Port of Dover Prepared for Brexit: Drewry
Alternative capacity could be provided by short-sea container services between the UK and EU to alleviate possible congestion at the Port of Dover post-Brexit.The Port of Dover is the cross-channel port situated in Dover, Kent, south-east England. It is the nearest English port to France, at just 34 kilometres (21 miles) away.According to a new study by global shipping consultancy Drewry the Port of Dover had the capacity to cope with moderate Brexit disruption.The earlier study, validated by the Port of Dover, concluded that of the 2.5 million trailers going via Dover, around 20% (i.e.
USD79mln Funding for Port of Tyne
The Port of Tyne, which comprises the commercial docks in and around the River Tyne in Tyne and Wear in the northeast of England, has secured a GBP60m ($79m) refinancing package from Lloyds Bank to support its ambitious investment program.North East England port said in a release that the five-year agreement, which comprises a £30m revolving credit facility and a £30m term loan, provides the port with capital to develop several major infrastructure projects.This is the latest in a series of landmark North East infrastructure deals supported by Lloyds Bank…
Maersk Moves North-East England Coverage to Hull
A.P. Moller - Maersk, an integrated container logistics company, announced that it is moving its North-East England coverage from Immingham to Hull.The existing connection between Immingham and continental Europe, will change to Hull, enabling better accessibility for local shippers and offering convenient connection with mainline services."Starting January 12th, 2019, the short sea service, operated by BG Freight and currently calling Immingham, will be moved to Hull Container Terminal in East Yorkshire…
London Thamesport Eyes Short-Sea Container Hub Status
Hutchison Ports London Thamesport’s growing reputation as a short-sea container hub has been further enhanced by Helsinki-based Containerships plc’s introduction of a second weekly service from Gdynia, Poland.Containerships has chosen the Kent based port for its second direct service to and from the southern part of the UK. The service offers regular and fast connections with Poland, with improved service and transit times from Gdynia of 3-4 days and 4-6 days for the return journey.Mark Taylor…
Financing for Dudgeon Wind Farm
London, UK, May 12, 2016: The developers of one of the world's largest offshore wind farms announced the limited recourse financing for the project today, having reached financial close in six months. The GBP1.3 billion long-term financing will fund the capital requirements of the 402-megawatt (MW) Dudgeon Offshore Wind Farm, currently under construction 32 kilometres out to sea from the North Norfolk coast of East England. The Mandated Lead Arrangers comprise The Bank of Tokyo-Mitsubishi UFJ…
North P&I, Sunderland Merge to Form North Group
North of England P&I Association (North) and Sunderland Marine Mutual Insurance Company Limited (SMMI) merged to form the North Group on Friday 28 February 2014 following approval by the Bank of England’s Prudential Regulatory Authority and other U.K. and overseas regulators. The merger between two of the longest-established and most successful international marine insurance businesses - both of which are based in north-east England - has created one of the largest global marine insurance operations…
North P&I and Sunderland Marine to Merge
The members of North of England P&I Association (North) and Sunderland Marine Mutual Insurance Company Limited (SMMI) have voted in favor of the clubs' recent proposals to merge. A target date of February 21, 2014 has been set for the merger, which will create one of the largest marine insurance operations. At their general meeting on 16 January 2014, North's members approved the terms of the merger framework agreement signed by the two north-east England based mutuals last month.
P&I Clubs Mull Merger
The North of England P&I Association Limited (North) and Sunderland Marine Mutual Insurance (SMMI) Company Limited are discussing a possible merger. The decision by the boards and senior management teams of the two north-east England based mutuals follows a strategic alliance, by way of a reinsurance contract between the two companies, which commenced in January 2012. North's Chairman Pratap Shirke says, ‘As a result of the business similarities between North and SMMI and their complementary global operations, we have now agreed in principle to investigate the practicalities of a merger.
Finnish Ambassador for the UK visits Teesport
The Finnish Ambassador for the UK recently visited PD Ports owned Teesport, to see the facility’s latest cranes, purchased from a Finnish manufacturer. As part of his tour of north-east England and Edinburgh, Ambassador Pekka Huhtaniemi visited the port with his wife, Liisa Huhtaniemi, met with senior port officials and was taken on a tour of the dock estate and shown around the port on a launch boat. Mr Huhtaniemi then viewed the four new RTG (rubber-tyred gantry) cranes delivered to Teesport on 18 August.