Mersey Docks & Harbor Not Intimidated by Recession
The slowdown in the U.S. economy may be weighing on British industrial production, but ports operator Mersey Docks & Harbor Company expects to avoid the dark clouds of recession. "We have as yet not experienced any impact from the perceived slowdown in the North American market," Chief Executive Peter Jones reportedly said. The company expected instead to see year-on-year growth in cross-Atlantic traffic. Mersey Docks has about a 25 percent share of the U.S.-UK market in container traffic. "In the early months of this year we are continuing to see strong growth," Jones said. The two main areas of development would be RoRo traffic and fresh produce, handled at the company's docks in Sheerness, southeastern England.
Mersey Docks Invests In South Africa
Mersey Docks and Harbor Co. is investing 8.8 million pounds in the South African Capespan Group's fruit terminals. Mersey Docks -- Britain's second largest port group -- said it was buying half the equity in Capespan's terminal operations at the ports of Cape Town, Durban, Port Elizabeth and Maputo in Mozambique. "Mersey Docks will gain from being actively involved in the export of all South African fresh produce, not just to the UK through the port of Sheerness but to all corners of the globe," Mersey Docks chief executive Peter Jones said. Mersey Docks and Capespan have already collaborated on a 35 million pound fresh produce terminal opened in Sheerness in 1999. - (Reuters)
Mersey Ferry Services Disrupted
Mersey ferry services are at risk of chaos after part of its landing stage at the Pier Head sank. Fire crews were called out to help evacuate staff and remove equipment from the landing stage, which is also used by the Mersey inshore rescue boat, at around 10 pm on March 1. It is believed exceptionally high tides were responsible for the sinking, which left the landing stage partially under water. Staff from Merseytravel and the Mersey Docks and Harbor Company, which own the stage, as well as the inshore rescue boat, were at the site to assess the damage. It is not known how long ferry services will be disrupted, or the extent of the damage.
Mersey Docks & Harbor Downgraded
Merrill Lynch downgraded its intermediate-term rating on Mersey Docks & Harbour Plc to "accumulate" from "buy," while keeping a long-term "acumulate" rating on the stock. "We believe MDK's attractive valuation by itself is not compelling enough to support a dramatic re-rating," Merrill analysts said in a research note. They cut their 12-month price objective on the stock to 620 pence from 665p. – (Reuters)
Mersey Docks and Harbour Announces Record Profits
Mersey Docks and Harbour Company Plc, the U.K.'s number two port operator last week said full-year profits reached record levels. The group, which owns the Port of Liverpool, said pre-tax profits rose 9.2 percent to $82.52 million, while turnover rose 5.7 percent. A rise in passenger traffic from Liverpool to Dublin, and the amount of fruit handled at the Sheerness port, near London, boosted earnings. Mersey Docks Chairman Gordon Waddell and CEO Trevor Furlong have both advocated the consolidation of Britain's port industry, and Waddell said Mersey Docks would benefit from any consolidation due to its strong cash flow.
British Group Wins Contract For Management Of Mozambique Port
Mozambique has awarded a British consortium a management contract for its Maputo port, including a 15-year lease, according to the British High Commission. Officials said a consortium headed by the British Mersey Docks and Harbor Co. - which runs the port of Liverpool - had won the contract, which allows for the private management of the port. The agreement will reportedly lead to $50 million investment in revamping the port, though it wasn't immediately clear how this would be financed.
A&P Birkenhead Gets Triple Ferry Deal
A&P Group's newly reopened dry dock facility, A&P Birkenhead, has recently completed the dry docking and repairs of Mersey Ferries' 464grt passenger ferry Woodchurch. The Woodchurch is the first of three vessels booked into the yard by Mersey Ferries Ltd, the Passenger Transport Authority and Executive for Merseyside. The three ship contract was won in open competition against other UK ship repairers. The two other ferries, the 303grt Royal Daffodil and her sistership Royal Iris will be dry docked during January and March 2003 respectively. The work content for all three vessels includes general maintenance, minor steel repairs and cleaning and painting the ships hull. Martyn Drye, General Manager of A&P Birkenhead said "We are delighted to have won this important contract.
Mersey Docks To Create Jobs
British port operator Mersey Docks said more than 300 jobs will be created by two developments at the port of Sheerness on the Isle of Sheppey off the north coast of Kent. It said up to 160 jobs would be created by the construction of a pre-delivery inspection center for imported Peugeot Citroen cars before they are dispatched to showrooms, and a further 150 from the development of a fruit packing plant.
