A new report commissioned by Maritime UK and the Centre for Economics and Business Research (CEBR), shows that the maritime sector is worth almost US$57 billion to the UK economy, making it larger than many other comparable transportation industries, including rail and aerospace.
Nusrat Ghani MP, the UK’s Maritime Minister, has emphasized the importance of shipping to the British economy, describing it as the “lifeblood of global trade” ahead of the launch of London International Shipping Week.
The UK Government has pledged USD $37 million of investment to bolster ports for Brexit The Department of Transport, as part of the Port Infrastructure Resilience and Connectivity (PIRC) competition, is calling on ports across England to bid for a share of $37 million to assist deliver upgrades that will boost ability and keep trade […]
The Port Of Cork in Ireland has announced it intention to boost customs services to prepare for a no deal Brexit.
Peel Ports Group, one of the UK’s leading port operators, has been accredited with the quality mark of Authorised Economic Operator (AEO) by Her Majesty’s Revenue and Customers HMRC. The port operator said that achieving the AEO status was a “significant milestone” especially on the path towards Brexit.
The UK Government has announced that it will invest USD $11 million dollar to get ports and local areas ready for Brexit.
The UK Government will create up to ten freeports to boost trade and manufacturing after the country’s departure from the EU on October 31, according to plans quoted in Reuters.. The freeports, also known as free trade zones, are also expected to cut costs and bureaucracy and will allow firms to import and re-export goods outside of normal tax and customs regulation.