Overcoming uncertainty in the maritime sector
The marine industry is vital to the UK economy, contributing a total turnover of £116 billion in 2019. However, recent events such as Brexit and the conflict in Ukraine, combined with growing environmental concerns, severe skills shortages and changes in the industry, have led to disruptions in trade flows, which have shrunk significantly over the past few years. Also read: Maritime transport cuts sulphur emissions, but with it comes negative climate impacts According to a new report from QBE, the marine industry will decline by 8.5% in 2024, the worst decline since 2016 (excluding the 2020 coronavirus pandemic). Danny Peachey, HTL Group Great Yarmouth manager, said: “Despite the recent challenges facing the shipping industry, the report shows a bright future, with the decline narrowing to 0.4% in 2024 and a small increase of 0.8% expected in 2025. “To achieve this, we must embrace the changes required by the sector as a natural consequence of its evolution. Addressing the STEM skills…
Explore the latest exhibition information and industry trends at ASAP Expo Magazine. Your one-stop platform, bringing together global exhibition highlights, industry trends and in-depth analysis, to help companies accurately connect with the market and seize business opportunities.