Mersey Maritime Boosts Safety
window clean from salt spray. number of major companies to Preston-based company Kleentec Marine. improve their resilience to the elements. System I knew it was something which would benefit our members. underwent conversion work at ABP in Garston. pits and craters which hold onto water, dirt and salt. on the wiper blades. Towage, based at North Huskisson Dock.
Dredging Begins at Port of Liverpool
Work on Liverpool2, a new terminal at the Port of LIverpool, has begun. More than one million cubic meters of material will now be moved by dredgers to clear a deep-water channel at the Port of Liverpool (United Kingdom), operated by Peel Ports. The dredging work – funded by a £35 million U.K. Government Regional Growth Fund grant – will create a 16.5-meter deep berthing pocket to secure access to the developing Liverpool2 project. This funding was awarded to the Mersey Docks and Harbor Company by Chancellor of the Exchequer George Osborne last month (May 2013).
Mersey Reports Profits, Eyes British Port Consolidation
Mersey Docks and Harbour Co. has reported an increase in profits of nearly eight percent in the first half, its shares following suit with a similar rise. Representatives of Mersey, which owns the Port of Liverpool and the ports of Sheerness and Chatham in southeast England, said the company’s investment program was reaping rewards as it managed to push up profits despite flat volumes of cargo. The program was buoyed by achieving record volumes in two key market sectors — containers and Irish Sea roll-on roll-off freight — which gave it a better overall mix of cargo, officials added. This helped compensate for the loss of nearly a million tons of business due to the ban made effective Jan. 1 on the dumping of river sludge out at sea.
Birthplace of Modern Commerical Shipping Turns 300
The world’s oldest enclosed commercial wet dock in Liverpool, North-west England is celebrating its 300th anniversary. Known locally as the ‘old dock’, it opened for business on 31 August 1715, providing a blueprint for the development of other trading ports. For the first time in history, the design of the dock allowed ships to load and unload whatever the state of the tide. It helped Liverpool to become one of the globe’s most important ports, with ships being able to turn around in under two days, rather than the two weeks needed previously.
Mersey Docks Records Profit Increase
Mersey Docks & Harbour Co. reported a marginal rise in pre-tax profit on Thursday and a successful year in terms of growth and progress. Pre-tax profit before exceptionals rose to 52.3 million pounds from 52 million in the previous year, on a 21 percent turnover rise to 229.9 million pounds. The results were well in line with market expectations. The company underlined the fact that profits had increased despite an estimated three million pound impact from the temporary closure of a Dublin container terminal. Industrial action caused by the decision to re-organize and re-equip the terminal led to its temporary closure from September 15 last year and the dispute pulled down the shipping division's results. - (Reuters)
Engine Refit for Mersey Pilot Boat
Merseyside-based engine specialist James Troop & Co has secured a deal to supply and install two Volvo Penta D9 engines to extend the service life of one of Liverpool’s River Mersey pilot boats. The firm said it was approached by Peel Ports to replace the engines onboard the Fulmar – one of eight Mersey pilot boats. James Troop immediately sent technical manager Alan Railton and engine sales executive Anthony Ward to work with the customer to perform all the necessary onboard checks, measure up and prepare a recommendation.
Pendleton Appointed as Director at Mersey Maritime
Mersey Maritime has appointed David Pendleton as the new business development director and a financial controller. He will be responsible for promoting and developing the Mersey Maritime cluster. He will provide a single point of contact for all the cluster members and work extensively with local councils to ensure the future growth of the Merseyside maritime community. "I am delighted to be joining Mersey Maritime. future. company, Corning. controller. manager for Atlantic Container Line (ACL). financial viability of the company. respectively. alongside project and administration manager, Paula Deboo. Institute of Marketing.
Mersey Maritime Seeks New Chief
steps down as planned at the end of this month (October). sector and act as a catalyst for business growth and investment. support from The Mersey Partnership. consideration developments in world shipping. businesses. put great energy and dynamism into the launch of Mersey Maritime. within the sector.
