Page 28: of Marine Technology Magazine (November 2016)

Brexit “Brexit”

What’s in store for the subsea sector?

By Kira Coley

The UK subsea industry has grown by 40% over the past It is likely that, for the foreseeable future, the European three years and now holds almost half of the global market. market will remain uncertain as we wait to see if industrial

The EU referendum has plunged the industry into uncertainty links between the UK and Europe remain connected. For now, and the UK must now wait to see how June’s historic vote mixed responses throughout the sectors create further uncer- shapes the future of one of its fastest growing sectors. The tainties as companies on all levels attempt to carry on with interconnected nature of subsea, renewables and offshore ac- business as usual.

tivities makes predicting impacts even more dif