In 1939 it was the site of the Golden Gate International Exposition, and later, the Navy operated a base there that was a major shipping-out point for sailors headed to the Pacific.

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But this is the home of UK Maritime Trade Operations (UKMTO), the first point of contact for all merchant shipping transiting the high-risk area.

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Both wheels and the pedals are said to be shipping sometime before the year is through, but at this point no price has been established.

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The point is a vital barrier protecting the deep water channels along which shipping travels to the Humber ports.

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The choke point ripples across the economy, forcing some companies to abandon just-in-time shipping and stockpile goods in case of delays.

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