Maritime Market
London is unmatched when it comes to maritime services. The sector achieves overseas earnings of more than £1.3 trillion a year in the face of fierce international competition. Business is broad-based, covering everything from marine insurance to ship broking and finance to dispute resolution.
- London is home to 400 shipbroking firms.
- Maritime sector earnings grew 25 per cent between 2002 and 2006.
- London has the largest share of net premiums in the world for marine insurance –24 per cent in 2006.