Brexit has opened the floodgates for the UK Ship Register (UKSR) – in the wrong direction. At the beginning of the year, the UK-flagged fleet stood at around 16.5m gt. Today, it stands at 10.9m gt.
With the Inventory of Hazardous Materials (IHM) for ship recycling to become compulsory for vessels calling at European ports IMarEST has warned of a “quagmire of upheaval” for the shipping industry.
A series of meetings in recent days between European Commissioner for Transport, Violeta Bulc, and leaders of the Greek shipping community appear to have got Commissioner Bulc on side when it comes to regulating the maritime industry.
As the UK’s Brexit process plunges into deep uncertainty P&I insurers are choosing different methods to ensure smooth trading in the event of the country leaving the EU.
Prepared or not prepared? That’s quite a question. According to a survey on preparedness for Brexit by Odgers Berndtson, only 16% of about 100 UK ports and harbour authorities have made any ‘significant or practical’ plans for Brexit, but 59% expect a negative or strongly negative impact.
Following the heavy defeat in the British parliament for the Prime Minister Teresa May’s Brexit deal the British Ports Association (BPA) has urged the government to do “whatever is necessary to avoid a disorderly withdrawal from the EU”.
Greece’s shortsea shipowners went to Brussels this month and called on Euro MPs to throw their weight behind Europe’s shortsea shipping sector as it faces challenges posed by the new regulatory environment.
The London P&I Club is setting up a new subsidiary in Cyprus to ensure continued access to trade in the European Union in case Britain loses single market access due to Brexit.
The Shipping Ministers of Greece, Cyprus and Malta have called on the European Union to cut red tape holding back growth in the sector, which they say provides 2.1m jobs and $168bn to Europe’s economy.
After some months of rumblings, the European Union and Italian authorities have opened an investigation into suspected wide-scale tax fraud by Chinese criminal gangs importing goods via Piraeus, a trade gateway between Asia and Europe.