BREXIT

Daily Overview of Global Markets & the SEE Region (Monday, October 15, 2018)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: The Christian Social Union (CSU), the sister party of Chancellor Angela Merkel’s Christian Democratic Union (CDU) in Bavaria, suffered big losses in the elections of that state on Sunday 14 October. CSU defeat does not bode well with the CDU’s performance in the Hessian state election on 28 October and, according to some reports, a poor result could potentially lead Angela Merkel to reconsider staying in office as CDU leader and as...

http://www.allaboutshipping.co.uk/2018/10/15/daily-overview-of-global-markets-the-see-region-monday-october-15-2018/

A series of infographics highlights economic value of UK ports

The British Ports Association produced a series of infographics highlighting the importance of ports to the UK’s economy. The cards use recent UK Port Freight Statistics released by the Department for Transport, and an economic impact study data produced for sector umbrella group Maritime UK to highlight the value of the UK ports industry. The figures show that collectively the industry employs 101,000 people, handles almost 500m tonnes of freight and contributes £7.6bn to the economy.

Highlights

https://safety4sea.com/a-series-of-infographics-highlights-economic-value-of-uk-ports/

Brexit negotiations- The bumpy road to a withdrawal agreement (Friday, October 12, 2018)

The City of London

Global Economic & Market Outlook – Focus Notes (Friday, October 12, 2018)

Brexit negotiations- The bumpy road to a withdrawal agreement

Brexit negotiations- Where we currently stand

With just five and a half months before the planned Brexit date of 30 March 2019 and an agreement providing for the UK’s orderly exit from the European Union (EU) yet to be reached, EU/UK official talks on a withdrawal agreement in accordance with Article 50 of the EU Treaty, have gained pace. Not...

http://www.allaboutshipping.co.uk/2018/10/12/brexit-negotiations-the-bumpy-road-to-a-withdrawal-agreement-friday-october-12-2018/

Lack of progress on Brexit concerns ESC

The European Shippers’ Council is concerned about a lack of progress on Brexit negotiations and is supporting its member, the UK’s Freight Transport Association (FTA) in their call for EU and UK leaders to prioritize urgent mitigation measures.

Pauline Bastidon, head of European policy at FTA, commented: “In the event of No Deal – a scenario identified as a serious possibility by both sides – new agreements would be needed to allow trucks, planes and trains to cross the borders with the EU, keep...

http://container-news.com/lack-progress-brexit-concerns-esc/

Deal or No Deal – Dover is the solution

Port of Dover’s press release:

Britain’s ongoing reliance on Dover has been highlighted again with the cost of trying to divert traffic to other UK ports calculated to be around £2.5 billion.

Dover handles more international lorries than all other UK ports combined. Up to 110 miles of freight traffic pass through the port every day, taking advantage of the 120 ferry sailings a day on the shortest sea crossing to Europe.

With around half of the UK’s trade being with the European Union and with the...

http://container-news.com/deal-no-deal-dover-solution/

Brexit implications for maritime security

The Irish Department of Transport, Tourism, and Sport published a notice regarding European Commission’s Brexit Preparedness Notices, including one on the impact on maritime security.

Ahead of Brexit and the uncertainties that come with it, especially regarding the content of a possible withdrawal agreement, Ireland reminded operators of maritime transport services are reminded of the legal repercussions, which need to be considered when the UK leaves the EU.

Namely, as of the withdrawal date on...

https://safety4sea.com/brexit-implications-for-maritime-security/

Port of Hull expands container connections with Antwerp

British Port of Hull announced a new container service to connect the port with Antwerp, Belgium’s largest port. Global logistics company, Samskip, has opened up the twice-weekly route which will officially arrive at the Port of Hull for the first time on 14 October, with a vessel holding over 500 TEU containers.

Over the year, around 15,000 extra containers are expected to be handled at the Hull Container Terminal. This complements the existing Samskip short sea services, including Hull to...

https://safety4sea.com/port-of-hull-expands-container-connections-with-antwerp/

Port of Dover: Frictionless trade must be ensured after Brexit

The Port of Dover has been at the centre of contingency planning to minimise disruption in the event of a No-Deal Brexit. For this reason it has been working with the UK government to deliver a plan for lorry traffic to be pre-notified to customs so that vehicles do not need to be held at the port.

Up to 110 miles of freight traffic pass through the Port of Dover every day, while around half of the UK’s trade being with the European Union, delivering a frictionless solution when the UK leaves EU...

https://safety4sea.com/port-of-dover-frictionless-trade-must-be-ensured-after-brexit/

‘Good news’ from Whitehall generates anger in logistics sector, yet again

Two UK government pledges this week, purportedly in support of logistics, have left the industry both surprised and disappointed.
While there was some cheer for beleaguered hauliers, as Whitehall announced it had frozen increases on fuel duty again, the Freight Transport Association (FTA) argued that it was a missed opportunity.
“A 10p per litre cut would increase economic activity by nearly 1% in just one year, creating over a quarter of a million jobs,” …

The post ‘Good news’ from Whitehall...

https://theloadstar.co.uk/good-news-whitehall-generates-anger-logistics-industry/

Brexit unease and driver shortage saps confidence among UK logistics firms

More than 60% of logistics companies say business conditions have become more challenging in the past year.
The Moore Stephens/Barclays annual UK Logistics Confidence Index registered the biggest decline in confidence since 2015 – although overall, the index remains in positive territory, at 52.6 points.
The biggest concern is driver shortages, with one in five logistics operators saying they expect a decreased headcount in the next 12 months, as EU-native drivers leave and older drivers...

https://theloadstar.co.uk/brexit-unease-driver-shortage-saps-confidence-among-uk-logistics-firms/

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