SSI UK ships Millionth tonne through Teesport

Ports & Terminals — By on October 11, 2012 at 7:18 PM

SSI UK  has recently achieved a major milestone having exported over one million tonnes  of steel slab through PD Ports owned Teesport.

The  millionth tonne was loaded on to the Yasa Eagle on Friday 5 October as part of a  64, 000 tonne shipment.  The vessel  sailed from Teesport on Sunday 7  October destined for Thailand.  The latest shipment represents  a significant uplift in the handling of slab through Teesport since the plant  was mothballed in 2010, and one which has been achieved through the major  investment of SSI.

David Robinson, PD Ports’ CEO, commented: “This is a significant  milestone reached and one which we are delighted to see achieved.  Exporting such a large amount of slab in  just five months since production restarted would not have been possible without  the strong partnership between PD Ports and SSI UK, and together we aim to  deliver an outstanding and first class performance. 

“However it remains critically important that all supply chain members  and stakeholders, including Government, work together to create a long term and  stable platform for SSI UK.”

Phil Dryden, Chief Executive of SSI UK, said: “2012 has been a  challenging year for all of the stakeholders associated with the restart of iron  and steel making on Teesside, and we are grateful for the wonderful support we  have received. I am very pleased that the plant operational performance has met  our expectations and that the export route through Teesport has been such a  tremendous success.  This reflects  the very effective working relationship and close cooperation which exists  between PD Ports and SSI UK.”

The  rebirth of steel making on Teesside was celebrated back  in April when the region saw the first slabs produced by SSI UK and then a month  laterexported  from Teesport to Thailand. This investment signaled a tremendous boost to the  industrial and manufacturing capability of the region, and highlighted  Teesside’s potential to be seen as a place to invest, develop and  producefor  global markets.

About  PD Ports

PD Ports is a multi award  winning ports and logistics business delivering solutions to improve supply  chains. Based in the north ofEngland, PD Ports operates from  locations at many key UKports and  logistics centres.

PD Ports owns and  operates one of the largest UKports, Teesport.  It handles over 35M tonnes each year and has increased container volumes by more  than 40% in the past five years. It has been developed to become the northern  gateway for container traffic, handling over 420, 000 TEU last year, and is  positioned for further significant growth.

All port operations are  backed by a comprehensive logistics network through PD Logistics, which is part  of the PD Ports Group.

PD Ports is owned by Brookfield Asset Management  Inc. Brookfield Asset Management Inc. is a global alternative asset manager with  approximately $150 billion in assets under management. It has over a 100 year  history of owning and operating assets with a focus on property, renewable  power, infrastructure and private equity. Brookfield Asset Management Inc. has  $19 billion of assets in infrastructure, which includes its port related  interests.Brookfield’s investment  in    PD Ports represents  its first foray into the ports business with a view to expanding this  portfolio

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