A new report commissioned by Maritime UK and the Centre for Economics and Business Research (CEBR), shows that the maritime sector is worth almost US$57 billion to the UK economy, making it larger than many other comparable transportation industries, including rail and aerospace.
Nusrat Ghani MP, the UK’s Maritime Minister, has emphasized the importance of shipping to the British economy, describing it as the “lifeblood of global trade” ahead of the launch of London International Shipping Week.
Authorities in the UK have seized almost USD$50 million of heroin hidden in a container at the Port of Felixstowe in one of the biggest drug busts the country has seen. According to multiple reports, which cite the National Crime Agency (NCA), the 400kg haul was discovered hidden under towels and bathrobes when Border Force […]
The UK Government will create up to ten freeports to boost trade and manufacturing after the country’s departure from the EU on October 31, according to plans quoted in Reuters.. The freeports, also known as free trade zones, are also expected to cut costs and bureaucracy and will allow firms to import and re-export goods outside of normal tax and customs regulation.