Archives for September 15, 2021

Maritime’s £56bn UK economic impact revealed at the start of London International Shipping Week

  • New analysis reveals maritime’s significant impact on UK economy at £56.4 billion per annum
  • Comes as global industry converges on Britain as part of London International Shipping Week, promoting status as a world maritime leader
  • Coincides with new government shipping concierge service to attract international maritime businesses to the UK

 

A new study has revealed the significant economic contribution of the maritime industry, contributing more than £56.4 billion per annum.

These 2019 figures represent a 19% increase from the last time statistics were produced for the industry in 2017, which put the annual figure at £47.4bn, higher than aviation and rail combined at the time.

The preliminary Centre for Economics and Business Research (CEBR) findings, commissioned by Maritime UK, come as global industry leaders converge on Britain for the start of London International Shipping Week (LISW), marking the first time the global sector has come together since coronavirus.

The biannual event, backed by Government, is the biggest in the global industry’s calendar, designed to convene industry leaders to chart the sector’s future as well promote Britain’s place as the world’s natural home for maritime.

LISW also coincides with the launch of a new UK Shipping Concierge Service. This new government service will provide a dedicated support service for international maritime businesses thinking of moving to, and growing their business in, the UK. It will link companies to officials across government, representing a step-change in proactive government support for the sector.

The service is the first of its kind in government, set-up to open doors for the global industry to do business in the UK. And through regular contact with these firms, the service will try to identify areas of support currently missing and make recommendations to government to maintain the country’s competitive advantage. 

Maritime UK is one of LISW’s biggest sponsors, hosting events on each day of the week, including jobs and careers fairs to promote the sector to the next generation, with an expected 170,000 jobs bonanza over the next five years because of freeports announced earlier this year.

 

Sarah Kenny, chair of Maritime UK, said:

“On the week global maritime returns to its natural home in London, this new economic analysis shows just how much maritime affects all of our lives.

“We are an island nation and it’s all around us, keeping us supplied throughout the pandemic, creating jobs from our cities to our shores, and in the years to come, becoming the engine room for our green industrial revolution.

“This week we will see how far we have come, alongside the challenges that still remain, from the co-investment required to steer our ships in a green direction, to reaching our full potential of becoming a modern competitive shipbuilding nation.”

LISW kicks off at the London Stock Exchange during the opening of the markets on Monday, at a ceremony led by maritime minister Robert Courts.

It’s the first of more than one hundred events across the City and beyond, which will see HMS Albion, described as the Royal Navy’s ‘Swiss Army Knife’, sail down The Thames, and WWII warship, HQS Wellington, converted into a careers fair for students, kitted with virtual reality displays.

Industry leaders will also join government ministers in an industry roundtable, discussing how to grow from a disrupted economy and decarbonise maritime. And the headline conference will take place on Wednesday, featuring the COP26 High Level Champion, Nigel Topping. 

 

ENDS

 

ATPI Marine & Energy and Qatar Airways open London International Shipping Week

As the industry looks ahead to its recovery, specialist travel management company, ATPI Marine & Energy, in partnership with Qatar Airways, has today kicked off this year’s London International Shipping Week (LISW21) by opening the London Stock Exchange.

The week-long event will be the largest and most important LISW to date, hosting up to 160 in-person, hybrid and virtual functions. This year’s theme of ‘Driving Growth and Recovery in a Disrupted World’ will explore how the shipping industry can balance its post-Covid recovery with its desire for growth.

Now is the time to look to the future and assess how companies can remain relevant in tomorrow’s world of shipping as it begins to live with Covid. The industry is changing, with the global pandemic pushing environmental factors front-of-mind, and with 2030 just around the corner – now is the most important time to be planning for the future of the industry.

ATPI’s Nikos Gazelidis, chief commercial officer marine division, said of the event: “London International Shipping Week continues to be the most prestigious event in the global shipping and maritime industry calendar and we are honoured to be opening the London Stock Exchange with Qatar Airways today. Following a difficult year for the industry, we’re excited to be looking to the future and how we can continue to navigate the challenges of modern-day shipping. Ensuring cost, efficiency, and more importantly – safety and environmental impact, are at the forefront of every decision”.

Thierry Antinori, chief commercial officer at Qatar Airways added: “We are proud to partner with ATPI Marine & Energy to open the London Stock Exchange at the beginning of London International Shipping Week 2021. Throughout the pandemic, we have worked closely with ATPI and the maritime industry to operate as many flights as possible to facilitate crew changes and to reunite seafarers with their families and loved ones. We look forward to further strengthening our partnerships with the maritime industry and supporting the recovery of this vital industry.”

As a global leading expert in travel for the marine, energy and resource industries, ATPI is continuously investing and seeking solutions to improve the human logistics of the crew change cycle. With deep-rooted expertise in crew rotation supported by 24/7 service and innovative technology, ATPI Marine & Energy is actively engaged to develop a more proactive, fully integrated, seamless crew change ecosystem, to ensure the safe passage of seafarers for years to come.

Further information about LISW21 can be found on the dedicated event website: www.londoninternationalshippingweek.com

For more information on ATPI, see www.atpi.com.

– ENDS –

ABS Launches Industry-First Simulation Decarbonization Service

(HOUSTON) In an industry first, ABS has launched an advanced service using sophisticated modeling and simulation technologies to assess the impact of a wide range of vessel decarbonization technologies at the design stage as well as simplifying EEXI and CII compliance.

The SIM-based Energy Efficiency Evaluation Service will allow both newbuild vessels and existing vessels to compare different design and operational options and evaluate the performance impact of adding new technologies.

This is just the beginning for the service, with an update due next year adding CII compliance planning, allowing time to prepare for any required retrofitting and modifications to the fleet.

“Just as simulation is being used in automotive design to decarbonize vehicles, shipping must embrace new ways of seeing things to bring forward innovation for greener vessels. At ABS we can now use advanced simulation and modeling to assess new concepts in design, engineering and operations while a vessel is in its design stages, allowing ship owners and shipyards to make more informed decisions. We believe simulation is a technology with the potential to make a significant contribution to the decarbonization of our industry, and ABS is leading the way by beginning to realize those gains today,” said Christopher J. Wiernicki, ABS Chairman, President and Chief Executive Officer.

For newbuilds at design stage, SIM-based Energy Efficiency Evaluation Service supports propulsion system design optimization, providing system level assessment of the fuel consumption of a vessel, supporting life-cycle cost analysis as well as detailed design comparison and equipment parameter optimization. For existing vessels, the service assists with evaluating the retrofitting options and operational changes to reduce fuel consumption and maintain compliance with regulations.

The launch of the service follows the announcement of a joint development project between ABS, Hudong–Zhonghua Shipbuilding and Wärtsilä using advanced multi-physics modeling and simulation to support development of a flexible, future-ready and modular concept for a multi-fuel electric Liquefied Natural Gas Carrier (LNGC) vessel.

More information on the ABS SIM-based Energy Efficiency Evaluation Service is available here.

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