UK Prime Minister David Cameron and Secretary of State for Energy & Climate Change Ed Davey visited Associated British Ports’ (ABP) Port of Hull. They wanted to welcome the announcement that Siemens will invest £160 million in wind turbine production and installation facilities on a 54ha site at Alexandra Dock. It was also announced that […]
The Lord Mayor of the City of London, Fiona Woolf, welcomed the foreign direct investment by Dubai’s DP World into London Gateway, while visiting the recently opened deep-sea container port and Europe’s largest logistics park. During her visit, the Lord Mayor, climbed one of the world’s largest quay cranes to have an elevated view of […]
February 21, 2014 | Posted in
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PETRONAS has reached the Final Investment Decision (FID) for its second floating liquefied natural gas facility (PFLNG 2) project, located off the coast of Sabah in Malaysia. The FID was approved by the PETRONAS Board on 23 January 2014. Subsequently PETRONAS has issued a letter of award for the Engineering Procurement, Construction, Installation, Commissioning (EPCIC) […]
Scorpio Tankers Inc. today announced that it has entered into an agreement with Dorian LPG Ltd. (Dorian) whereby the Company will contribute its entire fleet of newbuilding Very Large Gas Carriers, or VLGCs, together with a cash contribution of $1.9 million in exchange for newly issued shares representing 30% of Dorian’s pro-forma outstanding shares immediately […]
FreeSeas Inc., a transporter of dry-bulk cargoes through the ownership and operation of a fleet of six Handysize vessels and one Handymax vessel, announced today that it has entered into a non-binding term sheet with an institutional investor for an investment of USD 10 million into the Company through the issuance of zero-dividend convertible preferred […]
ADPC has announced an AED 17M (approx. USD 4.6 Million) investment for Marfa Port, for the first phase development of the port infrastructure and maritime leisure facilities for the local community. The port is at the north end of Marfa city with direct water access to the Gulf, in the Al Gharbia region, 125 km west […]
ABP Finance Plc announces that ABP Acquisitions UK Limited, a fellow subsidiary of ABPA Holdings Limited, has today signed a £70m loan agreement with the European Investment Bank. Proceeds from the loan will be used to fund part of the costs of the further development of the container terminal at the Port of Southampton. Furthermore, […]
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 […]
