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Lack of clarity in Brexit could damage shipping

Lack of clarity in Brexit could damage shipping
Anne H. Steffensen

20-02-2018 14:00:00

Negotiations on Britain's departure from the EU are taking longer than hoped for. This stirs up uncertainty about the future relationship of trading between the continent and the UK. The Danish shipping organization Danske Rederier fear that shipping companies won’t get a chance to prepare for the upcoming changes, and it is rumored that the British are demanding protectionist measures.

"It is a shame that we lose UK in the EU. We hope we can maintain a good working relationship with the British. Therefore, it is important that we ensure smooth procedures and regulation when it comes to trading so that we avoid unemployment in the industry. This demands action now, "says Anne H. Steffensen, CEO of Danske Rederier.

Later today, Danske Rederier are meeting with several stakeholders from the Danish and British industry, including Brexit minister Robin Walker from the UK to debate the future of shipping after Brexit at a conference organized by Altinget.

The UK is the largest market in the EU for the Danish shipping companies. Five percent of the Danish exports go to the UK. That amounts to eight billion Danish kroner. It is therefore important that the EU ensures the best conditions for continued free trade through the preservation of as much of the Internal Market as possible as they negotiate Brexit.

Danish shipping companies believe that the goal should be avoiding initiatives that reduce competition and make trade with the EU difficult.

"The industry needs clarity, so that companies can adapt their business to the time following Brexit. It requires knowledge of and a clear message of what the British want. If the industry is not notified in due time, they do not have a chance to adapt after it comes into effect, "says Anne H. Steffensen.

Source: Danske Rederier / Maritime Denmark

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