PortOne Exclusive

PortOne Exclusive

10.3.2021 | Warehousing

PortOne exclusive

Virtual tour of PortOne Logistics Park.

Thanks to PortOne for agreeing Porttalk TV can exclusively share its showreel ahead of the rest of the media.

This state-of-the-art e-commerce park, built on the outskirts of Ipswich, is a winner on all fronts and as Murray Gibson, Director Murray Gibson Associates Ltd, says: “Location is king in logistics and PortOne wins on all fronts. It benefits from direct dual carriageway access to the A14 both east and westbound, there’s easy access to the north via the M1 and A1 and it’s on the right side of the Orwell Bridge. It’s also in a non-residential location which allows
tenants 24/7 unconditional access.

“Last week’s confirmation of Freeport status also brings a huge number of benefits to Port One tenants. When fully occupied, a staggering two million parcels will be moving through the e-commerce park every week. East Anglia is already known as the leading region for the logistics sector – Port One is only going to add to our reputation.”

For further information visit port-one.co.uk

To take PortOne’s virtual tour click here

New Rail Service from the Port of Felixstowe

New Rail Service from the Port of Felixstowe

10.3.2021 | Rail

New rail service from the Port of Felixstowe

 

Felixstowe to Wakefield daily service operated by GB Railfreight.

 

A new daily rail service has been introduced at Hutchison Ports Port of Felixstowe. The new service is operated by GB Railfreight and connects the UK’s largest container port with Wakefield in Yorkshire.

The new service is the 13th operated by GB Railfreight and the 12th daily rail connection to destinations in Yorkshire.

Commenting on the latest addition to the port’s roster of rail services, Chris Lewis, Chief Executive Officer at the Port of Felixstowe, said:

“Expanding the number of rail services available to importers and exporters from the port is one of our key objectives. The Port of Felixstowe is the Northern Powerhouse’s major container gateway and approximately 50% of traffic between Felixstowe and the North moves by rail. Increasing the number of services is good for the port, good for our customers and good for the environment.

“With three dedicated rail terminals at the port, we offer more rail services to more inland destinations with greater frequency than any other UK port.”

John Smith, Managing Director of GB Railfreight, added:

“I am thrilled to see the beginning of this new service. We are extremely proud to be able to continue our work with the Port of Felixstowe to deliver a first-class service, which demonstrates sustained growth for our companies and shows an inherent trust in our long-standing partnership.

“Our growth in intermodal shows GBRf’s dedication to innovation, offering flexible door-to-door solutions that meet our customer’s needs, as well as a consistently reliable service.”

The train will initially comprise of a mix of wagon types, including two Eco Triples, two Q8s and eleven IKA Twins. The combination of a variety of wagons is significant, as it allows for enhanced flexibility, maximising the number of boxes that can be carried to better satisfy consumer demand and make more effective use of overall capacity.

Other destinations served by rail from the Port of Felixstowe are Glasgow, Manchester, Liverpool, Leeds, Teesport, Birmingham, Birch Coppice, Doncaster, East Midlands Gateway, Hams Hall, Wakefield, Ditton (Widnes), Rotherham, iPort Rossington and Cardiff.

For further information visit portoffelixstowe.co.uk

Freeport East Reaction

Freeport East Reaction

10.3.2021 | Ports

freeport east reaction

Region’s movers and shakers give their reaction to the Freeport East status. 

Following the Chancellor’s Budget announcement last week giving Freeport East the green light, Porttalk caught up with some of the region’s movers and shakers to hear their thoughts on what they think it will mean for business.

Independent ports, logistics and supply chain consultant Murray Gibson of Murray Gibson Associates says:

“The announcement by the Chancellor of Freeport East’s successful bid is welcome news, not just for our ports where Felixstowe, in particular, has always led the field across the UK ports’ industry for investment, innovation and future-proofing, but by the community throughout the region as a
whole.

“Each of the eight new UK Freeports has an effective boundary of 45km (29 miles), within which have been identified a limited number of tax sites and customs sites. These offer different advantages to inward investors, developers and operators seeking to establish and grow their businesses. Whether in manufacturing, logistics, new technologies or e-retailing, these sites will underpin the growth of our regions’ ports for many generations to come, creating an estimated 13,500 jobs and contributing positively to the local economies of North Essex and South Suffolk.

“The Port One Logistics Park at Gt Blakenham has been nominated as a Customs site for Freeport East. Subject to final HMRC approval, it will provide current and future tenants with a range of simplified trade procedures and duty deferment options.”

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Miles Vartan of Vartan Consultancy says:

“We are delighted to hear the news that the Freeport East bid has been successful, taking advantage of all that Felixstowe and Harwich’s Ports have to offer.

