Nature restoration: Europe’s ports ask for a coherent and flexible framework to ensure port development and (re)building nature can go hand-in-hand

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ESPO very much welcomes the aim of enhancing biodiversity and preserving nature. ESPO therefore support the aims set out in the Nature Restoration Law, but believes this new proposal must act as a complement to existing EU legislation, rather than introducing another layer of complexity in nature restoration efforts. The proposal must avoid reinventing the wheel, and should provide some flexibility for ports and a level playing field on the European level.

Since ports are often located in or near different natural areas, ports strive to integrate the protection of biodiversity in all port operations, making it part of their license to operate. Ports have already demonstrated that port development and ecological transition towards better and more nature can go in hand.

As partners in realising the energy transition, Europe’s ports will need more physical space and a facilitating legislative framework to truly become hubs of renewable energies, and to be an enabler in the race to a Net-Zero Europe. Socioeconomic and strategic considerations must be viewed alongside the continued economic operations of the ports and nature restoration efforts.

Valenciaport becomes the first port in the world to operate hydrogen-powered 4×4 trucks at its terminals

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The Port of Valencia received the hydrogen-powered Terminal Tractor, one of the pilots to be tested within the framework of the European H2PORTS project.

It will be tested in real operations at the VALTE terminal of the Grimaldi Group.

The 4×4 RORO Tractor is the first hydrogen powered unit in the world and was developed by ATENA, a research and technology hub composed of Universities, Research Institutes, and Private Company mainly based in the Campania Region of Italy.

Its hydrogen storage system, made of four Type 3 cylinders (350 bar), has an overall capacity of around 12 kg, which guarantees a continuous operation of at least 6 hours before refuelling, corresponding to the average duration of a working shift.

Brittany Ferries: major contract extension for Telenor Maritime connectivity solutions

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Brittany Ferries has extended its contract with Telenor Maritime for connectivity of its fleet operating on routes between the UK, France, and Spain. The new contract expands the scope of services delivered by Telenor Maritime, enabling a more resilient network for ship to shore communications and a better experience for passengers, crew, and operations.

The combination of VSAT and mobile broadband backhauls with the new addition of low latency, high speed radio link backhauls will deliver higher quality, cost-effective wi-fi and mobile services for passengers, crew, operations, and business activities. Redundancy of this connectivity setup provides network stability, and in turn increases the level of cyber security for the networks on board.

Turnover record for Port of Hirtshals (Denmark)

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The end of two years of corona restrictions can really be felt at the Port of Hirtshals, which in 2022 set a record with a turnover of DKK 84.9 million and a profit of DKK 6.4 million.

It is particularly passenger car and passenger traffic, which is back at the same level as before corona, that accounts for the progress.

On the expenditure side, in 2022 the port has intensified capital investments in connection with the impending port expansion.

  • Revenue: DKK 84.9 million
  • Result for the year: DKK 6.4 million
  • Cargo volume: 1.95 million tons
  • Trucks: 144,000 units
  • Passenger cars: 780,000 units
  • Passengers: 2,369,000

Rosslare Europort welcomes major investment into Port Facilities

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These upgrade works are necessary to provide permanent Brexit infrastructure at Rosslare Europort to ensure compliance with EU Customs, sanitary and phytosanitary (SPS) and official food controls legislation, thereby providing protection for the EU single market.

The proposed Terminal 7 development at Rosslare, includes the redevelopment of the existing site and the demolition of a number of existing buildings to facilitate the construction of a new border control post (BCP) consisting of a number of new buildings and associated external site infrastructure.

The T7 facility will facilitate the processing and exit routes from the passenger and freight ferries that use Rosslare Europort.

Photo: Rosslare Europort welcomed the visit of Minister Paschal Donohoe on Monday 24 April where Glenn Carr,  Director Commercial Businesses and Port Authority for Rosslare Europort discussed the growth of the port and the ambitious infrastructure projects planned.

