UK’s economic stability starts at sea, says the CEO of the Chamber of Shipping

Mace | 28th April 2026 | Comment, Policy & Think Tanks, Politics
Rhett Hatcher

Shipping moves 95 per cent of the UK’s trade. Most of the time, this happens smoothly until there is a global crisis, writes Rhett Hatcher, CEO of the Chamber of Shipping

In moments of regional (the Gulf) or global (COVID) crisis, shipping becomes visible in a way the country rarely notices. Supply chains tighten, routes come under pressure, and the system that powers the economy moves rapidly from the background to the centre of national attention. That is where we find ourselves now. Conflict in the Gulf and the impact of this on the Strait of Hormuz show how quickly a regional issue results in a domestic one for the UK. This is one of the most important arteries of world trade. When it comes under pressure, vessels are delayed, energy shipments face uncertainty, and the UK’s economic rhythm is disrupted almost immediately. What is often treated as distant geopolitical risk suddenly becomes a direct challenge to national economic stability. Seafarers feel this strain long before anyone else. They keep goods moving through areas of heightened risk while facing increased threat levels, longer rotations at sea and greater uncertainty about what lies ahea...

Subscribe to The Mace

Join the member community shaping British politics and stay ahead of what's really happening in the world of politics and public affairs, with expert analysis, breaking news, and insider insights from Westminster and Brussels. The Mace is the leading news source and resource for the government affairs industry, offering required reading and lobby intelligence for professionals.

To see what you are missing out on by not subscribing to The Mace, click here to download our full membership info-pack. This includes having no paywall on op-ed content or profiles/interviews, allowing professional profiles to be read with maximum impact and visibility by government, special advisers, MPs, peers, civil servants, and policy and political decision-makers.



Doomed to succeed

François Valentin and Jorge González-Gallarza | March 8, 2022

The euro may have fallen short of its objectives, but on its 20th birthday its survival inspires calls for further European integration

How will the war in Ukraine end?

Lucy Kenningham | March 7, 2022

Finnish Ambassador to the UK Jukka Siukosaari reveals the Finnish insight on Russia and speculates on how the conflict will end

Reworking labour rights

Richard Milsom | March 4, 2022

The Malaysian palm oil industry is one of many making strides towards stamping out forced and trafficked labour

Calling time on ‘just in time’

Mace | March 2, 2022

Biden’s executive order to reshape the supply chain might foster improved transatlantic trade relations with the European Union

Cold War II

Lucy Kenningham | February 28, 2022

Lord Hannay on the invasion of Ukraine

How to preserve European unity

Hilde Vautmans | February 23, 2022

There may be dissent within the EU – but key changes and a new mindset can yet win the day

The Met & The Mayor

Lucy Kenningham | February 19, 2022

The political and cultural crisis surrounding London's police force has shone a light on an intolerable governance system

Who’s ready to regulate social media?

Tamás Orbán | February 18, 2022

Social media is an obstacle to free speech

Why start ups are the flavour of the month

Daniel Dalton | February 9, 2022

The future’s bright for startups – especially if the UK and EU can work together and rise to global challenges

Pets on parade

Lucy Kenningham | February 7, 2022

There’s nothing quite like the description “animal lover” to engender good will towards politicians