Tag: Port of Tyne

A new study published on 12th September 2023, suggests that Freeport East could become a new UK centre  for transport decarbonisation.

Following the industry's efforts to decarbonize shipping and become more green, port of Tyne launched a new green energy park which will be used as a strategic base for UK North East’s renewable energy sector.

The UK Secretary of State for Transport, The Rt Hon Chris Grayling MP, visited the Port of Tyne to open the UK's first Maritime Innovation Hub based at the Port of Tyne. The Innovation Hub consists of a number of organisations including Port of Tyne, PD Ports, Nissan, Connected Places Catapult, Accenture, Royal HaskoningDHV and Ubisoft.

The Port of Tyne informed that it is increasing its offer to potential offshore wind manufacturers. Namely, the Port has almost completed the final phase of a major investment programme to infill Tyne Dock and increase its commercial property portfolio. A £3 million programme will complete Tyne Dock infill, leading to an additional 30 acres of land with deep-sea quayside access to support offshore wind.

The Port of Tyne secured a £60m refinancing package from Lloyds Bank Commercial Banking to support its investment programme. The five-year agreement includes a £30m revolving credit facility and a £30m term loan, in order for the port to develop a number of major infrastructure projects. Lloyds Bank will lend up to £700million during 2019 to companies across the North East, and up to £18billion across the UK.

In order to enhance merchant shipping in UK, the Port of Tyne has introduced a new fund, to help seafarers who are in need of welfare support while visiting the port. The welfare fund is expected to further enable visits to ships, legal support, translation and communication support, counselling, transport and emergency care.

Wallenius Wilhelmsen Logistics (WWL) has recently completed a shipment from Asia to the Port of Tyne

A record number of cruise ships are set to visit the Port of Tyne over the coming year At least 37 vessels have booked berths, compared with 20 in 2011, with 17 of them starting their itinerary from North Shields.The port's chief executive described it as "a real coup".More than 600,000 passengers travelled through the international terminus in 2011, boosting the region's economy by an estimated 45m.They included 35,000 cruise ship visitors, and more than 300,000 people travelling on the regular Amsterdam ferry route.Andrew Moffat, chief executive at the Port of Tyne, said: "It is a real coup to have some of the world's leading cruise operators either starting their cruise itineraries here or making sure that they make north-east England one of their stops on the journey."Sarah Stewart, chief executive at the NewcastleGateshead Initiative, said: "When cruise ships arrive on the River Tyne, passengers enjoy a wealth of experiences across north-east England, and we know they are more likely to return as a result."We are delighted to continue to work with the port and cruise and ferry operators to maximise opportunities for routes into and out of the destination."Source: BBC