Brexit Uncertainty Driving Shipowners to Ditch UK Flag

By Alexander Whiteman (The Loadstar) - Uncertainty around Brexit may be making its mark, but the loss of vessels this year from the UK Ship Register may also be due to the requirement for vessel operators to comply with EU maritime regulations. According to figures from VesselsValue.com (VV) obtained by The Loadstar, 234 vessels have reflagged from the UK since the start of … [Read more...]

Shipping Firms Drop British Flag as Brexit Risks Loom

By Jonathan Saul LONDON, July 2 (Reuters) - Companies are leaving Britain's shipping registry due to uncertainty over Britain's departure from the European Union and future commercial arrangements with the bloc, industry officials say. All commercial ships have to be registered, or flagged, with a particular country partly to comply with safety and environmental regulations. … [Read more...]

P&O Sues U.K. Over No-Deal Brexit Settlement With Eurotunnel

By Jonathan Browning (Bloomberg) -- P&O Ferries Ltd. sued the British government over its handling of no-deal Brexit preparations, saying that a 33 million-pound ($42 million) settlement with a rival failed to treat all the companies equally. The ferry firm said the U.K.’s last-minute deal with the owners of the Channel Tunnel was “irrational” and signed “for improper … [Read more...]

U.K. Government Cancels Ferry Contracts for No-Deal Brexit

By Tim Ross, Jessica Shankleman and Lucca de Paoli (Bloomberg) -- The U.K. government canceled contracts for additional shipping in the event of a no-deal Brexit, a move likely to increase pressure on Prime Minister Theresa May over her strategy for leaving the European Union. The ferry contracts were meant to guard against shortages of key items like medicines and … [Read more...]

Danish Fishing Communities Fear Brexit Could Sink Them

By Andreas Mortensen COPENHAGEN, April 30 (Reuters) - In the small fishing town of Thyboron on the northwestern coast of Denmark, many fishermen worry the British waters they have become increasingly dependent on will be out of reach when Britain leaves the European Union. Poul Erik Rom, 35, and his father Ejvind, 65, are from a long line of fishermen. Each year they … [Read more...]