British Ports Association responds to Odgers Berndston survey ‘Brexit, Business Leaders and Investment’. The survey focuses on UK’s preparedness for Brexit and in the possibility of a no-deal scenario. The British Ports Association has suggested ports and terminals are considering a range of potential outcomes. The uncertainty has made it difficult for ports to make firm investment decisions in potential solutions.
British ferry operator P&O will re-flag to Cyprus two of its UK ships operating on the English Channel route to France, in a bid to preserve the tonnage tax financing arrangements, ‘under which the ships should remain flagged in an EU member state’.
The UK government and the European Union must not reach a no-deal Brexit, as this would congest food supplies, making the foods rotting at ports, and throwing retailers out of business, the British Retail Consortium warned. The warning came before British Prime Minister Theresa May hosts ministers to reach agreement on how to advance with the Brexit talks.
UK’s Freight Transport Association raises concerns that Brexit will take place without problems. With three weeks to go until Brexit talks start in Brussels, FTA says that its confidence in Government’s ability to deliver a frictionless Brexit, that will ensure UK’s trading with the EU is collapsing fast.
The European Sea Ports Organisation released a position paper to submit to the negotiators, as Brexit has now entered the second phase. With this paper, ESPO calls on the Brexit negotiators to prioritise transport and more in particular maritime transport.
Shipping and logistics company DFDS has recorded a record result for 2017. The company reported an operating profit of DKK 2.7 billion, mainly due to the increase in volumes of the company’s ten freight routes across the North Sea. To meet with the increased volume growth that is expected to occur, DFDS ordered four mega ships.
The Free Ports concept has been much debated recently. This will not solve some of the immediate cross border challenges arising from Brexit but there are some ports such as Milford Haven, Teesport and others, where there could be interest. British Ports Association also outlined its vision for UK ports to be granted a special status, enabling development.
UK leaves the European Union; the first member to do so in the EU’s 59-year history. This may be the top trade story of 2017. Nine months later, under the Article 50, UK traverses a two-year negotiation period after which the treaties cease to apply. Will Brexit be just an inconvenience or a major drawback to maritime trade?
British Ports Association released an announcement outlining its key priorities for 2018. Amongst these, the focus turns on influencing the Brexit discussions, as well as the promotion of planning a freight policy reform.
The impacts of UK leaving the European Union could be crucial. The prospect of customs and bureaucratic environmental health checks at the border could possibly create congestion and delays, particularly for HGVs at Roll-on Roll-off ferry ports.
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