Freight forwarder DB Schenker is yet again transporting goods from the EU to the UK after customs difficulties led the company to temporarily halt its service. Meanwhile, DHL suspends some of its freight modes in the other direction due to challenges.
Towage operator Svitzer faces an unpredictable year in which both the vaccine and Brexit could upend the entire business. Nevertheless, there are still factors that could trigger greater demand, says new managing director of Europe, Lise Demant.
Ahead of Brexit, shipowners and offshore companies in the EU feared that Great Britain would use its independence to create "Europe's Singapore" with low taxes. Now Danish Shipping calls off this worry.
Ferry operators DFDS and Stena Line both feel the new restrictions imposed as a result of a British Covid-19 mutation that is more contagious. The Netherlands, France and Ireland have closed for UK passengers.
European Commission President, Ursula von der Leyen, briefed the EU's heads of state and government about the status of negotiations with the UK Friday morning, and things do not look encouraging for businesses.
Stena Line now urges the EU and UK to make use of a new implementation phase once the current transition phase expires. The carrier does not think the customs authorities will be ready from the turn of the year. Johnson and von der Leyen have set Sunday as a deadline for reaching agreement.
Four ferry operators, including DFDS and Stena, bag part of new Brexit contracts from the British government. The contracts total more than GBP 70 million and will help ensure freight to and from Great Britain.
DFDS will be pressured by Brexit for a large part of 2020, assesses CEO Torben Carlsen in an interview with ShippingWatch. The last six months of 2019 were especially tough on the shipping company, but despite an expectation for lowered growth in 2020, he does not fear for the ambitious growth strategy.
DFDS expects revenue growth to be 4 percent in 2020 due to Brexit. In 2019, growth landed at 6 percent but dropped all the way to 1 percent in the fourth quarter, shows the shipping company's annual report.
DFDS' growth target has been cut in half since Niels Smedegaard resigned as CEO. But his replacement, Torben Carlsen, thinks improvement might occur next year in the company's two most important markets. The company's stock price increased 7.4 percent Tuesday.
Today, negotiators from the UK reached and agreement with officials in Brussels, which could pave the way for an Oct. 31 Brexit. But Northern Ireland's Democratic Unionist Party said it still can't support the deal.
The UK government has awarded a series of new Brexit contracts that will ensure freight of medicine to the UK after Brexit. DFDS and Stena Line are among the ferry operators which have secured some of the contracts, which are worth several million pounds.
Just a few days ago, Prime Minister Boris Johnson said that the UK would leave the EU on Oct. 31 no matter what. Now, the BBC reports that the government is prepared to ask for yet another extension if a deal is not reached by Oct. 19.
UK Prime Minister Boris Johnson presents the latest Brexit divorce settlement proposal to both the EU Commission and the House of Commons today, Thursday. The question of an Irish border continues to be a central contentious issue, with new lines being drawn along the Irish Sea. Even so, Downing Street has softened its rhetoric from the recent "final offer" stance to a broader, negotiable platform.