PSP Worldwide Logistics London March 2021 - PSP Worldwide Logistics London

The blocked Suez Canal will trigger more than delays

In addition to triggering renewed port congestion, the grounding of Evergreen’s Ever Given, may indirectly lead to surcharges, price pressures and blanked sailings. The 20K TEU Ever Given ran aground in the Suez Canal on Tuesday morning and efforts have…

Importers missing out on cashflow benefit

Postponed VAT Accounting (PVA) was devised ahead of Brexit, to avoid the negative cash flow impact of an additional VAT bill at the EU/UK border, but the simplification is not limited EU shipments and offers potential cost savings and cashflow…

Government announce Brexit border control delay

In a critical development for many importers, Michael Gove informed Parliament today that the UK will be delaying the roll out of its second and third phases of post-Brexit border procedures. (more…)