The largest container ship to call at the Port of Liverpool arrived this week. The HS Paris is the first post-Panamax vessel to stop at Liverpool, and has a capability of carrying more than 6,500 shipping containers.

Previously, the Port of Liverpool’s existing container terminal could only accommodate vessels with a capacity of up to 4,500 shipping containers.

The HS Paris called at Liverpool using the new £400m Liverpool 2 deep water container terminal which opened in November, and increased the size of vessel that the Port can accommodate.

Post-Panamax is a desciption within the shipping industry for vessels that could not fit through the Panama Canal, a significant 48-mile waterway that connects the Atlantic Ocean and Pacific Ocean, prior to its expansion last year. The original locks were 110ft wide, meaning that it couldn’t take wider, more modern ships.

While the new Liverpool 2 berth can accommodate the largest deep sea container vessels, take-up for use of the terminal has been slow. The berth opened a year late due to weather delays, and last month suffered a 10m-wide sinkhole, although according to Peel Ports this did not impact on operations.

Mark Whitworth, chief executive of Peel Ports Group, said: “This is a huge milestone for Peel Ports and the Port of Liverpool. The whole team is delighted to welcome HS Paris to the city for the first time. While we have the capacity to handle vessels up to 20,000 TEU, smaller post-Panamax ships are still very much part of our overall strategy and it’s essential that can accommodate those too. We can now do that thanks to our £400m investment at Liverpool2, providing a shorter route to market for UK importers and exporters, which reduces their costs, congestion and carbon emissions.”

Peel Ports recently announced that it had secured 150 advocates for its ‘Cargo200’ initiative. The campaign calls on importers and exporters whose goods begin or end their journey in the North of the UK to switch delivery of ocean freight from South East ports to the centrally-located Port of Liverpool.

Peel has previously said it is hoping to increase Liverpool’s share of the UK container market from 8% to 20%.

Article Source: www.Placenorthwest.co.uk

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New data from Hometrack has highlighted Liverpool city centre as enjoying the fastest increase in property prices in Q1 2016.

Nationally, the Hometrack UK City House report recorded city house price growth of 4.2% across the quarter. The figure represented the fastest pace of growth for 12 years.

Liverpool stood out not only due to its experiencing the fastest rate of growth of any UK city, but also for topping the tables when it comes to gross yield by city, reaching nearly 7% during the quarter.

High yields and low buying costs make for an exciting environment for investors. The Hometrack data revealed that prices in Liverpool remain 11% below their 2007 peak.

These low prices, along with the high demand for rental property being experienced in Liverpool, means great investment potential and the Prime Centrum team has been working diligently to ensure that the best of these opportunities are passed on to investors.

Buy-to-let investment in Liverpool is thriving. The city is packed with young professionals who want high end homes but who either can’t stretch to the deposit required to buy or just don’t want the hassle of being tied down through home ownership. Their emphasis is on superior accommodation with added benefits – developments that don’t feature some kind of bonus feature, like a stunning roof terrace with waterfront views, simply don’t get a look in.

These young professionals and their families are driving a surge in demand for high quality rental accommodation in Liverpool, so much so that Liverpool is rapidly becoming the city of choice for savvy buy-to-let investors.

 

Contact the Prime Centrum team today for further details on buy-to-let investments in Liverpool.