Menu

Ireland's sailing, boating & maritime magazine

Displaying items by tag: UK Ports Deal

According to InsiderMedia, APG, Global Infrastructure Partners and AustralianSuper have agreed to acquire a 37.4% holding in Peel Ports Group from DWS. 

Peel Ports (the UK's second largest ports group) is behind the likes of Liverpool2 and Manchester Ship Canal.

The transaction is expected to close in the first quarter of 2022, pending regulatory review and approvals.

Peel Ports is a critical UK infrastructure asset and responsible for the operations and management of a network of seven strategically located ports around the UK and Ireland (where Afloat adds in Dublin Port is their MTL Terminal serviced also by the group's subsidairy BG Freight Line). 

Mark Whitworth, chief executive of Peel Ports Group, said: "The ambitious partnership between shareholders and management has been a cornerstone of the company's success and we look forward to building on those achievements with our new like-minded Shareholders APG & GIP, alongside The Peel Group and AustralianSuper."

More on the story here.

Published in Ports & Shipping

About Quarter Tonners

The Quarter Ton Class is a sailing class of the International Offshore Rule racing the Quarter Ton Cup between 1967 and 1996 and from 2005 until today.

The class is sailed by smaller keelboats of similar size and is likely the world's most-produced keelboat class.

The Ton, Half, Quarter, etc. 'classes' were each given a 'length' and yacht designers had almost free rein to work the hull shapes and measurements to achieve the best speed for that nominal length.

The Ton Rules produced cranky and tender boats without actual downwind speed. Measurement points created weird, almost square hull shapes with longish overhangs.

They were challenging to sail optimally and lost value very quickly as any new wrinkle (e.g. 'bustles') to take advantage of the rule made older boats very quickly uncompetitive.

Although its heyday was 30 years ago, the boat class continues to make its presence felt by holding its own in terms of popularity against some fern race fleets.