Mersey Maritime Bids For International Convention
Mersey Maritime is bidding for the first-ever international maritime conference to be held in Liverpool, which wil coincide with the Mersey River Festival in 2004 or 2005. The announcement was made as this year's Mersey River Festival gets underway with the arrival of the Tall Ships into the port of Liverpool and Capital of Culture plans are unveiled for a new £10.5 million cruise liner terminal to be in place by 2005. Mersey Maritime, the new organization, plans to create a two-day conference, trade fair and exhibition and dinner, aimed at creating an international focus on the region's maritime sector and it's contribution to regeneration. Negotiations are currently underway with a number of international maritime conference specialists.
MN100: TPG Marine Enterprises, LLC
TPG Marine Enterprises, LLC is an operations, logistics and consulting company that specializes in all aspects of cargo movement on the Inland Waterways System. The firm owns and operates eight facilities in the Midwest and has about 200 employees. TPG Marine has interests in terminals servicing the Ohio, Green and Illinois Rivers along with a shipyard in Chicago. TPG brings innovation, efficiency, professionalism and harbor service/shipyard infrastructure (new dry docks, new cranes, new boats, and SOTA cleaning equipment to inland rivers facilities.
NorseMerchant Adds a Third Ship to Service
NorseMerchant Ferries, a subsidiary of Cenargo International, is to introduce a third vessel to its Liverpool – Belfast service. Built in 1996, the 2,119 lane metre Lindarosa will join Mersey Viking and Lagan Viking on this route from 4 September 2002, increasing the number of daily sailings available to three on Tuesdays to Saturdays and two on Sundays and Mondays. A dedicated freight vessel, Lindarosa will carry up to 150 trailers and a maximum of 12 drivers. “It was always part of our planning to add this third ship once we transferred our operations to our new riverside terminal, Twelve Quays. On our old terminal, we simply didn’t have the space to increase the number of sailings.
Mersey Maritime: Small Business at Heart of Isle of Man Partnership
UK Industry trade body Mersey Maritime has announced a new trade agreement with the Isle of Man Shipping Association (IOMSA) which aims to supercharge bilateral trade, particularly among small to medium sized businesses. The agreement was announced at a special reception during the International Festival of Business in Liverpool UK and has resulted from a series of discussions facilitated by the Isle of Man Ship Registry, which is an Executive Club member of Mersey Maritime, and other IoM based companies such as software engineer PDMS, both of which are also involved with IOMSA.
WWII Bomb Halts Mersey Ferries
Around 250 passengers and crew were stranded on ferries in the River Mersey in northern England after a huge unexploded bomb was spotted, the U.K. coastguard said. The 500 pound bomb, dating from World War Two, was found by the British Royal Navy near Twelve Quays in Liverpool shortly before midnight on May 15. Two ferries, the Mersey Viking and Dublin Viking, bringing passengers from Belfast and Dublin across the Irish Sea, were forced to remain at sea May 16 while the explosive was dealt with, the coastguard said. One of the ferries had been stuck since before 4 a.m., a spokesman said. The device was also only 300 meters from a road tunnel linking Liverpool to Birkenhead under the Mersey. The tunnel was closed by police while the bomb was being dealt with.
P&O A Takeover Target
THE UK's largest ports and ferries operator was reported to be a £3 billion takeover target of a Middle Eastern rival. P&O could receive an approach from Dubai Ports World (DPW) as soon as this week after it hired Deutsche Bank to advise it on a bid, according to The Sunday Times. The Middle Eastern firm is understood to have contacted banks about financing a bid for P&O, which owns 27 container terminals around the world including Southampton and Tilbury in the UK. Takeover interest in UK ports firms has spiralled this year with Mersey Docks & Harbour - the owner of ports at Liverpool, Heysham and the Medway towns of Sheerness and Chatham - bought by Manchester-based Peel Holdings for £780 million.
South Australian Ports Sale Faces Political Storm
The South Australian government expects strong bidder interest in its planned $120 million sale of the state's main ports, but the privatization is facing a political storm. The planned trade sale of the South Australian Ports Corporation has agitated a range of groups, from influential grain growers to the militant dockers union and farmers and tourism operators on the Kangaroo Island resort. The government has seen strong level of interest in the ports at Port Adelaide, Port Lincoln, Port Giles, Thevanard, Klein Point, Wallaroo, and Port Pirie. Hutchison Whampoa, Infrastructure investment group Infratil Australia Ltd., graingrower group South Australian Cooperative Bulk Handling (SACBH), P&O Ports, transport group Toll Holdings Ltd., and Mersey Docks & Harbor Co.