By Anna Hirtenstein (Bloomberg) -- Leasing the seabed to offshore wind developers was the most profitable business last year for The Crown Estate Ltd., the company that generates income for Queen Elizabeth II. Earnings from the clean-energy technology in 2017 jumped 32 percent from the previous year to 37 million pounds ($49 million), according to a statement. The gain … [Read more...]
Britain Escorts Russian Ship Near National Waters Amid Strained Relations
LONDON, Dec 26 (Reuters) - A British ship escorted a Russian vessel as it passed near UK territorial waters over Christmas, Britain's defense ministry said on Tuesday, adding that Russian naval activity near Britain had increased in the holiday period. The frigate HMS St Albans departed on Dec. 23 to track the new Russian warship Admiral Gorshkov as it moved through the … [Read more...]
Britain Should Speed Up Military Shipbuilding to Create Jobs
LONDON, Nov 29 (Reuters) - Britain needs to speed up shipbuilding for the Royal Navy and spread work more widely across companies and shipyards to help create jobs and ensure the future of the industry, an independent report said on Tuesday. Britain's biggest defence contractor is BAE Systems , which together with its Clyde shipyard in Scotland will be the main beneficiary … [Read more...]
UK Shipping Sector Risks Sinking Fortunes if ‘Brexit’ Prevails
By Jonathan Saul LONDON, April 5 (Reuters) - If Britain votes to leave the European Union, the country's shipping sector faces years of disruption as trade agreements get reworked and currency volatility leads to higher costs at a time when the industry is battling its worst global downturn. Shipping contributes some 10 billion pounds ($14.2 billion) annually to the UK … [Read more...]
UK Set to Reject Large Offshore Wind Project in English Channel
COPENHAGEN, Sept 7 (Reuters) - Britain is poised to reject a large wind farm project in the English Channel as it would jeopardise the UNESCO World Heritage Site status of the country's Jurassic Coast, British newspaper The Telegraph reported. The project, Navitus Bay, was to be built near the Isle of Wight by Eneco Wind and EDF Energy with the aim of delivering up … [Read more...]