Sea Containers finalizes British port sale

Sea Containers, the global transportation and hotels group, has finalized the $22 million sale of the English Channel port of Newhaven to a French investment group.

The group, led by the Seine Maritime General Council, plans to launch a freight ferry service between Newhaven and the French channel port of Dieppe. P&O Stena, the Anglo-Swedish ferry operator, abandoned the route more than two years ago.

A ship has already been chartered for the new service, which will operate two round trips daily and is expected to generate $9 million in revenue in its first year. It will face fierce competition from the Channel Tunnel as well as ferry lines operating on the main routes between Dover and Calais. The new owner, however, says it will break even within three years.

Sea Containers put Newhaven up for sale after it decided to exit the ports business. It has sold the Port of Heysham in northwest England to Mersey Docks and Harbour Co., owner of the Port of Liverpool, and is seeking a buyer for the English Channel port of Folkestone.

Relevant Directory Listings

Listing image

SwipBox

Focus on the user experience SwipBox is focused on creating the world’s best user experience for delivering and picking up parcels using parcel lockers. Through a combination of intuitive network management software and hassle-free, app-operated parcel lockers, SwipBox delivers maximum convenience to logistics providers, retailers […]

Find out more

Other Directory Listings

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

 

News Archive

Pin It on Pinterest

Post & Parcel
PHLPost to open more Next Day Delivery hubs this month
IPC: Online purchases from China are on the rise again, driven primarily by Temu
Austrian Post: This is an impressive confirmation of our international market presence
Ukrposhta joins forces with Temu to ensure Ukrainians have access to the items they need
New Executive Vice President to “drive Geopost’s ambitions in the strategic out-of-home segment”
PHLPost to open more Next Day Delivery hubs this month
IPC: Online purchases from China are on the rise again, driven primarily by Temu
Austrian Post: This is an impressive confirmation of our international market presence
Ukrposhta joins forces with Temu to ensure Ukrainians have access to the items they need
New Executive Vice President to “drive Geopost’s ambitions in the strategic out-of-home segment”
1
2
3
4
5
Listing image
Listing image
Listing image
Listing image
Applications for the World Post & Parcel Awards are open
UPS opens new Dutch “super hub” in Eindhoven
Unite will push for general election over Brexit
ERPG stakeholder forum
Share This