Marine link
 

New British

Brexit Impact on Shipping and Sea Trade in UK

Image: Worldshipping.org

 Eversheds International says that UK trade would clearly be impacted by the Brexit vote.    "We saw an immediate effect on currency and share prices, although there are signs that the market is settling down after the initial post-vote furore," says a report by Eversheds.    In terms of longer term impact, there are some matters which are already tolerably clear, for example that any changes to the cost of trade with the EU are likely to affect freight volumes at British ports.    However, the precise nature and extent of the effect on UK trade will depend entirely on the form of relationship which is ultimately agreed both with the EU and with other trading partners. With the new British Prime Minister, Theresa May, looking to defer triggering Article 50 until 2017, that form of relationship remains pretty ‘uncertain’.   There are wider potential outcomes for shipping in the UK beyond the direct effect on trade volumes. In terms of the UK offshore industry, for example, Tradewinds reported recently that “when news of the UK’s decision to exit the EU hit the offshore sector, most analysts agreed that the longer-term damage for the sector would be from a possible slowdown in the world’s economy.    However, some warned the immediate and near-term effect would be that oil companies would obviously put the brakes on much-needed investment in the UK.   


MAN B&W Acquires Alstom Engines

Effective June 9, MAN B&W Diesel has acquired the Alstom Engines business, and effective immediately the Alstom Diesel engine business was renamed MAN B&W Diesel Ltd. with its headquarters in Stockport, Cheshire. Dr. Hans-J. Schulte, President of MAN B&W Diesel, stated: "We welcome the new British members of the MAN B&W Diesel team to the MAN family. We will strengthen their technical and brand identities, thus bringing a wider range of products into a wider range of markets and placing more


This Day in Naval History – September 7

1775 - The first prize, the British supply ship, Unity, was captured by the Continental schoonerHannah. 1776 - David Bushnell attempts to destroy a British Ship of the Line, HMS Asia, in New York harbor with his submarine Turtle. 1942 - First air evacuation of casualties to hospital ships off shore occurs at Guadalcanal. (Source: Navy News Service)  


New British Warship Exercises with US Carrier Group

HMS Daring & USS Carl Vinsion: Photo credit USN

Aircraft carrier USS Carl Vinson works with new HMS Daring to exercise air defence capability HMS Daring has been working with the USS Carl Vinson and her impressive air wing of fast jets to test Daring's Sampson radar and control system which allows multiple targets to be tracked over ranges of up to hundreds of miles. That information is fed to the Aster missiles in the silo on the ship's forecastle. With the  long-range radar, Daring can track many thousands of air contacts


Avon Inflatables to Promote U.K. Marine Industry

Avon Inflatables, a U.K. RIB manufacturer, will be representing the UK Marine Industry on a combined outward Trade Mission to Australia and New Zealand this August. The event, organized by Trade Partnerships U.K. in association with the British Marine Federation, will see a number of U.K. marine companies visiting the two countries with the aim of raising the profile of the U.K. industry. During the mission, the group will be attending The Sydney Boat Show,


B.C. Seeks End to Offshore Drilling Ban

British Columbia's government is pushing to end a nearly four-decades-old ban on offshore oil and natural gas drilling to encourage exploration, Bloomberg reported. Fields off Canada's westernmost province's shores hold as much as 10 billion barrels of oil and 40 trillion cubic feet of natural gas, according to government estimates. It could be the biggest offshore reserves for any province based on these estimates, topping Newfoundland on the east coast


P&O Plans To Tackle German Cruise Market

British shipping group P&O plans to start taking Germans on cruise holidays, citing that market as underdeveloped and with huge growth potential. The company is investing an initial $80.6 million and taking a 51 percent stake in a joint venture cruise company to be formed with privately owned German group Arkona Touristik. The new company, Aida Cruises, will order two new ships to complement the 1,200 berth Aida. P&O has an option to take full control of the venture once the ships are


Greenpeace Wins Bid To Delay North Atlantic Exploration

Greenpeace won its bid to delay oil exploration in the north Atlantic when a judge ruled the British government was failing to apply a European Commission environmental directive in allocating licenses. The government is considering an appeal against the judgment on the basis that it is not taking into account the Commission's Habitats Directive in issuing exploration licenses. A spokesman said the government had been planning to issue new licenses in its 19th round early in 2000


Seaspan to Build Another 10 Noncombat Vessels

IMG_0124.jpg

Diane Finley, Minister of Public Works and Government Services Canada, joined by James Moore, Minister of Industry and Regional Minister for British Columbia, announced that Seaspan’s Vancouver Shipyards will build an additional 10 Noncombat vessels for the Canadian Coast Guard. The new ships, confirmed during Minister Finley’s visit to the Shipyards, increase Seaspan’s noncombat build package to 17 ships from the seven originally announced on October 19, 2011


Europe Set for LNG Supply Surge

Europe is luring twice as many liquefied natural gas (LNG) tankers as last year and more are expected in what is now the premium-priced market after a year-long demand slump in Asia. In just a week, seven new LNG tankers embarked for Belgian, British and Dutch ports and six more may arrive in the next month, attracted by the widest and most consistent premium to Asian prices in at least five years, price data on Reuters Eikon shows.


