Thursday, June 22, 2017

EIB and Dublin Port to Hammer Out EUR 100 Million Loan Deal

December 3, 2015 by  
Filed under Port Services & Renewables

The Vice President of the European Investment Bank (EIB), Jonathan Taylor, will meet today with Dublin Port Company representatives to finalize EUR 100 million (USD 110.5m) financing arrangements for Dublin Port’s Alexandra Basin Redevelopment (ABR) Project. The EIB has committed to providing the EUR 100 million loan amortizing over 20 years, marking the first time in 20 years for the EIB […]

DP World Nabs 25-Year Southampton Port Licence Extension

December 3, 2015 by  
Filed under Editorials

UAE-based port owner and operator DP World Limited said that it has agreed with Associated British Ports (ABP) to extend the license agreement for DP World Southampton for a further 25 years until 2047. Simultaneously, DP World announced that it has acquired the remaining 49% stake in DP World Southampton from ABP, making DP World […]

Idle Boxship Fleet Passes 1 Millon TEU Mark

December 3, 2015 by  
Filed under Editorials

The global fleet of containerships above 500 twenty-foot-equivalent units made idle has breached the 1 million TEU mark amid depressed containership market, according to Alphaliner. Just in the last two weeks, a total of 35 ships of 109,000 TEUs were made idle. The volume of idle capacity doubled since September, when idling of containerships across the global fleet reached the […]

Rolls-Royce: First Unmanned Ferry Could Be Just Five Years Away

December 3, 2015 by  
Filed under Editorials

The first remote-controlled ferry demonstrator could hit the water within four to five years thanks to a new wave of research into operational efficiency based on ship intelligence solutions, according to Oskar Levander, Vice President for innovation, engineering & technology at Rolls-Royce Marine in Finland. Levander suggests that the maritime industry is at the dawn of […]

Offshore Headwinds to Hit Rolls-Royce Harder than Expected

December 3, 2015 by  
Filed under Editorials

A devastating offshore market is expected to impact UK-based developer and producer of marine engines Rolls-Royce harder than expected in 2016. In the guidance for 2015, the company announced that its marine performance continued to be impacted by weakening offshore markets and continued deferment or cancellation of orders. The company expects a further 15-20% decline in offshore marine […]

Significant new mega-ship facility opens at Port of Felixstowe

December 3, 2015 by  
Filed under Editorials

The Berth 9 Extension at the Port of Felixstowe, the Port of Britain, has been opened by Dr Therese Coffey MP, Deputy Leader of the House of Commons. The 190-metre extension increases the port’s capability to work two of the world’s largest containerships simultaneously. More than eighty ships of 18,000+TEU have already been handled at […]

Heightened presence at United Kingdom ports after Paris terror attack

December 3, 2015 by  
Filed under Editorials

Coordinated terror attacks leave dozens dead in Paris The French President Francois Hollande has blamed Islamic State for last night’s wave of terror attacks in Paris in which 128 people were killed. “Terrorist attacks of an unprecedented level are under way across the Paris region”, Hollande said in an emotional televised message. Another was killed […]

Paris terror attacks prompt increased security at UK ports and events

December 3, 2015 by  
Filed under Editorials

There will be a heightened police presence at British ports and major  events over the coming days in response to the massacres in Paris, a senior Metropolitan Police officer has said. Mark Rowley, the assistant commissioner for specialist operations in London, said the UK’s official terror threat level was already at “highly likely” – the […]

Port strike brings travel chaos across South East

August 11, 2015 by  
Filed under Port Services & Renewables

A strike at the French port of Calais has led to travel chaos, with Eurostar services cancelled and part of the M20 motorway being closed. Ferries are stuck at Dover and lorries have been parked on the M20 in Kent, waiting for services to resume. The strike, which has now finished, led to suspension of […]

Product Tanker Hijacked off Indonesia

August 11, 2015 by  
Filed under Port Services & Renewables

A product tanker was hijacked by a group of armed pirates while underway off Indonesia. Around 15-25 pirates armed with pistols boarded the tanker some 62nm North of Pulau Uwi, Indonesia, International Maritime Bureau’s (IMB) piracy reporting center informed. Once on board, the pirates took the crew hostage and robbed their belongings. The group fled […]

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