Vessels in port
Brexit could bring Port of Southampton trade boom
As MPs restarted the Brexit debate, Secretary of State for International Trade Dr Liam Fox claims Southampton could benefit majorly from new trade agreements. Dr Fox said that when the UK leaves the EU on March 29, it will begin to negotiate new deals with the US, Australia, New Zealand and could also do a deal with countries in the Pacific Rim. He said that UK was considering joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which covers 11 countries around the Pacific Rim, including Australia, Canada and Japan, as well as some of the world’s fastest growing economies like Malaysia and Vietnam. Trade with the US, Australia, New Zealand and the 11 CPTPP countries was worth more than £7 billion to Hampshire and the Isle of Wight last year, with more than £20 billion worth of goods passing through the Solent in 2017, 13 per cent of the UK’s total trade with these countries. In recent years Southampton has become the UK’s main port for car exports and vehicles to the 14 priority markets was worth just under £6bn in 2017.
Port of Southampton starts major upgrade at Ocean Cruise Terminal
The UK’s Port of Southampton has embarked on a £12 million (US$15.7 million) project to significantly increase capacity at its Ocean Cruise Terminal so it can handle larger ships and a greater volume of cruise traffic. Port operator ABP Southampton will work with UK-based construction firm Graham to renovate both the terminal building and the quayside, aiming to have work completed ahead of the arrival of P&O Cruises’ first-ever LNG-powered ship Iona in summer 2020. The 5,200-guest vessel will homeport at Southampton and will be joined by a yet-to-be-named sister ship in 2022. Graham will make several major modifications to improve passenger flow in the terminal building.
DP World Southampton Orders Kalmar Machines
Cargo handling specialist Kalmar has agreed to supply 12 hybrid straddle carriers to DP World Southampton in the UK. Southampton is often the first or last call for container ships serving trade routes between Northern Europe and the Far East, and will implement the new equipment at its container terminal. With an expected delivery date of Q2 of 2019, the order, which includes operator training and six months of on-site maintenance support, fulfils the aims of DP World’s sustainability programme by using natural resources responsibly.Upload News