- About us
- IBJ Awards
- Free Sample
- Contact us
Half UK ports feel Brexit wont affect them
(Posted on 24/09/19)
Maritime industry professionals in the UK remain confident about the year ahead despite wider uncertainty, according to new data published by the British Ports Association today. Ports themselves are more likely to be worried about the economy over the next 12 months, however.
Confidence: Less than a third (29%) of ports feel confident about the economy in the next year, but 51% of the wider maritime industry feels confident. 83% of ports were planning investments into new business services, property or infrastructure in the next three months.
Brexit: The survey reveals that half of ports do not feel that Brexit will affect them (either negatively or positively) in the next year, whilst a third feel it will impact them negatively. This can be attributed to the structure of the industry (i.e. some ports will handle more non-EU trade, for example)
Employment: On the back of new figures last week showing that the ports industry directly employs 115,000 people, one third of ports that responded reported that they would be hiring additional staff in the next 12 months.
Revenue: 45% of ports that responded said that their revenue had gone up in the last 12 months, 26% said it was stable and 29% said it had dropped.
Top concerns: The economy was cited as the top concern by ports, closely followed by Brexit (which may be related). Environment/Climate Change (including regulation) was in third place. Maritime industry professionals cited Brexit, Environment/Climate Change (including regulation), and the economy as their top three concerns in that order.
Key takeaways for the British Ports Association:
- UK Ports policy is working and delivering a thriving and competitive independent sector. 83% are planning investment in new services or infrastructure and a third of ports surveyed are planning to hire new, additional, staff in the next year.
- Despite continuing political and economic uncertainty clouding the horizon, the majority of ports are confident about their business over the next year
- Two-thirds of port professionals are concerned about the economic outlook and a similar number are concerned about the impact of Brexit (which may be related). This is good news for the economy as jobs in the ports industry are 55% more productive than average
Commenting on the results, Phoebe Warneford-Thomson, Political and Economic Analyst at the British Ports Association said: 2The results of the BPA Business Confidence Survey reveal that ports are strong, resilient and performing well under the current economic climate.”
With nearly 69 million tons of seaborne cargo transhipped in 2021, North Sea Port grew 9% compared to... Read more
Solid bulk increased by 11% at the port of Dunkirk to reach 20.1 MT in 2021. Ore, which rose sharply... Read more
Flying the Japanese flag, the M/V Frontier Harvest arriving from ?skenderun, Turkey, was the first ship... Read more
The Federal Saint-Laurent is the first vessel to call the Port of Trois-Rivières in 2022. It... Read more
The port of Bilbao has become a member of the EcoPorts network, the main environmental initiative of... Read more
AD Ports Group, a leading facilitator of trade and logistics, has strengthened its regional footprint... Read more
The Pilbara Ports Authority in Australia has delivered a total monthly throughput of 59.9 million tonnes... Read more
Major building works at the UK’s largest grain terminal at the Port of Tilbury have reached a... Read more
Canadian Pacific Railway Limited and Kansas City Southern have received the required regulatory pre-... Read more
Amid the current shortage of nitrogen fertiliser, ABP's Port of Ipswich is bucking the trend and seeing... Read more