth Ports is a dynamic, UK-based multimodal ports owner and operator, with ports serving as logistical gateways across the UK, connecting the UK with Europe and the rest of the world. It owns and operates eight commercial ports on the Firth of Forth, the Firth of Tay and the Thames, with strategic positions in Tilbury (London), Grangemouth and Dundee. Tilbury is the site of a major new port terminal, Tilbury 2, while the Port of Dundee is the site of the growing offshore wind sector and North Sea oil and gas decommissioning industries.
“We are very pleased to be partnering with such high-quality global investment firms to deliver on our ambitious expansion and investment programme around the UK,” said Charles Hammond, Group Chief Executive of Forth Ports. “This now gives the Group a long term stable shareholding base which will help and support us in implementing our growth strategy. We look forward to continuing our long and stable association with PSP Investments, while at the same time commencing a new partnership with First State Super, Cbus and GLIL.”
“Following our acquisition of Arcus European Infrastructure Fund 1 LP’s stake in Forth Ports, we are very excited to partner with First State Super, Cbus and GLIL as we commence the next phase of the company’s development, led by Forth Ports’ stellar management team,” said Patrick Samson, Managing Director and Head of Infrastructure Investments, PSP Investments. “We will continue to own a majority of Forth Ports, which will form a core part of our UK infrastructure investments portfolio.”
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About PSP Investments
The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investment managers with C$153 billion of net assets as of March 31, 2018. It manages a diversified global portfolio composed of investments in public financial markets, private equity, real estate, infrastructure, natural resources and private debt. Established in 1999, PSP Investments manages net contributions to the pension funds of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York and London. For more information, visit investpsp.com or follow us on Twitter and LinkedIn.
About GLIL
GLIL Infrastructure LLP (GLIL) is a joint venture between a number of UK Local Government Pension Funds targeting investments in core infrastructure assets predominantly in the UK. The founding partners of GLIL are the pension funds of Greater Manchester, Merseyside, West Yorkshire, who are known collectively as the Northern Pool, and Local Pensions Partnership (LPP) which manages the assets of Berkshire, Lancashire, and London Pensions Fund Authority. GLIL has committed capital of £1.8 billion. Following this acquisition, it has invested over £1 billion into UK infrastructure assets.
About First State Super
First State Super is one of Australia’s largest profit-for-member financial services organisations. Our vision is to provide a better future for all Australians. We provide our members with a better financial future through safe and secure superannuation and quality financial advice. The majority of First State Super’s members work in education, health, law enforcement, emergency services and other organisations that care for the community. We invest more than A$92 billion (as at 31 August 2018) in funds under management on behalf of more than 800,000 members. We believe that everyone deserves a dignified retirement. Through our wholly-owned financial planning company, StatePlus, we provide high quality, affordable advice for members and all Australians.
About Cbus
Founded in 1984, Cbus is the largest Australian superannuation for people working in the building and construction sector. With over 780,000 members and more than 136,000 employers Cbus is the custodian of over AUD$47 billion of members retirement savings. Since 1984, Cbus has returned an average of 9.29% for members every year. Cbus invests directly back into the construction industry through property and infrastructure, with infrastructure representing more than A$4.5 billion of funds under management. As a profit-to-member fund Cbus’ singular focus is improving the quality of our members’ retirement.
About Forth Ports
Forth Ports Limited is one of the UK’s largest port groups and owns and operates eight commercial ports in the UK – Tilbury on the Thames, Dundee on the Firth of Tay and six on the Firth of Forth – Leith, Grangemouth, Rosyth, Methil, Burntisland and Kirkcaldy. Within and around the Firths of Forth and Tay, Forth Ports manages and operates an area of 280 square miles of navigable waters, including two specialised marine terminals for oil and gas export and provides other marine services, such as towage and conservancy. forthports.co.uk @forthports
