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Security firms pulling British guards from the Gulf

The detainment of a UK-flagged tanker vessel close to the Strait of Hormuz now makes security firms pull their British employees from ships in the area. "We are advising our clients do the same," co-founder of major security firm tells Financial Times.

UK sends another navy vessel to Hormuz

Yet another British Navy warship has arrived at the Strait of Hormuz to guard the country's merchant fleet in the region following Iran's detention of a UK-flagged Stena vessel a few weeks back.

Khamenei warns UK's seizure of Iran tanker will not go unanswered

Following the UK's seizure of an Iranian supertanker at the Strait of Gibraltar due to suspicion of its oil cargo having been bound for a Syrian refinery, Supreme Leader Ayatollah Ali Khamenei vows to retaliate to the UK's vessel seizure, which Khamenei calls "piracy".

UK tightens climate target in new maritime plan

By 2050, the UK shipping sector must be emission-free, and starting 2025, new ships built for UK waters should be able to sail without emitting any GHG, according to a climate action plan set forth by the British government. Subsidies are also on the table.

Logistics companies struggle with Brexit expenses

Sliding profit margins pose difficulties for logistics companies in paying for Brexit preparations, concludes a new report from the UK's Freight Transport Association. 37 percent of companies participating in the survey have not yet taken steps to prepare.

UK wants to be center of maritime innovation

The UK government has published a comprehensive report on its maritime strategy for the UK ahead to 2050. Taking inspiration from Denmark, the country aims to become an innovation hub.

Softer Brexit rhetorics but no resolution in sight

The EU's chief negotiator Michel Barnier reached out to his British counterparts Tuesday in an attempt to find out how to set up the Irish border after Brexit. But the two parties still insist on different solutions.

Hitec Vision to invest huge sums in North Sea oil

Equity fund Hitec Vision plans to spend more than a billion dollars acquiring oil fields in the British part of the North Sea. Massive cost reductions have made the market attractive, says the investment director.

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