Brexit: Essex Marine Engine Firm Stocks up Amid ‘Uncertainty’
An engineering firm has stockpiled key components worth £2.5m due to “uncertainty” over Brexit. MAN Energy Solutions, which makes marine engines in Colchester, said the move was part of its “risk mitigation”. The company has also reviewed export arrangements and would use other ports if delays occur at Dover.
Richard Guest, Managing Director, said: “We don’t know what we don’t know. It is important we can cope with changes very quickly as they arise.”
MAN Energy Solutions is part of a Europe-wide group, worth €3bn (£2.58bn), which in turn is owned by Volkswagen. It manufactures engines, exporting mostly to Asia, the Middle East and South America. Only a small proportion of its products are sold in Europe, but 30% of its key components come from the EU.
Mr Guest said “uncertainty” over the UK’s departure from the EU was already forcing change in the supply chain, adding that British business needed stability to attract future investment. “What we want from the politicians is a successful Brexit that doesn’t disrupt trade flows,” he said.
Hill Dickinson Makes Strategic Appointments
Maritime law practice Hill Dickinson has appointed Master Mariner Kevin Austin as a legal director, Korean market specialist Beth Bradley as a partner, and transactional lawyer Sung Hwan Choi as a partner.
IMR Vessel Features Three Propulsion Systems
A new Inspection Maintenance Repair (IMR) vessel is equipped with three different Schottel propulsion systems to enable maximum manoeuvrability and a high free-running speed.
Built by Candies Shipbuilders and owned by its parent company Otto Candies, LLC, US-flagged Paul Candies features two Combi Drives, two transverse azimuth thrusters and one retractable rudder propeller.
Master Mariner Kevin Austin, currently a legal director with Norton Rose, is especially well- known in the London Hull Market.
He will join Hill Dickinson as a legal director in London, following a strategic rearrangement of the firm’s mariner team, which sees Joe Quain return from Singapore as a consultant in London as Ian MacLean heads out to join the team in Singapore.
Beth Bradley joins Hill Dickinson’s London offices from Clyde & Co as a partner. Well-known for her dedicated work on numerous high-profile disputes and litigations, Ms Bradley has a wealth of international maritime experience and a specific interest in the Korean market where she is extremely highly regarded.
Volkswagen had invested £4m in the Colchester plant over the last two years and overseas business had grown by 30% during that time, said Mr Guest.
He said that MAN Energy Solutions carried out a full risk analysis of possible Brexit scenarios.
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www.dockyard-mag.com April 2019
Sung Hwan Choi (known as SD Choi) joins as a partner in Hill Dickinson’s Singapore office. Currently Of Counsel with Norton Rose, Mr Choi is a well-known and highly recognised transactional lawyer who is dual qualified in England & Wales, the US and the Marshall Islands.
Due to two type SCD 560 STP SCHOTTEL Combi Drive azimuth thrusters, the 101.25 m long MT6020 Marin Teknikk design diesel-electric vessel can reach 14 knots in speed. The 2600kW SCD 560 STP features the SCHOTTEL twin propeller concept. By sharing the load between two propellers, this concept increases propulsion efficiency and reduces fuel consumption over single propeller systems. Additionally, two type STT 5 FP bow thrusters (each 1,050kW) and one 800kW type SRP 260 R FP retractable bow thruster ensure precise and high manoeuvrability in DP mode.
With the SCD L-Drive design principle, the electric motor is integrated vertically into the Rudderpropeller, resulting in a highly efficient variant of the SRP and STP propulsion units. The elimination of the upper gearbox means reduced mechanical losses, low noise and vibration levels, as well as fewer maintenance requirements. The SCD’s compact thruster offers approximately 20% space savings compared to Z-Drive installation.
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