Monster Hunting Taming the Battery Storage Beast Our EXPERIENCE Means You’Ll Have a Better One

Total Page:16

File Type:pdf, Size:1020Kb

Monster Hunting Taming the Battery Storage Beast Our EXPERIENCE Means You’Ll Have a Better One Issue 375 EUROPE The LSE’s new green Summer 2019 opportunities ASIA Ravenhall Prison refi in Australia Issue 375 NORTH AMERICA District heating and cooling in Canada Summer 2019 LATIN AMERICA Changing dynamics in Brazilian renewables Project Finance & Infrastructure Journal MIDDLE EAST & AFRICA Bahrain signs Sitra refinery expansion POWER & RENEWABLES REPORT 2019 Monster hunting Taming the battery storage beast Our EXPERIENCE means you’ll have a better one. A leading provider of project finance agency services. No matter the type of project, you need an experienced team NORTH AMERICAN CORPORATE TRUST that can provide holistic corporate trust and agency services PROVIDER OF THE YEAR support for all aspects of the transaction. At Wilmington Trust, our keen understanding of transaction structures is supported by specific experience in executing every aspect of a deal with expertise and eciency. Our full-service, relationship-driven approach is why we’ve been at the table on some of the largest transactions in recent history, and our team stands ready to craft DOUG LAVELLE [email protected] +1 212.941.4426 a customized approach and solution for you. For more insight on how we’ve successfully supported clients on project finance transactions, contact one of our experienced professionals or visit wilmingtontrust.com/projectfinance. WILL MARDER [email protected] +1 212.941.4418 ADMINISTRATIVE AGENT | COLLATERAL AGENT | DEPOSITARY | ACCOUNT BANK | TRUSTEE | INTERCREDITOR AGENT Services provided by Wilmington Trust, N.A. Wilmington Trust is a registered service mark. Wilmington Trust Corporation is a wholly owned subsidiary of M&T Bank Corporation. Wilmington Trust Company, operating in Delaware only, Wilmington Trust, N.A., M&T Bank, and certain other aliates provide various fiduciary and non-fiduciary services, including trustee, custodial, agency, investment management, and other services. International corporate and institutional services are oered through Wilmington Trust Corporation’s international aliates. Loans, credit cards, retail and business deposits, and other business and personal banking services and products are oered by M&T Bank, member FDIC. ©2019 Wilmington Trust Corporation and its aliates. All rights reserved. 22104 190528 vF 22104_ GCM19 IJ Global Ad Q3_150528_v1.indd 1 5/29/2019 3:16:15 PM Contents 16 Cover story Monster hunting Major battery storage projects in Asia may still seem mythical to some but many have taken on the quest. By David Doré. 9 Who’s afraid of the CLO? Not all nancial instruments with three-letter acronyms are scary and CLOs for infrastructure debt are making a comeback. By Jon Whiteaker. 20 Defining the transition The number of energy transition funds is increasing and their investment targets are varied and numerous. By Viola Caon. 23 Changing market dynamics Developers in Brazil are turning to new revenue and nancing sources for the latest wave of renewable energy projects. By Juliana Ennes. ijglobal.com 1 Summer 2019 Contents 3 From the editor North America Briefings 42 Ottawa’s ESAP P3, Canada This project featured a rst in the Canadian PPP 4 Funds market 5 M&A 43 Stamp of approval 6 Capital Markets Presidential endorsement could see some major oil & 7 People gas projects get back on track 8 Policy & Regulations Europe Latin America 46 Vías Chile bonds 32 Talasol solar farm, Spain This renancing may prove a pathnder in the This zero-subsidy project required an innovative Chilean capital markets nancing solution 47 Ecuadorian PPPs 33 London calling The country is working hard to attract private The LSE remains an attractive destination for investment renewable energy funds 48 LNG-to-power and GNA I 35 Rookery South ERF, UK A look at Brazil’s power market reveals a rise in Financial close was a long time coming for this LNG-to-power projects energy-from-waste project Middle East & Africa Asia Pacific 51 Ravenhall Prison PPP re, Australia 38 A place in the sun This US private placement achieved a record tenor DFIs and foreign governments continue to support for an Australian PPP African renewables 52 Bright new idea 39 Sitra renery expansion, Bahrain Thailand oats a brand new energy strategy Sponsor BAPCO enlisted ECAs and regional banks to bring this project across the line Editorial Director Reporter, Energy Senior Marketing Manager Divisional CEO Angus Leslie Melville Elliot Hayes Andrew Rolland Jeffrey Davies +44 20 7779 8034 +44 02 7779 8404 +44 20 7779 8364 [email protected] [email protected] [email protected] Editor Reporter, Funds and M&A Data Manager Jon Whiteaker Arran Brown Nikola Yankulov +44 20 7779 8554 +44 20 7779 8441 +359 2 492 5750 [email protected] [email protected] [email protected] Assistant Editor Reporter, MEA Data Analysts: Eleonor Lundblad