UK's Teesport Hikes Tariffs

 

PD Ports initiated a series of voluntary consultative discussions with the ICS (North East Branch) and the Tees and Hartlepool Port Users Association (THPUA). Following these consultations PD Ports will be increasing all Port Dues Tariffs by 1.0%, broadly in line with current UK RPI, from 1 January 2016.

This 1% increase to tariffs is a holding measure whilst the overall impact of the SSI closure as it impinges on the broader River is assessed.

Since the closure of SSI UK and the loss of some 25% of port volumes PD Ports has, for its part, undertaken a number of measures to deal with the consequences of this very profound business reduction.

A programme of cost reduction measures, which regrettably includes job losses, is presently being undertaken within the business running in parallel with an urgent assessment of what new business streams can be developed on the River.

In tandem with these measures, and during the  period to 3 March 2016  PD Ports will undertake a review of its tariff structures and levels and with effect from 1 April 2016 will implement new tariffs which will be appropriate for the port traffics which will form the basis of ongoing activities.