Hutchison Ports buys APMT’s Rotterdam terminal

Hutchison Ports buys APMT’s Rotterdam terminal

10.5.2021 | Ports

Hutchison Ports buys APMT’s Rotterdam terminal

Joint announcement of the divestment of APMTR to Hutchison Ports.

APM Terminals (APMT) and Hutchison Ports are pleased to announce that Hutchison Ports Netherlands B.V., a subsidiary of Hutchison Ports, has signed an agreement to acquire the Rotterdam container terminal APM Terminals Rotterdam (APMTR) from APMT.

APMTR is located adjacent to Hutchison Ports’ existing ECT Delta terminal in the Maasvlakte area of Europe’s largest port. It has 1,600 metres of deep-water quay serviced by 13 ship-to-shore gantry cranes.

Commenting on the divestment, Rolf Nielsen, Head of Hub Terminals APMT said, “We are pleased to announce our divestment of APMTR to Hutchison Ports. Over the past eighteen months, the various parties have worked intensively and constructively together with all relevant parties, including APMTR’s works council and trade unions, to complete the transaction. The sale gives APMTR the best possible future with good security for jobs for its employees.”

Commenting on the acquisition, Clemence Cheng, Managing Director of Hutchison Ports Europe said, “We are delighted to strengthen further our presence in the Port of Rotterdam. We already handle the majority of containers in the port through ECT’s Delta and Euromax terminals. The addition of APMTR will further enhance our ability to offer a first-class and flexible service to our customers.

“We will continue to serve Maersk Line’s existing business at the terminal and will work with the workforce to develop the customer and volume base to meet growing demand. We have the opportunity to redevelop and enhance the facility in the future and look forward to continuing to grow our business in the port.”

APMT Rotterdam (image courtesy APMT).

Jenkins Group acquires Marexport UK

Jenkins Group acquires Marexport UK

4.5.2021 | Logistics

Jenkins Group Acquires Marexport UK

Jenkins Group agrees purchase of Marexport UK’s Felixstowe & Ipswich warehouse operations. 

Jenkins has been at the forefront of innovative port logistics solutions for over 40 years, consistently delivering a quality service across a range of activities from stevedoring, container operations, warehousing and road transportation services.

The Felixstowe and Ipswich warehouses will increase Jenkins geographic network to 11 UK and Ireland Port locations.

Paul O’Hare, Jenkins Chairman said:

“We are committed to strengthening and expanding our services to clients in the Port of Felixstowe area. The purchase of Marexport UK, with its outstanding reputation as a major supplier of logistics services, will help progress our plans.”

Steve Day, Marexport UK said:

“We look forward to building on the strong customer relationships established by Marexport UK and developing new relationships with customers requiring high-quality warehousing and port logistics services in the Felixstowe and Ipswich areas”.

The transfer of ownership of Marexport UK to Jenkins completed on the 27th of April 2021.

Luca Vergano, Managing Director Marexport UK, commented:

“We are delighted to conclude this deal with Jenkins and we are sure that what we have successfully built in the Ipswich and Felixstowe area over the last 12 years will be in very good hands going forwards.”

jenkinsgroup.com

How to make the most of the Recovery Loan Scheme

How to make the most of the Recovery Loan Scheme

4.5.2021 | Tax

How to make the most of the Recovery Loan Scheme

Nick Marshall, director at Beatons Group, explores what financial help is available for businesses in the government’s new Recovery Loan Scheme.

As the vaccine rollout maintains its quick pace and cases of COVID-19 continue to fall, businesses across the UK are now looking to the future.

From haulage to hotels, most companies have found the pandemic and subsequent lockdowns a challenging time, with many having to put staff on furlough or cut down on their spending costs to help them weather the storm.

What is it?
The Recovery Loan Scheme has been set up to give businesses access to loans to help them recover after the pandemic.

This new scheme should not be confused with the government’s earlier bounce back scheme – as the size of the loan is much higher, as are the interest rates.

It also requires extensive checks for a borrower’s financial viability and demands for personal guarantees.

However, for larger companies who have been hit hard by lockdown, this scheme may help them hit the ground running and help them plan ahead.

Who can apply?
The government’s loan scheme is on offer for any business that trades in the UK.

To qualify, a business must show they would have been viable had it not been for COVID-19 and that the pandemic has adversely impacted them.

Businesses must also show they are not in collective insolvency proceedings unless within the scope of the Northern Ireland protocol where different eligibility rules apply.

Businesses who received a loan through a previous loan scheme are still eligible to access loans under the new scheme.

Firms from any sector can apply – apart from banks, building societies, insurers, public sector bodies and state-funded primary schools.

How much can a business borrow?
Loans and overdrafts from £25,001 to £10million are available per business, with invoice finance and asset finance of between £1,000 and £10million also available per company.

However, personal guarantees will not be taken on facilities up to £250,000, and a borrower’s principal private residence cannot be taken as security.

Unlike the previous bounce back scheme, the take-up of this scheme has so far been sluggish, with the Financial Times reporting it could be down to the more stringent checks and higher interest charges than other pandemic loans.

However, for a business looking to rehire staff or need help with cash flow, this scheme still offers a good way to secure funding for the future.
For more information about Beatons Group, visit beatons.co.uk

What is postponed VAT, and should I use it?

What is postponed VAT, and should I use it?

5.5.2021 | Industry matters

What is postponed VAT, and should I use it?

Often asked about using postponed VAT accounting (PVA) for customs declarations, Steve Townley, head of customs at Jordon, shares his views on the pros and cons of the system, as well as the latest updates from HMRC. 

I have heard about PVA, but I’m not sure if it’s for me. Why should I use it, and where can I find out more about it?
PVA allows UK VAT registered importers to account for and recover import VAT on their VAT return. PVA is available permanently. We expect that most businesses will choose to use it because it provides significant cash flow benefits compared to the alternative of paying the import VAT when the goods are imported.

