{"id":61198,"date":"2015-09-09T08:50:42","date_gmt":"2015-09-09T08:50:42","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=219e98c07d5749e874abc865cface974"},"modified":"2015-09-09T08:50:42","modified_gmt":"2015-09-09T08:50:42","slug":"speech-global-shipping-comes-home-to-london","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=61198","title":{"rendered":"Speech: Global shipping comes home to London"},"content":{"rendered":"<div class=\"govspeak\">\n<p>It is an honour to open the Stock Exchange at the start of London International Shipping Week (7 September 2015), the week global shipping comes home to London.<\/p>\n<p>The links between London, shipping and finance run deep.<\/p>\n<p>Lloyd\u2019s of London was established to provide shipping insurance.<\/p>\n<p>The Bank of England was established to fund a new navy.<\/p>\n<p>And the prices in this stock exchange have long been connected to the movement of the world\u2019s trade by sea.<\/p>\n<p>Today, London is home to a greater concentration of maritime business services than anywhere else in the world. <\/p>\n<p>The UK writes the largest share of all international marine insurance risks, and has more than half the global share of tanker charter business.<\/p>\n<p>With seaborne trade predicted to double by 2030, there is a huge potential for UK growth, especially given that the UK is attracting massive investment in its ports.<\/p>\n<p>Throughout the recession, our ports performed well.<\/p>\n<p>Now \u00a3300 million is being invested in the Port of Liverpool, and investment worth \u00a31.5 billion is planned for DP World\u2019s brand new London Gateway port.<\/p>\n<p>And with last week\u2019s announcement that Nissan will invest a further \u00a3100 million in its Sunderland plant, we can look forward to sustained success for the ports sector.<\/p>\n<p>The World Bank continues to rate the UK as one of the easiest countries in the world in which to do business. <\/p>\n<p>So as the British economy continues its remarkable recovery, I hope to see many more maritime companies listing on the London Stock Exchange, backed by a government creating one of the world\u2019s best business environments. <\/p>\n<p>As proof of that commitment, later today we are launching our <a href=\"https:\/\/www.gov.uk\/government\/publications\/maritime-growth-study-report\">Maritime Growth Study<\/a>.<\/p>\n<p>It\u2019s an unflinching examination of our maritime sector &#8211; its strengths and its weaknesses.<\/p>\n<p>We want our maritime sector to continue to grow and we will do whatever it takes to secure that growth.<\/p>\n<p>The UK is ready for the evolution of world trade and shipping markets over the next decade and beyond. <\/p>\n<p>So it was a great pleasure to open trading this morning, at the best stock exchange in the world, and the perfect setting to start Shipping Week.<\/p>\n<p>Thank you.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>At the start of London International Shipping Week 2015, Shipping Minister Robert Goodwill opens the London Stock Exchange.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/61198"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61198"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/61198\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}