JAXPORT’s Board of Directors today made a decision that will positively impact the future of North Florida for decades to come. ”The members unanimously authorized me to inform the U.S. Army Corps of Engineers that JAXPORT will pursue a harbor deep enough to remain competitive by supplying additional local investment for the project. I will [...]
February 26, 2013 | Posted in
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Wärtsilä Corporation and Nordic Investment Bank have signed a loan agreement totalling EUR 50 million for research and development financing. The contract for this 10-year loan was signed in Helsinki, Finland on 13 February 2013. This R&D loan supports Wärtsilä’s long-term strategy of strengthening its technology leadership position in the global marine and energy markets. [...]
The European Commission has found amendments to an existing Finnish scheme supporting investment in cleaner ships to be in line with EU state aid rules. In particular, the amendments aim at giving ship-owners incentives to use less polluting fuel, ahead of the entry into force of EU standards to that effect. Joaquín Almunia, Commission Vice [...]
Board of Investment (BOI) has stated that the Dawei Deep Sea Port and Industrial Estate in Myanmar will become an important drive for economic growth in this region, offering a shortcut for logistics and bringing new business opportunities and foreign investment to Thailand. After conclusion on signing of Memorandum of Understand between Thailand and Myanmar [...]
![Singapore Continues Its Investment in Maritime Sector]()
Minister for Transport, Mr Lui Tuck Yew, announced enhancements to the existing Maritime Cluster Fund (MCF) and exemption of Maritime Welfare Fees, as the Maritime and Port Authority of Singapore (MPA) continues its investment in the maritime sector to develop Singapore as an international maritime centre. Enhancements to Maritime Cluster Fund’s Manpower Schemes To [...]
September 28, 2012 | Posted in
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Port Authority wants to intensify investment programme for Port Vision 2030 In the first half year, the Port of Rotterdam Authority result increased by €21 million to €119 million (22%), compared with 2011. The growth is a result of increased returns, while costs remained stable. The returns from the letting of industrial areas increased by [...]
![SPA Makes New Investment in Saudi Ports]()
The Saudi Ports Authority (SPA) signed a number of contracts worth SR 615 million (US$164m) for the development of King Abdul Aziz Port in Dammam, Dhuba Port in Tabuk, King Fahd Industrial Port in Yanbu and Yanbu Commercial Port. According to arabiansupplychain.com, a container wharf will be constructed at Dhuba at a cost of [...]
To support its growth and finance its investment program for new vessels, BOURBON announced the establishment of new financing for a total of 420 million euros (approximately USD 532 million). The financing takes the form of a new Club Deal for a total of 240 million euros with a syndicate of 8 French banks on [...]
June 21, 2012 | Posted in
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South Carolina Ports Authority (SCPA) Board approved the most aggressive investment plan in the agency’s history, reports abcnews4.com. The Board approved the SCPA’s budget for the 2013 fiscal year, which starts July 1. “This aggressive investment plan for our ports mirrors the significant investment of our state toward realizing the Charleston Harbor Deepening Project,” said [...]
Major investments plans worth MYR1.9bn ($600m) have been revealed by Malaysia Marine & Heavy Engineering (MMHE), one of Malaysia’s top providers of marine engineering services, Seatrade reported Friday. The said investment would encompass the upcoming period of four years, targeting extensive yard optimization program which will enable MMHE to meet the growing demand for its [...]
