U.K. Shipping Minister Commits to Maritime Industry

MarineLink.com
Thursday, May 09, 2013

U.K. Shipping minister says he is committed to putting the £31.7-billion shipping industry center-stage.

Stephen Hammond, Parliamentary Under-Secretary of State for Transport, speaking at a Maritime London/Shipping Professional Network London event underlined the government’s commitment to the U.K.’s maritime industry and declared its importance to Britain’s economic growth. Contributing £13.8bn to the U.K. economy directly and enabling a further £17.9 billionn, the U.K.’s maritime industry accounts for 2.1% of the entire economy, supports one in every 50 jobs and creates £8.5 billion for the U.K. Exchequer.

Announcing the beginning of a “much more coordinated approach from the government to shipping policy,” Mr. Hammond cited the establishment of a cross-government forum with the Department for Transport, the Cabinet Office, the Department for Business, Industry and Skills (BIS) and industry bodies such as Maritime London and the Baltic Exchange to discuss how the government can continue to help the industry to prosper.

Mr. Hammond said the government particularly welcomes the launch of London International Shipping Week, an event from September 9-13, 2013 focusing on London’s role in the development of global shipping. The world centre for professional and business services to the international maritime industry, London accounts for 21% of premiums in international marine insurance and provides over $64 billion in ship finance, and handles £744 million of shipbroking activity. London also has the world’s largest concentration of legal firms specializing in the maritime sector.

Maritime London Chief Executive Doug Barrow added, “Collaboration between government and industry is essential if we are to ensure that London and the U.K. remain a world beating maritime cluster providing services to the international shipping industry.”


 

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

People in the News

National Domestic Surveyor Accreditation in place

Domestic marine surveyors will now be accredited under a national system run by the Australian Maritime Safety Authority (AMSA). The Domestic Surveyor Accreditation

Australian Tall Ship Rounds Cape Horn

The Royal Australian Navy operated Sail Training Ship Young Endeavour rounded Cape Horn on Australia Day, 36 days into a 12-month circumnavigation of the world.

USCG Rescue 2 on Bahamian Island

Two stranded men are safe after the Coast Guard rescued them off an Island in the Bahamas Tuesday afternoon. Coast Guard 7th District watchstanders received

Government Update

National Domestic Surveyor Accreditation in place

Domestic marine surveyors will now be accredited under a national system run by the Australian Maritime Safety Authority (AMSA). The Domestic Surveyor Accreditation

Cutlass Express 2015 Commences

Maritime forces from East Africa, South Africa, Europe, Indian Ocean nations, the United States and several international organizations began the fourth iteration

Adani Ports Consolidated PAT Shoots Up by 37%

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the third

 
 
Maritime Security Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar 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: 0.1099 sec (9 req/sec)