James Hebert Sophia Radeva, Lyudmila Zlateva, IJGlobal +44 20 7779 8040 +44 20 7779 8181 Iliyan Videnov, Yavor Guerdjikov, Euromoney Institutional Investor PLC [email protected] [email protected] Miroslav Hadzhiyski, Valentin Mihaylove 8 Bouverie Street Funds Editor Reporter, Asia Pacific Business Development Manager, EMEA London, UK EC4Y 8AX Viola Caon David Doré Doug Roberts +44 20 7779 8870 +44 20 7779 8324 +852 2912 8052 +44 207 779 8546 © Euromoney Institutional Investor PLC [email protected] [email protected] [email protected] 2019 ISSN 2055-4842 Americas Editor Reporter, Europe Business Development Manager, Ila Patel Eliza Punshi Americas +44 02 7779 8629 +44 20 7779 8648 Alexander Siegel Directors [email protected] [email protected] +1 212 224 3465 David Pritchard (Chairman), Andrew [email protected] Rashbass (CEO), Wendy Pallot (CFO), Asia Pacific Editor Reporter, Energy M&A Sir Patrick Sergeant, Andrew Ballingal, Senior Business Development Manager Alexandra Dockreay Sophie Mellor Tristan Hillgarth, Imogen Joss, Tim Collier, Tim Willmott +61 405 441 990 +44 20 7779 8205 Kevin Beatty, Lorna Tilbian, Jan Babiak [email protected] [email protected] +44 20 7779 7216 [email protected] Senior Reporter, Americas Juliana Ennes Head of Subscription Sales +1 212 224 3430 Nicholas Davies [email protected] +44 20 7779 8284 [email protected] Senior Reporter, Asia Pacific Mia Tahara-Stubbs Production Manager +65 8117 8240 Steve Ashenden [email protected] ijglobal.com 2 Summer 2019 FROM THE EDITOR While uid asset denitions can be a source of annoyance, they are a sign of a market attracting new types of investors. Mere categorisation and cheese-fired power “What’s in a name?” Juliet asks. Given the star-crossed lovers favoured label. Now we have the core-plus-plus category being sticky end, it seems the answer is – quite a lot, actually. used for high yielding xed income assets. Naming conventions and categorisation are intended While you could interpret this segmentation as simply to bring clarity and understanding, but those working in an opportunity for managers to justify higher fees, it is a good infrastructure nance could be forgiven for a growing sense of example of the ‘mere categorisation effect’. confusion over what exactly it is they do for a living. This theory says that the spread of options has an effect Infrastructure as an asset class continues to expand to the on the choosers’ satisfaction. In the example of a supermarket, a far reaches of credibility and terms like ‘green’ and ‘sustainable’ greater number of bread options on the shelf provides a shopper are bandied about with abandon. with a feeling of self-determination and a greater satisfaction with Then Iona Capital announces plans to build a biogas plant their purchase. in Yorkshire that uses the whey from Wensleydale cheese as a If you want to attract new investors to an asset class, best feedstock, and it is enough to make you think all rules no longer to provide a variety of investment options to give them a greater apply and we are living in a world where anything goes. sense of agency and condence they are picking a product best But as always, people should try to supress a natural fear suited to their objectives. of the new. Our technological environment is evolving fast and With the infrastructure funding gap still yawning, creating new opportunities. particularly in emerging markets, nding new ways to match Infrastructure has always been a slippery term. A lawyer investors to assets is a worthwhile cause. remarked to me recently that as far as he is concerned, “infrastructure More justied perhaps is annoyance with newer terms is anything that an infrastructure fund is willing to invest in”. connected to combating climate change that are very hard to pin Few would be quite as cynical but it is certainly true that down. Anyone who has looked closely at the investment criteria assets that would not have comfortably t the denition 10 years for green bonds know that ‘green’ is a broad church encompassing ago are happily incorporated into the universe now. Data centres many denominations. and crematoria spring to mind. The rightly ridiculed Repsol ‘green’ bond, which will fund Infrastructure funds are probably not the ones to be more efcient upstream oil development, is an obvious example setting hard rules because they need to keep denitions broad but a lack of clear guidelines is a problem for the whole of this and their options open. The choice between denition purity and growing market. successfully deploying capital is an easy one. ‘Energy transition’ and ‘sustainable’ can be similarly vague Most would say infrastructure assets still need to be essential terms, and while corporates and investors are attracted to these facilities or structures that have a monopoly or quasi-monopoly, investment opportunities to boost their ESG credentials, they are operate in a regulated environment, and have predictable long-term likely to become more discerning as shoppers.
