Economic value of English law | Oxera

A1.1: Maritime sector

Published: October 5th 2021
Chapter A1

A1.1: Maritime sector


The maritime sector comprises various interlinked industries such as shipping, ports, and marine and maritime business services. It covers the transportation of freight and passengers, the physical building of vessels, and the operation of ports. It also includes a large industry of maritime business services, from shipbrokers to finance providers and insurers. Much of these activities are internationally mobile, though currently the UK is a leading global maritime hub, and English law is the leading choice for shipping and associated commercial contracts