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UK LAUNCHES MARITIME 2050 LONG-TERM STRATEGY

Thursday, January 24, 2019  (Comments: 1)

The UK Department for Transport has launched its 'Maritime 2050' strategy, described as the first long-term programme developed in close partnership with industry that highlights the governmentís recognition of the importance of the maritime sector to Britainís future success.

That importance has only increased in the context of the UK leaving the EU, with 95% of all UK trade being enabled by the sector. Brexit has raised the profile of the sector, not least owing to national debate on the UK’s future trade relations. Whilst the sector is determined to manage the UK’s departure from the EU as smoothly as possible, it is also focused Beyond Brexit. Industry believes there are significant opportunities to:

  • foster innovation in new technologies like autonomy and clean growth
  • attract more maritime business to the UK
  • drive coastal economic development to create a coastal powerhouse
  • grow a skilled and diverse workforce.

Maritime 2050 is published at a time when the UK faces intense competition from maritime nations in the Far East, Northern Europe, Gulf and North America.

Today the UK is regarded as the world’s leading centre for maritime services - maritime law, finance, insurance, management and brokering. Maritime 2050 is designed to maximise UK strength in this area, retaining and enhancing its competitive advantage and developing new areas to compliment the offer, like green finance.

Maritime 2050 will strengthen the UK’s reputation for maritime innovation with an initial focus on autonomy and low-carbon technologies. For many of these technologies there is a time-limited golden opportunity to be an early adopter, particularly on low-carbon.

The UK is recognised as the gold standard for safety, education and training standards. This is a real area of strength, and one that can be strengthened further.

The report recognises the UK as a champion of free trade. That 95% of trade is facilitated by this sector means it has a huge and real stake in the debate about protectionism vs free trade. Maritime 2050 illustrates the value of trade, and the unique responsibility maritime has to ensure the UK’s island nation has the food and energy it needs. The report also demonstrates the power of trade to lift people out of poverty.

The strategy is founded on seven core ambitions, demonstrating our bold and aspirational objectives: UK competitive advantage; Technology; People; Environment; Trade; Infrastructure; Security and Resilience.

Harry Theochari, Chair of Maritime UK, said: “For the first time the maritime sector has a real long term strategy – setting out what government and industry will do to position the UK as the world’s leading maritime nation over the coming decades in an increasingly competitive global context. The UK is a maritime nation and our island, maritime status, is part of who we are; 95% of British imports and exports in goods are moved by sea, including 25% of the UK’s energy supply and 48% of food supplies. There are monumental opportunities for our sector – whether on technology, coastal economic development, attracting more maritime business to our shores or for the people that underpin our success."

Reader Comments (1)

Sadly, there is little regarding the actual shipping industry, only the sectors that service shipping. There is zero about ship building or ship repair. As an island nation, and as detail states, 95% of our trade is maritime, and not a player. If you are not at the table, you dont have a say. The UK government has already made its intentions clear, by contracting the previous Royal Navy fleet auxiliary vessels overseas, and retendering the next round of Royal Navy fleet auxiliries aimed at garnering interest from overseas yards.

By Iain Steven on Tuesday, January 29, 2019

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