The two have struck an agreement for erecting a brand-new terminal at the Associated British Ports' (ABP) Port of Immingham, leased by the Swedish ferry line for 50 years.

ABP intends to submit an application for a Development Consent Order to the UK's Secretary of State for Transport in early summer, with a view to the new terminal facilities being operational in 2025.

Once commissioned, Stena Line's current Immingham freight activities will move to the new site adjacent to Immingham Outer Harbour.

"Our freight levels are at record levels and are continuing to increase, so we want to build on this success and provide additional services to our most important business needs, those of our customers, with the development of a brand new terminal and berths at the Port of Immingham," Niclas Mårtensson, CEO, Stena Line, said.

He furthered, "Stena Line is pledging a significant long-term commitment that will bring a substantial boost to the region's economy in terms of jobs and revenue. We look forward to working with Associated British Ports to develop this exciting project."

Photo: Associated British Ports