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Displaying items by tag: StoltNeilsen

#ferries - Ferry giant, Stena based in Sweden and tanker firm Stolt-Nielsen which is Bermuda registered, are reviewing their UK-registered ships ahead of Britain’s departure from the EU, the two leading transport companies told Reuters separately on Wednesday (yesterday).

Such commercial decisions could complicate any attempts by the British government to secure extra space on ships to help cope with potential disruption to trade if it fails to secure a negotiated departure from the EU.

And any possible loss of ships will also be a blow to the UK’s ship registry, which forms part of the country’s maritime services industry. Shipping companies in many flag states pay corporation tax based on vessel tonnage rather than profit.

“In the light of the Brexit process we are considering whether the UK flag can become a possible issue for us when it no longer will be an EU flag post the 29th March 2019, but we have taken no decisions and are reviewing different scenarios,” said Ian Hampton, chief people & communications officer with Stena Line.

“Our fleet needs to be as flexible as possible.”

All commercial ships have to be registered, or flagged with a country, partly to comply with safety and environmental laws.

Stena Line is one of Europe’s largest ferry operators with a large part of the business concentrated around the UK.

For further reading about Stolt-Nielsen click here in addition British based operator P&O Ferries which announced last month it would shift the registration of its UK vessels to Cyprus ahead of Brexit.

 

Published in Ferry

Coastal Notes Coastal Notes covers a broad spectrum of stories, events and developments in which some can be quirky and local in nature, while other stories are of national importance and are on-going, but whatever they are about, they need to be told.

Stories can be diverse and they can be influential, albeit some are more subtle than others in nature, while other events can be immediately felt. No more so felt, is firstly to those living along the coastal rim and rural isolated communities. Here the impact poses is increased to those directly linked with the sea, where daily lives are made from earning an income ashore and within coastal waters.

The topics in Coastal Notes can also be about the rare finding of sea-life creatures, a historic shipwreck lost to the passage of time and which has yet many a secret to tell. A trawler's net caught hauling more than fish but cannon balls dating to the Napoleonic era.

Also focusing the attention of Coastal Notes, are the maritime museums which are of national importance to maintaining access and knowledge of historical exhibits for future generations.

Equally to keep an eye on the present day, with activities of existing and planned projects in the pipeline from the wind and wave renewables sector and those of the energy exploration industry.

In addition Coastal Notes has many more angles to cover, be it the weekend boat leisure user taking a sedate cruise off a long straight beach on the coast beach and making a friend with a feathered companion along the way.

In complete contrast is to those who harvest the sea, using small boats based in harbours where infrastructure and safety poses an issue, before they set off to ply their trade at the foot of our highest sea cliffs along the rugged wild western seaboard.

It's all there, as Coastal Notes tells the stories that are arguably as varied to the environment from which they came from and indeed which shape people's interaction with the surrounding environment that is the natural world and our relationship with the sea.