PD Ports
PD Ports is a leading diversified port services group operating in the United Kingdom. PD Ports 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 business in support of port operations. PD Ports' asset base also includes an extensive property portfolio.
PD Ports' major income streams are 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
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A port operator and owner
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Asset Class Segment
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Transport Infrastructure
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Location
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United Kingdom
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Acquired
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February 2006
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BBI % Ownership
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100%
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Regulatory Environment
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Unregulated with statutory authority status, whereby the bulk of income is protected by a statutory right to collect conservancy (toll-like dues payable by ships using the Tees). It also sets lease rates for owned property
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Customer Base
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Range of long term contracts with strong, established counterparties including large multinationals
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Asset Age & Condition
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Port assets in good condition
Immaterial exposure to environmental issues
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Utilisation
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Approximately 50% latent capacity in container handling
Significant available capacity in land use
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Key Drivers
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Industrial and commercial activity in Northern UK. Diversity of operations in the UK provides further opportunities.
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See the ASX Announcements, Presentations and Related Sites section of this website for more information on this asset