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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Fincantieri Launches Silver Muse

Silver Muse, the new ultra-luxury cruise ship which Fincantieri is building for the ship owner Silversea Cruises, was launched at Fincantieri’s shipyard in Genoa Sestri Ponente.

Swiftships to Procure Patrol Craft Kits for Egyptian Navy

Naval Sea Systems Command (NAVSEA) awards contract to Swiftships for four 28-meter KITs for the Egyptian Navy   On June 28, 2016 Louisiana-based Swiftships, LLC,

Ingalls to Build US Warship LH8

Huntington Ingalls Industries (HII) announced that its Ingalls Shipbuilding division has been selected to build the U.S. Navy’s next large-deck amphibious assault warship, LHA 8.

Finance

Baltic Index Up for Eighth Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued its rise on Friday, for an eighth consecutive session,

Asia-N.Europe Box Rates up 77 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe rose 77.4 percent to $1,206 per 20-foot container (TEU) in the week ended on Friday,

Euronav Share Buyback

Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) today announces that the Company has purchased 192,415 of its own shares on Euronext Brussels for an aggregate price of EUR 1,

News

US Oil Drillers Add Rigs for 4th Week in 5

U.S. drillers this week added oil rigs for a fourth week in five, according to a closely followed report Friday, in the best month of producers returning to the

Vale Sells 3 Valemax Iron Ore Ships to ICBC

Brazil's Vale SA said it has sold three of its giant "Valemax" iron ore ships to a group led by Industrial and Commercial Bank of China, continuing efforts to unload

Fincantieri Launches Silver Muse

Silver Muse, the new ultra-luxury cruise ship which Fincantieri is building for the ship owner Silversea Cruises, was launched at Fincantieri’s shipyard in Genoa Sestri Ponente.

Vessels

Swiftships to Procure Patrol Craft Kits for Egyptian Navy

Naval Sea Systems Command (NAVSEA) awards contract to Swiftships for four 28-meter KITs for the Egyptian Navy   On June 28, 2016 Louisiana-based Swiftships, LLC,

Tallink Christens LNG Ferry Megastar

A new LNG-driven fast ferry Megastar was christened in Meyer Turku shipyard for owner/operator Tallink Grupp. The environmentally sound ship was christened on

Icebreaker Launched for Sovcomflot

On June 30, 2016 a new icebreaking supply vessel (IBSV) was launched for Sovcomflot as part of a long-term agreement with Sakhalin Energy.   Due to be delivered in the fourth quarter of 2016,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Salvage 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: 0.2105 sec (5 req/sec)