Calais Expects Little Disruption from 'no-deal' Brexit
Britain leaving the European Union without an agreement over its future relationship with the bloc will not create delays at the French port of Calais, the port's chief said on Wednesday, despite concerns raised over potential logistical chaos.Dover is Britain's main gateway to Europe, with up to 16,000 trucks a day passing through to Calais at peak times, transporting everything from perishable food to medicines and industrial goods needed to keep factories running.Jean-Marc Puissesseau…
Brexit:: P&O Re-flags Two Ships for Tax Reasons
British ferry and shipping freight operator P&O is reviewing its UK-registered fleet and is already re-flagging two vessels to keep European Union tax arrangements ahead of Britain's departure from the bloc, the company said.A P&O spokesman said two of its UK ships operating on the English Channel route to France would be re-flagged to Cyprus."The change is being made to preserve the tonnage tax financing arrangements, under which the ships should remain flagged in an EU member state," a statement said.The spokesman added that P&O was reviewing the flag status of its four other ships operating
Thompson takes over from Founder Heavey, Tullow Oil
Tullow Oil plc (Tullow) announced the appointment of Dorothy Thompson as independent non-executive Director and Chair-designate of Tullow with effect from the conclusion of the Group’s Annual General Meeting (AGM) on 25 April 2018. It is anticipated Thompson will succeed Aidan Heavey, Tullow’s current Chairman and Founder, as Chair at the conclusion of the Board meeting scheduled for 20 July 2018. Aidan will retire from the Board at the same time. Thompson (57) brings extensive experience to Tullow having served for 12 years as CEO of Drax Group plc…
Britain Reviewing Risks to its Satellite-Reliant Infrastructure
Britain is reviewing its reliance on satellite-based technology for critical infrastructure including the Global Positioning System (GPS) as the threat of jamming attacks and disruptions grows, a government report said on Tuesday. Emergency services, transport, communications and financial networks are among key sectors which depend on Global Navigation Satellite Systems (GNSS) such as GPS. Such technology needs accurate and reliable position and timing signals. Experts say the problem with GNSS is their weak signals…
Cyber Threats Prompt Return of Radio for Ship Navigation
The risk of cyber attacks targeting ships' satellite navigation is pushing nations to delve back through history and develop back-up systems with roots in World War Two radio technology. Ships use GPS (Global Positioning System) and other similar devices that rely on sending and receiving satellite signals, which many experts say are vulnerable to jamming by hackers. About 90 percent of world trade is transported by sea and the stakes are high in increasingly crowded shipping lanes.
Baltic Exchange Succumbs to Singapore as Shipping Turmoil Deepens
The crisis in global shipping and a tax exodus by big Greek vessel owners have helped finally seal the fate of London's Baltic Exchange after at least three approaches to buy it over the last six years of its near-three centuries history. Some 95 percent of shareholders voted on Monday in favour of a takeover deal from Singapore Exchange, valued at 87 million pounds ($112.87 million), trumping more than one effort from the London Metal Exchange to snap it up. "For Baltic shareholders it does release value…
BP Shareholders Stick with Dudley despite Pay Revolt
The future of Bob Dudley at the head of BP seems untarnished by shareholders' unusual rejection of his pay package as 99.6 percent of them also backed his re-appointment and trust him to lead the company through a period of weak oil prices. For the 60-year-old American, who was given the top job following the 2010 Deepwater Horizon oil spill, the vetoing of his $20 million compensation package is the first major faux pas in his time as chief executive. Such a shareholder revolt…
RBS to Exit Greek Shipping Portfolio
Royal Bank of Scotland Group PLC is winding down its Greek operation and is looking to sell its USD5 billion shipping loans portfolio, Reuters reported on Saturday. Citing finance sources familiar with the plans, Reuters said the move was part of the UK state-backed bank's efforts to shrink its international business. Part of a wider strategy by the bank to shrink parts of its international business, the decision comes as Greece makes a final attempt with international creditors for a bailout and to prevent a financial meltdown in the country.
