Associated British Ports
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| Type | Private |
|---|---|
| Predecessor(s) | British Transport Commission (BTC) (1947) British Transport Docks Board (BTDB) (1962) |
| Headquarters | London, UK |
| Employees | 2432[1] |
| Website | www.abports.co.uk |
Associated British Ports Holdings Ltd 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.
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[edit] History
Ports formerly owned by rail and canal companies were nationalised in 1947 by Clement Attlee's post world war 2 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, 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]. As of 2010 the consortium (known as 'Admiral') owns the business.[4]
[edit] Ports
ABPH manages the following ports:
[edit] See also
Other Port operators in the UK include:
[edit] References
- ^ a b TRANSPORTATION INFRASTRUCTURE: Associated British Ports Holdings plc. investing.businessweek.com
- ^ Revised Statute from The UK Statute Law Database: Transport Act 1981 www.opsi.gov.uk
- ^ £2.795 Billion Takeover Offer for Associated British Ports Holdings plc 21 July 2006 , www.ogier.com
- ^ OWNERSHIP OF ABP www.abports.co.uk
[edit] External links
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