Multi-million pound investment
The agreement will now spark a multi-million-pound investment in the yard, which has two dry docks and extensive workshops across its 10-acre site but will benefit from extensive modernisation in the next few years.
UK Docks’ managing director, Jonathan Wilson, said: “We are delighted to have taken over the site and look forward to redeveloping it and restoring it to a functional facility again.
“We see a lot of potential and possibilities in the site and have a five-year plan to maximise it as an asset.
“Work will start immediately bringing it back to life, and we expect to have it effectively operational again very soon.
“The lease effectively trebles UK Docks’ footprint on the Tees from five acres to 16.5 acres, and we plan to have both sites working in harmony with each other to the benefit of our customers.”
Frans Calje, chief executive officer of PD Ports, said: “We are delighted to agree this deal with UK Docks, which will see the full complement of dry docks on the Tees brought back into use and with great plans to upgrade the facilities.
“The dry docks at Tees Commerce Park have been a key part of the river economy for many years, back to the days of Smith’s Dock, and play a vital role in servicing and maintaining the many vessels that visit and work on this river.”
Largest, independent, family-owned ship repair company in the country
The expansion consolidates UK Docks’ position as the largest, independent, family-owned ship repair company in the country and represents its second significant investment in Teesside.
Established by the Wilson family on a single slipway in South Shields in 1992, UK Docks expanded to revive boatyard and ship repair sites at Cremyll and Gosport on the south coast and, just over a decade ago, took over the former Smiths Dock Ship Repair Company on the Tees.
After extensive restoration of the dilapidated site, it received its first vessel in 2015 - almost 30 years after Smiths closed.
UK Docks’ original 2014 investment saw the company acquire two dry docks, measuring 137 metres by 18.6 metres (No. 4 Dock) and 167.6 metres by 20.4 metres (No. 3 Dock), as well as a fully equipped repair berth, cranes, workshops, and a storage facility.
The new lease will see two more docks added—one measuring 175.26 metres by 22.25 metres and the other 120 metres by 17.3 metres. The bigger of the two dockyards will allow UK Docks to tender for a broader range of vessels.
In addition, the newly leased yard offers lay-by berths, an extra 200 metres of quay space, extensive fabrication, engineering workshop facilities, and laydown areas.