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Blyth banks expansion investment

The port of Blyth in the UK has announced a GBP12 million (USD16 million) banking facility with Lloyds Bank that will enable the next phase of its expansion.

The port is set to make major investments in its terminal infrastructure and the construction of warehousing facilities, as well as strengthening quays and installing new cranes, to support clients in the offshore energy, dry and liquid bulk sectors.

Chief executive of the port, Martin Lawlor, said: "We will shortly begin work to join our Bates and Wimbourne Quay terminals in order to offer clients a more flexible and future-proofed single terminal, while work to develop both our dry bulk handling and offshore decommissioning offerings at our Battleship Wharf terminal will follow."

According to the port of Blyth, developments in recent years have encouraged the arrival of major clients including Royal IHC, Global Marine Group and Deep Ocean.

 

www.portofblyth.co.uk

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