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Tuesday, March 26, 2019

Maritime Logistics Professional

January 14, 2019

Ahead of Brexit, ABP Increases Investment in Port of Hull

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

Associated British PortsEuropeEuropean Union