The Department of Transport announced the sixteen ports in England that will receive a multimillion-pound funding pot to boost their preparations for Brexit. The £10 million Port Infrastructure Resilience and Connectivity (PIRC) competition offers up to £1 million to each port.
Doug Bannister, the Chief Executive Officer of the Port of Dover stated that the port, through which a sixth of the U.K.’s trade in products is being transferred, will be able to deal with any disturbance experienced by a no-deal Brexit, accounting for predictions of chaos.
Maritime industry professionals remain confident about the year ahead despite wider uncertainty, a new Business Confidence survey by the British Ports Association reveals. However, ports themselves are more likely to be worried about the economy over the next 12 months.
Gibraltar has extended port facilities to be able to handle more ships carrying goods in case Britain leaves the EU without an agreement, the British territory’s maritime minister said on Friday. There have been concerns that Gibraltar’s open land border with Spain would be affected by Brexit.
During a visit to a ship in the Thames for London International Shipping Week the UK’s Prime Minister announced that he will bring the shipbuilding industry back to the UK, creating additional jobs in the British Shipping industry, and strengthen the Royal Navy.
UK Prime Minister Boris Johnson was pressured from the UK Parliament to publish the ‘Yellohammer contingency plan’ which presents the projected impact of a no-deal Brexit on the British economy and transport system.
In light of the approaching Brexit, the UK needs to follow some key characteristics of the Strong Ports to thrive post its exit from the EU, given that the global trade and the maritime sector face many challenges, as the UK Major Ports Group stated.
Adm. (USCG Ret) Thad William Allen notes that we are living in a digital age and therefore industry needs to tackle with new and emerging issues. Earlier this year leaders from the Hellenic and American shipping communities came together in Athens to discuss current issues and exchange views to promote safer, smarter, greener, optimized, innovative, and sustainable shipping.
A new report is calling on the UK Government to grant special economic status to airports and seaports, in order to stimulate international investment, reshore manufacturing and ultimately lower prices for consumers in a post-Brexit Britain.
UNCTAD issued a study concerning the alleged no-deal Brexit, highlighting that the UK as a member of the EU, participates in approximately 40 agreements along with market access to about 70 countries, which may stop having access to after the no-deal Brexit. The UNCTAD research notes that if these agreements are not concluded by exit day, it would cost the U.K. economy almost $2 billion in exports.
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