Maritime financial services: UK share of global market

This statistic shows the share of maritime financial services for international financial markets supplied by the United Kingdom (UK), by type of service as of 2014. According to the source, the UK is the leading centre in the supply of a broad range of professional and business services to the global maritime community. In 2014, the UK market was responsible for 62 percent of maritime insurance protection and indemnity insurance (P&I Clubs) and for 10 percent of ship finance.

International market share of maritime financial services in the United Kingdom (UK) in 2014, by type of service

Characteristic	Share of maritime financial services
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Release date

November 2016

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Region

United Kingdom

Survey time period

2014

Supplementary notes

* The figures for ship-brokering are estimates. Figure for dry bulk chartering is an average of 30 to 40 percent estimate.

Protection and indemnity insurance (or P&I insurance) is a form of international maritime insurance provided by a P&I Club, a mutual insurance association providing risk pooling, information and representation for members. Typical members include ship owners, ship operators and demise charterers.
Lloyd's Register Group Limited (LR) is a global engineering, technical and business services organization and a maritime classification society owned by the Lloyd’s Register Foundation, a UK charity for research and education in science and engineering.

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