Report: UK Ports Could Benefit from Brexit

Ports in Britain could gain advantage over ports in the European Union due to Brexit by dodging the EU’s proposed Ports Services Regulation, Reuters has cited leading UK port operators as saying.

The decision to leave the European Union could be beneficial for British terminals which would be otherwise ‘unfairly’ affected by the new regulation because most of them are privately funded and do not receive any subsidy from local authorities.

Mark Whitworth, chief executive of Peel Ports, told Reuters that Brexit allowed British port operators to have ”a level playing field and no interference from government.”

The EU rules encompass port services such as piloting but include port charges and exemptions for state aid as well, making it more expensive for British operators and influencing their ability to control prices.

“Brexit does offer us the opportunity to say goodbye to a whole range of inappropriate and costly regulations,” James Cooper, chief executive of leading British operator Associated British Ports (ABP), was quoted by Reuters as saying.

43 ports in Britain out of 319 in total would be affected by the EU regulations.

Peel Ports and Associated British Ports (ABP) – both privately owned groups – intend to press on with their investment programs despite the country’s exit from the EU.

Peel Ports has invested more than GBP 300 million (USD 393 million) in Liverpool’s deepwater container terminal, which is expected to be opened in October this year.

ABP also plans to make investments worth GBP 1 billion over the next four to five years.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >