Forth Ports

Forth Ports Limited is a port operators in the United Kingdom based in Edinburgh, Scotland. It is owned by the Public Sector Pension Investment Board.[2]

Forth Ports Ltd.
Privately held company
IndustryPort management
Founded1967
HeadquartersEdinburgh, Scotland, UK
Key people
Christopher Collins, Chairman
Charles Hammond, CEO
Revenue£181.9 million (2010)[1]
£49.8 million (2010)[1]
£45.1 million (2010)[1]
OwnerPublic Sector Pension Investment Board
Websitewww.forthports.co.uk

History

Fort Ports was established in 1967 as the Forth Ports Authority.[3] It became responsible for pilotage on the Firth of Forth in 1988.[3] It was privatised and first listed on the London Stock Exchange in 1992. In 1995 it acquired the Port of Dundee on the River Tay and the Port of Tilbury on the River Thames.[3] In 2007 it bought the Nordic Group, who manage terminal operations at Chatham.[4] In March 2011, Forth Ports agreed to a £751 million takeover by Arcus Infrastructure Partners.[5] The deal was completed in June 2011.[6] In October 2018, Forth Ports was sold to the Public Sector Pension Investment Board.[7]

Operations

Forth Ports operates five ports on the Firth of Forth and two ports elsewhere:[8]

Ports on the Firth of Forth

Other ports
  • Dundee is the most northerly port owned by Forth Ports and is located on the north side of the Firth of Tay on the East Coast of Scotland. The port provides services in paper pulp and forest products and also a wide range of general and bulk cargoes.
  • Port of Tilbury, the only English port operated by the company is located on the River Thames and is part of the Port of London. It is the UK’s leading paper-handling port and also specializes in containers, bulk commodities and building materials.

Property

Forth Ports' property business owns 400 acres (1.6 km2) of land which are available for development and which form the major part of Edinburgh's waterfront.

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gollark: I mostly run it very cheaply.

See also

References
  1. Annual Report 2010 Archived 1 June 2011 at the Wayback Machine
  2. https://www.ship-technology.com/news/arcus-sell-shares-forth-ports-psp-investments/
  3. Forth Ports History
  4. Forth Ports to expand Nordic
  5. Forth Ports agrees £751 million takeover Financial Times
  6. Fraser, Douglas (3 June 2011). "Port assets go forth". BBC News. Retrieved 8 June 2011.
  7. Forth Ports announces Arcus’ sale of its shares Arcus Infrastructure Partners 3 October 2018
  8. About Us Forth Ports
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