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Displaying items by tag: 'Freeport' Status

In the UK numerous ports, port groups and ports and logistics consortia appear to have applied for freeport status by last Friday’s deadline set for England by the UK government.

This according to LloydsLoadingList, was to enable applicants seek to attract the associated benefits including investment funding, customs free zone flexibility, and other tax incentives.

The expectation is that as many as 40 ports, port clusters and even airports may have submitted proposals, including some of the biggest names in the UK ports sector, including Dover, Southampton, Felixstowe/Harwich, London Gateway/Tilbury, Hull, Port of Tyne, Teesport, Bristol, Milford Haven and Grangemouth.

The benefits for those that are successful in their bids to gain freeport status include favourable customs duties and processing, suspension of VAT, business rates relief, zero national insurance contributions, enhanced capital allowances, simplified planning and development rules and stamp duty reliefs, Lloyd’s List highlights.

Various ports groups have confirmed they have submitted applications, including a joint application by London Gateway, Tilbury and Ford Dagenham, where the carmaker has an engine plant. The FT reports that at least two UK airports, East Midlands, and Bournemouth International – which has teamed up with nearby port of Poole — may also have bid.

Although Brexit supporters have long championed freeports as a benefit of leaving the EU, critics have pointed out that the UK had several freeports while it was within the EU and had eliminated them in 2012 under a previous Conservative-led coalition government. Others have argued that EU membership provided all of the benefits of freeports and much more, which was why they fell out of favour in the UK.

For much more including Post-Brexit customs and trading complications click this link.

Published in Ports & Shipping

Ferry & Car Ferry News The ferry industry on the Irish Sea, is just like any other sector of the shipping industry, in that it is made up of a myriad of ship operators, owners, managers, charterers all contributing to providing a network of routes carried out by a variety of ships designed for different albeit similar purposes.

All this ferry activity involves conventional ferry tonnage, 'ro-pax', where the vessel's primary design is to carry more freight capacity rather than passengers. This is in some cases though, is in complete variance to the fast ferry craft where they carry many more passengers and charging a premium.

In reporting the ferry scene, we examine the constantly changing trends of this sector, as rival ferry operators are competing in an intensive environment, battling out for market share following the fallout of the economic crisis. All this has consequences some immediately felt, while at times, the effects can be drawn out over time, leading to the expense of others, through reduced competition or takeover or even face complete removal from the marketplace, as witnessed in recent years.

Arising from these challenging times, there are of course winners and losers, as exemplified in the trend to run high-speed ferry craft only during the peak-season summer months and on shorter distance routes. In addition, where fastcraft had once dominated the ferry scene, during the heady days from the mid-90's onwards, they have been replaced by recent newcomers in the form of the 'fast ferry' and with increased levels of luxury, yet seeming to form as a cost-effective alternative.

Irish Sea Ferry Routes

Irrespective of the type of vessel deployed on Irish Sea routes (between 2-9 hours), it is the ferry companies that keep the wheels of industry moving as freight vehicles literally (roll-on and roll-off) ships coupled with motoring tourists and the humble 'foot' passenger transported 363 days a year.

As such the exclusive freight-only operators provide important trading routes between Ireland and the UK, where the freight haulage customer is 'king' to generating year-round revenue to the ferry operator. However, custom built tonnage entering service in recent years has exceeded the level of capacity of the Irish Sea in certain quarters of the freight market.

A prime example of the necessity for trade in which we consumers often expect daily, though arguably question how it reached our shores, is the delivery of just in time perishable products to fill our supermarket shelves.

A visual manifestation of this is the arrival every morning and evening into our main ports, where a combination of ferries, ro-pax vessels and fast-craft all descend at the same time. In essence this a marine version to our road-based rush hour traffic going in and out along the commuter belts.

Across the Celtic Sea, the ferry scene coverage is also about those overnight direct ferry routes from Ireland connecting the north-western French ports in Brittany and Normandy.

Due to the seasonality of these routes to Europe, the ferry scene may be in the majority running between February to November, however by no means does this lessen operator competition.

Noting there have been plans over the years to run a direct Irish –Iberian ferry service, which would open up existing and develop new freight markets. Should a direct service open, it would bring new opportunities also for holidaymakers, where Spain is the most visited country in the EU visited by Irish holidaymakers ... heading for the sun!