UK to review anti-dumping measures on Chinese steel

The Trade Remedies Authority will decide whether duties are still needed to offset dumping of these imports in the UK

EU blocks Hyundai and Daewoo shipbuilding merger

The Commission found the merger between the two South Korean shipbuilders would reduce competition in the global market for the construction of large LNG carriers

EU proposes new approach for sustainable blue economy

All blue economy sectors, including fisheries, aquaculture, coastal tourism, maritime transport, port activities and shipbuilding, will have to reduce their environmental and climate impact

EU clears Saudi Aramco and Hyundai Heavy industries’ joint venture

The Commission said it would not raise any competition concerns because the joint venture will not be active in the European Economic Area

Michael Fallon appointed Minister for Portsmouth

Michael Fallon, who currently holds ministerial posts in both the business and energy departments, has been appointed Minister for Portsmouth. The newly-created role is designed to help the city in the aftermath of the loss of hundreds of jobs in the shipbuilding industry. Last year defence giant BAE Systems announced it would move Navy shipbuilding […]

Russian floating nuclear on track

The construction of Russia’s first floating nuclear power plant is progressing, with the two steam turbines now in place. According to World Nuclear News, the Baltiysky Zavod shipbuilding company completed installing the turbo-generators, each weighing 230 tonnes, on 3 August in Saint Petersburg. Four kilometres of power cable are to be installed by mid-August, the […]

Marine industry worth £3.7bn to UK economy

The UK’s marine industries contribute £3.7bn to the British economy each year, according to figures released today by the Marine Industries Leadership Council. Comprising more than 5,000 companies, the marine industries employ around 120,000 people across the UK and have a combined turnover of £10bn. Minister of State for Business and Enterprise Mark Prisk said: […]

Liverpool ready to reap windpower rewards

Liverpool is ready and able to become the UK west coast’s major wind power hub. A report by global consulting engineers Arup published yesterday reveals that port, manufacturing, warehousing and distribution assets are already in place to generate growth in renewable energy. Merseyside is in particular targeting Rounds 2 and 3 of the Irish Sea […]