Why London is the world leader for Shipping Services? Tuesday 15 th July 2014 Doug Barrow.

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Presentation transcript:

Why London is the world leader for Shipping Services? Tuesday 15 th July 2014 Doug Barrow

First trip to sea!

Liverpool

Chinatown

Liverpool

Maritime London Established 2001 Trade promotion of the maritime services of the UK Membership organisation Represents over 10,000 people

Maritime UK One voice for shipping, ports and maritime business –Baltic Exchange –British Ports Association –CLIA UK & Ireland –Institute of Chartered Shipbrokers –Maritime London –UK Chamber of Shipping –UK Major Ports Group

London

Londinium

Britain ruled the waves

Lloyd’s of London

London in the past

British shipbuilding

MARITIME SERVICE CLUSTER Shipowner/ Charterer InsuranceEducationLegalShipbrokingFinanceManagementClass Ship registries

10 REASONS TO CHOOSE LONDON One stop shop Robust legal system Skills base Education Gateway to the world Ease of relocation Quality services International outlook London a 1 st Class Maritime Centre Adaptability Cosmopolitan city Time zone Financial centre Competitive tax regime Sound infrastructure Good communications 1st class commercial centre

Charles Darwin It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change.”

Ethics Our word our bond

10 REASONS TO CHOOSE LONDON One stop shop Robust legal system Skills base Education Gateway to the world Ease of relocation Quality services International outlook London a 1 st Class Maritime Centre Adaptability Cosmopolitan city Time zone Financial centre Competitive tax regime Sound infrastructure Good communications 1st class commercial centre

Maritime importance to the UK Economy Contribution from –Shipping –Ports –Professional services Includes –Direct –Indirect –Induced 2009 –£26.5bn gdp –531,000 jobs –£7.8bn to the Exchequer 2011 –£31.7bn gdp –634,900 jobs –£8.5bn to UK Exchequer

Ministerial round table meetings

First in the series

LISW13

Shipping driver for globalisation 95% of world trade carried by ship World trade expected to grow by 4.7% in 2014 and 5.3% in 2015 World seaborne trade ~ 5% of world trade

Maritime London c/o The Baltic Exchange 38 St Mary Axe London EC3A 8BH Tel: