UK Government announced yesterday its intention to increase funding for training and a cross-departmental approach to policy – following a summit of shipping industry leaders hosted by the Prime Minister to discuss UK competitiveness – at the start of London International Shipping Week. This made evident the support of the UK Government to the maritime sector.
Subsea companies across the UK are set to grow by 20% or more in 2013, with some companies anticipating more than 50% growth. During last February a survey of Subsea UK members revealed that 100% of firms are predicting significant growth in the next 12 months. Almost half expect to grow by 30% and a third by more than 50%. Almost 90% of those surveyed saw turnover and profits rise in 2012 with over half reporting growth of 20% and a fifth reporting more than 50% growth.
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Officer of the Watch 