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New £400 million container terminal opens in Liverpool
Liverpool2, a new deep-water container terminal, has opened at the Port of Liverpool, following a £400 million investment in the facility by operator Peel Ports. The terminal is intended to boost UK trade with the US, Canada and South America.
The port will have the capacity to handle 1 million containers a year, while also providing an ocean trading gateway for an estimated 35 million people via road, rail and canal. It will be able to accommodate the world’s largest cargo vessels, in response to a growing trend towards extra-large container ships worldwide.
The investment will to lead to “even more opportunities with new markets and export destinations for UK businesses”, according to Liam Fox, Secretary of State for International Trade, who officially opened the terminal on November 4th.
Liverpool is already the UK’s biggest transatlantic port, currently holding a 45% share of the market.