The UK's Global Maritime Professional Services: Contribution and Trends.
This research report looks at the contribution and trends of the UK's maritime professional services sector and provides a wealth of new data and insights drawn from survey responses and interviews with maritime industry specialists.
This sector includes areas such as marine insurance, law, finance and shipbroking, which play a vital role in facilitating the functioning of the global maritime industry.
The report, commissioned by the City of London Corporation and produced by PricewaterhouseCoopers LLP (PwC), finds that this sector has an important role both domestically and internationally. Domestically, the sector contributes approximately £4.4 billion to the UK economy annually and directly employs over 10,000 people. Globally, the UK remains the undisputed leader in maritime professional services such as marine insurance, maritime law, education and shipbroking. Despite the shift of physical shipping activity towards Asia, the UK's continuing strength reflects the depth and breadth of expertise in maritime professional services and education.
"Maritime London is delighted to be associated with this report that has been commissioned by the City of London. Again, it demonstrates the impact of maritime services to the UK’s economy and to the City. We would like to thank the many companies that have contributed data to enable the authors to produce such an informed report. This long awaited report now provides us with evidence in support of our promotional efforts clearly demonstrating the importance of our maritime services. This report states where we are today and gives some pointers for the future. Our job now is to support the growth of the UK's maritime services and ensure they have an increasing share of global business."
Doug Barrow, Chief Executive, Maritime London