Stena AB, 2022: a profitable year with positive development in all activities

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Some relevant highlights from the annual review 2022:

 Stena Line: strong year with focus on sustainability and expansion

  • With continued expansion in several regions, and new vessels in operation, Stena Line noted another successful year in 2022.
  • “Our expansion is continuing. The major challenge is the green transition, where the new E-Flexer vessels are important pieces of the puzzle in achieving our goals,” comments Niclas Mårtensson, MD of Stena Line.
  • In 2022, Stena Line’s revenue increased by 42% to SEK 17.5 billion.
  • 33% share of total income of Stena AB
  • In 2022, Stena Line acquired a large area of land adjacent to the British port of Holyhead. The aim is to enlarge the port for future expansion of ferry traffic between Wales and Ireland.
  • Stena Line secured a long-term presence in Birkenhead/Liverpool through a contract that allows the company to continue to run and develop activities in the region until 2100. Stena Line has been operating the Liverpool–Belfast route since 2011, and this long-term contract opens up new opportunities for future expansion.

Stena RoRo: With delivery of new E-Flexer vessels and sale of a rebuilt vessel, Stena RoRo

recorded a record-high result for 2022 – both when it refers to the number of

transactions and results.

Per Westling, MD, Stena RoRo. “Investments in these vessels are extensive at over SEK 1 billion per ferry. But this is now paying off, as deliveries are starting to be ready and they go

directly into service, which results in a substantial cash flow for us. We’re also in dialogue with both Stena Line and a number of other shipping companies concerning orders for new E-Flexers, which we hope we’ll be able to land in the course of the coming year.”

  • Total Income: SEK 1,300 million (600)
  • 2% share of total income of Stena AB

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Grupo Armas Trasmediterránea completes an agreement with its creditors and shareholders to reduce its debt

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  • The company reached an agreement with its main creditors and shareholders to reduce its debt.
  • The agreement also contemplates the permanence of the Armas family in the capital of the company and the promotion of its ambitious improvement plan.
  • The proposal for the refinancing and recapitalization of the existing debt of the Group includes a capitalization of the bonds that constituted the bulk of the debt and that totaled 445.9 million euros, and that after the transaction will remain at 178.4 million euros.
  • Commitment of the new majority shareholders -with 94% of the capital- to provide financing for an amount of up to 73.3 million euros to cover any liquidity needs of the Group while carrying out carry out the agreed recapitalization process.
  • Once the agreement is completed, the company’s shareholders will be made up mainly of investment vehicles advised by JP Morgan, Barings, Cheney Capital, Bain Capital and Tresidor, as main creditors, and by the Armas family, which will remain as shareholders.
  • Appointment of Sergio Vélez as CEO.

ETS Shipping (1): Inclusion of maritime emissions in EU Emissions Trading System

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On Tuesday 18 April 2023, European Parliament approved the deals reached with EU countries in late 2022 on several key pieces of legislation that are part of the “Fit for 55 in 2030 package”. This is the EU’s plan to reduce greenhouse gas (GHG) emissions by at least 55% by 2030 compared to 1990 levels in line with the European Climate Law.

The reform of the Emissions Trading System (ETS) increases the ambition of the ETS as GHG emissions in the ETS sectors must be cut by 62% by 2030 compared to 2005-levels.

Parliament also voted to include, for the first time, GHG emissions from the maritime sector in the ETS and agreed to the revision of the ETS for aviation.

ETS Shipping (2): Europe’s ports call for early and robust action to prevent evasion

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ESPO welcomes the inclusion of maritime in the EU ETS1 as part of decarbonising shipping. Europe’s ports have consistently called for an ambitious maritime EU ETS that makes the green transition of maritime possible, whilst protecting the competitiveness of European ports.

Whilst ESPO welcomes that a price tag is being put on the emissions produced by ships, the geographical scope of the EU ETS Maritime agreement could still lead to evasive port calls where shipping companies can avoid paying into the ETS by adding a call to a port outside the EU, or by reconfiguring their routes.

ETS Shipping (3): European Shipowners say that “earmarked revenues can mark a turning point for shipping’s decarbonisation

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European shipowners welcome the formal approval of the new EU ETS law. Earmarking a part of the revenues of the Innovation Fund for the maritime sector can mark a turning point in the decarbonisation of the industry.

At least 20 million ETS allowances, which correspond to around 2 billion Euro under the current ETS carbon price, will be allocated to maritime projects under the Innovation Fund.