UK Chamber of Shipping welcomes the government’s North Sea decision
The UK Chamber of Shipping welcomes the government’s decision to provide further help to the North Sea – this will potentially benefit the industry significantly. The industry, and especially the Offshore Support Vessels (OSV) sector, has suffered greatly from the recent fall in oil prices and the decline of oil and gas production levels, and the delay in decommissioning projects has added to the pressure. This has resulted in a considerable number of UK operated vessels being phased out of commercial operations and considerable loss of British jobs both ashore and at sea.
If the government is serious, it needs first to establish a level playing field for the British offshore support vessel operators to compete fairly in the awarding of government contracts. If contracts are awarded to foreign companies without any commitment from them in terms of making a social and/or economic contribution to the UK – the funds invested by the government will go overseas, instead of being ploughed back into the UK economy through increased employment and income.
The Chamber has launched a detailed proposal on actions that the government can take forward to assist the sector. We are looking forward to discussing these proposals with the government ahead of the publication of the discussion paper on how to help the industry.