Latest news from Heavy Lift & Project Forwarding International Magazine

Public/private plan to grow UK offshore wind

August 7 - The UK government and business have come together to publish a long-term plan that aims to strengthen the UK's position in the offshore wind industry - The Offshore Wind Industrial Strategy.

The multi-million pound investment has the potential to unlock GBP7 billion (USD10.74 billion) in the economy by 2020, says the UK government.
Investments by the government will include GBP20 million (USD30.67 million) from the Regional Growth Fund to improve the UK wind industry's supply chain. GBP46 million (USD72.08 million) has been earmarked to join-up innovation between industry, government and academia and to help companies to bring new products to market.
Also on the horizon is a new Offshore Investment Organisation, established by UK Trade and Investment, tasked with attracting foreign direct investment to the UK.
Developers of offshore wind farms above a certain size will need to produce a supply chain plan before they can apply for a Contract for Difference - long-term contracts to provide stable revenues for investors in low carbon energy projects - setting out how the project and procurement approaches will encourage a wider, more diverse supply chain and support innovation and skills.
The Green Investment Bank will also invest a significant proportion of its GBP3.8 billion (USD5.83 billion) budget in offshore wind and associated industry partners.

Deputy Prime Minister Nick Clegg said: "The race is now on to lead the world in clean, green energy. As an island nation, and with our weather, the UK is ideally placed to make the most of offshore wind energy - you could say it was a technology designed for us.

"This strategy will help keep Britain as the world leader in one of the most important industries of the 21st Century. If we make the most of offshore wind's potential in the UK, it can provide a big proportion of the energy that lights our homes and powers our economy."


Heavy Lift | News

Meyer steps down from Zeaborn thumbnail image

Meyer steps down from Zeaborn

July 18 - Ove Meyer, co-founder of Zeaborn has resigned as managing director, including his role at Zeamarine.
Views: 268
Bishop takes AWRS thumbnail image

Bishop takes AWRS

July 18 - Bishop Lifting Products has completed the acquisition of American Wire Rope & Sling (AWRS), a leading provider of rigging, lifting and overhead crane solutions.
Views: 239
CITB readies for Alaska’s ice-free season thumbnail image

CITB readies for Alaska’s ice-free season

July 18 - Cook Inlet Tug & Barge (CITB), a subsidiary of Foss Maritime Company, has announced that the 2019 ice-free season on Alaska’s North Slope are under way.
Views: 198
Sutton steps up at Crowley thumbnail image

Sutton steps up at Crowley

July 18 - Crowley Maritime has appointed Peter Sutton as vice president of operations integrity and health, safety, security and environment (HSSE) for its shipping business unit.
Views: 228

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.