Maritime Development in Bangladesh : Ports and Terminals
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Port Evo. Port experience doc.2016
1. 1
Port Evo
Port Evo was established by James Sutcliffe in 2007 to encapsulate the previous 17 year history of
port ownership, development, operations and management services. This included general cargo,
container operations, bulk coal, grain, steel, paper and oil & gas facilities, port floatation’s and
acquisitions, Green field port developments and international Government advisory work on new
projects.
Port of Boston
1990-1999 Port of Boston Ltd, Lincolnshire, East Coast UK.Acquired by James Sutcliffe in 1990 from
the local Municipal Council, POB was the first UK privatisation of a Municipal port. It was reversed
into a Public Listed company in 1996 to provide development capital. The parent company was
acquired by another group in 1999. Annual tonnage 1.3M – 300-400,000 tons grain exports, < 50,000
containers, 350,000 tons steel imports, 300,000 paper inmports, general cargo.
Port of Boston expanded its operations under our ownership to include a 15,000 sq M paper
handling terminal, a 10,000 sq M steel terminal with quayside access and under cover rail loading,
new container traffic and a new rail link to the UK Midlands. The port was the first to introduce “flexi
working” in the UK and non Unionised labour. Ashtenne plc acquired the company in 1999.
2. 2
PD Ports Plc
2004-2006: Teesport, Middlesborough, North East ,UK.
PD Ports Ltd was acquired by James Sutcliffe and his management team from Nikko Investments,
London in 2004 for ÂŁ475M. Floated on the AIM market it was lifted onto the London Stock Exchange
in 2005 as a fully Listed company.
“Teesport” is the second largest port in the UK, handling 50 million tonnes of cargo a year.
It includes 40 million tonnes of oil and chemicals, steel, coal and general cargo, < 200,000 containers
and 20,000 trade cars. The port covers 2000 acres of land and employs 1600 people. It is also a
statutory Harbour Authority for the river and sea area.
Over the two years of ownership the management transformed the port into a Super Market
distribution business, attracting Asda and subsequently Tesco onto the site, developing some of the
largest warehousing and distribution facilities in the north of the UK. The management also
commenced discussions with the Government to establish a large deep sea container terminal for
1.2 million Teu a year.
PD Ports Plc also owns Hartlepool Docks and operates at Immingham, Hull and Felixstowe on the UK
east coast.
The business was sold to Babcock & Brown in 2006 when the company was offered a substantial
premium over the quoted share price.
3. 3
DCT Gdansk, Poland.
2003- 2007: DCT Gdansk SA. Green field , $200M private investment at Gdansk Poland. 500,000 Teu
container terminal with up to 6x 650m rail sidings and road connections to local motorway.
James Sutcliffe founded the project in 2003 and raised 200 million Euro to build the facility. Planning
Permission was obtained in 2004and the port development started from a green field site in October
2005. Following only a 22 month construction period the entire, fully operational, state of the art
container port complex was completed on 2nd
June 2007.
First ship arrival: 2nd
June 2007.
The Terminal has 620m of quay, 16M deep, fully integrated internet based IT community system. 3
STS 22 outreach cranes and 6 RTG’s + 2 reach stackers and offices for 400 staff.
4 X 650M container train rail sidings and RMG loading. 10,000M2 warehouse and Maintenance
building.
The Terminal is now handling 1000,000Teu per annum and expanding into Phase Two under its
current ownership.
4. 4
Calabar, Eastern Nigeria 2011/15
Port Evo were engaged by the Governor of Cross River State in 2010 to deliver a world class Oil &
Gas Rig support base at Calabar. This development is situated in 350 hectares of jungle adjacent to
the City on a peninsula surrounded on three sides by the river. Calabar is 85 Km from the sea and the
Gulf of Guinea where some 200 oil and gas rigs are based.
Port Evo completed all the pre-construction design, environmental and bore testing studies,
including sourcing 10M M3 of sand for the site levelling. The project is currently on hold pending the
Nigerian Ports authority tender for the river dredging to -10M for commercial vessel operations.
Update
This project is due to recommence in 2015.
5. 5
Karanja Port, Mumbai, India
James Sutcliffe is a Director of Skil Ports & Logistics, an Aim Listed company based in
Mumbai, India. The project is to construct a new green field port with a 1000M quay to
relieve congestion at JNPT, India’s largest container port, by off-loading containers from ship
onto barges and handling them onshore at the new facility. This will include stuffing and de-
stuffing containers, steel cargoes and general bulks. http://www.skilpl.com/news.html
The port is scheduled to commence operation later this year
Port Projects
Advisory:
Over the last 25 years the company and James Sutcliffe have been involved with major acquisitions
and port development work in the UK and overseas.
See List below:
6. 6
Portfolio:
UK; Rutland Trust. ÂŁ56M buyout Thamesport 1996
UK; Deutsche Bank ÂŁ1.7B acquisition, transport sector.2001
UK; Patron Capital Ltd re ÂŁ100M. Simon Group Plc bid.2003
Sri Lanka: Sri Lanka consortium for $530M Container Term. 2007
Russia: OMG Vyborg, Russia: $200M redevelopment Sept 2008.
Bangladesh Government: new river port infrastructure and development. 2009
Nigeria, Cross River State Government: new oil & gas rig support base. 350 hectares 2010-2012
Slovakian Government: new Danube river port complex and manufacturing base. 2014 to date.
Private Equity investments: Serbia and Romania port acquisitions. 2014/2015.
End.