Britain Seeks Tenant for BAE's Portsmouth Shipyard

MarineLink.com
Friday, April 04, 2014
Photo: BAE Systems

Britain has appointed agents to find a tenant for the country's historic Portsmouth dockyard, which is due to be vacated by BAE Systems by the end of the year as the defence contractor shuts its shipbuilding activities in the city.

BAE's announcement in November last year, which will affect 940 jobs, signalled the potential end of more than 500 years of shipbuilding in Portsmouth on England's south coast. The company plans to consolidate operations at its yards in Glasgow, Scotland.

Property consultants Lambert Smith Hampton said on Friday it will market the 13-hectare site to companies in Britain and abroad, and expects considerable interest from those operating in marine, defence, aerospace and general engineering sectors.

It said it had already approached possible tenants about the site, which is within the city's Royal Navy base.

A prospectus published by the Ministry of Defence estimated the site's rateable value - the annual rental value on the open market - at 3.47 million pounds ($5.76 million). It said the site's use would need to meet security requirements, and that it was keen to preserve jobs affected by BAE's departure.

($1 = 0.6028 British Pounds)

(Reporting by Brenda Goh)

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Damen Launches First of Two Ro-Pax Ferries

Eighty-meter ice class Ro-Pax ferry MV Veteran was recently launched by Damen Shipyards Galaţi in Romania, the builder announced today.   The vessel represents the first of a two-vessel contract,

Diana Shipping Acquires Two More Bulkers

Diana Shipping Inc. announces the acquisition of a Kamsarmax dry bulk vessel as well as a newbuild Capesize dry bulk vessel   Diana Shipping Inc. signed, through a separate wholly-owned subsidiary,

DEME Orders LNG-powered Dredgers from Royal IHC

Royal IHC has been awarded a contract for the design, construction and delivery of two unique low-emission dredging vessels to DEME in Belgium, the builder announced today.

Ship Repair & Conversion

BV Upgrades RAM Software

To help offshore operators and contractors get more out of their assets and develop projects more cost-effectively, Bureau Veritas has supercharged its reliability,

Hospital Ship Up to Speed with AMOS

SpecTec will work with Mercy Ships to migrate its current system Business Suite to AMOS Enterprise Management Suite (EMS). Mercy Ships’ Africa Mercy, the world’s largest hospital ship,

Ecochlor BWTS

Ballast water treatment technology developer Ecochlor Inc. presented a project case study at CMA Shipping 2015, a case study which covered the retrofit of Ecochlor’s

Navy

U.S. Renews Security Pledge to Japan

U.S. Secretary of State John Kerry told Japanese leaders on Monday that Washington's treaty commitments to Japan's security remain "iron-clad" and cover all territories under Tokyo's administration,

China "Extremely Concerned" by ASEAN Statements

China's foreign ministry said on Tuesday that it was "extremely concerned" after leaders of Southeast Asian countries expressed worry about land reclamation and

"River Cities" Host First Navy Week of 2015

Bossier City-Shreveport Navy Week begins April 27 and will continue through May 3. Navy Weeks focus a variety of assets, equipment and personnel on a single

Finance

Containers, Crude Drive Q1 Increase at Marseille Fos

A record month for containers and a revival in crude oil imports boosted first quarter throughput at leading French port Marseille Fos to 20.1 million metric tons – up by 1.

BMT Reports Strong Performance for 2014

BMT Group Ltd. announced a strong performance for the year to September 30, 2014, a period which saw BMT secure revenues of £165.1 million with underlying operating profits of £10 million,

China "Extremely Concerned" by ASEAN Statements

China's foreign ministry said on Tuesday that it was "extremely concerned" after leaders of Southeast Asian countries expressed worry about land reclamation and

News

Containers, Crude Drive Q1 Increase at Marseille Fos

A record month for containers and a revival in crude oil imports boosted first quarter throughput at leading French port Marseille Fos to 20.1 million metric tons – up by 1.

Damen Launches First of Two Ro-Pax Ferries

Eighty-meter ice class Ro-Pax ferry MV Veteran was recently launched by Damen Shipyards Galaţi in Romania, the builder announced today.   The vessel represents the first of a two-vessel contract,

US Detains Bulker for Safety Violations

A 738-foot motor vessel Kind Seas was detained by the U.S. Coast Guard after significant safety violations were found during an inspection in Kalama, Washington, Friday.

Government Update

U.S. Renews Security Pledge to Japan

U.S. Secretary of State John Kerry told Japanese leaders on Monday that Washington's treaty commitments to Japan's security remain "iron-clad" and cover all territories under Tokyo's administration,

China "Extremely Concerned" by ASEAN Statements

China's foreign ministry said on Tuesday that it was "extremely concerned" after leaders of Southeast Asian countries expressed worry about land reclamation and

Suez Canal Revenues up in March

Egypt's revenue from the Suez Canal was $420.1 million in March, a government website said on Tuesday, up from $382 million in February. The fastest shipping

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1530 sec (7 req/sec)