The Largest Ports in the UK
Although Brexit may disrupt trade flows, the UK will remain Ireland’s largest single trading partner and a key route to Europe. These UK ports are important for Irish trade flows to many destinations.
Although Brexit may disrupt trade flows, the UK will remain Ireland’s largest single trading partner and a key route to Europe. These UK ports are important for Irish trade flows to many destinations.
International container shipping rates have been rising rapidly. Causes include the recovery from COVID, fiscal stimulus and blockages in supply chains. Rates seem unlikely to fall before next year.
The growth in the size of megaships is driven by a number of efficiencies but there are also difficulties, such as the recent Suez Canal blockage, that may indicate a limit is nearby.
As economies begin to recover from the COVID slowdown, supply chains are under pressure and constraints are likely. A slower recovery along with higher prices and longer term inflation are real dangers.
The Suez Canal blockage highlights the need to review key supply lines as this is not the only time such problems have arisen. Other countries are reacting and Ireland must also.
Ships and cargo are getting smarter with more automation and better tracking reducing losses, damage and incidental costs.