Chancellor’s ‘new age of industrialisation’ claim raises eyebrows in the City Politics Chancellor John Healey will make upgrades to the Royal Navy central to his flagship speech at the Labour Party conference on Tuesday as he promised a “new age of industrialisation’. The former defence secretary has indicated that shipbuilding will make a key part of Andy Burnham’s pledge to revive Britain’s industrial base across the country. [...]
London shipowner looks to wind to propel green transition Transport and infrastructure A London-based private shipowner is spearheading a drive to bring wind-powered shipping to the forefront of the UK’s bid to decarbonise. Union Maritime will take delivery of a 115,000-tonne oil tanker fitted with 120ft sails later this month. It is aiming to build a fleet of up to 34 wind-assisted ships, which would be the [...]
Harland & Wolff: Titanic shipbuilder calls in administrators Transport and infrastructure Historic Titanic shipbuilder Harland and Wolff has called in administrators and said it was preparing to cut jobs today after falling into insolvency for the second time in five years. The administration process is confined to the 162-year-old holding company while its subsidiary firms, including its prized Belfast shipyard, will continue to trade under the [...]