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

Frontline appoints Macleod as new CEO

Crude oil tanker firm Frontline, part of shipping tycoon John Fredriksen's business empire, appointed Robert Hvide Macleod as chief executive to replace Jens Martin Jensen, the firm said on Monday.

BHP Bullish on Caval Ridge's Prospects

Yesterday BHP Billiton Coal President, Dean Dalla Valle, was joined by the Hon. Tony Abbott MP, Prime Minister of Australia, and joint venture partner Mitsubishi in a ceremony to open the US$3.

Vice Presidents Rejig at Caterpillar Inc

Following the previous announcement regarding two group presidents’ retirements and new responsibilities for another group president, Caterpillar Inc. (NYSE: CAT)

Shipbuilding

Rolls-Royce to Design, Equip Stern Trawler for Ramoen

The Armon shipyard in Gijón, Spain has entered into a contract to build a new Stern Trawler for the Norwegian fishing company Ramoen. The vessel will be a Rolls-Royce design,

Frontline appoints Macleod as new CEO

Crude oil tanker firm Frontline, part of shipping tycoon John Fredriksen's business empire, appointed Robert Hvide Macleod as chief executive to replace Jens Martin Jensen, the firm said on Monday.

Austal Launches 5th CCP Boat

Austal launched yesterday its fifth in-series Cape Class Patrol Boat (CCPB) at the Company’s Australian Defence Facility in Henderson, Western Australia. Cape

News

Rolls-Royce to Design, Equip Stern Trawler for Ramoen

The Armon shipyard in Gijón, Spain has entered into a contract to build a new Stern Trawler for the Norwegian fishing company Ramoen. The vessel will be a Rolls-Royce design,

Frontline appoints Macleod as new CEO

Crude oil tanker firm Frontline, part of shipping tycoon John Fredriksen's business empire, appointed Robert Hvide Macleod as chief executive to replace Jens Martin Jensen, the firm said on Monday.

Autonomous Technology for Offshore Wind Farm

ASV Ltd in association with Planet Ocean Ltd, have received funding from the GROW:OffshoreWind initiative to investigate how the use of Autonomous Surface Vehicles

People in the News

Frontline appoints Macleod as new CEO

Crude oil tanker firm Frontline, part of shipping tycoon John Fredriksen's business empire, appointed Robert Hvide Macleod as chief executive to replace Jens Martin Jensen, the firm said on Monday.

Saudi Oil Pipeline Set Alight

A "limited fire" broke out on a subsidiary oil pipeline in eastern Saudi Arabia on Saturday after assailants fired shots at a security patrol, the state news agency SPA said.

Maduro Says Venezuela's 2015 Budget to Put Oil at $60

Venezuela's 2015 budget will be based on a target oil price of $60 dollars per barrel, President Nicolas Maduro said on Friday night, but he repeated expectations that prices will recover.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
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: 0.3375 sec (3 req/sec)