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 August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

RYDLYME Marine Selects GoM Distributor

RYDLYME Marine has named R Carter & Associates, Inc. of Mobile, Ala. a new stocking distributor for the Gulf of Mexico area, targeting shipyards, larger workboats,

MN 100: Elliott Bay Design Group

The Company: Elliott Bay Design Group (EBDG) is a Seattle-based, employee-owned enterprise with offices in New Orleans and Ketchikan that provides full-service naval architecture,

MN 100: Dometic Marine

The Company: Dometic Marine is an engineering leader of innovative products for the global marine industry and offers a large worldwide sales and service network.

Legal

Libya Plans to Sell Ex-rebel Tanker

Libya plans to sell a tanker that a former rebel group used in an attempt to bypass the Libyan government and export oil on its own last year, the Tripoli-based state prosecutor said on Thursday.

Turkey Detains 4 in Connection with Capsized Migrant Boat

Turkish police have detained four Syrians suspected of involvement in organising the passage of a boat which capsized, drowning 12 people including a toddler, as

Singapore Becomes Sea-Dispute Settlement Centre

The government of Singapore has become a venue in Asia to settle maritime disputes for proceedings before the International Tribunal for the Law of the Sea (ITLOS).

Offshore

Edelweiss Now Controls Bharati Shipyard

Edelweiss Asset Reconstruction Company has taken over management control of Bharati Shipyard, says a report in ET.   Edelweiss now controls 70% of the Indian yard’s debts.

Offshore Operators Can Simplify Safety Equipment Logistics

Safety equipment manufacturer VIKING Life-Saving Equipment said its Offshore Safety Agreements are providing relief for offshore operators seeking to ensure compliance

Keppel Delivers Jackup to UMW-OG

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered UMW Naga 8, a KFELS B Class jackup rig, to Malaysia’s UMW Oil & Gas Corporation Berhad (UMW-OG).

Government Update

Willard to Supply Patrol Boats for the Philippines

The U.S. Department of State awarded a contract to boatbuilder Willard Marine, Inc., to provide the Philippine National Police Maritime Group with patrol vessels

Libya Plans to Sell Ex-rebel Tanker

Libya plans to sell a tanker that a former rebel group used in an attempt to bypass the Libyan government and export oil on its own last year, the Tripoli-based state prosecutor said on Thursday.

Former CIA Spy Ship Becomes Victim of Oil Slump

A ship built by the CIA for a secret Cold War mission in 1974 to raise a sunken Soviet sub is heading to the scrap yard, a victim of the slide in oil prices.   Christened the Hughes Glomar Explorer,

Consulting

Dorian Acquires 2 ECO VLGC

Dorian LPG, an owner and operator of modern Very Large Gas Carriers ("VLGCs"), reported today that it has taken delivery of the ECO VLGC Commodore from Hyundai

Glosten Acquires Noise Control Engineering

Seattle-based naval architecture and marine engineering consultancy Glosten, Inc. has acquired Noise Control Engineering LLC (NCE), a consulting firm specializing in ship noise and vibration control.

Nominations Invited for BIMCO Awards

BIMCO, the world’s largest international shipping association is now calling for nominations for its prestigious awards, to be presented in Hamburg in November 2015.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pipelines Port Authority Salvage Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | 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: 0.1889 sec (5 req/sec)