Success in shipping as we know, is all about timing. In a Brexit and Covid world with RoRo values falling, this may present buying opportunities considering the average life of a RoRo is just over 30 years.
Essentially, freight capacity has been bought by the UK Government for the first 6 months of 2021 for vessels to call regularly into Felixstowe, Harwich, Hull, Newhaven, Poole, Portsmouth, Teesport and Tilbury as a hedge against likely congestion at gateway Dover and a hard Brexit. However, with all of Europe likely to be grappling with suppressed demand from Covid-19 for the best part of 2021, combined with an impressive armada of newbuild deliveries confirmed to hit European waters over the next 24 months – was it really necessary – noting the UK is the number one demand market for straight ramp RoRo trade?
