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

People in the News

Total CEO Plane Crash: Russian Prosecutors Detain More Suspects

Russian prosecutors detained four Moscow airport workers and denied bail to the driver of a snow plough which hit a private jet killing the CEO of French oil company Total earlier this week,

Chief of Naval Personnel Visits Naval Special Warfare

Chief of Naval Personnel (CNP) Vice Adm. Bill Moran visited Naval Special Warfare (NSW) Sailors during an all hands call on Joint Expeditionary Base Little Creek-Fort Story, Oct.

EUCAP Nestor Train 30 Somali Coast Guards

On 21 October, the European Union’s Maritime Capacity Building Mission in the Horn of Africa and Western Indian Ocean (EUCAP Nestor) celebrated the successful completion of a two month Mentoring,

Government Update

MARAD Seeks Comments on Proposed Policy for Deepwater Export Applications

The Maritime Administration (MARAD) is seeking comments on the agency’s proposed policy to accept, evaluate and process license applications for the construction

Oil Drillers Group to Fight U.S. Export Ban

More than a dozen U.S. oil producers have joined to lobby the federal government to reverse the 40-year-old ban on U.S. crude exports, a move that supporters hope

UN: Ship Inspections near Somalia for Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics 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: 0.1095 sec (9 req/sec)