Marine

Marine News – Late June 2023

The world’s largest hybrid and double-ended ferry has begun crossings in the English Channel in a step towards greener travel at sea. P&O’s Pioneer ferry entered service for the Dover to Calais route on Monday. It is expected to reduce carbon emissions by 40%, company bosses have said. One P&O director described this as a […]

Marine News – Late February 2023

Plymouth based Princess Yachts is being taken over by a major American private equity firm. New York based  KPS Capital Partners say the multi-million pound deal will take the business to the next level. Princess Yachts is one of Devon’s largest employers and it sells its super yachts to clients across the world. https://www.thebusinessdesk.com/south-west/news/1472-us-private-equity-firm-takes-over-at-princess-yachts

Marine News – Early February 2023

A multi-million-pound Zero Emission Vessels and Infrastructure (ZEVI) competition launched to help decarbonise the UK’s maritime sector. Zero-emission ferries, cruises and cargo ships will set sail in UK waters within 2 years, creating thousands of new jobs, thanks to a £77 million government investment in clean maritime technology. This is the first time in UK […]

Marine News, June 2020

A £26.7 million contract has been awarded to supply and maintain outboard and inboard motors fitted to the MOD’s small boats fleet. Oxfordshire-based EP Barrus secured the seven-year contract for the upkeep, update and supply of engines fitted to more than 1,100 craft. The contract covers boats within the current MOD in-service fleet for craft […]

Marine News, February 2018

Rolls-Royce will consider selling its lossmaking commercial marine business as chief Warren East launches a new round of cost-cutting in a bid to accelerate his of cost-cutting in a bid to accelerate his shake-up of the blue-chip engineering business.  Mr East is said to be looking at the strategic options for the marine business as […]

Marine News, January 2018

The UK’s boat and yacht industry has seen revenues surge to their highest level since the financial crisis after the weaker pound helped drive up sales.   Sales rose by 3.4% to £3.1bn in the year to April 2017, according to a report by lobby group British Marine. It said that the depreciation of the […]

Marine News – July 2017

BAE Systems has been awarded a £457,000 grant from The Solent Local Enterprise Partnership to design and deliver the UK’s first dedicated autonomous systems testing service. Based around Portsmouth, Southampton and the South East of the Isle of Wight, BAE Systems will be working with partners including ASV Global, Blue Bear Systems Research, Marine Electronic […]

Marine News – January 2016

Two Russian investors have bought the motor yacht builder Fairline out of administration for £4.5m in a deal that will keep production in the UK. Officially, Fairline was sold to Fairline Acquisitions, but people familiar with the sale said the company is controlled by Alexander Volov and Igor Glyanenko, based in the UK. They plan […]