“By utilising the wide range of deep-sea and short-sea calls to the region, new investors to the UK will be able to take advantage of working with a well-linked port that has land which is open to developing possibilities along with a package of tax reliefs to help drive jobs, growth and innovation. We have already been contacted by a potential client who wants to create a new manufacturing entity in the UK. The trick for Freeport East is to ensure they are open to these approaches to secure a committed project.”

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Graeme Connor, managing director of Imorex, adds:

“Without doubt, Freeport status will bring a much-needed boost to the local economy. The shortage of warehouse space locally means approvals like this are imperative if Felixstowe is to compete with more industrial ports. We will be watching with interest the effect this new status will have on current trade.”

Image credit: Pat Stockley Photography

Beatons Budget Overview

Beatons Budget Overview

10.3.2021 | Tax

Beatons budget overview

Andrew Diver of the Beatons Group spells out the good news and the not so good contained in the Chancellor’s announcements last week.

The Chancellor has announced the most anticipated budget since the end of World War Two – which looks to kickstart the UK’s economy as the pandemic appears to subside.

Rishi Sunak was in the unenviable position of trying to reignite the country’s battered economy while saving coming generations from being hit with the bill.

This year’s budget contained plenty to kickstart the economy, benefit freight and logistics and even included a few surprises – including a big one for Felixstowe.

Here, Andrew Diver, head of taxation at Beatons Group, looks at some of the highlights.

“As a numbers man, budget time is always an exciting time of year for me, and with the pandemic and subsequent lockdowns impacting the lives of people and businesses nationally, this year’s budget became a must-see event for most.

There was some expected news – the extension of furlough to the end of September was on the cards and will be a huge relief to businesses and their employees across the UK.

There was also good news for the self-employed, with the new support scheme being boosted by two new grants and including more than 600,000 people who became self-employed last year.

Growth seems to be the focus of this year’s budget.

The new Help to Grow schemes look to support small businesses by offering a 12-week programme of management training or digital skills training to help develop their business growth plan.

Meanwhile, the government has doubled apprentice incentive payments, up to £3,000 for any new hire, giving businesses the chance to expand their teams and allow more young people to start a career.

The freezing of fuel tax will be welcome news for the freight and logistics industry; as reports suggested, Mr Sunak was considering an increase this year to raise funds and show the government’s commitment to lowering carbon emissions.

One of the big surprises was the introduction of the super deduction, something that has never been tried in the UK.

From April 1 until the end of March 2023, businesses will be able to claim 130% capital allowances on investment in plant and machinery – so for every pound they invest, their taxes are cut by up to 25p. This will give businesses the ability to reinvest in their future while reducing their tax burden.

The Recovery Loan Scheme will allow businesses to continue accessing loans, replacing the bounce-back and Coronavirus Business Interruption Loan Schemes.

The Chancellor also looks to recoup some of the pandemic cost by raising corporation tax on profits – up to 25% in 2023.

It appears the government are looking to avoid putting small and medium-sized businesses under pressure by also introducing a small profits rate of 19% for firms with profits of £50,000 or less, which will mean 70% of companies will not be affected by the rise.

Finally, there was some important news for Felixstowe – the announcement a new Freeport will be created.

This will hopefully be a great boost for the east’s economy and should help fuel investment and trade in the region.

For more information about the Beaton Group, click here.

Port of Ipswich handles 2 million tonnes of cargo since lockdown

Port of Ipswich handles 2 million tonnes of cargo since lockdown

9.3.2021 | Ports

Port of Ipswich handles 2 million tonnes of cargo since lockdown

Milestone reached in less than 12 months.

 

The Port of Ipswich, owned by Associated British Ports (ABP), has reached a milestone of handling 2 million tonnes of cargo since the beginning of the first lockdown in 2020.

Since 23 March last year, the port has remained open and busy, handling 2 million tonnes of exports and imports of various products, including agribulks, construction materials and timber.

Around 9,000 tonnes of aggregate, which enabled the port to break though the milestone, recently arrived on board the Hopper Dredger Charlemagne, which self-discharged at Ipswich’s West Bank Terminal.

Andrew Harston, ABP Wales and Short Sea Ports Director, commented: “It is fantastic to see our Port of Ipswich defending its title as the UK’s number one grain export port with this tonnage milestone, and we are looking forward to a strong year ahead in terms of cargo volumes.

“I am proud of our ABP colleagues in Ipswich but also across all of ABP’s ports who have kept goods moving and trade flowing despite the global pandemic.”

The Port of Ipswich plays a key role in supporting supply chains in East Anglia as it is less than a mile from the town centre and its major road networks.

For more information visit abports.co.uk