By Susanna Twidale and Nina Chestney LONDON, March 7 (Reuters) - Japanese-Danish joint venture MHI Vestas plans to continue investing in its wind turbine blade manufacturing plant in Britain, despite the country's impending departure from the European Union, its chief executive told Reuters. MHI Vestas, a venture between Denmark's Vestas Wind Systems A/S and Japan's … [Read more...]
UK Pays Eurotunnel Over “Secretive” No-Deal Brexit Ferry Contracts
LONDON, March 1 (Reuters) - Britain has paid out 33 million pounds ($43.7 million) to settle a claim with Eurotunnel which runs the Channel Tunnel between Britain and France after the firm took legal action over the process to award ferry contracts to cope with a no-deal Brexit. Eurotunnel had begun court action after the Department for Transport contracted ferry companies … [Read more...]
With Brexit in Flux, Shippers Re-Route to Avoid Dover
By Irene García Pérez (Bloomberg) -- As Theresa May mulls moves to stop the U.K. leaving the European Union without a deal next month, some businesses have already made plans to bypass the port of Dover in case a hard Brexit brings it to a standstill. The prospect of truck jams snarling Europe’s busiest ferry port is prompting a rethink of transport modes, with a switch of … [Read more...]
BREXIT: A Timebomb Ticking In Wales
by Thomas Penny (Bloomberg) There’s an ominous number that keeps coming up in conversations among workers at the port handling the bulk of trade between the U.K. and Ireland: “the 29th.” It’s the date at the end of March when Britain risks descending into chaos should politicians fail to agree on the terms of the country’s divorce from the European Union. The looming threat … [Read more...]
U.K. Wants Brexit Ferry Fiasco Put On Trial
by Kaye Wiggins (Bloomberg) The U.K. government appears to want an upcoming trial over its controversial no-deal Brexit ferry contracts to be held in private, according to Eurotunnel, which is bringing the lawsuit. Eurotunnel -- which is suing the government over its award of three contracts worth 108 million pounds ($141 million) to handle freight shipments in a no-deal … [Read more...]