Cork’s New Terminal Provides Post-Brexit Global Shipping Opportunity — Panjiva
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Cork’s New Terminal Provides Post-Brexit Global Shipping Opportunity

Brexit 176 Corp - Ports 911 Corp - Shipping 1030 Ireland 15 Mode - Containerized 1525 Mode - Seaborne 1846 U.S. 5404 United Kingdom 391

The Port of Cork has broken ground on a new container terminal scheduled to enter service from 2020. That follows only moderate growth in container handling through the port of 4% in 2017 vs. 2016 and 5% in the prior three years. Yet, with Brexit customs uncertainties looming there may be an opportunity for Cork to build up direct global exports for Irish containerized freight rather than just feeding ports in the U.K. and Europe for onward shipment. British ports handled 25% of Irish containerized shipments to the U.S. in the 12 months to May 31. Moving to direct shipments though wil...

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