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

People & Company News

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

U.S. Navy Contracts 12 Rapid Response Skimmers

Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019.

DP World Receives 1st Scheduled Vessel at New Terminal

DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility.

Shipbuilding

Rederij Groen Takes Delivery of 7-Waves

Rederij Groen’s entire SRSV fleet built by Damen Maaskant Shipyards Stellendam. Dutch offshore services company Rederij Groen has taken delivery of the 7-Waves,

De Beers Orders Specialized Ship from Kleven

Kleven signed a contract with diamond company De Beers Marine Namibia, part of De Beers Group, on the building of a highly specialized vessel for deep water mineral exploration.

FMT Options for another Towboat from Eastern

Eastern Shipbuilding Group, Inc. announce that Florida Marine Transporters, Inc. of Mandeville, La. exercised another additional 90’x32’x10’ “Canal Class” Inland

News

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

UN Authorizes Ship Inspections Near Somalia For Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

Clean Marine Wins New Contract

Clean Marine has been selected by Hyundai Mipo Dockyard in South Korea to supply exhaust gas cleaning systems (EGCS) for two new MR tankers. IMO’s convention

People in the News

Total CEO Plane Crash: Russian Prosecutors Detain More Suspects

Russian prosecutors detained four Moscow airport workers and denied bail to the driver of a snow plough which hit a private jet killing the CEO of French oil company Total earlier this week,

Chief of Naval Personnel Visits Naval Special Warfare

Chief of Naval Personnel (CNP) Vice Adm. Bill Moran visited Naval Special Warfare (NSW) Sailors during an all hands call on Joint Expeditionary Base Little Creek-Fort Story, Oct.

EUCAP Nestor Train 30 Somali Coast Guards

On 21 October, the European Union’s Maritime Capacity Building Mission in the Horn of Africa and Western Indian Ocean (EUCAP Nestor) celebrated the successful completion of a two month Mentoring,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Repair
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: 0.2932 sec (3 req/sec)