
Britain’s aluminium shipbuilder, The Wight Shipyard Co., has unveiled an all-share merger with the complementary French shipbuilder OCEA to create a combined group to capitalise on the fast ferry and offshore renewable energy markets opportunities.

The Isle of Man Ship Registry (IOMSR) is set to become the world’s first flag state to incentivise ship owners by offering a new green discount on registration fees for ships deploying green technology.