UK ports in the worst years since 1983

UK ports are in their worst years since 1983 when oil prices fell in the North Sea and Brexit severely disrupted cargo.

Cargo stocks in the country are expected to hit about 408m tons this year, down 13.5 percent in 2019, according to a survey by Drewry Maritime Advisors commissioned by UK Major Ports Group.

Demand for consumer goods by other groups such as construction returned immediately after the first shutdown in 2020, which included global turmoil sales chains has caused further disruption to UK ports.

However, ports in the UK has suffered greatly from a sharp decline in oil production, which plays a key role in UK trade and accounts for about one-third of ports.

Oil production in some parts of the North Sea was hampered by declining energy demand because of the slower population flow due to the coronavirus.

The end of the Brexit transition period earlier this year also contributed to the decline as the volume of post-roll-off, roll-off – which includes a wide range of consumer and business items – declined sharply due to new border controls and a lack of a driver.

Tim Morris, chief executive of the UK Major Ports Group, a major corporate trade union, said it was a “critical year” and that “the epidemic risks have exacerbated long-term changes such as oil change.

Although volumes have begun to recover this year, they are not expected to reach the epidemic until 2026 due to rising oil and gas prices as the UK moves forward with decarbonisation plans.

Release of data showing a decline in oil ports run by UK ports follows Royal Dutch Shell’s removal last week from the controversial Cambo project in the North Sea amid a heated debate over the need to strengthen strong security by investing in fossil fuels.

Demand for oil in the UK has declined since 2005 due to a change in electricity prices to generate more energy. This has led to a long-term decline in the amount of water flowing through ports in Scotland that receive goods from the North Sea and others near refineries such as Southampton and Immingham.

The increase in volume is due to the fact that ports in the UK, which are owned by government agencies, have to invest in resources such as electric chargers to ship decarbonise. Proponents of her case have been working to make the actual transcript of this statement available online.

The brightest areas in the coming years are for ports that carry freight, aided by the growing demand for imported goods from Asia and so-called bulk goods such as metals and other building materials, the report said.

Morris said the ports have been selling and growing their businesses in larger groups such as freight and non-trailer trailers, as well as other cost-effective sources of resources such as goods, warehouses and green energy, as well as wind farms, for example. .