‘Confidence and optimism’ from 175 most senior maritime figures as London International Shipping Week begins

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175 senior figures in UK shipping, ports and maritime business services have given an overwhelming vote of confidence for the sector’s increasing growth and success, in a survey released today by Maritime UK, to mark the start of the first ever London International Shipping Week.

The survey targeted heads and most senior leaders of organisations that have maritime operations based in the UK, including shipowners, port operators, maritime lawyers, insurers. The results were that:

  • 85% agreed that the UK is a globally competitive place to do business
  • 74% said the sector will grow during the next five years 
  • 70% said that the UK economy was moving in the right direction.
  • the breadth of established and reputable maritime services available in London (legal, financial, business) – making it a ‘one stop shop’ for shipping
  • its profound experience in legal insurance and financial services for the maritime industry
  • our time zone – which makes it possible to do business in both Eastern and Western markets each day.
  • our long maritime history – in which expertise has been passed down through generations – something emerging economies could not replicate.
  • The first ever London International Shipping Week kicks off on Monday, Sept 9 – leaders from all sectors of the international shipping industry will come to London for this series of events celebrating the city's success as one of the world's premier maritime hubs. 

Jim Stewart, Chairman of Maritime UK, said:

“At the beginning of London International Shipping Week, industry leaders have given a ringing endorsement for the UK as a centre for maritime business. It is a sign that, despite a difficult economic environment, the industry is determined to carry on being the backbone of the British economy.

But Mr Stewart warned:

“The massive contribution this industry makes to the UK economy should never be taken for granted. The threat from emerging economies is real and significant. Industry and Government must focus their energies on ensuring that the UK remains one of the most competitive places in the world for international business – and that requires mature, cross-party consensus to build a stable, attractive environment.

Shipping and other maritime services are big business here in the UK – it is a sector already worth up to £14bn per year to the economy and most importantly, it is a sector that is steadily growing. Our maritime services – comprising ports, shipping and business services – provide 263,000 jobs.

Gross tonnage has more than trebled on the UK shipping register over the past decade and London remains the largest maritime centre in the world for professional, business and financial services.

ENDS

For further information please contact Gemma Wilkie, Public Relations Manager at the UK Chamber of Shipping (working on behalf of Maritime UK) on 020 7417 2834 or gwilkie@ukchamberofshipping.com


Notes to Editors


Maritime UK brings together the shipping, ports and maritime business services sectors in the UK to speak with a single voice on key strategic and practical issues of joint interest.
Its intention is to create “joined-up” industry positions between these sectors so that the maritime message can be heard clearly and with greater weight by legislators and other audiences.


Maritime UK represents a substantial part of the British economy. Together we:
contribute £31.7bn to UK GDP
support 537,000 UK jobs
provide £8.5bn in tax receipts to the UK exchequer.