Maritime industry is a major source of revenue for the United Kingdom. From the global point of view, the entire maritime industry is of considerable importance from the revenue generation aspect. Details reveal facts like in UK the maritime industry alone has shown greater returns than that of the aerospace industry. In fact the balance sheet provides enough proof to the above mentioned information.
UK maritime industry has greater contribution towards the export imports of goods, employment generation, tourism industry, capital and hardware supply and other related subjects.
Here are some statistics which provide enough information as to why the maritime industry in UK is of such major significance.
- Handles 95% of the UK trade, in terms of weight. Just imagine the volume of trade conducted with the help of marine transportation. It is like a gigantic quantity amount.
- Contributes about 90% of the trade value of UK on the whole. Well that is truly amazing. The shipping industry in UK tackling such an astonishing volume of trade and then adding such a massive value to the commercial sector is simply brilliant.
- Do you know that the UK shipping companies boast of such a huge turnover which at times exceeds to more than ₤8.6bn? That is just wonderful, isn’t it?
- This massive industrial sector is also a huge contributor to the employment generation field. It is responsible for employing 196, 4000 people in about 6700 companies.
- The UK shipping companies on the whole carries a huge lot of people. the number may shoot to as many as 51 million passengers on an average in a year.
Of the major ports of UK, London is the most important and handles huge volume of trade. Liverpool is also considered to be another main port which also contributes to the maritime sector of UK.
Shipping News: IHS Fairplay publishes a range of shipping magazines full of useful articles, statistics and news for the maritime community. Shipowners, ship operators, ship managers & port authorities are the main beneficiaries of these maritime publications.