A recent study conducted in the UK, reported that the shipping trade has grown, at a growth rate that more than doubled Britain’s economy; in the last decade. This represents about a third of the country’s total GDP.
“This rapid rise in the value of goods shipped in and out of our ports represents a real renaissance for maritime Britain … Shipping is of vital and growing importance to the UK economy, and valuable cargo must be protected at all costs; with such a significant proportion of our economy literally at sea.”- Global Cargo Development Manager, at RSA.
Perhaps the cause of the increase, Asia has surpassed North America as Britain’s number two trading partner, growing by a strong 23 percent; over the last decade. Regardless, from shipping lines to container investment companies, industry stakeholders and private investors are encouraged by the trend upward; and appear confident in the projected forecasts.