The UK needs a Brexit deal, not chartered in ships, says the UK Chamber of Shipping after reports that Britain is looking at chartering ships to ferry in critical food and medicines in the event of a "no-deal" Brexit next March. “It is not clear how Government chartering ships would really help," said UK Chamber of Shipping CEO Bob Sanguinetti. "I don’t see … [Read more...]
‘No Deal’ Brexit Would Mean Costly Border Disruption -UK Spending Watchdog
By Kylie MacLellan LONDON, Oct 24 (Reuters) - Companies will suffer and criminals could benefit from the inevitable border disruption that will ensue if Britain leaves the European Union without a deal, the country's public spending watchdog said on Wednesday. With just five months to go to Brexit, Prime Minister Theresa May has yet to reach a deal with Brussels and both … [Read more...]
Europe’s Biggest Port Says Companies Aren’t Doing Enough for Brexit
By Ellen Proper (Bloomberg) -- The Port of Rotterdam, Europe’s biggest shipping port, warned companies on both sides of the Channel that they aren’t doing enough to prepare for Britain’s exit from the European Union, as it plans a test of its facilities to make sure it’s ready for the worst. “If the companies don’t prepare, then we will be in deep trouble,” Mark Dijk, the … [Read more...]
UK To Spend $100+ Million to Explore GPS/Galileo Alternative
Image of an EU Galileo gnss global positioning satellite. Britain may be denied full access to the EU's Galileo satellite navigation system on security grounds after Brexit and this may cost UK firms billions of pounds, hundreds of jobs and create national security problems for the nation. In light of this the British government announced that it will spend over $100 million … [Read more...]
Ship Insurer UK P&I Club Opts for Rotterdam as Hub Due to Brexit
By Jonathan Saul LONDON, Aug 6 (Reuters) - British ship insurer UK P&I Club is in the process of setting up a subsidiary in the Dutch port city of Rotterdam to ensure continued access to trade in the European Union in case Britain loses single market access, its chief executive said. Britain dominates the global marine insurance market and losing access to … [Read more...]