Published in
Published in
Report

Maritime Economy

Sep, 2019
View
Summary

The Strait of Hormuz is a stretch of water less than 100 miles long but ongoing geopolitical tensions in the area are already impacting the cruise industry with the potential to spill into wider trade industries. If oil prices rise, what are countries going to do to protect trade and security in the area? The Maritime Economy special report, published in The Times, covers the geopolitical, environmental, and economical changes in influencing the maritime industry. It examines how climate change might create transportation accessibility in the melting Arctic waterways. It explores the future of UK trade economy through proposed customs-free ports, what is required to be a leading maritime nation, and challenges in employee recruitment. Also featured is an infographic looking at how the UK's maritime industry is a fundamental element of the UK economy and is responsible for nearly one million workers.

Infographic

With over nine tenths of national trade facilitated by sea, the maritime industry is a fundamental element of the UK economy, indirectly responsible for the employment of nearly one million workers.