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Displaying items by tag: Brexit Settlement

Operator P&O Ferries is seeking almost £33m in damages from the UK government over its handling of a challenge to ferry contracts under a no-deal Brexit.

The British-based shipping company, BBC reports, also wants courts to cancel the Department for Transport's settlement with Eurotunnel, and impose civil penalties.

In March, the DfT agreed to pay £33m to Eurotunnel, after the cross-channel operator sued for not being considered for a no-deal Brexit freight contract.

The DfT said it acted appropriately.

"This cross-government decision helped protect vital freight capacity for medical supplies to enter the country, in the event the UK left the EU without a deal," a spokesperson said.

As part of the agreement with Eurotunnel, the French company was mandated to spend £33m of taxpayers' money on improvements to the infrastructure of its terminal in Folkestone.

To read more including 'Mininum Disruption' at UK borders click here.

Published in Ferry

About Match Racing

A match race is a race between two competitors, going head-to-head.

In yacht racing, it is differentiated from a fleet race, which almost always involves three or more competitors competing against each other, and team racing where teams consisting of 2, 3 or 4 boats compete together in a team race, with their results being combined.

A match race consists of two identical boats racing against each other. With effective boat handling and clever use of wind and currents, a trailing boat can escape the grasp of the leader and pass. The leader uses blocking techniques to hold the other boat back. This one-on-one duel is a game of strategy and tactics.

About the World Match Racing Tour

Founded in 2000, the World Match Racing Tour (WMRT) promotes the sport of match racing around the world and is the longest running global professional series in the sport of sailing. The WMRT is awarded ‘Special Event’ status by the sport’s world governing body – World Sailing – and the winner of the WMRT each year is crowned World Sailing Match Racing World Champion. Previous champions include Sir Ben Ainslie (GBR), Taylor Canfield (USA), Peter Gilmour (AUS), Magnus Holmberg (SWE), Peter Holmberg (ISV), Adam Minoprio (NZL), Torvar Mirsky (AUS), Bertrand Pace (FRA), Jesper Radich (DEN), Phil Robertson (NZL) and Ian Williams (GBR). Since 2000, the World Match Racing Tour and its events have awarded over USD23million in prize money to sailors which has helped to contribute to the career pathway of many of today’s professional sailors