P&O Ferrymasters refurbishes 304 trailers in collaboration with TIP Group

AMSTERDAM, June 25 – TIP Group enhances the lifespan of 304 curtainsider trailers in P&O Ferrymasters’ fleet with comprehensive refurbishment services.

refurbishment deal P&OFM

P&O Ferrymasters is a leading pan-European ferry and logistics group that is committed to convert intra-European transportation into multimodal solutions while simultaneously identifying alternative fuel types and transport optimization tools across all modes. Their goal is to significantly reduce the environmental footprint of transportation. As part of this commitment, refurbishing the fleet of trailers that TIP is leasing to P&O Ferrymasters, which have been in service since 2015, became a priority to drastically cut CO2 emissions, and enhance sustainability while maintaining their reliability and performance.

By partnering with TIP Group, P&O Ferrymasters aims to achieve significant reductions in carbon emissions through a comprehensive refurbishment program and give 304 trailers a second life.

TIP Group, who specialises in truck and trailer leasing, rental, maintenance and repair services will extensively refurbish these trailers, including a.o. the installation of new roofs, new curtains, and the replacement of brakes and air suspension systems. Additionally, maintenance and repair (M&R) work on the chassis ensures that each unit meets the highest standards of safety and efficiency. Throughout the refurbishment process, TIP has offered trailer replacements to P&O Ferrymasters, minimizing downtime and ensuring that their logistics operations remain uninterrupted.

This refurbishment project brings numerous benefits to P&O Ferrymasters. By extending the lifespan of these trailers, P&O Ferrymasters can continue to rely on the existing fleet, reducing the need for significant capital expenditures on new units. The enhanced performance and reliability of the refurbished trailers will support P&O Ferrymasters 's operations over the next three years, and potentially beyond, under the leasing contract with TIP. Moreover, the project significantly contributes to P&O Ferrymasters’s sustainability goals by drastically reducing carbon emissions.

“By refurbishing 304 trailers in collaboration with TIP Group, P&O Ferrymasters is significantly extending their lifespan and reducing our environmental footprint. This initiative aligns perfectly with our sustainability strategy, allowing us to reuse existing assets rather than discarding them, ultimately enhancing sustainability. We are proud to partner with TIP Group in this endeavour, showcasing our commitment to more sustainable logistics solutions.” - Lieven Severijns, Chief Operations Officer Landside Products, P&O Ferrymasters.

The partnership with TIP highlights the effectiveness of proactive maintenance and refurbishment strategies in the transportation industry. TIP Group has years of experience in the overhaul of trailers, with various experts specializing in trailer refurbishment. This expertise makes an asset overhaul a favourable option, providing customers with high-quality refurbished equipment quickly while significantly reducing their CO2 footprint.

“This well managed project is another way for TIP to extend our service to our long-lasting customer P&O Ferrymasters, by helping them to have the best fleet of trailers available for their daily operations all over Europe, while at the same time reducing their CO2 emissions” says Peter Jan, Vice President TIP Benelux.

Refurbishment vs. manufacturing: reducing emissions

Embracing refurbishment supports TIP Group’s circular economy initiatives, fostering sustainability and reducing carbon emissions. This approach not only extends the life of existing trailers but also diminishes the environmental burden of new trailer production. In the context of the P&O Ferrymasters partnership, refurbishing 304 trailers will prevent around 1,732.8 tonnes of CO2 from being emitted, highlighting the substantial environmental impact of this initiative. This project illustrates TIP Group's dedication to sustainable practices and reducing its carbon footprint.

So far, TIP has successfully refurbished 256 of P&O Ferrymasters 's trailers, with the remaining 48 scheduled for completion by the end of June. This effort underscores the dual benefits of refurbishment: operational efficiency and significant environmental savings, reinforcing TIP Group’s commitment to sustainability in the transportation sector.

About TIP Group

TIP Group is European market leader providing lease & rental full-service equipment solutions for over 55 years. TIP Group, headquartered in Amsterdam, has an extensive fleet of trailers, trucks, reefers, chassis and specialized equipment. With a network of 135 service locations spanning across 17 countries and with a fleet of over 90,000 assets. TIP Group specializes in delivering a highly customizable approach, offering flexible leasing and rental options, maintenance and repair, digital solutions, sustainable initiatives and used equipment sales. With the commitment to shaping a more environmentally conscious future, TIP Group is proudly partnering to achieve sustainability targets faster and at bigger scale.

TIP Group has been awarded with the European Truck Parking of the Year 2024, in the category for large parking (more than 50 spaces). Their Delta Park offers secure parking and received an Gold Certification according to the EU-Parking standard. Additionally, TIP Group places high value on its people and sustainable business practices. The company is proud of its certification as a 'Great Place to Work' and its EcoVadis Silver rating, placing TIP Group in the top 20 per cent of over 100,000 companies worldwide.

About P&O Ferrymasters

P&O is a leading pan-European ferry and logistics group at the heart of Europe’s economy and a part of DP World, the leading provider of smart logistics solutions and enabler of the flow of trade across the globe. P&O Ferries is a major provider of freight transport and passenger travel services, sailing on eight major routes between Britain, France, Northern Ireland, the Republic of Ireland, Holland and Belgium. Working closely with P&O Ferries, Its logistics business P&O Ferrymasters operates integrated road and rail links to countries across the continent including Italy, Poland, Germany, Spain and Romania, and facilitates the onward movement of goods to Europe from Asian countries via the Silk Road.

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