PM Leads Talks on Boosting UK Maritime Interests

MarineLink.com
Monday, September 09, 2013
PM David Cameron in discussions: Photo credit Maritime UK

Government ministers and industry leaders met at number 10 Downing Street today for a meeting to decide how best to maintain Britain’s competitive position in the global maritime industry.

The roundtable meeting, set up to mark the beginning of London International Shipping Week, was attended by senior figures from top global shipping companies and focused on the elements required to boost the UK’s reputation as a leading maritime services centre.

Transport Secretary Patrick McLoughlin said: “This is an industry with a natural home in the UK and London is the centre of the world for the professional, business and financial services that keep ships sailing. 
“Our quality flag, attractive tax regime, competitive ports, skilled labour base, expert service sector, and stable regulatory framework put us in a strong position. We want to work with the industry to understand what could make the UK an even more attractive place to do business.”


Shipping remains a growth industry in the UK and gross tonnage has more than trebled on the UK shipping register over the past decade. Employment in shipping has doubled from 73,000 in 2004 to 146,000 in 2011.

Mr Mcloughlin took advantage of this occasion, the first day of the inaugural London International Shipping Week to announce a boost for the government’s Support for Maritime Training (SMarT) programme which will receive an extra £3m per year in addition to its original £12m per year budget. This £3m bonus will support an additional 200 trainees each year.

Commenting on the SMaRT funding increase, Kenneth MacLeod, President of the UK Chamber of Shipping said: “This is a clear vote of confidence from Government on the ability of the maritime sector to create UK jobs. The wider maritime sector supports 263,000 jobs and UK employment has grown 6% since 2009. I started my career as a junior rating on a ship’s galley and I know first-hand that giving young people more opportunities to work at sea is vital to the continuing success of our maritime economy. As a result of today’s announcement, more young people will have the chance to follow in my footsteps and build a career in global trade."
 

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

People & Company News

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Finance

Saudi SABIC Q1 Profit Falls 1.8 % On Product Prices

Profit at Saudi Basic Industries Corp (SABIC), one of the world's biggest petrochemical firms, slipped 1.8 percent in the first quarter of this year as lower

India's Reliance Q4 Sales Rise

Indian energy company Reliance Industries Ltd posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oilrefining business offset higher revenue.

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

News

Saudi SABIC Q1 Profit Falls 1.8 % On Product Prices

Profit at Saudi Basic Industries Corp (SABIC), one of the world's biggest petrochemical firms, slipped 1.8 percent in the first quarter of this year as lower

Korean Ferry Captain's Detention Could Extend As Death Toll Mounts

South Korean prosecutors investigating a ferry disaster said on Sunday they would seek to extend the detention of the ship's captain and two other crew by 10

First Bodies Recoved From Sunken Ferry

South Korean divers retrieved three bodies from inside a sunken ferry overnight, officials said on Sunday, the first time they have been able to gain entry to the passenger section of the ship.

People in the News

Putin Welcomes New NATO Head

Russian President Vladimir Putin welcomed NATO's selection of former Norwegian Prime Minister Jens Stoltenberg as its new head, saying on Saturday the pair

Coast Guard tactical air squadron holds change of command ceremony

Capt. Kevin P. Gavin relieved Capt. Donna L. Cottrell as commanding officer of Coast Guard Helicopter Interdiction Tactical Squadron Jacksonville during a change of command ceremony at HITRON Friday.

Captain of capsized S Korean Ferry Arrested

The captain of a South Korean ferry that capsized, leaving 29 people dead and 274 others missing, was arrested on Saturday, the country's Yonhap news agency said.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.1571 sec (6 req/sec)