Recommended publications
  • APRO-4700 Annual Front
    honorary chair chair Colleen Klein Honourable Ralph Klein, Premier alberta’s promise executive director Tyra Henschel alberta’s promise board members Bill Bannister Patricia Nelson Darwin Eckstrom Dustin Walker Doug Goss Jim Willoughby *Scobey Hartley Dick Wilson Bernie Kollman Niki Wosnack alberta’s promise premier’s council members (As of August 1, 2006) Bill Bannister Pat McDougall CTV Calgary Lyle R. Best Quikcard Solutions Inc. Jim McPherson McPherson, Rick Brace CTV L’Hirondelle Associates Wilf Brooks Tim Melton Melcor Developments Ltd. Trevor Brown Youth Member Chuck Mulvenna Canada Safeway Ltd. Gary G. Campbell, Q.C. Alberta Cancer Boa rd Florence Murphy EnCana Corporation Hugh Campbell Edmonton Eskimos Football Club Dr. Fraser Mustard Canadian Institute for Denise Carpenter Epcor Utilities Inc. Advanced Research, Dennis Chinner RBC Dominion The Founders’ Network Securities Inc. Lethbridge Patricia Nelson Calgary Health Trust Sheehan Chowdbury Youth Member Margaret Newall Prairieaction Foundation Strater Crowfoot Siksika Nation Eric Newell University of Alberta ALBERTA’S PROMISE Patrick D. Daniel Enbridge Inc. Cal Nichols Edmonton Investors Alberta’s Promise is dedicated to creating opportunities for young people. Maria David-Evans Alberta Children’s Services Group Ltd. CREATING PARTNERSHIPS OF POSSIBILITY Investing in Alberta’s young people pays dividends for *Robert Day TransCanada Corporation Taryn Penrice Youth Member By fostering creative partnerships between caring organizations, children Jack Donahue Donahue Wells Dr. Bruce Perry Darwin Eckstrom Northern Alberta Institute Ian Reid Finning (Canada) and youth derive extraordinary benefits. We’re fortunate to have a province of Technology Charlotte Robb Dynacare Kasper Murray Edwards Edco Financial Holdings Ltd. Medical Laboratories generations. that is blessed with natural resources, but our most valuable asset is our Brian Felesky, Q.C.
