Offshore engineering company Royal IHC has made a long-term commitment to the Port of Blyth in the north-east of England.
Following the deal, Royal IHC is planning to expand and create new jobs at the port.
The expansion is being aided by improvements by the port at Royal IHC’s south harbour terminal, including construction of a new office to house over 60 staff.
Workshop space has also been expanded and parking facilities improved.
Port of Blyth chief executive Martin Lawlor said: “We’re thrilled to have concluded these negotiations and to come to an agreement with a high profile market leader like Royal IHC.
“They have been a key component in the growth of the offshore energy support base at Port of Blyth since they arrived and their commitment highlights the exciting times that clearly lie ahead for the port, with infrastructure improvements ongoing and other major opportunities being pursued.”
Royal IHC managing director Paul Hardisty said: “Since transferring our main UK construction facility to the Port of Blyth we have worked closely on developing a strong mutually beneficial partnership.
“This long term agreement confirms Royal IHC’s confidence in Port of Blyth as the right location to deliver our increasingly innovative products into growing markets.”