Small team of employees at the Caithness port will now transfer over to ASCO
Oil and gas logistics firm ASCO has acquired the remaining 50 per cent stake in Scrabster Port Services in Caithness.
ASCO, which acquired a 50 per cent stake in the facility in 2009, said this latest deal, believed to be worth a six-figure sum, will further enhance its North Sea offering, particularly in West of Shetland.
Scrabster Port Services' small team of staff will remain with the business as ASCO employees.
A development programme is also currently taking place at Scrabster to expand its deepwater quay which will increase berthing capacity.
Andrew Macdonald, ASCO’s chief executive for its European region, said: “The acquisition of the remaining 50 per cent stake in Scrabster Port Services supports ASCO’s international growth strategy.
“Scrabster will be a key logistics hub as the substantial West of Shetland fields come on-stream in the coming years.
“It offers established quayside services and a fast, direct shipping route to offshore fields from the UK mainland.
“Our presence in Scrabster is great news for our clients who are actively looking for suitable, efficient logistics solutions to support their work in the northern North Sea and to service the West of Shetland.
“Today’s announcement is also great news for the local community as it reinforces our commitment to Caithness.”
William Calder, chairman of Scrabster Harbour Trust, said: “Scrabster Harbour Trust welcomes the news of the ASCO acquisition.
“This reflects ASCO’s confidence in Scrabster’s pivotal role supporting the major oil and gas developments emerging West of Shetland.”
Scrabster Port Services was established in 1997 and has acted as a hub for offshore and production support west of Shetland, on the Atlantic frontier, and in the waters surrounding Faroe.
It also handles cargo tonnage and works with cruise ship and research vessel operators.