The European Investment Bank (EIB), the Bank of the European Union, stated it will provide financial backing of EUR 50 million (USD $57.8 million) to five projects at Marseille Fos port in France, it says.
Included in the project is renovation works of the K3/K4 substations in the port’s West basin to allow for bunkering operations to take place.
The five port projects which include the development of container terminals in Fos, the reorganization of the Corsican / Maghreb ferry terminals, and the development of the Feuillane logistics zone will require total cost of EUR 136 million.
“10 years after having accompanied the port of Marseille Fos for the creation of the 2XL terminals, we are honoured that the EIB is renewing its confidence by financing our projects up to € 50 million,” said Christine Cabau Woehrel, President of the Executive Board of the Port of Marseille Fos.
“Marseille Fos is thus endowed with an investment capacity that will enable it to pursue the development of its infrastructures and strengthen its international dimension.”
In turn, Ambroise Fayolle, Vice President of EIB, said the bank is happy to provide financing to strengthen the capacity, competitiveness and international influence of Marseille Fos port.
“I am very pleased that this major funding comes to support the attractiveness and development of the port of Marseille Fos" he said.
“The EIB is particularly proud to support the ambition of a Port with a strong European and international vocation.”
Photo credit: European Investment Bank
Published: 30 May, 2018
Proposal highlighted CPC’s capacity to import marine fuel and supply to local bunker suppliers at competitive prices to increase port traffic, reports Daily News.
Acquires U.S. East Coast storage assets of Crown Point International in USD $107 million deal.
To construct an all-electric, zero carbon emissions harbour tug (e-tug) – the first of its kind in the Asia Pacific region – at an Indonesian shipyard in Batam.
Company expanding its Sebarok terminal in Singapore with increased MGO storage capacity to prepare for 2020.
MPA and DMU will work together in the fields of maritime and marine affairs, maritime safety, clean energy in maritime sector, port management and more.
The Engineering Department at Abu Dhabi University was presented with their award by Mr Sunil Kumar, Laboratory Manager, VPS, Fujairah, in early December.
Buyers can nominate deliveries on platform and plan operations together with suppliers following ‘one single truth’ concept with all players aware of what has been agreed when and by whom, says DNV spokesman.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.
‘When you think of Helmsman on the next occasion, think of us as lawyers with expertise in various fields. Come to us before a problem develops. It’s the process that matters,’ says Tang Chong Jun, Executive Director.
Bernard Chew was a former shareholder of MB Marine and was an authorised signatory of the company’s cheques at the material time, according to court documents obtained by Manifold Times.
