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

Heavy Lift | News

Valleyfield secures funding

August 14 - The port of Valleyfield in Canada has received a CAD3.5 million (USD2.67 million) grant from the Québec government to support its marine transportation infrastructure investments.
Views: 207

EU invests in Danube

August 13 - The European Union (EU) plans to invest EUR59 million (USD67.4 million) in modernising the locks on the Danube-Black Sea and Midia Navodari–Porte canals in Romania.
Views: 282

Ghent developing all-weather terminal

July 27 - ArcelorMittal Ghent, investment company Participatiemaatschappij Vlaanderen (PMV), Euroports and North Sea Port are collaborating on the construction of an all-weather terminal (AWT) in the Ghent port area.
Views: 1094

Heavy Lift Across The World

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