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Chamber of Shipping

Chamber of Shipping. DRIVING ECONOMIC RESEARCH ON THE UK MARITIME ECONOMY. Trade Association. 140+ Members (Full & Associate) 860 Ships 23 Million GT. Sea Vision UK. Established 2003: to raise awareness of the sea and the maritime sector

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Chamber of Shipping

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  1. Chamber of Shipping DRIVING ECONOMIC RESEARCH ON THE UK MARITIME ECONOMY

  2. Trade Association • 140+ Members (Full & Associate) • 860 Ships • 23 Million GT

  3. Sea Vision UK Established 2003: to raise awareness of the sea and the maritime sector Over 400 partners and 5,000 friends from across the maritime sector 2009: focused on raising awareness of maritime in education and promoting the job and career opportunities across the sector

  4. Sea Vision UK • Need for data on wider maritime economy • Established a working group of industry experts to define the maritime economy • Desk-top research to estimate size and importance based on turnover and employment

  5. UK Maritime Economy - 2001

  6. One Voice Brings together Shipping, Ports and Maritime business services to speak as ‘one voice’ to Parliament on key strategic and practical issues of joint concern. The participating organisations : • The Baltic Exchange • The British Ports Association • The Chamber of Shipping • The Federation Council of the Institute of Chartered Shipbrokers • Maritime London • UK Major Ports Group

  7. One Voice • Need for more detailed analysis of the major players in the UK maritime economy • Turnover • Employment • Contribution to GDP • Contribution to Exchequer (tax revenues)

  8. Oxford Economics World leader in quantitative economic analysis and forecasting, and in practical, evidence-based business and public policy advice. International reputation built on: • The calibre of staff: more than 60 experienced professional economists and have staff in the UK, US, Singapore and France. • Rigorous, quantitative approach, including a range of models and scenario tools to answer practical questions. • Ability to answer the 'So what?' questions, helping clients to understand challenges and strategic choices. • Close links with Oxford University and a range of partner institutions, providing access to the latest thinking.

  9. Economic Impact Analysis • Assess the contribution of the ports and shipping industries to the UK economy, focusing on four main channels: • Direct - employment and activity in the ports and shipping industry. • Indirect - employment and activity supported down the supply chain, as a result of both industries’ purchases of goods and services from UK suppliers. • Induced - employment and activity supported by those directly or indirectly employed in both industries spending their incomes on goods and services in the wider UK economy. • Catalytic – industries enabled by both industries.

  10. Shipping industry's annual turnover and contribution to GDP £million 12 Turnover 10 8 Value added 6 4 2 0 1999 2000 2001 2002 2003 2004 2005 2006 2007 Direct Economic Impact of Shipping

  11. Employment in the UK shipping industry Number of people Non-UK 100,000 Ratings Non-UK Officers 80,000 UK Ratings 60,000 UK Officers 40,000 Onshore 20,000 0 2004 2005 2006 2007 Direct Economic Impact of Shipping

  12. GDP (mn) £plus £1,640 . . £3,520 . . £4,670 plus 37,000 79,000 96,000 Direct Employment + indirect + induced + catalytic Total Economic Impact of Shipping

  13. Direct Economic Impact of Ports

  14. Direct Economic Impact of Ports

  15. GDP (mn) £plus £3,580 . . £6,680 . . £7,660 plus 80,000 150,000 132,000 Direct Employment + indirect + induced + catalytic Total Economic Impact of Ports

  16. Employment impact of both ports and shipping industries 700,000 600,000 500,000 Ports 400,000 300,000 200,000 Shipping 100,000 0 Individual Industries Combined Combined Impact – Adjust for Double Counting

  17. Economic Impact of Maritime Sector • Maritime Services: • London is a leading global centre in the supply of business services to the international maritime shipping community. It has a 60% share of the world’s protection and indemnity insurance. • The Oxford Economics study did not investigate the maritime business service sector. It is intended to be included next year. Based on Crown Estate’s (2008) data, Oxford Economics estimates it supported 27,000 jobs and contributed £4 billion to UK GDP. • ‘OneVoice’ – shipping, ports and maritime business services • In 2007, the OneVoice sectors directly contributed £12.7 billion to UK Gross Domestic Product • In total, they contributed around £25 billion to UK GDP. • The OneVoice sectors directly employ 230,000 people. This is 0.8% of all employment in the UK. • In total, they supported around 500,000 jobs.

  18. One Voice Over time the intention is to extend the coverage of ‘OneVoice’ to most, if not all, of the component parts of the UK maritime economy. As that occurs, a proportionate level of economic analysis could be applied to each new sector. However, in the interim.........................

  19. UK Maritime Economy - 2007

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