• 2020 November 26 10:26

    BPA: Gov't one year spending review

    Reacting to the Government's one year spending review today, Mark Simmonds, Head of Policy at the British Ports Association said:

    On Infrastructure Spending
    We are pleased that the Chancellor continues to prioritise investment in infrastructure, even in the most difficult times for public finances. Ministers recognise that world-class infrastructure delivers jobs and prosperity across the whole of the UK even in challenging times. We welcome spending on roads and connectivity and the recognition that this should be done in a holistic way. We recognise the importance of community and political support for projects but it is also important that investment will be made strategically and on the merit of projects’ ability to deliver prosperity and improve the UK’s competitiveness.

    The publication of the National Infrastructure Strategy and confirmation of the opening of a new UK Investment Bank is also positive news and we look forward to more details on that as well as the new Shared Prosperity Fund. Wider continued spending on infrastructure is good news for port tonnages and will be a welcome sight for for ports in the face of worrying economic forecasts.

    On Green Investment
    The maritime industry faces an unprecedented challenge in meeting the Government’s net zero targets and we will need Ministers to be as ambitious with ports and shipping in unlocking investment as they are for road transport and community funding. Following on from the Prime Minister’s inclusion of maritime in the Government’s green industrial revolution, it’s now time Ministers agree a transformational package for maritime that will support emissions reductions across the whole sector and unlock private investment for emissions reduction.

    The one year spending review sets the Budget's for UK Government departments. Usually a 3-5 year exercise, this year's review was only for one year in reaction to extraordinary impacts and constraints imposed by the pandemic.

    The Government also published its delayed National Infrastructure Strategy.




2024 March 4

18:07 CMB Euronav deal challenged in Belgium
17:30 The Port of Virginia opens wider channel
17:13 German container ports' hinterland rail freight grows
16:47 CMA CGM partners with Nike to reduce the carbon footprint
16:14 CMA CGM and Shanghai International Port sign TSA extension
15:46 bound4blue completes eSAILs installation on Airbus-chartered LDA vessel
14:45 Samskip begins construction phase of its next – generation zero-emission short sea container vessel
14:15 Veer to select a shipyard to construct first 100% zero-emission ocean container ship
13:22 Diamond Offshore Drilling signs contract extension with a subsidiary of bp in the U.S. Gulf of Mexico for the Ocean BlackHornet
12:38 Yara and ACME sign a binding agreement for supply of green ammonia
12:13 Global schedule reliability drops 5.1% in January 2024
11:42 MOL Chemical Tankers сompletes acquisition of Fairfield Chemical Carriers
11:03 Nautical SUNRISE Project to facilitate R&D of the largest Offshore Floating Solar power plant in the world
10:24 Topsoe reports record financial results for 2023

2024 March 3

15:33 Yara and ACME signed a binding agreement for supply of green ammonia
14:16 KfW IPEX-Bank finances Duisburg Gateway Terminal
12:27 Greece and Germany enhance cooperation in shipping sector
10:08 Panama Canal generates $3,630 million for the country's economy while government dithers

2024 March 2

15:29 SolarDuck and its two partners ink collaboration agreement for a grid-scale offshore hybrid wind-solar project in Italy
13:41 Port of LA awards $1.5M in community investment grants for FY2023/24
11:18 Canadian Coast Guard issues fine for a hazardous vessel
09:37 IAA PortNews’ top headlines, Week 09

2024 March 1

18:00 Altera Infrastructure announces strategic divestment of ALP Maritime Services
17:31 Yangzijiang Shipbuilding books $7.1 billion of newbuilds in 2023
17:14 Sanmar starts construction of the world’s first methanol-fuelled escort tugs
16:41 The Green Award welcomes 8 New Japanese ports
16:05 HAV Group signs contract for design of Lavik-Oppedal ferries
15:52 KOTUG acquires joint venture interest in Kotug Seabulk Maritime
15:14 Equinor's Empire Wind 1 and Orsted's Sunrise Wind secure contracts in New York’s offshore wind projects
14:23 Fujairah bunker sales rise to five-month high in January 2024
13:51 Russia exported more than 700,000 metric tons of oil products from the Black Sea port of Novorossiisk in 2023 using small river barges
13:24 APM Terminals announces maiden call of Nordics only direct service to South America
12:56 Hapag-Lloyd increases rates from North Europe to India, Pakistan, Red Sea and Arabian Gulf
12:21 Ankara’s Port Başkent OIZ Eti Logistics Ankara Intermodal Terminal starts operations
11:42 European Commission makes €1bn available for recharging and refuelling points
11:17 ABB to supply Sea Change shore power connection at Portsmouth’s port
10:41 Karish North and second gas export riser online and new GSPA signed
09:48 MAN Energy Solutions opens up service hub in Singapore

2024 February 29

18:02 Gentari partners with SEDC Energy for Sarawak H2 hub
17:35 Port of Tanjung Pelepas inks purchase agreement for 6 ULCV quay cranes
17:12 BV research confirms central role of operational and energy efficiency in meeting shipping’s 2050 carbon budget
16:42 President Vladimir Putin encourages foreign companies to actively use the opportunities of the NSR
16:14 MABUX: Bunker Weekly Outlook, Week 09, 2024
15:56 President Putin calls for upgrading the country’s inland waterways core infrastructure
15:24 The Bollore Group and the CMA CGM Group announce the successful sale of Bollore Logistics to CMA CGM
14:41 CMA CGM resumes operations in the Red Sea
14:09 TotalEnergies to supply Sembcorp with 0.8 Mtpa of LNG for 16 years
13:44 MOL and Idemitsu Kosan to launch demonstration test of recycling used plastics generated aboard VLCC
13:22 Six Arctic expeditions on the 50 Let Pobedy nuclear icebreaker planned for 2024
13:15 NYK Group acquires UK-based delivery platform business for e-commerce operators
13:07 President Vladimir Putin: Russia intends to build effective logistics corridors with friendly countries
12:51 TECO 2030 and Umoe Mandal receives preliminary approval for high-speed vessel design
12:14 ClassNK has awarded AiP for the design of a multi-functional floating offshore windfarm support vessel
11:30 Port Houston container volumes up 4% to 332,961 TEUs in Jan 2024
11:10 Swedbank adopts Poseidon Principles for carbon footprint reporting of shipping portfolio
10:42 Authorities give Conoco Phillips permission to launch Eldfisk nord in the North Sea
10:24 LNG dual-fuel BYD Explorer No.1 visits Bremerhaven for the first time
09:47 DeepOcean to inspect pipelines for Equinor

2024 February 28

18:07 Fratelli Cosulich takes delivery of second LNG bunkering vessel
17:44 Idemitsu, Mitsubishi and Proman join forces to develop a clean ammonia project in the United States
17:13 CULines and IAL to launch a new South China – Vietnam – Thailand service SCT2 in March
16:47 Saudi container line Folk Maritime launched
16:25 China's shipbuilding industry grows in 2023 under US sanctions
15:58 Japan, China, and Greece retain global leadership in shipowning
15:32 Jumbo Shipping, SAL Heavy Lift and Intermarine join forces in new commercial joint venture
14:58 Port of Hamburg handled a total of 114.3 million tonnes of goods in 2023
14:23 SITC launches new "Weifang-Japan" service with successful maiden voyage
13:48 Pier 400 in the port of Los Angeles upgrades its terminal operations fleet
13:13 Congo becomes an LNG exporting country
11:59 DEME reports 2023 results