How to develop Britain's maritime business
There is a time after and beyond Brexit. A new report commissioned by the trade promotion unit Maritime London puts forward 36 detailed recommendations to foster the UK's engagement in the maritime services business in particular: marine insurance, ship broking, legal, finance and classification industries.
The UK, whose maritime business is estimated at an annual USD 6 billion, is facing increasing competition from other international actors located in Singapore, USA, China and Norway. The report "Catching the Wave" authored by the consultancy PwC, recommends amongst others to foster the UK's base of international ship owners and charterers, extending leadership in technology, supporting green ship finance activities and increasing the UK's talent pool. (fd)