Since 8th February, 1965, the responsibilities of the Minister of Transport in relation to the shipping and shipbuilding industries have been transferred to the Board of Trade. These responsibilities include the sponsorship of these industries and the administration of the Merchant Shipping Acts.

While the Ministry of Transport retains its responsibility for matters relating to ports, duties relating to H.M. Coastguard, the Marine Survey Office and the Mercantile Marine Offices have been transferred to the Board of Trade..