The UK has been one of the most prominent hubs in the field of global maritime services for many decades, particularly excelling in marine insurance, shipbroking and shipping finance.
However, as international economic uncertainty looms, the country is facing increasing competition from prospering shipping centres such as Singapore and China, where trade is catalysing local markets and creating a demand for innovation across the sector.
This is the verdict of a recent report by UK industry...
https://www.ship-technology.com/features/state-of-uk-maritime-sector/