UK announces plans to establish ten ‘free ports’ post-Brexit

The UK government unveiled plans to establish up to ten ‘free ports’ across Britain after Brexit to boost trade.

International Trade Secretary Liz Truss said that seaports and airports would be able to apply for ‘free port’ status post-Brexit.

During the Tory leadership campaign, Prime Minister Boris Johnson pledged to open around six ‘free ports’ after Britain leaves the EU.


ABB receives order for remote diagnostic systems from Sovcomflot

ABB received a contract to supply remote diagnostic systems for Russian maritime shipping firm Sovcomflot’s ice-going fleet.

Under the contract, 11 Sovcomflot ships operating in the Arctic and Russia’s Far East will receive around-the-clock remote diagnostics support.

The contract covers eight shuttle tankers that serve Varandey, Novy Port and Prirazlomnoye. The remaining three vessels are ice-breaking supply ships operating in the Sea of Okhotsk as part of the Sakhalin-1 project.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Seacor buys remaining 49% stake in SEA-Vista JV

American marine services business Seacor Holdings purchased the remaining 49% stake in SEA-Vista joint venture (JV) from Avista Capital Partners.

Seacor paid circa $106m in cash and 1.5 million shares of its own common stock to become the sole owner of SEA-Vista JV.

SEA-Vista conducts its commercial operations under the brand name Seabulk. The JV manages a fleet of nine US-flag petroleum and chemical carriers in the Jones Act, including a modern chemical parcel Articulated Tug and Barge unit the SEA-Chem 1.


Britcon selected to deliver second phase of Grimsby automotive terminal

Associated British Ports (ABP) appointed civil engineering and building firm Britcon to complete the next phase of development at its Grimsby Automotive Terminal (GAT).

Known as the ‘Brexit Terminal’, the development of new car storage facility is expected to nearly double the initial capacity provided on the former Tioxide site.

Recently, Britcon concluded first phase 1a on the 100-acre development in Grimsby to provide vehicle import / export storage facility.


Yilport signs concession agreement for Port of Taranto in Italy

Turkish port operator Yilport Holding signed a concession agreement with Port Network Authority of the Ionian Sea (PNAIS) to manage a multipurpose terminal at the Port of Taranto in Italy.

According to the agreement, Yilport will manage all the operations at the multipurpose terminal of the Italian port for 49 years.

This is the 22nd marine port in Yilport’s portfolio and its first terminal in Italy.


Saipem selects DNV GL for hull maintenance software

Norwegian ship classification organisation DNV GL secured a contract to install its hull maintenance system on Saipem’s vessels.

Known as ShipManager Hull, the system will be installed on five of the Saipem ships.

The installation will start with Saipem 7000, a crane vessel that has a lifting capability of around 14,000t.


CIB signs MoU with Port of Montreal for Contrecoeur Port expansion

The Canada Infrastructure Bank (CIB) signed a memorandum of understanding (MoU) with the Montreal Port Authority (MPA) to advance the development of a proposed container terminal in Contrecoeur port.

According to the MoU, CIB and MPA will work on the financial structuring of the proposed terminal.

The port’s design plan, pre-procurement activities, construction, financing, operation and maintenance of the terminal form part of the due diligence.


Adani Group to acquire up to 70% in Krishnapatnam Port for $770m

Adani Ports and Special Economic Zone (APSEZ) is set to acquire up to 70% in Krishnapatnam Port in a deal valued at more than Rs55bn ($770.58m).

APSEZ is part of the Indian conglomerate Adani Group. The corporation will purchase the stake from Krishnapatnam Port Company that manages the deepwater port in the Indian state of Andhra Pradesh.

The proposed takeover will provide APSEZ access to the waterfront area of 12.5km, as well as a transit storage space of 6,800 acres.


HHI obtains world’s first digital type approval from LR

South Korean ship maker Hyundai Heavy Industries (HHI) secured Lloyd’s Register (LR) approval for the network security digital component of its Integrated Smartship Solution (ISS).

LR noted that it is the first-ever type approval of a digital component.

LR said that the digital type approval means the approved component carries out its functionality impeccably.


Sea Machines deploys industry’s first autonomous spill-response system

Sea Machines Robotics successfully deployed a remote-command spill-response system onboard a skimmer boat owned by Marine Spill Response Corp. (MSRC).

The company conducted a demonstration of the system at a marina in Portland, Maine, US.

Earlier this year, Sea Machines entered an agreement on the terms of the exercise with the US Department of Transportation Maritime Administration (MARAD). They attended the demonstration, along with other government and industry representatives.