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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


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


Canada Rolls Out Oil Tanker Moratorium Act

Infographic: Transport Canada

 The transportation system is something Canadians rely on every day, from getting us to work, or bringing us the products we use in our homes.    The Government of Canada is working to ensure that goods are transported in a safe and responsible way while protecting our marine environment and clean water.     "The Government of Canada is committed to demonstrating a clean environment and a strong economy can go hand-in-hand


Wreck of WWI German U-boat Sub Found off Belgium

A German U-boat (Photo: Library of Congress, Bain Collection)

The well-preserved wreck of a World War One German submarine, possibly still containing the bodies of its 23 crew members, has been found off the Belgian coast.   The use of submarines, often referred to as U-boats, in World War One to disrupt British trade routes in the English Channel and


Maria Seen Strengthening into Major Hurricane

A second powerful storm in as many weeks was bearing down on a string of battered Caribbean islands, with forecasters saying Maria would strengthen rapidly into a major hurricane as it ripped into the Leeward Islands on Monday night.  


ICS Launches New Brand

Esben Poulsson (Photo: ICS)

 The International Chamber of Shipping (ICS) has used London International Shipping Week to launch a new brand identity, aiming to better serve its role as the global trade association for shipowners, representing national shipowners’ associations from 37 countries and over 80 percent


Hong Kong and UK Strengthen Maritime Ties

Left: Chan Fan, Frank, JP, Secretary for Transport & Housing, Hong Kong Government; right: Maritime London Chairman,  Lord Mountevans ; back: UK Minister of State for Transport Legislation and Maritime, John Hayes, CBE, MP. (Photo: Maritime London)

 Representatives of the British and Hong Kong maritime business sectors have agreed to forge a closer working relationship.   Under the terms of a new Memorandum of Understanding, Maritime London and the Hong Kong Maritime & Port Board (HKMPB) will cooperate in a range of areas


Thales Invests to Advance Autonomy

(Copyright Thales)

Thales is announcing a major commitment to develop future autonomous and unmanned technology across air and sea by investing in two new UK-based trials and training centers.   Following Thales’s successful trials during the Royal Navy’s Unmanned Warrior exercise in 2016


Norco to Build Composite Workboats for UK Navy

(Photo: Norco)

 Norco Holdings, the Poole-based manufacturer of lightweight composite structures and GRP moldings, has been selected by Atlas Elektronik UK (AEUK) to build the fleet of replacement workboats ordered recently by the UK MoD and due to be delivered over the next six years.  


Glosten to Design Electric Ferry for Skagit County

Washington’s Skagit County has selected Seattle based naval architecture and marine engineering consultancy Glosten to design a new all-electric vehicle/passenger ferry.   The new ferry will replace M/V Guemes, which has provided service between Anacortes and Guemes Island, Wash


Maritime & Coastguard Agency Appoints Chapman SOSRep

The Maritime & Coastguard Agency has made a new appointment to the role of Secretary of State’s Representative (SOSRep) Maritime Salvage & Intervention, which oversees the response to accidents at sea. Les Chapman has been appointed to the role and will join the Agency on Monday 21


Construction Milestone for RRS Sir David Attenborough

(Photo: Cammell Laird)

The stern section of Britain’s new polar research ship, RRS Sir David Attenborough, will be transported by barge this week from Hebburn-based shipyard A&P Tyne (Newcastle), part of A&P Group, to the Cammell Laird’s shipyard in Birkenhead.   


Theresa May hails HMS Queen Elizabeth

Photo: UK Chamber of Shipping

 The Royal Navy’s new flagship HMS Queen Elizabeth berthed in her home port of Portsmouth early on Wednesday morning and was greeted Prime Minister Theresa May visited the aircraft carrier and hailed it as a symbol of the UK’s maritime might


BPA Wants Reassurances on Borders Post Brexit

Image: British Ports Association

 Commenting on the publication of the Government’s Brexit negotiating position paper on customs, the British Ports Association (BPA)’s Chief Executive, Richard Ballantyne today welcomed the focus on continuity but suggested that further reassurances were needed on future customs


UK Chamber Welcomes Proposed Customs Arrangements

Image:  UK Chamber of Shipping

 The UK Chamber of Shipping has welcomed proposals for customs arrangements that could be implemented after the UK’s departure from the European Union, which were published today in a new paper from the Department for Exiting the European Union (DExEU).  


Battered by Waves, British Coastguard Completes Daring Sea Rescue

A British rescue worker was battered by waves but still completed a daring sea rescue after three people got into difficulty on the west coast of England, a video released by British coastguard service on Tuesday showed. Footage shot from a helicopter showed a man clinging to a rock in the sea


Sakhalin II LNG Export Plant Awards 3-cargo Tender

Russia's Sakhalin II liquefied natural gas (LNG) export facility has awarded its three-cargo tender to Royal Dutch Shell, Gazprom and Mitsui, trade sources said. The plant offered three October cargoes loading on Oct. 5, 7 and 15, they said. The companies are estimated to have paid about $6


Trafigura to Lift Angolan LNG Cargo

File Image (CREDIT: AdobeStock / (c) Fotmart)

Commodity trader Trafigura purchased a liquefied natural gas (LNG) cargo offered by Angola's export facility through a tender, trade sources said.   The cargo, which loaded on Aug. 7-9, attracted a price in the $6 per million British thermal units (mmBtu) range, they said.  






 
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