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Loss of ferry capacity to COVID-19 could disrupt spirits, tire exports

Cons. Discr. - Autos 922 Consumer Staples 590 Coronavirus 385 Corp - Ports 776 Corp - Shipping 781 Industrials - Capital Goods 446 Ireland 7 Mode - Seaborne 1559 U.S. 4488 United Kingdom 275

The U.K. marine logistics industry may face disruptions due to the loss of passenger ferry based cross-channel capacity for freight provided by DFDS and P&O Ferries. That in turn could have a knock on effect for international shipping, particularly for suppliers from Ireland and elsewhere that hub through British ports. Activity through British ports run by DP World and Peel Ports among others had already fallen by 4.0% year over year in Q4. U.S. seaborne imports from British ports that originated outside the U.K. were led by shipments linked to Diageo from Ireland which have surged 74.9...

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