European Shipowners Welcomes Brexit Deal

The European Community Shipowners' Associations (ECSA) said that the European shipowners welcome the agreement reached on Brexit.

“Our primary concern on the short term, the frictionless trade, seems to be taken care off. A no deal scenario was just not an option and a clear lose-lose situation for shipowners and clients at both sides,” said Martin Dorsman, Secretary-General of ECSA.

ECSA hopes political leaders in the UK and EU will now take the necessary steps to translate the political agreement into reality.

“We very much welcome the agreed transition period until end of 2020, optionally extended. However, business needs a stable and clear framework to operate and plan investments. Hence, full clarity on what rules and procedures will be in place after the transition period is key. The earlier business knows what to prepare for the better”, Dorsman added.

ECSA will continue to follow the negotiations closely, as it has been doing for the past months, and stays engaged to work with EU and UK administrations  on shipowners’ needs.