UK Is World’s Top Maritime Business Hub, Report Shows

first_imgThe UK is the world’s leading maritime business services hub as the country’s companies offering marine insurance, shipbroking, legal services and education contribute GBP 4.4 billion (USD 6.3 billion) to the economy and employ over 10,000 people, UK maritime trade promotion body Maritime London cited a research published by the City of London Corporation.According to the research, an estimated 80-85 percent of its business comes from outside the UK.The UK has a 35 percent share of global marine insurance premiums, 26 percent of global shipbroking revenue, while 25 percent of the world’s maritime legal partners are based in the UK, the UK’s Global Maritime Professional Services: Contribution and Trends report, produced by PricewaterhouseCoopers (PwC), shows.Furthermore, the UK is headquarters for many of the world’s leading maritime law and shipbroking firms, many of whom have expanded internationally by opening new offices across the globe. Also, the UK is the destination of choice for complex risk insurance, backed up by the expertise of Lloyd’s of London, the International Underwriting Association and the UK’s insurance broking community.However, the sector faces a number of threats to its preeminent position. For many years, the UK has not been considered a major area of shipping activity due to its lack of an established major hub port, limited local ownership and shipping activity when compared to the likes of Rotterdam, Hamburg or Shanghai. This disadvantage is not new.Corporation tax set at a higher rate in comparison to some other hubs, problems attaining visas and gold-plated regulation were all cited, as well as the relative cost of doing business in London.The report also identified that the UK should grow its links with mainland China and attract maritime investment by highlighting its strengths as a services hub.In addition, the report recommended that greater support from government is required to encourage young people to consider a career in this area, while companies should invest more in their people and training.“We need the continued support of the government in backing this sector and serious commitment by the industry to play a leadership role. This includes investing in the skills of our workers and promoting the sector and wider maritime industry effectively. We must be bold if we are to maintain our number one status – now and in the future,” Lord Mayor of the City of London Jeffrey Mountevans, a shipbroker with Clarksons, said.For the UK to stay ahead of the curve it would need to look at emerging industry issues such as cyber security, international piracy and new trade routes, the report shows.Finally, according to the report, the UK must work to maintain and protect key pillars of the industry like the Baltic Exchange and the International Maritime Organisation, as well as ensuring London remains attractive for the Greek and other notable international shipping community.“With the maritime industries facing the worst recessions in living memory, this is a pivotal time for everyone involved in the maritime industry and it is clear that the United Kingdom and the City of London…are exceptionally well placed to assist and serve the maritime industry,” Maritime London Vice-Chairman and Partner at Norton Rose Fulbright, Harry Theochari, said.last_img read more

Spirent and Nokia Partner to Accelerate 5G Lifecycle Testing

first_imgSpirent Communications along with Nokia has announced successful deployment of a first of a kind 5G Lab as a Service for Nokia’s Oulu-based network infrastructure testing labs. The 5G Lab as a Service (LaaS) enables unprecedented automation of 5G testing with a primary goal of accelerating Nokia’s releases of virtual network functions and physical infrastructure. It also streamlines the use of shared lab resources across teams and geographies, delivering dramatically improved efficiency and cost savings.The Nokia facility in Oulu has been leading the initial deployment and has chosen Spirent Velocity as their LaaS platform. A unique feature of the 5G LaaS is a self-service portal, accessible by hundreds of simultaneous users across the globe. The portal also supports thousands of devices and tens of thousands of connections for both 5G and legacy infrastructure. Utilizing the portal, Nokia engineers can rapidly spin-up, tear down and reuse 5G hybrid test beds from anywhere in the world. Deployments of the 5G LaaS to additional Nokia facilities are already underway.5G test automation requires integration of a complex mix of layer 1 optical and RF switches, layer 2 and virtual switches, power control units and test management software. The ability to select cables and create RF links between devices that comply with rigidly defined path attenuation requirements is essential. Furthermore, providing automated testing in the 5G LaaS model requires sophisticated functionality to reserve resources, spin up topologies and manage test environment changes. To support the 5G LaaS at Nokia, Spirent has deployed Spirent Velocity, a test orchestrator for hybrid virtual-physical lab environments, which maintains the full state of the lab and automates resource sharing among users.last_img read more

Manager wanted club to sign Arsenal player in January – Transfer…

first_imgJürgen Klinsmann managed Hertha Berlin for less than 80 days before stepping down from as their coach on February 11th. The Bundesliga side made four new additions to their squad in the winter market and the former Germany coach publicly praised Hertha general manager Michael Preetz for his efforts in bringing new faces to the club.Kicker now claims Klinsmann suggested Hertha to sign Arsenal’s Mesut Özil and Lukas Podolski.Podolski was available on a free transfer and he ended up joining Turkish side Antalyaspor in January.Out of the four signings Hertha made last month, only Santiago Ascacibar was approved by Klinsmann. He was disappointed his former employer failed to sign the players he wanted, which included the Gunners playmaker.Kicker explain Klinsmann’s wishes caused ‘controversy behind the scenes’ due to their ‘sense and affordability’ and Sport1, who name the German magazine as the source of their story, add the Bundesliga club would not have met the Arsenal player’s salary demands.It’s to be noted Kicker don’t specify if Arsenal or Özil were ready for the transfer in the winter market, as the player has found himself playing regularly under Mikel Arteta since the Spaniard took over from Unai Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksTrending TodayForge of Empires – Free Online GameIf You Like to Play, this City-Building Game is AddictiveForge of Empires – Free Online GameUndo聽多多 Hearmore.asia1969年前出生的香港居民現可免費試戴頂尖的歐洲助聽器聽多多 Hearmore.asiaUndoSmart Tech TrendOver 55? You Have to Try Those Revolutionary Glasses!Smart Tech TrendUndoCNN with DBS BankThe New Role Banks Are PlayingCNN with DBS BankUndoHero WarsGetting this Treasure is impossible! Prove us wrong!Hero WarsUndoGrepolis – Online Free GameGamers Around the World Have Been Waiting for this Game! Already 35 Million PlayersGrepolis – Online Free GameUndoLoans | Search AdsNeed a loan? Search hereLoans | Search AdsUndoTheTopFiveVPNThe Trick Netflix Doesn’t Want You To Know To Unlock RestrictionsTheTopFiveVPNUndoCosmoHealthyMag21 Celebs Who Are Gay – No.13 Will Shock MenCosmoHealthyMagUndolast_img read more