SMI launch Annual Review of the Marine Science and Technology sector
The Society of Maritime Industries has launched its eighth survey focused on UK companies operating in the Marine Science and Technology sectors.
The report aims to provide an insight into current business activity in terms of market sectors, market size and business confidence, both current and forecast.
The survey was conducted at Oceanology International, the trade show held in London in March 2016 which hosted over 500 companies representing the world's leading ocean technology suppliers and service providers.
Highlights from the report are:
* Commercial Marine Science and Technology (MST) appears to be entering a period of stabilisation following the depression which has resulted primarily from the reduced price of oil.
* MST companies contribute, on average, over £1.6bn/year to the UK economy with most of the companies exporting worldwide to a total annual value of £770m.
* Market diversity is wide and includes oil/gas, renewable energy, environment, ports/harbours and military.
The 2016 Annual Review of the the UK Marine Science and Technology Sector can be found at the following link:
http://tinyurl.com/h9m2lcw
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