Scottish Independence Vote Worries Shipping Industry

By George Backwell
Wednesday, September 03, 2014
Scots flag: File image

If the Scots vote for independence in September's referendum, it could hit the country's shipping and offshore maritime sector, according to a survey by leading international accountant and shipping adviser Moore Stephens, cited in Maritime London’s fortnightly news – ‘London Matters’.

The survey of leading members of the shipping industry found that 55 per cent of respondents believed a yes vote damage the industry.

However, 74 per cent said they had no plan of action if Scotland voted to abandon the Union, indicating a high level of confidence in a no vote on 18 September.



According to the Moore Stephens survey, 74 per cent said they had no plan of action if Scotland voted to abandon the Union, indicating a high level of confidence in a no vote on 18 September.

Some respondents didn't mince their words when looking at the prospect of an independent Scotland, “We have no confidence that a Scottish government would properly take account of shipping’s needs,” said one. While another added, “Scotland does not have the necessary infrastructure to replace the UK Merchant Marine. We will change the home port of our vessels from Aberdeen to London.

”

The 45 per cent who already had a business relationship with Scotland were the most despondent about a yes vote, with 69 per cent believing it would have a negative impact.



However, the figures were not all doom and gloom for Yes Scotland, with 57 per cent of those who did not have existing business relationships in Scotland saying secession would be a net positive.


According to Maritime London, The UK Chamber of Shipping has also been looking closely at the issues. On Tuesday 19 August, at Northern Marine Management in Clydebank, it held the last of three  seminars leading up to the referendum and provided members with a final opportunity to discuss the impacts of independence on the shipping industry with the minister before the Scottish Parliament entered a 'purdah' period.

Chamber members heard from the Scottish minister for transport, Keith Brown MSP and officials from HM Treasury, as well as discussing options for further devolution of powers to the Scottish Government in the event of a “No” vote.

The UK Chamber’s chief executive, Guy Platten, presented the minister with two papers outlining the Chamber’s vision for a national ship register and taxation regime for shipping in an independent Scotland, both of which will now be considered by the Government.


Source: Maritime London

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Gazprom & Eni Close Rank

Sochi hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Claudio Descalzi, Chief Operating Officer of Eni.

MacGregor's Deck Equipment For Chinese Shipyard

MacGregor, part of Cargotec, has secured a comprehensive deck equipment contract from New Times Shipyard, in China, for Intership Navigation Co Ltd's three new 36,500 dwt Laker-class bulk carriers.

Strategy Can Maximize UKCS potential

Companies operating in the North Sea require a cultural shift to make the most of the its potential, according to a new report from Deloitte, the business advisory firm.

Legal

Woodside to Pick up Moroccan Acreage

Woodside advises that it has entered into a contract for an exclusive Reconnaissance Licence (RL) with the Office National des Hydrocarbures et des Mines, the

PGS Moves Asia Pacific HQ to Malaysia

Petroleum Geo-Services ASA : Kuala Lumpur Becomes the New Asia Pacific Regional Headquarters As a part of the plan to restructure PGS business activities

Zargon Oil & Gas Sells Hamilton Lake Assets

Zargon Oil & Gas Ltd. announces that it has entered into a definitive purchase and sale agreement to sell its Hamilton Lake property for $25 million. Property

Offshore

Woodside to Pick up Moroccan Acreage

Woodside advises that it has entered into a contract for an exclusive Reconnaissance Licence (RL) with the Office National des Hydrocarbures et des Mines, the

Strategy Can Maximize UKCS potential

Companies operating in the North Sea require a cultural shift to make the most of the its potential, according to a new report from Deloitte, the business advisory firm.

Pile Testing for Wikinger Wind Farm Launched

In October 2014 the first phase of the pile testing campaign for the Wikinger offshore wind farm project was launched after the site’s geotechnical investigation on the Baltic Sea had been completed.

Government Update

US House to Hold Hearing on Oil Export Ban

A House of Representatives panel will hold a hearing on Dec. 11 to explore whether a decades-old law that prohibits the export of crude oil makes sense in an era of domestic energy abundance.

Australian Defence Minister Says Would Not Trust Submarine Firm to Build Canoe

Australia's defence minister has said he would not trust state-owned Australian Submarine Corp (ASC) "to build a canoe", fuelling expectations that most work in

Shipbuilding Regulations: Cents and Sensibility

Addressing the Jones Act is just one aspect of an increasingly complicated boatbuilding environment. Stovepiped, poorly conceived regulations is another. The sting of the recession is fading,

Consulting

UniMarine Opens Office in Pireaus

UniMarine announced the opening of its new office UniMarine South Europe & Mediterranean. Located in Piraeus (Greece), the office will be servicing the Southern

Kemp Succeeds Semple at Wood Group

Wood Group announced following changes to its senior management team. Alan Semple, chief financial officer (CFO) has advised the board that he intends to

EMGS to Map Brazil's Gas Hydrates

Electromagnetic Geoservices ASA (EMGS) has received a contract worth USD 1.5 million for a research project in Brazil. The project will use 3D EM data to map

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1682 sec (6 req/sec)