---

The Port of Felixstowe, the UK's largest container port, will formally open a new deep water shipping terminal today, 28th September 2011. The new terminal, which consists of two berths - Berths 8&9 - is the first stage of GBP 1 billion plus inward investment programme in Hutchison’s UK ports.

Currently, the Port of Felixstowe deals with over 40 per cent of the country’s container cargo with around GBP 60 billion of imports and exports passing through Felixstowe each year. The expansion of the port could add a further GBP 20 billion to this figure.

Berths 8&9 are the only ones in the UK capable of handling the largest container ships currently on order and the new facility will be equipped with seven of the largest container cranes in the world. Each crane is able to manage ships with containers stowed 24-wide on deck. This capability will allow the world’s largest and most efficient ships to import goods directly to the UK.

The new berths will significantly enhance the UK’s supply chain infrastructure. At present large container ships coming from East Asia to Europe only make three or four stops at ports across Europe and with the construction of Berths 8&9, the port says that Felixstowe will now be one of the ports on the ships’ calling cards.

David Gledhill, Chief Executive Officer of HPUK commented: "As an island nation, a huge proportion of the goods on the high street are imported in containers and more come through the Port of Felixstowe than anywhere else. As container ships get larger it is crucial ports like Felixstowe stay ahead of the game and ensure the UK is ready for the introduction of the next generation of container ships. Failure to provide facilities for the new container ships would mean the world’s most efficient ships could not dock in the UK, driving up the cost of imports and making UK exports less competitive.

"As well as providing a boost to British business the investment programme planned for Felixstowe will also benefit the local area. Over 32,000 individuals are currently employed, directly or indirectly, in the Haven Gateway, of which the Port of Felixstowe is a part. The expansion of Felixstowe will create 1500 new jobs, a massive boon for employment in the region."

As part of the project the port will construct a third rail terminal in 2012. With capacity for 30-wagon long trains, it will be the longest terminal, of its type in the UK, doubling the rail terminal capacity at the port and allowing for more goods to be transported across the country year-on-year.

Clemence Cheng, Managing Director, Central Europe of Hutchison Port Holdings (‘HPH’), said: "The Port of Felixstowe was HPH’s first investment outside Hong Kong, and this exciting new development underscores our ongoing commitment to ensuring that it has the facilities to retain its position amongst the world’s leading ports. Our latest investment will help ensure that the UK remains a direct-call destination for the latest generation of ultra-large container ships."

John Cridland, Director General, CBI said: "Ninety per cent of trade in the UK passes through the country’s ports and the expansion of Felixstowe further confirms the strategic importance of the port for British business. During the last decade many exporters concentrated on the European market, however, economic growth in Europe has slowed considerably, whilst growth in East Asia has accelerated. It is therefore essential that the UK is able to export and import goods on a global basis and the expansion at Felixstowe will be a key asset in achieving this."