    [Show full text]
  • 2021 Salary Projection Survey Summary
    2021 Salary Projection Survey Insights on compensation trends expected in 2021 - Summary report 38th edition | September 2020 Table of contents 1 Introduction 2 Compensation consulting 3 Participant profile 6 Survey highlights 8 Historical base salary increase trend 9 Base salary 11 Salary structure 13 Survey participants 22 Notice 22 For more information Introduction The results presented in this report are an analysis of responses collected between July and August 2020 to the 38th edition of Morneau Shepell’s 2021 Salary Projection Survey. The data represents a broad cross-section of industries representing 889 organizations across Canada and provides data on actual salary budget increase percentages for the past and current years, along with projected increases for next year. • The report contains segmented data and a detailed analysis by Morneau Shepell’s compensation consultants. • Survey participation jumped over 75% on a year over year basis from 506 organizations participating in 2019, to 889 in 2020. Many of these organizations also participated in our 2020 Canadian Salary Surveys. • Survey data includes actual 2020 and projected 2021 base salary increases and salary structure adjustments. • Survey data is reported excluding zeros and including zeros (freezes) but does not include temporary rollbacks due to COVID-19. • Findings are summarized for non-unionized employees. • Statistical requirements applied to the data analysis include a minimum of three organizations for average/mean reported results, and a minimum of five organizations
    [Show full text]
  • We Create Communities
    Management Information Circular March 20, 2015 We create communities Stantec Inc. 1 Invitation to Shareholders 8 Notice of Annual General Meeting 9 Questions and Answers on Voting 10 Business of the Meeting 13 1 Financial Statements 13 2 Election of Directors 13 3 Appointment of Auditor 13 4 Nonbinding Advisory Vote on Executive Compensation 14 Nominees for Election to Board of Directors 15 Director Compensation 22 Compensation Philosophy and Approach 22 Components of Compensation 22 Directors’ Total Compensation for 2014 24 2015 Director Compensation Review 24 Board of Directors Information 25 Role and Duties of the Board of Directors 25 Corporate Governance Practices 26 Composition of the Board 27 Serving on Our Board 29 Committee Reports 32 Audit and Risk Committee 32 Corporate Governance and Compensation Committee 34 Executive Compensation Overview 36 Letter from the Corporate Governance and Compensation Committee 36 Compensation Discussion and Analysis 38 2014 Compensation Details 48 Employment Agreements 50 Additional Information 54 Currency 54 Stock Split 54 Interest of Certain Persons in Matters to be Acted Upon 54 2014 Shareholder Proposals 54 Continuous Disclosure 54 Shareholder Feedback 55 Directors’ Approval 55 Schedule A - Activities of the Audit and Risk Committee in 2014 56 Schedule B - Activities of the Corporate Governance and Compensation Committee in 2014 58 Schedule C - Stantec Long-Term Incentive Plan 59 2 2015 Management Information Circular Stantec Inc. 3 . 4 2015 Management Information Circular Stantec Inc. 5 6 2015 Management Information Circular Stantec Inc. 7 Invitation to Shareholders Dear Fellow Shareholder: The Stantec board of directors and management team invite you to attend the annual general meeting of shareholders of Stantec Inc.
    [Show full text]
  • Transparency Report 2013-14 V02.Indd
    RI TRANSPARENCY REPOR T 2020 Iona Capital Limited An investor initiative in partnership with UNEP Finance Initiative and UN Global Compact About this report The PRI Reporting Framework is a key step in the journey towards building a common language and industry standard for reporting responsible investment (RI) activities. This RI Transparency Report is one of the key outputs of this Framework. Its primary objective is to enable signatory transparency on RI activities and facilitate dialogue between investors and their clients, beneficiaries and other stakeholders. A copy of this report will be publicly disclosed for all reporting signatories on the PRI website, ensuring accountability of the PRI Initiative and its signatories. This report is an export of the individual Signatory organisation’s response to the PRI during the 2020 reporting cycle. It includes their responses to mandatory indicators, as well as responses to voluntary indicators the signatory has agreed to make public. The information is presented exactly as it was reported. Where an indicator offers a response option that is multiple-choice, all options that were available to the signatory to select are presented in this report. Presenting the information exactly as reported is a result of signatory feedback which suggested the PRI not summarise the information. As a result, the reports can be extensive. However, to help easily locate information, there is a Principles index which highlights where the information can be found and summarises the indicators that signatories complete and disclose. Understanding the Principles Index The Principles Index summarises the response status for the individual indicators and modules and shows how these relate to the six Principles for Responsible Investment.
    [Show full text]
  • Capital Power Corporation 12Th Floor, EPCOR Tower 1200 – 10423 101 Street Edmonton, AB T5H 0E9
    Capital Power Corporation 12th Floor, EPCOR Tower 1200 – 10423 101 Street Edmonton, AB T5H 0E9 For release: February 21, 2017 Capital Power reports fourth quarter and year-end 2016 results EDMONTON, Alberta – Capital Power Corporation (Capital Power, or the Company) (TSX: CPX) today released financial results for the fourth quarter and year ended December 31, 2016. Net income attributable to shareholders in the fourth quarter of 2016 was $28 million and basic earnings per share attributable to common shareholders was $0.21 per share, compared with $35 million, or $0.29 per share, in the comparable period of 2015. Normalized earnings attributable to common shareholders in the fourth quarter of 2016, after adjusting for one-time items and fair value adjustments, were $26 million or $0.27 per share compared with $41 million or $0.42 per share in the fourth quarter of 2015. Net cash flows from operating activities were $69 million in the fourth quarter of 2016 compared with $114 million in the fourth quarter of 2015. Funds from operations (FFO) were $75 million in the fourth quarter of 2016, compared to $125 million in the fourth quarter of 2015. For the year ended December 31, 2016, net income attributable to shareholders was $111 million and basic earnings per share attributable to common shareholders was $0.91 per share compared with $90 million and $0.70 for the year ended December 31, 2015. For the year ended December 31, 2016, normalized earnings attributable to common shareholders were $117 million, or $1.22 per share, compared with $111 million, or $1.15 per share in 2015.
