HSBC UK SUPPORTS MARITIME’S EXPANSION PLANS

Maritime Transport, a market-leading transport and logistics operator, is making a number of major strategic changes to strengthen the business for the future, after securing an eight-figure finance package from Birmingham-based HSBC UK.

 

The funding has allowed the business to develop its existing freehold property portfolio, creating a strong network of strategic rail freight interchange hubs across the country. Furthermore, Maritime, headquartered in Felixstowe, has used part of the funding to purchase new, state-of-the-art intermodal equipment to facilitate the development of rail-borne services and to help take long haul freight off the road.

 

The Company recently announced the launch of ‘Maritime Intermodal’ and a stream of new road-rail services to and from major container ports. A total of six new daily services have been launched from Felixstowe, London Gateway and Southampton, to Maritime’s inland terminals at Birmingham Intermodal Freight Terminal (BIFT), Trafford Euroterminal and Wakefield Europort.

 

At the end of the year, East Midlands Gateway will open for business.

 

Press Club sponsor HSBC UK has supported these developments with working capital and asset finance loans.

  

Simon Pyatt, Area Director for Corporate Banking HSBC UK, which has provided working capital and asset finance loans, said: “Maritime is an extraordinary business which has grown exponentially under the stewardship of Chairman and owner, John Williams, and his management team in the last 18 years. HSBC UK is really pleased to be involved with a pedigree, market leader with such exciting plans and we look forward to supporting the business as they grow.”