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...]
Shipping TV Tour On Board a Seventy-Year-Old VIC Steamer – VIDEO
Shipping TV's Chris Gosling takes a tour aboard the 1945-built steam-driven Victualling Inshore Craft, VIC96, has a chat with her skipper and engineer, and a quick change from ahead to astern. VIC 96 is one of the few surviving workhorses of its day, built as part of the war effort to supply naval dockyards and the Royal Navy fleet. For more on this ship, check … [Read more...]
UK Opts to Maximize Offshore Oil Production Over Onshore Wind
By Alex Morales (Bloomberg) -- The U.K. aims to maximize domestic oil and gas production and curb the spread of onshore wind farms as the government leans toward maintaining energy security over cutting carbon emissions. The measures form part of an Energy Bill announced by Queen Elizabeth II in a speech to Parliament in London on Wednesday that outlines the first … [Read more...]
Britain’s Top Port Operator to Sell $2.4 Billion Stake
March 31 (Reuters) - The Canada Pension Plan Investment Board (CPPIB) and Hermes Infrastructure are to buy a 30 percent stake in Associated British Ports for about 1.6 billion pounds ($2.4 billion). Associated British Ports is Britain's leading port operator, with 21 ports in England, Scotland and Wales. The deal will allow the Hermes-CPPIB consortium to acquire a further … [Read more...]
BAE Wins $1.3 Billion Contract to Design Britain’s New ‘Type 26’ Warships
LONDON, Feb 20 (Reuters) - Britain agreed to an 859 million pound ($1.32 billion) contract with BAE Systems on Friday, giving the green light to the British defence company to continue with the next phase of design for a new fleet of warships. BAE Systems has been working on plans to provide Britain with 13 new Type 26 complex warships since 2010. The new contract paves the … [Read more...]