The European Community Shipowners’ Associations (ECSA) has unveiled research by Oxford Economics showing the marine sector contributed an estimated EUR 147bn ($164bn) to GDP in 2013.
And the study claimed that for every EUR 1m generated directly, the industry creates another EUR 1.6bn elsewhere in the European economy.
Shipping provides jobs for 2.2m people at sea and onshore, more than the airline sector, and direct employment has grown 25% between 2004 and 2013.
ECSA
