Associated British Ports owns and operates 21 ports in the United Kingdom, managing around 25 per cent of the UK's sea-borne trade. The company's activities cover transport, haulage and terminal operations, ship's agency, dredging and marine consultancy.
Ports formerly owned by rail and canal companies were nationalised in 1947 by Clement Attlee's post Second World War Labour government. The commission was split in 1962 by the Transport Act 1962; the British Transport Docks Board (BTDB) was formed in 1962 as a government-owned body to manage various ports throughout Great Britain.[1]
In 1981 the Conservative government of Margaret Thatcher implemented the Transport Act 1981, which provided for the BTDB's privatisation.[2] Because of BTDB's statutory powers as a harbour operator, a straightforward conversion to limited company status was impractical. Instead, BTDB was renamed as Associated British Ports (ABP) and a limited company, Associated British Ports Holdings Ltd. (ABPH), was created, with the same powers in law over ABP as a holding company has over a subsidiary.
In 1983 the British Government allowed the company to become a public limited company quoted on the London Stock Exchange. The company was taken over by a consortium of companies in 2006 and, in August of that year, the company was de-listed from the London Stock Exchange.
As a result of these transactions the shareholdings in the group holding company as of 2015 were: 33.3% owned by Borealis Infrastructure, 33.3% by Anchorage Ports LLP, 23.3% by Cheyne Walk Investment Pte. Ltd (a nominated investment vehicle of GIC) and 10% by the Kuwait Investment Authority.[5]
associated, british, ports, owns, operates, ports, united, kingdom, managing, around, cent, borne, trade, company, activities, cover, transport, haulage, terminal, operations, ship, agency, dredging, marine, consultancy, typeprivatepredecessorbritish, transpor. Associated British Ports owns and operates 21 ports in the United Kingdom managing around 25 per cent of the UK s sea borne trade The company s activities cover transport haulage and terminal operations ship s agency dredging and marine consultancy Associated British Ports ABP TypePrivatePredecessorBritish Transport Commission 1947 British Transport Docks Board 1962 Founded1983Headquarters25 Bedford Street London WC2E 9ES London UKNumber of locations21Number of employees1 927 1 DivisionsHumber Wales amp Short Sea Ports SouthamptonWebsitewww abports co uk Contents 1 History 2 Ports 3 References 4 External linksHistory Edit Queen Alexandra House Cardiff Bay Ports formerly owned by rail and canal companies were nationalised in 1947 by Clement Attlee s post Second World War Labour government The commission was split in 1962 by the Transport Act 1962 the British Transport Docks Board BTDB was formed in 1962 as a government owned body to manage various ports throughout Great Britain 1 In 1981 the Conservative government of Margaret Thatcher implemented the Transport Act 1981 which provided for the BTDB s privatisation 2 Because of BTDB s statutory powers as a harbour operator a straightforward conversion to limited company status was impractical Instead BTDB was renamed as Associated British Ports ABP and a limited company Associated British Ports Holdings Ltd ABPH was created with the same powers in law over ABP as a holding company has over a subsidiary In 1983 the British Government allowed the company to become a public limited company quoted on the London Stock Exchange The company was taken over by a consortium of companies in 2006 and in August of that year the company was de listed from the London Stock Exchange In 2002 ABP bought Hams Hall Distribution Park in the West Midlands from E ON In 2006 a consortium led by Goldman Sachs offered 2 795 billion for the company 3 Tugboat Englishman from Associated British Ports at the celebrations of the Diamond Jubilee of Elizabeth II on 4 June 2012 at the Humber Bridge Hessle East Riding of Yorkshire From 2006 until 2015 the company was owned by a consortium consisting of GS Infrastructure Partners Borealis Infrastructure GIC and Prudential 4 In March 2015 Anchorage Ports LLP an investment consortium led by the Canadian Pension Plan Investment Board and Hermes Infrastructure acquired a 33 3 interest in the business In addition the Kuwait Investment Authority also purchased a 10 interest in the company As a result of these transactions the shareholdings in the group holding company as of 2015 were 33 3 owned by Borealis Infrastructure 33 3 by Anchorage Ports LLP 23 3 by Cheyne Walk Investment Pte Ltd a nominated investment vehicle of GIC and 10 by the Kuwait Investment Authority 5 Ports EditABPH manages the following ports Ayr Port of Barrow Barry Docks Fleetwood Port of Garston Goole Port of Grimsby Hams Hall Port of Hull Port of Immingham Port of Ipswich King s Lynn Port of Lowestoft Newport Docks Plymouth Port of Port Talbot Silloth Port of Southampton Port of Swansea Teignmouth TroonOther port operators in the UK include Peel Ports operate Mersey Docks and Harbour Company and Port Salford Peninsular and Oriental group aka P amp O Group PD Ports Forth PortsReferences Edit a b Transportation Infrastructure Associated British Ports Holdings plc investing businessweek com Retrieved 23 January 2013 Revised Statute from The UK Statute Law Database Transport Act 1981 www opsi gov uk Retrieved 23 January 2013 2 795 Billion Takeover Offer for Associated British Ports Holdings plc 21 July 2006 www ogier com Retrieved 23 January 2013 Company History ABP Retrieved 8 September 2014 Sale of Various Shareholdings in ABP Jersey Ltd Financial Times London RNS 8 July 2015 Retrieved 19 July 2016 External links Edit Transport portalAssociated British Port Holdings Ltd Retrieved from https en wikipedia org w index php title Associated British Ports amp oldid 1140040403, wikipedia, wiki, book, books, library,
