UK Port to Receive Multi-Million Boost

 17 Feb 2016     Finance, Going Places, Port Governance, Port Planning, Ports

In a bid to expand the Port of Dundee, Forth Ports, which are the company that own the port, has announced that an investment of US$14 million will put it at the forefront of the oil and gas decommissioning and offshore wind sectors, according to the BBC.

Charles Hammond,  CEO of Forth Ports, said: "This is an important, privately funded investment for the Port of Dundee, which is ideally placed to service the needs of North Sea oil and gas, decommissioning and Scotland's offshore wind sector over the coming years.

"The port's existing skills base and location, combined with its riverside berths, deep water and rock river bed, put the port in a key position to become a hub for these sectors for construction, operations and maintenance and for decommissioning."

The latest developments in the UK revolve around container weighing. Port Technology recently reported that DP World is the latest operator to offer its own solution for tackling the upcoming SOLAS regulation, which is due to come into effect on July 1, 2016.