The Maritime Cluster
Not having direct access to the sea does not bar Luxembourg from being present on the seas and oceans of the globe. Since the establishment of the Maritime Act in 1990, when ships started to navigate the seven seas under the Luxemburg flag, the country has over time developed an attractive and reliable jurisdiction for shipping. Luxembourg’s legislation has constantly evolved in order to encourage the development of various activities around maritime affairs.
In 2004, the Luxembourg Maritime Administration was placed under the authority of the Ministry of Economy and Foreign Trade. Numerous synergies involving the financial, insurance and logistics sectors have since then emerged and lead to the creation of the Luxembourg Maritime Cluster in 2008.
The Maritime Cluster was founded by 16 members where Deloitte Luxembourg is a cofounder and a member of the board of directors. The Luxembourg Government and its main economic players created the Luxembourg Maritime Cluster in order to make a contribution to the development, visibility and effectiveness of the maritime sector and of its related services in Luxembourg and abroad.
The Maritime Cluster consists of ship owners and ship operators, its related supplier of services, such as banks, lawyers, audit & accounting firms as well as tax advisors. The pursued aim is to create strong synergies and strategic alliances which may intensify the flow of ideas and information and implement promotion and communication strategies in Luxembourg.
In less than 20 years, the Luxembourg maritime legislation has proven its effectiveness and the Luxembourg shipping sector continues to grow, even in an environment of a continuously changing global economy.
Through its strong presence in the heart of the Luxembourg shipping business and through the understanding of needs, expectations and business challenges of the shipping industry, Deloitte with its professionals focusing on the maritime activities, provides high quality services to market players.
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