Like the rest of the economy the Coronavirus has had a big impact on the UK ports sector. It continues to do so and will create a ‘new normal’.
We’ve produced a blog of what we’ve seen so far, plus what we think the immediate and longer terms implications could be. Some key points
- The UK ports sector has risen magnificently to the challenges of the COVID19 crisis with a tremendous response by ports all across the sector, their operators and their staff.
- Ports have remained open and appropriately distanced so that we’ve been able to maintain our role as the main gateways for the UK with the world for trade
- Our challenges are not just our own – we face ‘liquidity contagion’ from other businesses
- The challenges are far from over – business will be significantly down through Q2 and into some of Q3
- The immediate post crisis investment landscape will be tough and that will require action from industry and Government
- There are still major public health challenges to be met but its possible to see how the accelerated evolution of the current period will shape the ‘new normal’
Happy to discuss any points of interest to you in the blog (see http://ukmajorports.org.uk/blog-a-robust-and-resilient-sector-to-be-proud-of-a-ports-perspective-on-the-covid19-crisis/).
The UK Major Ports Group
Tim Morris – Chief Executive
+44 (0) 07387 091 407
Representing the gateways for 75% of the UK’s seaborne trade
30 Park Street