Britain’s Peel Ports Expands Amid Brexit Trade Uncertainty

By Jonathan Saul LONDON, March 20 (Reuters) - Privately owned Peel Ports is expanding its workforce mostly in Liverpool and plans acquisitions this year, its chief executive said, as Britain prepares its ports to ease any trade disruption caused by Brexit. The British operator has been upgrading much of its network of seven ports, especially in northwest England, aiming to … [Read more...]

Spanish Warship Ordered Ships to Leave British Waters Near Gibraltar

LONDON, Feb 18 (Reuters) - A Spanish warship tried to order commercial shipping to leave anchorages in British waters near Gibraltar but was challenged by the British navy and sailed away, Gibraltar said, the latest example of tension over the strategic port as Brexit approaches. The Spanish ship tried to order ships to leave their anchorages on the eastern side of the Rock, … [Read more...]

Babcock to Close Appledore Shipyard in England as Orders Dry Up

EDINBURGH, Nov 1 (Reuters) - British engineering and defence firm Babcock International said on Thursday it was closing its Appledore shipyard in Devon, a "difficult" decision after orders ran out. Babcock said it hoped to offer all 199 employees at Appledore positions at other Babcock facilities, such as nearby Devonport, which is a British Navy dockyard. The southwest … [Read more...]

Queen Elizabeth Makes Millions from U.K.’s Offshore Wind Farms

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...]