No Brexit Fear from DP World, Though Ports Aren’t The Problem — Panjiva


No Brexit Fear from DP World, Though Ports Aren’t The Problem

Brexit 68 Corp - Ports 661 Mode - Seaborne 1273 United Kingdom 194

The CEO of DP World, Sultan bin Sulayem, has indicated the company’s London Gateway port will not suffer “any congestion” in the event of a no-deal Brexit due to under-utilized capacity. The British ports system more broadly may have spare capacity after three quarters of declining volumes through Sept. 30. London Gateway, and Peel Hunt’s Liverpool, have seen rising volumes – by 4.8% and 18.5% year over year respectively in 3Q – as a result of diversions from Hutchison Ports’ Felixstowe due to IT problems. Yet, it’s more likely to be a matter of road/rail connectivity and HM ...

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