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DP World Buys Spanish Towage Firm

DP World subsidiary P&O Maritime has bought international Spanish towage company Reyser, with operations in Canada, Yemen and Trinidad and Tobago.

DP World’s purchase will consolidate its Spanish market position in while allowing it to diversify and geographically expand its business, it said.

Reyser is part of 140-year-old Spanish industrial equipment, automotive, energy and logistics services company, Bergé y Cía.

It has provided tug and moorage service in 10 Spanish ports and internationally since 2007, supplying moorage services in Canada and later at in Bal-Haf in Yemen.

The company owns 151 vessels, of which 20 are tug boats, 53 are mooring boats, 5 are bunkering vessels and 73 are ships used for environmental services.

With a client base that extends abroad, it services two international LNG terminals at Saint John in Canada and Point Fortin in Trinidad and Tobago.

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, said: “We are delighted to make this acquisition which underlines the further development of the group’s maritime services business.

“As a global trade enabler we have been developing it globally spearheaded by the world renowned P&O Maritime brand to complement our core business of ports and terminals.

“This is all part of our broader strategy to grow complementary sectors in the global supply chain such as industrial parks, freezones and logistics supported by new technologies adding value for all our stakeholders.”

Rado Antolovic, Managing Director of P&O Maritime, said: “We are confident about the medium-to long term growth potential of this business and our ability to drive sustainable value for all stakeholders.”

The acquisition is still subject to regulatory approvals.

Source: Porttechnology.org

Offshore Wind Maturing Ahead of Schedule

Offshore wind power is on the cusp of exponential growth, with installed capacity set to nearly triple between 2015 to 2020.

This growth is being accompanied by marked cost reduction, with recent auction tenders suggesting that costs have fallen by 60 percent compared to 2010 levels. As a result, a new International Energy Agency’s Renewable Energy Technology Deployment report REWind Offshore highlights that industry cost targets for 2025 have been surpasses eight years ahead of schedule.

Following a year of record breaking auction prices in the Netherlands and Denmark, the study identifies the key success factors that have supported a burgeoning industry in Europe, drawing lessons learned for both policy makers and industry players.

The report, delivered through a collaboration between the Carbon Trust, Mott MacDonald and Green Giraffe, identifies several examples of best practice, underpinned by the need for political stability and visibility of market scale and support mechanisms. Notable recent policy trends include the introduction of competitive auctions and centralized development models, in which government bodies take on a greater role in the development process.

These trends are seen to be having a considerable impact on the risk profile for developers, with increased allocation and price risk countered by reduced development and technical risk. This is resulting in lower perceived risks from the finance community due to growing confidence in the ability of developers and the supply chain, with offshore wind increasingly considered an attractive investment opportunity for a more diverse range of actors.

Having been pioneered in a small handful of European countries, offshore wind is set to expand geographically, with considerable market growth forecast both within and outside Europe, particularly in East Asia and North America.

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New shipping routes along Belgian - Dutch (south) North Sea coast

As of 01 June 2017 00:00hrs UTC new shipping routes along the Belgian and Dutch (south) coast will apply. The North Sea is one of the busiest seas in the world (fishery, marine aggregate mining, oil & gas, renewable energy (wind/tidal), tourism etc) and to improve safety and flow of marine traffic, Belgian and Dutch authorities have together decided to adjust the shipping routes.

Smooth and safe passage for ships, taking into account both economic and ecological interests are priorities and current routing falls short.

The proposed routes include a new Traffic Separation Scheme, modifications of recommended routes and precautionary areas, changes to anchorages and reorganizing areas around existing wind farms.

The new routes will lead to safer and easier navigation reducing the risk for accidents and pollution.

Dutch and Belgian authorities have started a media campaign to inform all users, both international and national, commercial and recreational of the new routes. New maps are expected to become available April 2017.

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