Global Shipyard Executives Meet in Okinawa

Posted by Eric Haun
Tuesday, November 19, 2013
Corrado Antonini (Photo: National Federation of the Knights of Labor)

A global conference for shipbuilding corporate management gathered 74 top executives of the major shipyards from Japan, Europe, China, Korea and the U.S. (JECKU) to exchange views on global economic development, supply and demand prospects as well as important technological and regulatory developments to improve environmental performance of ships.

The conference conclusions by Chairman Kazuo Tsukuda from the Shipbuilder’s Association of Japan highlighted that there are still a number of global economic uncertainties including energy security and the global slowdown of emerging economies. With ongoing adjustments of fleet availability, increased demolition of aged and unprofitable vessels and increasing environmental awareness a gradual recovery is expected in the future shipping market.

It was reported that the first half of 2013 has shown an improvement in the newbuilding market in comparison to the same period of 2012. All delegates expressed a note of caution, by concluding that it is premature to say that the crisis has been overcome and the market is in a phase of recovery. Some of the newbuilding orders, it was surmised, could be considered a rebound from the sharp drop of contracts placed last year.

The European delegation, led by SEA Europe Honorary Chairman Corrado Antonini, emphasized the need for all delegates to give each other mutual encouragement in the face of difficult economic conditions.

“In Europe we are seeing diverging trends in shipbuilding. The number of ships on order has declined since the start of the crisis, although the value of the order book has remained robust,” Antonini said. “Shipyards are competing for scarce orders however ironically enough there is also a scarcity of skilled labor to build the required vessel types. This truly reflects the nature of European shipbuilding, higher value specialized tonnage operating for non-conventional markets.”

Demand for green vessels will not be enough to absorb the overcapacity of the global shipbuilding industry, so all parties will be confronted with hard decisions to rebalance demand and supply, which Antonini said “can only be a good thing for shipbuilding.”

He went on to stress that given the stricter rules coming from the IMO in relation to the environment, all maritime stakeholders including shipowners and classification societies with institutional policy makers need to ensure that there is an effective dialogue to guarantee a proper timeframe for the adoption of rules. Antonini said, “This will encourage ‘first movers’ and stimulate investments into new technologies and ship types whilst acknowledging our collective responsibility for the marine environment.”

Despite differences in opinion in the general views of the delegations on various topics, the gathering of the main industry leaders from around the world is an opportunity to further expand on a common understanding on the developments within the industry.

seaeurope.eu
 

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

NSRP Awards $11m for R&D Project Portfolio

The Executive Control Board of the National Shipbuilding Research Program (NSRP) has selected a new round of research and development projects for award, as part

EXMAR Orders Second FLNG from Wison

EXMAR NV has placed an order for a second Floating LNG Liquefaction Unit (FLNG) at Wison Offshore & Marine. Under the agreement, Wison will be responsible for the turnkey engineering,

Wärtsilä to Power LNG-fuelled RoPax Ferry

A new passenger ferry being built for Swedish operator Rederi AB Gotland will be fuelled by liquefied natural gas (LNG) and will feature a Wärtsilä integrated solution.

News

Teekay Petrojarl Contracts Damen for FPSO Upgrade

Damen Shiprepair Rotterdam (DSR), part of Damen Shiprepair & Conversion (DSC), has been awarded an EPC contract by Petrojarl I LLC for the upgrade of its FPSO Petrojarl I.

NSRP Awards $11m for R&D Project Portfolio

The Executive Control Board of the National Shipbuilding Research Program (NSRP) has selected a new round of research and development projects for award, as part

Sekimizu Welcomes Shipper’s Revised Stance on Ballast Water

IMO Secretary-General Koji Sekimizu has welcomed the reconsideration by the International Chamber of Shipping (ICS) of its position towards the ratification by

People in the News

Sekimizu Welcomes Shipper’s Revised Stance on Ballast Water

IMO Secretary-General Koji Sekimizu has welcomed the reconsideration by the International Chamber of Shipping (ICS) of its position towards the ratification by

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Damen Shipyards Galati wins Dutch Romanian Award

Damen Shipyards Galati has been presented with the Dutch Romanian Business Award for its Corporate Social Responsibility plan, particularly the Group’s community investment initiatives.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.3166 sec (3 req/sec)