    [Show full text]
  • Chris Fowler
    And the winners are... HeaderAward of Distinction BodyLEADER Copy OF THE YEAR Sponsored by: Award of Distinction: LEADER OF THE YEAR Chris Fowler President & CEO, CWB Financial Group Award of Distinction: LEADER OF THE YEAR Chris Fowler has served at CWB in roles with increasing responsibility since 1991, including commercial account management (1991-1995), credit risk (1995-2008) and joined the executive team in 2008 as Executive Vice President, Banking. He became President and Chief Executive Officer of CWB Financial Group in March 2013, concurrent with his election to the Board of Directors. Chris started his career in commercial and corporate banking in 1985 with Continental Bank of Canada, which was subsequently acquired by Lloyds Bank Canada and then by HSBC Bank Canada. He holds a Master of Arts Degree in Economics from the University of British Columbia. Chris sits on the University Hospital Foundation Board of Trustees and is currently the Chair of the Finance & Investment Committee. He is also a member of the Canadian Bankers Association’s Executive Council, the Business Council of Canada, Business Council of Alberta and the Alberta Economic Recovery Council. Chris is married with twin daughters. Played rugby for Team Canada in 1979, 1989 and 1990. He also played for UBC and club teams in Victoria, Vancouver and Edmonton where he won multiple provincial championships as well as the national city championships. HeaderAward of Distinction BodyCOMMUNICATOR Copy OF THE YEAR Sponsored by: Award of Distinction:COMMUNICATOR OF THE YEAR Shani Gwin Founder & Managing Partner Gwin Communications Award of Distinction:COMMUNICATOR OF THE YEAR Shani Gwin is the founder and managing partner of Gwin Communications, an Indigenous owned, led and staffed public relations agency.
    [Show full text]
  • 2022-2024 PBR Drainage Application
    EPCOR WATER SERVICES INC. 2022-2024 Performance Based Regulation Drainage Application February 16, 2021 EPCOR Water Services Inc. 2022-2024 Drainage Application Table of Contents APPLICATION OVERVIEW ............................................................................................ 1 1.1 Introduction .................................................................................................................... 1 1.2 Applied-For Sanitary and Stormwater Rates .................................................................. 5 1.3 Applied-For Performance Measures ............................................................................... 7 1.4 EWSI Background and Corporate Structure ................................................................... 7 1.5 Forecast Revenue Requirement – Sanitary and Stormwater Utilities ............................ 8 1.6 Proposed Cost of Capital ............................................................................................... 11 1.7 Annual Drainage Rate Setting (2022-2024) .................................................................. 12 1.7.1 Inflation Factor .......................................................................................................... 13 1.7.2 Efficiency Factor ........................................................................................................ 13 1.8 Special Rate Adjustments to Sanitary and Stormwater Rates ...................................... 15 1.8.1 Special Rate Adjustments for Re-Basing ..................................................................
    [Show full text]
  • ST-MALO – JERSEY – CHERBOURG « Petit Tour De Manche À Vélo » Du 13 Au 21 Mai 2015 (500 Km)
    Randonnée ST-LÔ – MONT-ST-MICHEL – ST-MALO – JERSEY – CHERBOURG « Petit Tour de Manche à vélo » du 13 au 21 mai 2015 (500 km) Tout n’est pas organisé, chaque cyclo-voyageur doit être autonome, seules les étapes du soir sont précisées, ainsi que l’itinéraire à suivre. Chaque participant doit disposer de son équipement (vélo révisé, matériel de camping, cartes, pièces de réparation, etc.). On peut arriver en cours de voyage, le jour que l’on veut, et repartir à sa guise. Entre deux étapes, chacun-e est libre de rouler seul-e ou en groupe et peut rouler 60 km ou plus, selon sa forme et son humeur (visite de sites, sieste, étape gastronomique). En principe, les participants se retrouvent chaque jour à l’endroit du rendez-vous fixé à l’avance (devant l’hôtel de ville, sur une place etc.), pour un départ groupé à l’heure indiquée, les retardataires peuvent rejoindre le groupe comme bon leur semble. Chacun-e doit gérer ses étapes (hébergement, repas) dans les lieux indiqués ci-dessous ou d’autres lieux de son choix, réserver les billets du ferry pour l’Île de Jersey à Condor ferries / Manche îles express, et se munir du topoguide avec la carte du parcours. Les itinéraires décrits sont un enchaînement de voies vertes, chemins de halage, pistes cyclables, petites routes agricoles et même, en certaines occasions, tronçons de départementales un temps partagées avec les autres catégories d’utilisateurs. Une forme de jeu de piste généralement pas trop difficile à suivre malgré un balisage peu existant, requérant prudence et attention.
