The 10-year agreement for the facility at the north-east Scotland port, which is heavily used by the North Sea oil & gas industry, will begin on 1 September.
John Wallace, chief executive of Peterhead Port Authority, said of the deal: “We built up a strong portfolio of clients at the Smith Quay base, but it became apparent that we needed a professionally focused and integrated company such as NorSea Group to continue the success and provide the level of service expected at Peterhead, to grow this business further.”
NorSea