Ahead of Brexit, ABP Increases Investment in Port of Hull

Monday, January 14, 2019

Port operator Associated British Ports (ABP) said on Monday it had boosted investments at its Port of Hull, bringing the total to 250 million pounds ($321.78 million) since the country's 2016 decision to leave the European Union.

ABP said it was working to support businesses that are anxious about a no-deal Brexit and the potential "severe disruption" that it may cause with the March 29 exit date ticking closer.

"We have already seen volumes begin to rise at our ports on the Humber as customers look for alternatives to Dover," said ABP, which has 21 ports across England, Scotland and Wales.

Prime Minister Theresa May's government has repeatedly warned that a no deal will lead to severe economic disruption, with the transport ministry testing the road network to Dover, Europe's busiest ferry port.

Reporting by Muvija M

Categories: Contracts Legal Ports Intermodal Government Fiance

Related Stories

Delayed Wheat Shipments at Egyptian Port Cleared to Unload

Unifeeder, Sagarmala Finance Corporation Limited to Advance Sustainable Coastal Shipping in India

Maritime Fees Spiral Deepens as US, China Trade Blows

Current News

Liebherr USA Appoints New Divisional Director

Port Houston Surpasses Three Million TEUs

Trump, Xi Pause Port Fees on Each Other's Vessels

US Grants India Sanctions Waiver to run Iranian Port

Subscribe for Maritime Logistics Professional E‑News