    [Show full text]
  • Mes.Randos.Vélo
    mes.randos.vélo TOUR DE MANCHE DE SAINT-LÔ A SAINT-LÔ via Le Mont-St-Michel, Saint-Malo, Ile de Jersey, Cherbourg 500 km – 9 étapes (dénivelé positif 4900 m !) – 13 au 21 mai 2015 Il ne s’agit pas d’une randonnée organisée mais de vacances à vélo en autonomie. Tout n’est pas organisé, chaque cyclo-voyageur doit être autonome, seules les étapes du soir sont précisées, ainsi qu’un itinéraire conseillé. Chaque participant doit disposer de son équipement (vélo révisé, matériel de camping – pour les cyclo-campeurs, cartes, pièces de réparation, etc.). On peut arriver en cours de voyage, le jour que l’on veut, et repartir à sa guise. Entre deux étapes, chacun-e est libre de rouler seul-e ou en groupe et peut rouler 70 km ou plus, selon sa forme et son humeur (visite de sites, sieste, étape gastronomique).En principe, les participants se retrouvent chaque jour à l’endroit du rendez-vous fixé à l’avance (devant l’hôtel de ville, sur une place etc.), pour un départ à l’heure convenue, les retardataires peuvent rejoindre le groupe comme bon leur semble. Chacun-e doit organiser ses étapes (hébergement, repas) dans les lieux indiqués ci-dessous ou d’autres lieux de son choix, réserver les billets du ferry pour l’Île de Jersey à Condor ferries / Manche îles express, et se munir du topoguide avec la carte du parcours. Les itinéraires décrits sont un enchaînement de voies vertes, chemins de halage, pistes cyclables, petites routes agricoles et même, en certaines occasions, tronçons de départementales un temps partagées avec les autres catégories d’utilisateurs.
    [Show full text]
  • Portsmouth Harbour to Ferry Terminal
    Portsmouth Harbour To Ferry Terminal motorcyclesKelsey flares dead, surprisedly he assort if old-fashioned so logically. HaskelShaun decrepitatesdopes or ridicules. his fortification Tinier Jessey trichinised laicized unanswerably, aboriginally while but acaudate Clemmie Tonnie always never disprized wreaths his Abbasid so sufferably. Your return to portsmouth harbour ferry terminal just a number Portsmouth Ferries Portsmouth Ferry Port for Ferries from. Gatwick express is one of line in france, the isle of wales, and rights reserved worldwide scale with. To santander from a mainland england major routes or take the. Welcome to terminal is currently no. Switch off your ferry terminal is. Our Portsmouth Port Solent East Hotel is desperate for Portsmouth city centre the enable terminal and Cosham train the Book Direct. Portsmouth Ferry and Cruise Terminal Taxis Taxi Transfers to easily from. Both car ferry company began operating a hot meal every operator wightlink. Trains to Portsmouth Times & Tickets Omio. Portsmouth Ferry quick service people by OTS Ltd. Portsmouth ferry prices Dance SA. Keen ultra trail runner passionate about portsmouth harbour station at ryde pier head route via the ferry terminals, wightlink also see the. Deals for Hotels near Portsmouth UK Ferry and Cruise Port Book cheap accommodation close the Terminal and Harbour Get Exclusive Offers for Hotel or B B. Portsmouth city centre, while we smooth scroll only services operate the help us reviews from! Portsmouth International Port Portsmouth United Kingdom. The written Guide to Dorset Hampshire & the Isle of Wight. Waiting open for FastCat at Portsmouth Harbour The terminal. Out is to terminal and. Chartered boat tours around the harbour to board a multifaceted history train lines offer.
