Newsroom Blog
Gaps in UK thinking
By Lloyds List Comment
Friday 19 March 2010
UK MARITIME industry leaders frequently complain that the British seem blithely unaware of how much they rely on shipping services to provide their every day needs. Many clearly think that the ports are all run down and most of what they buy in the shops has arrived by air.
Neither has the general public any idea about how much maritime services contribute to the British economy.
Changing that perception is an uphill task, and perhaps the industry should stop bothering about it. But those operating ships, running ports, or providing professional support services have every right to worry about the government’s offhand attitude towards an industry that contributes £25bn ($37.5bn) a year to GDP and supports more than 500,000 jobs.
As Lloyd’s List reports in its focus on UK Shipping published on Monday, there is considerable dismay about the fundamental lack of understanding at government level.
Chamber of Shipping and Maritime UK president Jesper Kjaedegaard has started to use much more hard-hitting language in his efforts to get the message across that ill thought out policies are threatening to drive more business away from Britain at a time when other countries such as Singapore are keen to establish themselves as maritime centres.
Shell International’s Jan Kopernicki, who takes over as president of the chamber later this week, will be continuing with that effort while acknowledging that the industry must do more than just grumble. As he says, shipping has to produce sound economic arguments in support of its case.
That is a fair point, but those who have a choice of where their companies are based must feel comfortable about the local business environment and confident of a stable tax and regulatory regime.
Of course, the UK government has had far more pressing matters to contend with of late than the concerns of the maritime industry, but as our report shows, even the most loyal supporters are having their patience tested.
What British shipping needs from Whitehall is some joined-up thinking, just as the industry itself finally realised that it has to work together to get the best out of government.
A pleasant suprise
By Lloyds List Comment
Thursday 18 March 2010
IT IS indeed odd how the world can turn: for large parts of last year, one of the common criticisms that mainstream British economic commentators levelled at the UK government was the use of vast amounts of public funds to prop up the errant banking sector, while leaving manufacturing and other traditional industries, including...
A force to reckon with
By Lloyds List Comment
Thursday 18 March 2010
NEWS that the Federal Maritime Commission is to conduct a fact-finding probe into why there is insufficient ship capacity to meet the requirements of US exporters and importers undoubtedly came as a shock to liner bosses who had hoped the days of investigation by regulators were over after the European Commission outlawed...
Enough is enough
By Lloyds List Comment
Wednesday 17 March 2010
IN THE 13 years since the Labour Party took power in 1997, more legislation has been passed by this UK government than in the entire 50 years preceding it from the end of the Second World War. It has been an unprecedented frenzy of policy-making, and no part of the country has remained untouched by it, not even its...
Yuan debate
By Lloyds List Comment
Wednesday 17 March 2010
THERE is considerable heat gathering in the time-honoured battle between the US and China over the exchange rate for the yuan. This argument has gone on for so long that it might appear too obvious to mention. But the debate has reached a new level of rancour, presenting the real possibility that relations between the US and...
Time for greater transparency
By Janet Porter
Tuesday 16 March 2010
THE Marine Accident Investigation Branch’s report this week on the Maersk Kendal grounding makes uncomfortable reading for the ship’s operator and officers. But the whole industry benefits from the in-depth accident inquiries conducted by the UK’s MAIB, and the recommendations that usually follow. In this particular case, the...
IMO should be more open
By Lloyds List Comment
Tuesday 16 March 2010
AT LESS than £28m ($42m), the annual budget of the International Maritime Organization is small change. To put it another way, one of the world’s largest industries is regulated for an annual outlay that would just about buy a five-year-old aframax. How cheap is that? Lloyd’s List therefore cannot approve of the actions of at...

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