700+ Migrants Killed in Shipwreck 'the Worst Mediterranean Massacre'
More than 700 migrants are feared to have drowned 'like rats in cages' on a smuggler boat because they were locked in the hold when it capsized off the Libyan and sank in the Mediterranean sea. The African migrants, who are thought to have included women and children, were crammed into a 66ft fishing boat when the tragedy happened near the Italian island of Lampedusa. The disaster struck in the early hours when refugees saw a ship coming to their rescue and rushed to one side of the boat, said the UN High Commission for Refugees.
Opposition Builds to UK Nuclear Project in EU Executive
A landmark deal to use British taxpayers' money to build a 16 billion pound ($25.6 billion) nuclear power station has triggered opposition from a quarter of EU policy-makers, who want to overturn approval from the top European regulator, EU sources said. The European Commission, the EU executive, said last month it would approve the British scheme involving French utility EDF , confirming a Reuters report. A copy of the draft decision seen by Reuters shows the Commission has accepted…
Scotland 'Yes' Vote Would Trigger Dispute Over Old Oil Rigs
Scotland will ask Britain to help finance the cost of removing old North Sea rigs and pipelines even if it votes for independence and gains most of the oil revenues, a move that bankers and lawyers say may result in years of legal battles. An independent Scotland would benefit from most of the new revenues from North Sea oil output - worth $50 billion a year - but it will nevertheless ask Britain to co-finance some $60 billion of decommissioning to remove old platforms and pipelines.
London International Shipping Week Set for 2015
The British Government has once again thrust its weight behind London International Shipping Week with an official visit to the LISW2015 stand at Posidonia in Greece by the British Ambassador in Athens followed by public shows of support at additional events by the head of the Maritime and Coastguard Agency Sir Alan Massey, and U.K. Shipping Minister Stephen Hammond MP. More than 70 guests gathered for an informal British drinks reception at Posidonia 2014 to mark the beginning of the countdown to London International Shipping Week (LISW) which is set to take place September 7-12, 2015.
Debris found in Atlantic search for missing UK sailors
The crew of a charter boat taking part in a search for four British sailors missing in the Atlantic Ocean has found some floating debris in the area where their yacht went missing six days ago, the captain said on Thursday. Patrick Michel, skipper of the Masili, said his crew had spotted a wooden plank that could be part of the cabin and some white foam or plastic in the northern part of the search area. He said the debris appeared new as it was free of barnacles but the owner of the missing yacht, the Cheeki Rafiki, would need to confirm that the debris was from the boat.
Solace Global Appoints Security Advisory Board
As part of its continued expansion, Solace Global, the world's most trusted provider of security in maritime, offshore and land-based environments, has announced the formation of a prominent security Advisory Board. The board will draw on its extensive experience and knowledge in global security, intelligence and risk management to help facilitate the company’s growth and further develop its expertise. Since its establishment in 2010, Solace Global has been safeguarding the maritime industry and its assets across the globe…
Marine Engineering of Importance to U.K. Economy
A recent report by the Royal Academy of Engineering on Science, Engineering and Technology (SET) occupations found that demand for graduate engineers is exceeding supply. Since then, there has been more focus by the British Government on the education of engineers and raising awareness of engineering career paths within the U.K. With engineering being essential to a number of sectors there is a huge variety of career options available. There are career options in sound, safety, transport, aeronautical, energy and marine to name a few. Looking at engineering as a whole, SEMTA predicts that U.K.
Bad Weather Prevents Salvage of Historic Battleship's Bell
An attempt by US philanthropist to recover the bell of the sunken Second World War British battle-cruiser HMS Hood postponed. After more than ten days working in the North Atlantic in worsening weather and difficult deep currents, the recovery team on board US philanthropist Paul Allen's yacht Octopus were reluctantly forced to discontinue the operation, but not before commemorative wreaths were laid where the ship sank. The bell was found in more than 2,800 metres of water in the Denmark Strait, where it has lain since Hood was sunk by the German warship Bismarck on 24 May 1941.
UK Security Firm Has Floating Base
The company offers a range of offshore security, transit security and risk management services. The company has its own floating logistical base in the Gulf, as well as villas where the men have downtime, and even, on one site, they give voluntary service at a local orphanage. Its agents are recruited from the Royal Marines and Special Boat Service, and they are given training in human rights, as well as corporate-social responsibility and general maritime training. “We’re bringing on new integrated services over the next year, and we’re enhancing our presence in the Gulf.