Port of Blyth Announces £12 Million Arrangement with Lloyds Bank

The Port of Blyth has announced a new £12 million banking facility with Lloyds Bank that will enable the next phase in its rapid expansion.

Major investments will now be made in relation to terminal infrastructure and the construction of new warehousing, as well as strengthening quays and installing new cranes.

Chief Executive of the Port of Blyth, Martin Lawlor, said: “The new arrangement with Lloyd’s allows us to move swiftly forward with a number of important investments that are crucial to the Port’s ambitious growth plans.”

“With major works at both our South Harbor and Wimbourne Quay terminals on behalf of incoming clients from the offshore energy sector soon to be completed, we are now turning our attention to long term projects elsewhere in the port that will generate both jobs and inward investment.

“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 their latest announcement, progress at the port in recent years has seen the arrival of major clients including Royal IHC, Global Marine Group and DeepOcean, with a powerful cluster of offshore energy companies and a well-developed supply chain making the port an increasing attractive proposition.

 

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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