Released on: April 21, 2008, 3:46 am

Press Release Author: Sarah A. Chase

Industry: Transportation & Logistics

Press Release Summary: - PD Ports has announced the signing of a ten year land
lease with North East based subsea contractor, CTC Marine Projects (CTC). This
agreement cements an already established relationship between the two parties that
has supported CTC's four strong fleet for a number of years on the river Tees.

Press Release Body: London, 21 April 2008 - PD Ports has announced the signing of a
ten year land lease with North East based subsea contractor, CTC Marine Projects
(CTC). This agreement cements an already established relationship between the two
parties that has supported CTC's four strong fleet for a number of years on the
river Tees. CTC, who specialise in trenching for subsea pipelines, flow-lines and
cables, operate from the PD Ports' facility at Teesport Commerce Park in South Bank,
Redcar. The site includes a heavy lift quay equipped with a 200 tonne crane and
adjacent storage area for CTC's state of the art trenching fleet and associated
equipment.

Teesport has a long history of supporting the North Sea oil and gas industries. In
addition to the facilities at Teesport Commerce Park, the port of Hartlepool has
also long been associated with offshore work, in particular for the construction of
new platforms and modules. In recent years the port has been regularly used as a
spooling and fabrication facility for sub-sea pipelines.

PD Ports' heavy lift quay facility at Teesport Commerce Park will be used as a
supply base for the subsea contractor to undertake specialist offshore work. Based
in Darlington, CTC employs 220 people and has an annual turnover of £55m. In
addition to the berth and adjacent land CTC will also continue to lease a nearby
warehouse for repair and maintenance of its sub-sea ploughs.

Graham Wall, Commercial Director - Teesport & Port Services, said: "This is a very
positive new step forward for Tees Commerce Park and highlights Tees and
Hartlepool's growth potential in the offshore support sector. PD Ports plans to
further promote its offshore service offerings this year at exhibitions in Houston,
Texas and Aberdeen, aimed at generating other similar opportunities which will be of
benefit to the Tees Valley and the local business community."


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Contact Details: For more information, please contact:

Sarah A. Chase
Head of PR for Image Line Communications
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fax +44 (0)20 7689 8008
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email pr@imageline.co.uk
www imageline.co.uk
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