St Helier News

A new off-dock empty container storage yard is to be opened at DP World London Gateway Port. The five acre yard will be operated and managed by Solent Stevedores, an award-winning stevedoring company with a broad range of bulk and general cargo handling and storage services at ports in Southampton, Jersey, Immingham and London. The facility will be located on Berth 7, outside of the terminal’s ISPS perimeter but adjacent to the port’s main gate. A number of associated container services will also be offered by Solent Stevedores from the site. Work to develop the yard will commence next month, with it then due to become operational by the first quarter of 2018.

U.K.-based marina consultancy Marina Projects Ltd. was appointed by Ports of Jersey to deliver two new developments in St. Helier Harbor. The two projects, The Redevelopment of Berths № 4 & 5 and The Refurbishment of the Fishermen’s Berths, due to commence later this year, will considerably enhance the harbor offering for both the marine leisure and commercial fishing industries. This appointment is a further step in the long standing and successful relationship between Marina Projects and Ports of Jersey.

The St. Helier, Channel Islands-based oil tanker owner and operator DHT Maritime said  its second-quarter profit jumped 39 percent as the demand for oil imports to and industrialization of emerging economies in the drive tanker demand. DHT Maritime shares shot up 1.9 percent, or 17 cents, to $9.08 at the close on Tuesday. DHT Maritime said the tanker market has been positively impacted by a slowdown in speed and port delays, which increases the length of voyages and ton/mile demand. The company has also benefited from the scrapping and banning of single hull tankers ahead of the mandatory phase out beginning in 2010. Less ships on the water means less supply, which is beneficial as demand continues to be strong.

Double Hull Tankers Inc. said third-quarter net income fell to $6.9m, or 23 cents a share, which met the mean estimate of analysts polled by Thomson Financial. In the year-ago period, the company posted net income of $8.4 million, or 28 cents a share. Revenue for the St. Helier, Channel Islands-based tanker operating company fell to $20.1 million from $21.3 million a year ago, as a result of low refinery demand, and a market that was weaker than expected. The mean of three analysts was also $20.1 million. Source: Thomson Financial News