SMM Hamburg Ready for a New Beginning

Posted by Michelle Howard
Thursday, February 13, 2014

At the SMM Ship Finance Forum just ahead of SMM, the leading international maritime trade fair hamburg, experts will discuss the potential and prospects for new ship financing models.
 


In spite of low newbuilding prices, the total number of ship orders is declining around the world. Financing difficulties are part of the problem, and new concepts are in demand to revitalise the market. "In ship finance we have to address two separate issues: On the one hand, we need to put the fleet in service on a more solid financial basis. After a five-year double crisis – one affecting the financial, the other the shipping markets – that may be a tall order. On the other hand we need to finance new tonnage to be commissioned over the next few years. In the wake of the crisis, this often calls for new partners and new conditions," said Dr. Max Johns, Managing Director of the German Shipowners Association (Verband Deutscher Reeder, VDR) and member of the Advisory Board of SMM, the leading trade event for the global shipping industry. Held biennially, SMM (9 to 12 September 2014) is a major gathering place for the Who's Who of the maritime business.



Distinguished Experts

Under the motto, "A New Beginning", the Ship Finance Forum 2014, held one day ahead of the fair, will address global financing issues facing the shipbuilding and shipping industries. Top-flight industry experts will discuss current opportunities and challenges. "The Ship Finance Forum has become an essential event in the maritime calendar. Through its close affiliation with SMM it enjoys excellent visibility as Hamburg assumes its role as the undisputed world capital of shipping," says VDR Managing Director Johns who also teaches Ship Finance at the Hamburg School of Business Administration (HSBA).
 


The motto of the event highlights the sense of anticipation growing in the industry: "SMM is a major technology trend-setter for the shipping industry: We are dealing with enormous challenges, such as the emission control areas and the ballast water convention. SMM will surely offer inspiring insight on both topics," Johns assures. After all, both of these challenges are associated with substantial capital investments.
 



Three Overarching Topics

The SMM Ship Finance Forum will focus on three overarching topics: The first part will look at current developments in the German market. US investors are entering the German market in increasing numbers, primarily seeking to invest in newbuilding projects. Yet, conventional bank financing schemes continue to be in demand, as well. A Norwegian-German group of investors has established a new ship financing bank recently.



The second topical segment, titled "Shipyards: Financing Shipbuilding, Financing Exports", will examine the efforts of many shipyards to finance exports. Part 3 ("Global Financing Trends – Bonds, Leasing, IPOS") will highlight alternative financing models in the market which compete with traditional schemes.



Blue Sea – Blue Wonder

The SMM Ship Finance Forum will also address the protection of the maritime environment. SMM, as the leading global maritime trade fair, has adopted the logo of the German Federal Government's initiative "The Sea, Our Blue Wonder". The ambiguity of the German term "blaues Wunder", blue wonder, which also means "shocking experience", alludes to the threatened maritime environment. The initiative awards projects across all of Germany aimed at raising awareness of the importance of healthy seas for the global climate, the economy and the well-being of humanity. In 2014, Germany will host the annual "European Maritime Day (EMD)" for the first time, providing an excellent opportunity to encourage the public discussion of maritime policy, biological diversity and the complexity of maritime ecosystems and their interaction with human civilisation. This topic will figure prominently in both, the SMM Ship Finance Forum and the SMM itself. "I am convinced we will see innovative technologies and surprises at the fair once again which will bring about further advances in ship efficiency and environment protection," Johns said.



From national and international players to the future role of banks and investors and the consequences of new environmental regulations, the SMM Ship Finance Forum in Hamburg will address all major issues concerning the ship finance sector.

 

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Norwegian Car Carriers to Buy Two from Hyundai Samho

Oslo-listed Norwegian Car Carriers (NOCC) has signed a contract with Hyundai Samho Heavy Industries for the construction of two 6500 ceu Pure Car Truck Carrier (OCTCs).

Boatbuilding in China

While much of the focus on coverage of the Chinese shipbuilding industry is on big shipbuilding, Maritime Reporter switches gears this month to explore activities in select boatbuilding sectors.

HMS Prince of Wales Bridge Sets Sail

The bridge section of the second Queen Elizabeth Class aircraft carrier set sail today from Glasgow on its first sea voyage to Rosyth.   Upper Block 07 is where

Finance

Norwegian Car Carriers to Buy Two from Hyundai Samho

Oslo-listed Norwegian Car Carriers (NOCC) has signed a contract with Hyundai Samho Heavy Industries for the construction of two 6500 ceu Pure Car Truck Carrier (OCTCs).

Long Beach, Los Angeles ports host forum to gather input

More than 100 cargo owners, trucking firm leaders, longshore labor, marine terminals and other goods movement industry representatives turned out Wednesday for

Venezuela Probes ex-minister accused of corruption in Ferry Deals

A former minister in President Nicolas Maduro's government denied in an interview published on Friday accusations of corruption during the purchase of three

News

5th Floating Accommodation for Lerwick

A further accommodation ship, Ocean Atlantic, is due at Lerwick on Monday 27 April 2015 and is on its way from Portland in Dorset. As with the other floating accommodation at the port,

Double Order for Super Gloria Reachstacker

Kalmar, part of Cargotec, has gained an order for two Super Gloria reachstackers from Tadarsa Logistics S.L. in Aviles, Spain. The largest reachstackers ever built,

Goliat FPSO in Norway

The Goliat FPSO was successfully floated off the heavy-lift vessel, Dockwise Vanguard, in the fjord outside Hammerfest, says Eni Norge    The Goliat platform has arrived in Hammerfest,

Vessels

5th Floating Accommodation for Lerwick

A further accommodation ship, Ocean Atlantic, is due at Lerwick on Monday 27 April 2015 and is on its way from Portland in Dorset. As with the other floating accommodation at the port,

IMO Calls for Environmentally Sound Ship Recycling in Bangladesh

The  International Maritime Organization (IMO) and the government of the People’s Republic of Bangladesh are jointly implementing a project entitled “Safe and

Zim Offers Asia-US east coast service via Suez

Israeli liner carrier Zim Integrated Shipping Services is launching a new service between Asia and the U.S. East Coast via the Suez Canal at the end of May.   The

 
 
Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1957 sec (5 req/sec)