PEEL Ports, a major UK port operator, aims to attract cargo to Liverpool from Southampton, Felixstowe and London gateways with a new GBP300 million (US$445.92 million) deep water container terminal, reports Reuters.
Peel Ports, which handles 70 million tonnes of cargo annually and generates revenues of GBP800 million a year, owns several ports in the UK and Ireland. It is also developing a separate logistics hub in Manchester.
Liverpool will become a cargo transfer point for Manchester and beyond using smaller vessels via the 36-mile long Manchester Ship Canal waterway, which Peel Ports also controls.
Peel Ports said 50 companies had already signed up to the project to move their routes from southern ports to Liverpool, including spirits giant Diageo, discount store chain B&M, car maker Jaguar Land Rover and clothing and homewares retailer Matalan.