Andrew Garrad Awarded CBE in New Year’s Honours List

Photo: DNV GL

 Dr Andrew Garrad, who retired from DNV GL on 23 December 2016, has been awarded a CBE – Commander of the Most Excellent Order of the British Empire – in the 2017 New Year’s Honours List. The CBE rewards contributions to the arts and sciences as well as work with charitable


Samsung Wins $1.26bln Contract from BP

Photo: Samsung Heavy Industries

 Samsung Heavy Industries, South Korea's major shipyard, build a floating production unit for British oil multinational BP that will be used in offshore drilling in the Gulf of Mexico, says a report in Yonhap.   The 1.5 trillion won ($1


UK to Create Shipping Jobs through New SMarT+

Photo: UK Chamber of Shipping

 The UK shipping industry will create thousands of jobs for young people if Government increases funding for seafarer training, the UK Chamber of Shipping has said.   The industry trains around 800 new cadets each year, but this could increase to 1200 under a new industry proposal that


Status Report: Major Port and Merchant Shipping Legislation in India

Photo: Indian Ports Association (IPA)

 With a view to promote the expansion of port infrastructure and facilitate trade and commerce, the proposed bill aims at decentralizing decision making and to infuse professionalism in governance of ports.     The new Major Ports Authority Bill


Arctic Drilling Ban Gives Canada Leg Up -US Lawmakers

© ggw / Adobe Stock

U.S. lawmakers on Wednesday slammed an agreement made with Canada to ban offshore Arctic drilling, saying Ottawa's plan to review its ban every five years gives Canada a leg up on energy exploration.   U.S. President Barack Obama on Tuesday announced a ban on new oil and gas drilling


China's LNG Buying Spree Continues Through December

File Image: an LNG tanker underway (Credit: GAC)

China LNG imports hit record in November, but set to beat that this month. China's state oil and gas majors are set to import record levels of liquefied natural gas (LNG) this month, betting on robust demand during the cold winter months and helping lift Asian prices to their highest in nearly


Trelleborg Launches Fender Selection Tool

TMS Berthing Tool (Photo: Trelleborg)

Trelleborg’s marine systems operation has launched a new online Fender Selection Tool, almost completely digitizing the fender selection process and saving consultants the huge amounts of time normally spent carrying out complex manual calculations


Tinto Appointed V.P., Vancouver Shipyards

Tony Tinto  Courtesy Seaspan’s Vancouver Shipyards

Seaspan’s Vancouver Shipyards has appointed Tony Tinto to Vice President, Planning & Estimating. Tony joined Vancouver Shipyards (VSY) in 2006 as a Project Manager, before moving over to affiliate company Vancouver Drydock in 2007 in a similar capacity


Vancouver Shipyards Appoints Tinto as VP

Tony Tinto (Photo: Seaspan Vancouver Shipyards)

Seaspan’s Vancouver Shipyards has announced the appointment of Tony Tinto to Vice President, Planning & Estimating.   Tinto joined Vancouver Shipyards (VSY) in 2006 as a Project Manager, before moving over to affiliate company Vancouver Drydock in 2007 in a similar


Corvus Energy Powers North America's First LNG-Battery Hybrid Ferry

Photo courtesy of Corvus

The 'Seaspan Swift' is the first LNG-battery hybrid cargo ferry in North America. The vessel features two dual-fuel engines and a Corvus lithium ion energy storage system (ESS), which operates as spinning reserve and provides propulsion power for low-speed maneuvers.


Seaspan Ferries' First LNG-fueled Vessel Arrives

Seaspan Swift (Photo: Seaspan Ferries Corporation)

Seaspan Ferries Corporation (SFC) announced the arrival of the Seaspan Swift, the first of two new dual-fuelled/hybrid diesel, liquefied natural gas (LNG) and battery ferries to its fleet.   The new state-of-the-art vessel, currently docked at the SFC Tilbury Terminal in Delta


Caisse, Dubai’s DP World Ink $3.8-Billion Port Venture

Photo: DP World

 DP World announces the creation of an investment vehicle in partnership with Caisse de dépôt et placement du Québec (CDPQ), one of North America’s largest pension fund managers.   The investment platform totals US$ 3


Rolls-Royce to Cut Another 800 Jobs at Marine Unit

British engineering company Rolls-Royce said it would cut a further 800 jobs in its marine business to save an extra 50 million pounds ($63 million) a year, responding to weak demand from shipping and energy customers. The marine business


P&O Ferries Chooses GNS Solutions

Image: GNS

Ferry company P&O Ferries will take advantage of GNS solutions to deliver purchasing cost efficiencies and simplify navigation management and compliance on board.   P&O Ferries, the British ferry company that operates ferries from the U.K


Seaspan Names Lister VP, Commercial Services

Peter Lister (Photo: Seaspan Marine)

Peter Lister has joined the senior leadership team at Seaspan Marine as Vice President, Commercial Services, responsible for marketing, sales and customer relations. He will develop and build marketing strategies, customer service quality control measures






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright