By Susanna Twidale LONDON, Sept 19 (Reuters) - Britain has launched its first major auction of offshore wind farm leases in a decade, offering sites with the combined potential to power more than six million homes. Britain is already the world's largest offshore wind market, and plans to generate a third of its electricity from the technology by 2030 as a part of efforts to … [Read more...]
Babcock Wins Frigate Deal as UK Bids to Restore Shipbuilding Industry
By Alistair Smout LONDON, Sept 12 (Reuters) - Babcock International won a contract to design new Type 31 frigates on Thursday as Britain seeks to revive its once-mighty shipbuilding industry. The frigates will be assembled at Babcock's facility in Rosyth, Scotland, and the program will support over 2,500 jobs across the Britain, including its supply chain. The deal will … [Read more...]
Port of Southampton Enters Into UK’s First ‘Port Economic Partnership’
The UK government and the Port of Southampton have teamed up to launched the UK's first Port Economic Partnership (PEP), a way of creating stronger links between ports and government in order to long-term trade and economic growth. For the partnership, the UK Department for Transport (DfT) will work with ABP's Port of Southampton to focus on leveraging public and private … [Read more...]
Authorities Seized a Record 1.3 Metric Tons of Heroin in Container at Port of Felixstowe
Authorities in the U.K. have seized a record 1.3 tonnes of heroin from a container loaded on a Maersk-operated ship after it docked in Felixstowe. The U.K. National Crime Agency reports that the seizure was the result of an international investigation that uncovered the drug shipment on board the Antwerp-bound containership Maersk Gibraltar. Authorities raided the ship … [Read more...]
UK Offshore Wind Deal Highlights Appeal of Renewables
By James Thornhill and Jeremy Hodges - (Bloomberg) --Spanish utility Iberdrola SA is selling a stake in a U.K. offshore wind farm to a unit of Macquarie Group Ltd. for 1.63 billion pounds ($1.96 billion) in a deal that highlights the widening appeal of renewable assets. Institutional investors are becoming more inclined to invest earlier in large offshore wind projects for … [Read more...]