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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


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


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,


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


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


Seaspan to Build Another 10 Noncombat Vessels

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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.


This Day In Naval History: August 24

USS Essex (LHD 2) (U.S. Navy photo)

1814 - During the War of 1812, the British invade Md. and burn Washington, D.C. Commodore Thomas Tingey, superintendent of the Washington Navy Yard, burns the Navy Yard to prevent British access during the invasion. 1862 - During the Civil War, Capt


Ocean Signal, AMI Marine Unveil E101V Float-Free EPIRB

Ocean Signal E101V float-free EPIRB with integrated VDR memory capsule

Marine communications specialist Ocean Signal and VDR manufacturer AMI Marine will introduce a new float-free EPIRB with integrated voyage data recorder (VDR) memory capsule at this year’s SMM in Hamburg. The Ocean Signal E101V provides a reliable and innovative solution for commercial


This Day In Naval History: August 23

1819 - Commodore Oliver H. Perry, the hero of the Battle of Lake Erie, dies on board the schooner, USS Nonsuch, in Trinidad of a fever contracted during his successful efforts to suppress piracy while maintaining the friendship of Latin American governments. It was his 34th birthday.  


MN100: Robert Allan Ltd.

Mike Fitzpatrick (Photo: Robert Allan Ltd.)

The Company: With about 82 employees, Robert Allan Ltd. is Canada’s most senior consulting Naval Architectural firm, established in Vancouver, B.C. in 1930. The company has earned an international reputation for innovative, successful designs for a wide range of ships and has been a leader


This Day In Naval History: August 17

Cover of the commissioning program for USS McCampbell (DDG 85)

1812 - The frigate, USS President, captures British schooner, HMS L'Adeline, in the North Atlantic.   1841 - Secretary of the Navy George E. Badger signs that the Chief Clerk's signature is valid on the certified copy of the medal citation awarded to Capt


First Commercial Cruise Will Sail Canada's Northwest Passage

File photo of Crystal Serenity (Courtesy Crystal Cruises)

The first commercial cruise ship to sail through Canada's Northwest Passage was set to depart on Tuesday, part of a growing Arctic tourism industry spurred by rising temperatures and receding ice.   The ship Crystal Serenity was to depart from Anchorage, Alaska


Shipping Industry Slumps, but Ship Scrapping Looks Up

Alang, Gujarat: Worlds biggest ship breaking yard. Photo from Youtube video

 While the shipping industry struggles through a historic downturn, ship scrapping business is seeing accelerating demand, reports WSJ.   The global economic slowdown is putting shipping through its most bruising period since the 2008 financial crisis.   


Fort McHenry: Vane Brothers New 3,000hp Tug

Vane Brothers Ft McHenry at Ft McHenry. (Photo: Vane Brothers)

Vane Brothers is hailing the newest addition to its fleet: the Fort McHenry, a state-of-the-art, 3,000-horsepower tugboat named in honor of the historic landmark that can be seen from the company’s Baltimore, Maryland, headquarters.  


This Day In Naval History: August 12

Ticonderoga-class guided missile cruiser USS Lake Champlain (CG 57) (U.S. Navy photo  by Christopher Ware)

 1898 - USS Mohican and USS Philadelphia (C 4) crew members take part in official ceremonies marking the assumption of sovereignty of the Hawaiian Islands by the United States.   1918 - The Secretary of the Navy Josephus Daniels approves the acceptance of women in the Marine Corps


Royal Navy Sailors Train with Wasp

Royal Navy Leading Airman (Aircraft Handler) Rohorne Mckenzie observes the landing of an MV-22B Osprey on the flight deck of the amphibious assault ship USS Wasp (LHD 1) July 13, 2016. Wasp is deployed with the Wasp Amphibious Ready Group to support maritime security operations and theater security cooperation efforts in the U.S. 6th Fleet area of operations. (U.S. Navy photo by Mass Communication Specialist 3rd Class Rawad Madanat/Released)

The Royal Navy sent six Sailors, from Navy Command Headquarters in Portsmouth, England, to integrate into Wasp’s flight deck operations to prepare them for their upcoming Queen Elizabeth-class aircraft carriers. Her Majesty’s Ship (HMS) Illustrious was the last carrier in British


BP Loads ANS Crude for Export

British oil company BP Plc has loaded a cargo of Alaskan North Slope (ANS) crude for export, according to two trade sources and Reuters Trade Flows data, the latest indication that exports of Alaskan crude are becoming less rare.   The crude loaded on the Cascade Spirit


Next Generation Workshops Set for Southampton

SMS Next Gen x 3 workshop v2.jpg

A unique program of three specialist events for the sub IMO / sub 24 meter professional sector is being held ‘back to back’ at the Grand Harbour in Southampton, U.K. this October. The fast moving workshop style program brings together an international group of experts armed with the


AIDA Cruises Sets Its Sights on the Chinese Market

Photo courtesy of AIDA

American/British owned German cruise line AIDA Cruises has launched its first marketing campaign on the Chinese market. From April 2017, with AIDAbella, AIDA Cruises will, for the first time, deploy a ship in China all year round and, in close cooperation with Costa Asia


This Day In Naval History: August 8

USS Fort McHenry (LSD 43) (U.S. Navy photo)

1860 - Screw frigate USS San Jacinto, commanded by Capt. William M. Armstrong, captures the American slaver Storm King with 619 slaves on board, off the Congo River. A prize crew from the steam frigate sailed the captured slaver to Monrovia and turned 616 freed Negroes over to the United States


Specialists Team Up for International BWTS Refit

Solent Refit – aerial shot of Solent Refit at Hythe (Photo: Solent Refit)

U.K.-based Solent Refit and global marine equipment specialists Cathelco have teamed up to help international customers meet new ballast water management regulations.   Solent Refit, at Hythe, on Southampton Water, has built its reputation on maintaining and refitting classic and modern






 
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