Latest news from Heavy Lift & Project Forwarding International Magazine

Port of Tyne refinances

The UK’s port of Tyne has secured a GBP60 million (USD79.1 million) refinancing package from Lloyds Bank Commercial Banking to support its investment programmes.

The five-year agreement includes a GBP30 million (USD39.5 million) revolving credit facility along with a GBP30 million term loan. These facilities will be used to develop a number of major infrastructure projects at the port.

Lloyds Bank is also financing the construction of MGT Teesside’s 299 MW biomass power station project near the gateway. Samsung C&T and Tecnicas Reunidas (STR) were appointed as EPC contractors for the project and will be responsible for awarding sub-contracts for constructions works.

www.portoftyne.co.uk

Heavy Lift | News

Connor to lead AAPA  thumbnail image

Connor to lead AAPA 

June 25 - The American Association of Port Authorities (AAPA) has appointed Christopher J. Connor to succeed Kurt Nagle as president and ceo. 
Views: 228
ACS expands Australian presence thumbnail image

ACS expands Australian presence

June 25 - Having opened its doors in Australia three years ago, Air Charter Service (ACS) has expanded its operation in Sydney as the company prepares for future growth.
Views: 198

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.