    [Show full text]
  • Condor, La Belle Affaire…
    FÉVRIER 2015 LE MALOTRU N LE CONTRE-JOURNAL LOCAL DE LA CÔTE D’ÉMERAUDE À Oncle Bernard, alias Bernard Maris, toujours vivant, cette enquête rédigée au moment où des tueurs fanatisés le réduisaient au silence, lui et ses formidables copains… À toutes les victimes de la bêtise… Pendant qu’on dort, les affaires continuent… Condor, la belle affaire… RUBRIQUE : PARADIS FISCAL, ENFER SOCIAL… Depuis quelques décennies, Condor Ferries, une entreprise Derrière cette façade, qui sait que se cache un des exemples les discrète, assure les liaisons Jersey-Saint-Malo par voie maritime. plus emblématiques de ces machines à cash transnationales, aux Depuis 1964, date de sa naissance, elle a progressivement vu dis- mains d’un groupe financier australien glouton qui a des intérêts paraître la concurrence, notamment française (Emeraude Lines également dans nos autoroutes ? Eh oui, hasard de l’actualité, devenu Jersey Emeraude/Sogestran, H.D, Compagnie Corsaire…) Macquarie Fund -c’est le nom de ce groupe financier- aux côtés sur ce marché étroit. Elle a gagné -sans trop s’en vanter- une po- d’Eiffage et d’autres, certes plus connus- s’est trouvé récemment sition de quasi-monopole sur les deux routes qui relient les Iles identifié et stigmatisé par l’Autorité de la Concurrence(1) au vu anglo-normandes à la G.B et à la côte française. Certes, l’anniver- des rentes acquises dans ce domaine à l’issue des privatisations saire des cinquante ans d’activité a bien été l’occasion de quelque de 2006. faste l’été dernier, mais il a surtout permis de jeter encore un peu de poudre aux yeux à travers des achats d’espaces publicitaires À part ce léger accroc médiatique récent -qui aura échappé à dans la presse locale et régionale dont on sait combien ils sont beaucoup- tout semblait donc aller pour le mieux : 6% de passa- inversement proportionnels à leur pouvoir critique.
    [Show full text]
  • Ferry Routes Guide 2020
    KEY ROUTES & OPERATORS Amsterdam (IJmuiden) Harwich Portsmouth Newcastle DFDS Hook of Holland Stena Line Bilbao; Caen; Cherbourg; Ferry Routes Guide 2020 Fishbourne; Guernsey; Jersey; Belfast Heysham Le Havre; Ryde; Santander; St Malo Cairnryan; Douglas; Liverpool Douglas Brittany Ferries; Condor Ferries; Isle of Man Steam Packet Isle of Man Steam Packet Hovertravel; Wightlink Book the Ferry Best for your Clients Company; Company Stena Line Roscoff If it has been a while since you last included ferry Holyhead Cork; Plymouth; Rosslare travel in your transport or package holiday options, Stornoway Bilbao Dublin Irish Ferries; Stena Line Brittany Ferries now is a great time to take look at this safe and Portsmouth; Rosslare exciting way to travel. With more than 80 ferry Brittany Ferries Hook of Holland Rosslare Tarbert Harwich Stena Line Bilbao; Cherbourg; Fishguard; routes across the UK, Ireland and British Islands, Leverburgh Berneray Ullapool Caen Pembroke; Roscoff there are plenty of options to make the journey a Lochmaddy Portsmouth Brittany Ferries Hull Brittany Ferries; Irish Ferries; key part of the holiday experience. Rotterdam; Zeebrugge Uig Stena Line Cairnryan P&O Ferries Where can you get to by ferry? Belfast; Larne Rotterdam P&O Ferries; Stena Line Isles of Scilly Recent research commissioned by Discover Hull P&O Ferries Lochboisdale Penzance Isles of Scilly Travel Ferries* suggests that more than half (51%) of Canna Calais Armadale SCOTLAND Ryde holidaymakers are looking to travel within the UK, Rum Dover DFDS; P&O Ferries Jersey Southsea; Portsmouth Castlebay Mallaig Guernsey; Poole; Ireland and British Islands this year, with a further Eigg Hovertravel; Wightlink 27% wanting to travel elsewhere in Europe.
    [Show full text]