UK Hopes Navy Deal To Save Navy Jobs

Sunday, March 18, 2001
The U.K. Ministry of Defense hopes a new contract with naval shipbuilder Vosper Thornycroft would save 450 workers from the company's planned 650 job cuts announced in December. Vosper Thornycroft is building three offshore patrol vessels at its Southampton, southern England, shipyard for the Royal Navy. The vessels will replace existing ships involved with protecting fishing regulations. "Construction of the vessels is expected to safeguard around 450 jobs at Vosper Thornycroft's Southampton shipyard," the Ministry of Defense said in a statement. A spokesman for Vosper said the contract would be worth around 60 million pounds ($86.03 million) in total. Contract negotiations are expected to be finalized next month. UK Defense Procurement Minister Elizabeth Symons visited the Southampton shipyard on Friday, and said the Vosper deal would allow the Navy to save about 10 million pounds over the next few years. Symons said in a statement the Vosper contract would lead to fewer crew working on offshore patrol duties, but a Royal Navy spokesman said there would be no job cuts in this area. – (Reuters)
Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

Unplanned Encounters Discussed at Navy CNO's China Meeting

Chief of Naval Operations (CNO) Adm. Jonathan Greenert has left the People's Republic of China (PRC) after a successful four-day counterpart visit with military leaders,

Russia Doubts France Will Cancel Warships Sale

A senior Russian official said on Monday he doubted France would cancel its sale of warships to Russia, despite coming under pressure from other Western leaders

Cameron Questions France's Sale of Warships to Russia

British Prime Minister David Cameron on Monday questioned France's plan to sell Mistral helicopter carriers to Russia, saying fulfilling such an order would be

Finance

Pier Damaged at Port Canaveral

Undergoing Repairs While Coast Guard Investigates   The U.S. Coast Guard is investigating a weekend incident that caused pier damage and scattered concrete debris in the harbor on Sunday.

APM Terminals to Sell Container Terminal in Virginia

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said it would sell a big U.S. container terminal to infrastructure investor Alinda Capital

Scorpio Bulkers Gets $540m Loan for Newbuilds

Scorpio Bulkers Inc. announced that it has received a commitment for a $540 million loan facility and provides an update on the financing of its fleet. On July 21,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1045 sec (10 req/sec)