The Export Brief The Export Brief 2 | Page 34

and petrochemical sectors in the Netherlands. Over half the freight transported to and from the Netherlands is carried by seagoing vessels. At seaport terminals, cargos are transshipped for further transport by road, rail, waterways and pipelines. The cabinet wants the port and maritime sectors to be safe and environmentally friendly. At the same time, the government also has strengthened the position of seaports, for example by further developing Maasvlakte 2 in Rotterdam, through new sea locks in Ijmuiden and Ternuezen and investing in roads, railways and waterways that connect to ports. This has boosted the economic growth of Netherlands. Ship Building The Dutch shipbuilding industry has contributed to the economic growth of the Netherlands. There were 3.2 billion euro worth of commercial vessels manufactured in 2008. The output value of the Dutch commercial shipbuilding industry including repair and maintenance has risen by about 80% since 2013 to 3.3 billion euro in 2017. The output pleasure value of the Dutch pleasure craft sector tallies with other European countries and has tripled. The Netherlands account for approximately 7% of the European market. The Netherlands is the current market leader in Europe for certain types of equipment such as dredging vessels and equipment, multi- purpose vessels and offshore vessels. Last year, the Netherlands accounted for a market share of approximately 80% in each of these production areas, whereas, the market share for passenger ships is only 2%. How shipping and maritime transport has influenced the economy of Netherlands. The literature on the importance of shipping to a nation‘s economy is extensive. In both developed market economy countries and developing ones, the arguments have traditionally ranged from those relating to prestige and strategic consideration, to employment, infant industry protection and balance of payment benefits. This study estimates the economic and social impact of the shipping industry across three channels: the direct impact of the shipping industry itself, the indirect impact of shipping firms‘ expenditures on inputs of goods and services from their Netherlands supply chain (such as port services, ship repairs, insurance, and shipping-related financial and legal services); and the induced impact of spending by employees in the shipping industry and