there are a range of problems here but the plain fact is that our useless management structure can't do the job, in large part because they are locked into providing unrealistic returns for our parastical banking structure.
One thing I learnt a long time ago, is that if you walk on a project and see an Brit with a suit that cost more than my car ( not hard, I know ) and an education that cost more than my house, the job is f*cked. Before the Celtic fringe start getting snarky, I'll mention that English, Scottish, Welsh, it makes no difference, in fact of anything the Scots are the worst of the lot.
BMW build Minis in Oxford at a profit, Tata build Jags in Coventry. The Dutch spend nearly 3 billion Euro ( yes, billion ) on their offshore construction fleet in recent years, and they are working world-wide - with a lot of British personnel; Tideway recruited pretty much the whole graduating class of hydrographic surveyors from Plymouth a year or two ago ) and we haven't spent a bent ha'penny.
The Italians have just finished building a pipeline for the Russians with a budget bigger than the Channel Tunnel and made money on it, they have the profit-sharing deals that BP are runnin round in circles after and again, it's because they have the hardware, they have the people and BP have neither, they just want to do a deal...
Nearer home, Seacore was started by two CSM graduates in Gweek harbour a few years ago, they have now sold out to Fugro and have a fleet of vessels working, none of them British.... it can be done.
''the stopes soared beyond the range of our caplamps' - David Bick...... How times change .... oh, I don't know, I've still got a lamp like that.