P&O’s investment in Shellhaven on the north bank of the Thames at Thurrock, will be to the tune of \u00a3700m to make the former oil refinery Britain’s largest container port. Phased development is planned out for the next decade and beyond. Another \u00a3700m is earmarked for the adjacent business park, which is to be self-financing and operate in partnership with Shell UK.<\/p>\n
Jose Luis Hormaechea, director of the Algeciras Bay Port Authority (APBA) has noted publicly that the opening of the new TangerMed Port on the opposite side of the Straits of Gibraltar does not constitute a direct threat to existing traffic at the port of Algeciras Bay. He noted that, in order to cope with forecast traffic growth in the western Mediterranean, both Algeciras and other regional ports would have to expand capacity. Indeed, he emphasised that the opening of Tanger-Med might well have a beneficial effect on the region in terms of logistics provision. Nevertheless, he conceded that some traffic could be lost to the Moroccan port, although pointed out that the cake is so big that Algeciras, even at its maximum projected expansion, would not be able to handle all future traffic on offer.<\/p>\n","protected":false},"excerpt":{"rendered":"
P&O’s investment in Shellhaven on the north bank of the Thames at Thurrock, will be to the tune of \u00a3700m to make the former oil refinery Britain’s largest container port. Phased development is planned out for the next decade and beyond. Another \u00a3700m is earmarked for the adjacent business park, which is to be self-financing […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"sponsor":[],"class_list":["post-2836","post","type-post","status-publish","format-standard","hentry","category-europe"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/2836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/comments?post=2836"}],"version-history":[{"count":0,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/2836\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media?parent=2836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/categories?post=2836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/tags?post=2836"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/sponsor?post=2836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}