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Stena, Stolt-Nielsen review their UK-registered ships

Sweden’s Stena and Bermuda-registered Stolt-Nielsen informed that they are reviewing their UK-registered ships ahead of Brexit. Such a development could complicate any attempts by the UK to secure extra space on ships to deal with potential disruption, in case of no-deal Brexit. As of January 30 2019, there were 1,306 vessels flying the British flag representing just over 16 million gross tonnage. This is less than 1,317 ships in 2017.

EU discusses sustainability by 2030 and Brexit preparedness

The Commission published on January 30 a Reflection Paper on a Sustainable Europe by 2030. The Paper forms part of the EU’s firm commitment to deliver on the United Nations Sustainable Development Goals, including on the Paris Agreement on Climate Change. Also, under the possibility of a no-deal Brexit scenario European Commission adopted a final set of contingency proposals.

iContainers: Trade war to continue affecting shipping in 2019

As 2018 has ended, Klaus Lysdal, Vice President of Operations, iContainers, speaks about the main challenges of the previous year and what we can expect for 2019. Klaus Lysdal said that the trade between the US and China affected the shipping industry significantly, something that is possible to happen again this year.

Shipping rates decrease due to economic slowdown

Freight rates for dry-bulk and container ships, carriers of most of the world’s raw materials and finished products, have experienced a decrease during the last six months, reflecting the that the global economy is slowing significantly. The measured transport costs for materials like iron ore and coal, have reduced by 47% since mid-2018, affected by the US-China trade dispute, according to Reuters.

No-Deal Brexit will affect all Britain, report says

According to the Confederation of British Industry (CBI), all parts of Britain will experience economic difficulties in case of a No-Deal Brexit. Namely, if the UK leaves the EU without a deal, then it will suffer an economic loss which may last until 2034. The CBI noted that the North East of England region would receive the hardest hit, as it would lose 10.5% of its real gross value added.

ICC urges UK to take the ‘no-deal Brexit’ scenario off discussions

The Secretary General of the world’s largest business organisation has warned that the possibility of UK to exit the European Union without a ‘Brexit deal’, not only will it bring various barriers to the international trade, but it will also result to many British loosing their jobs.

Port of Hamburg is prepared for Brexit

The port of Hamburg is prepared for a United Kingdom exit from the European Union, even should Brexit occur without any deal with the EU. For the time being, the rejection of an exit deal by the British House of Commons, on January 17, has no further repercussions on preparations in Hamburg for Brexit. 

UK business leaders fear of chaos as deal for Brexit was rejected

As UK’s Prime Minister’s, Theresa May, deal for Brexit was rejected by 230 votes, major businesses in Britain seem to be in loss and beyond warned as a no-deal Brexit seems closer. According to Reuters, businesses are afraid of crucial job losses and mayhem at ports whether the country does not see eye to eye with a European Union withdrawal.

BPA: Brexit vote brings ‘no-deal’ scenario closer

Providing its comment on the rejection of the Brexit plan, BPA said that the government must set out its alternative plans and prevent a disorderly withdrawal from the EU. Prime Minister Theresa May’s Brexit deal has been rejected by 230 votes. This is the largest defeat for a government in history.

Theresa May’s deal for Brexit rejected

Prime Minister Theresa May’s Brexit deal has been rejected by 230 votes. This is the largest defeat for a government in history. Namely, MPs voted by 432 votes to 202 to reject the deal, which describes how the UK willl exit from the EU on 29 March. The UK is still on course to leave EU on 29 March, but this defeat obscures how the exit will take place. 

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