The WSA is an agency of the UK Ministry of Defence (“MoD”), and Serco Denholm is a joint venture formed to combine the shipping expertise of Denholm Group and the service industry knowledge of Serco.

The MoD and Serco Denholm have jointly developed this new partnering agreement to progressively introduce efficiency measures and innovation in order to reduce the overall output costs of Marine Services. The long-term aim of the MoD is to prepare Marine Services for a PPP/PFI procurement programme. The agreement caters for the delivery of In-Port and Out-Of-Port Marine Services over the next three years whilst generating new and original solutions for the long-term provision of these services.

Christopher Hyman - Serco’s Chief Executive added:

“Serco has long been an advocate of partnering with its customers and strongly supports the notion of good long-term relationships built on sound working practices and trust. The formal recognition of this agreement with the WSA and MoD indicates the clear benefits that accrue to both sides in such an arrangement. We very much look forward to working with the WSA and identifying long-term mutually beneficial operational solutions that deliver best value marine services for the future”.

John Denholm - Denholm’s Chief Executive added:

“We are delighted that the Ministry of Defence has awarded this partnering contract to Serco Denholm. Together with Serco we will continue to provide the Ministry of Defence with a high standard of service and to generate efficiencies for the future”.