Different rules apply in different situations. In some cases, you must account for import VAT on your VAT return – for example, if you delay your customs declaration.

New Trade Rules.

How do I tell HMRC that I want to use PVA?

There isn’t an application process for PVA, and you do not need to tell HMRC in advance if you want to start accounting for import VAT on your VAT return. You need to confirm in your customs declaration that you are using PVA.

If you use the Customs Handling of Import and Export Freight (CHIEF) system

On your declaration, enter:
• your EORI number starting with ‘GB’ which includes your VAT registration number into box 8 (Header Consignee), or, if applicable, your VAT registration number in box 44h (Registered Consignee).
• ‘G’ (Postponed accounting for VAT approved) as the method of payment in Box 47e.

If you use the Customs Declaration Service (CDS)
On your declaration, enter:
• your VAT registration number at header level in data element 3/40.

Please note that VAT will be recorded against your EORI and will be at the declaration level only.

If someone else is making your customs declarations for you, such as a freight forwarder, customs agent, broker, or fast parcel operator, you must tell them you want to use PVA. Tell them that you want to use PVA to account for import VAT on the imported goods so they can complete the customs declaration correctly on your behalf. Keep a written record of what is agreed for your records.

Whoever completes the declaration must take care when selecting how to account for import VAT on the customs declaration, as this cannot be changed once the declaration has been submitted.

How do I complete my VAT return if I am using PVA?

After you have selected PVA on your customs declaration, you will need to account for import VAT when you complete your VAT return.

To complete your VAT return, you will need:
• details of any customs entries you have made in your own records.
• copies of your monthly postponed import VAT statement, when available.

Unless you have delayed your customs declaration, each of your statements will show the total import VAT postponed for the previous month.

If you are delaying your customs declarations:

• you must account for import VAT on the return, which includes the date you imported the goods.
• to complete the boxes on your return, you will need to estimate the import VAT due from your imported goods records.
• when you submit your delayed declaration, you must select that you’re accounting for your VAT on your return.

Your next online monthly statement will show the amount of import VAT due on that declaration. You’ll then be able to:

• adjust your estimate.
• account for any difference on your next return.

How do I get the statement I need to complete my VAT return?
If you account for your import VAT on your VAT return, you’ll need to get a postponed import VAT statement online.

Unless you have delayed your customs declaration, each statement will show the total import VAT postponed for the previous month.

Your statements will usually be available to view by the sixth working day of the month.

To view your statements, you’ll need a Government Gateway user ID and password, which is linked to your EORI number. If you do not have a user ID and password, you can create your account on GOV.UK.

To find out more about using postponed VAT accounting (PVA), contact the Jordon team on 01394 286544 or email steve.townley@jordonfreight.com

Logistics community embraces Litter Free Roads and Laybys

Logistics community embraces Litter Free Roads and Laybys

4.5.2021 | logistics

Logistics community embraces litter-free initiative

Industry giants unite in support. 

The logistics community has come together and partnered with Litter-Free Felixstowe (an active community interest group with nearly 1,000 members) to support the national ‘Litter Free Roads and Laybys’ initiative.

With some of the region’s most prominent industry names supporting the scheme, representatives from each company came together on Earth Day (22nd April) to publicly show their support. Companies, including hauliers and suppliers, that have pledged their support to date include Goldstar TransportFargo Systems, VARTAN Consultancy, Turners Logistics, Maritime Transport, Port Express, Seven Logistics, Macintyre Transport, Peach PR and Porttalk.

With Goldstar Transport taking the lead in encouraging fellow hauliers and logistics companies to get involved, Steve Jones, general manager, says: “Few people will have failed to notice the dramatic rise in the amount of litter alongside the UK’s major roads and the numerous laybys across the country. A solution is no easy feat, and there is no one right answer. By partnering with Litter Free Roads & Laybys, we hope to raise awareness on a national scale whilst also ensuring we are doing our part to reinforce the message that changing habits need to begin ‘at home.’

“We’re educating our drivers about the unacceptability of littering, as well as updating our induction procedures for new recruits and our driver handbook, which now states vehicles must have litter-free cabs. By introducing small changes in the behaviours of colleagues, we are actively encouraging a litter free mindset across the company.”

Steve Collins, director of transport management specialists, Fargo Systems, says: “Litter on motorways and in laybys is a national problem; it is heartening to see the regions logistics industry come together to tackle this problem. Lorry drivers are in a pivotal position of being part of the solution, not the problem, leading by example and spreading the word.”

Miles Vartan, who heads up risk management experts VARTAN Consultancy, adds: “This initiative is well overdue. Whilst we can pledge our support to be vigilant when it comes to littering, a key part of the problem stems from the significant lack of safe and hygienic UK driver facilities along with less than acceptable toilet & bin facilities. As an industry, we need to be lobbying authorities to ensure these basic provisions are put in place on a national level.”

Paula Bennett of logistics website – Porttalk – comments: “The logistics industry is the unsung hero of the last year and has kept the UK moving. Those companies that have pledged their support to this initiative should be applauded, and here at Porttalk, we will do all that we can to raise awareness of the initiative and fly the flag for Litter Free Roads and Laybys.”

Debbie Bartlett of Litter-Free Felixstowe says of the industry’s support: “Litter-Free Felixstowe was created to tackle the issues of litter across town and to ensure that no plastic waste ends up in the sea. The commitment of the region’s logistics sector in supporting the Litter Free Roads and Layby has been incredible, and we look forward to other companies joining and pledging their involvement.”

For more information about the Litter-Free Roads and Laybys initiative visit  goldstartransport.co.uk