Key Maritime Insights Offered at Shanghai Forum

Press Release
Wednesday, October 03, 2012

The International Shipping Strategic Development Forum met in Shanghai for wide-ranging discusion on the shipping industry.

With high profile support from the Lord Mayor of London David Wooton who opened the forum, the event was attended by 450 and brought together some of the UK’s leading maritime professionals and China’s shipowners and charterers.

Key presentations from the forum included:

Economic outlook: Standard Chartered China Chief Economist Shen Lan gave a modest assessment on global economic outlook. She predicts China’s economy will grow 7.7% in 2012 and slightly pick up to 7.8% in 2013, while US’ growth remains soft and European economy’s main risk is to the downside. 

Containerships: Sinotrans CSC’s Vice President Tao Suyun stated that the containership sector may recover earlier than bulk carrier and oil tanker sectors.

Financial leasing: Raymond Yu, Vice President of China Merchant Group noted that financial leasing in China has grown 160 times in the last six years, and there is still great potential ahead as penetration rate is still 3.1%. 

Cruise industry: According to Chris Hayman, chairman of Seatrade Communications, China’s outbound tourism market has more than doubled to 70m in just six years and is on track to become the world’s largest outbound market. Although Chinese passenger numbers are now only approaching 300,000, some 300m Chinese are identified as potential cruise passengers – the equivalent of the entire population of either North America or Western Europe.
Ship technology: BMT Asia’s Mark Yong gave a comprehensive overview on 17 types of new technology and new designs for better fuel efficiency and performance, ranging from hull design, propeller optimizing, solar power to propulsion by wind, and provided solid data validation of their effectiveness on achieving energy saving. 

Ship finance: European banks are restrained due to Basel III requirements, as pointed out by Standard Chartered head of ship finance Nigel Anton, but Chinese financial institutes are determined to remain in the ship finance sector. They are still looking to maintain their shipping portfolio to continue the “love-hate” relationship between shipping and finance, as pointed out by China Construction Bank’s Zhang Xiangqun.

 



 

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

People & Company News

Caltex Replaces Australian Crew

The 36 Australian crew members of an Caltex tanker refusing to set sail after they were told their jobs would be gone after the next run. MR tanker Alexander Spirit (40,

Mombasa Port Workers End Strike

Mombasa, Kenya port workers end strike and returned to work on Friday after being warned they could lose their jobs, reports Reuters.   However the members of

New Binding Law of The Sea Agreement Advanced

WOC Sustainable Ocean Summit (Singapore, 9-11 November 2015) Will Enable Industry to Organize its Input to this Major New Ocean Treaty Development The U.N.

Technology

MSC Geneva Gets Fatter

A revolutionary new option to scrapping for younger panamax containerships deemed too small for a tradelane involves widening the vessel rather than adding length.

New Binding Law of The Sea Agreement Advanced

WOC Sustainable Ocean Summit (Singapore, 9-11 November 2015) Will Enable Industry to Organize its Input to this Major New Ocean Treaty Development The U.N.

Oceans Can’t Take Any more: Researchers Fear Fundamental Change

Our oceans need an immediate and substantial reduction of anthropogenic greenhouse gas emissions. If that doesn’t happen, we could see far-reaching and largely

Shipbuilding

MSC Geneva Gets Fatter

A revolutionary new option to scrapping for younger panamax containerships deemed too small for a tradelane involves widening the vessel rather than adding length.

Grimaldi Orders Three PCTCs

After signing an order for the construction of five new ships two weeks ago, the Italian shipowner  Grimaldi Group has signed another contract for the construction

NITC Claims World's Largest Supertanker Fleet

According to the head of the National Iranian Tanker Company (NITC), Iran has 42 very large crude carriers or VLCCs, each able to carry 2 million barrels of oil, reports Press TV.

Finance

Grimaldi Orders Three PCTCs

After signing an order for the construction of five new ships two weeks ago, the Italian shipowner  Grimaldi Group has signed another contract for the construction

Caltex Replaces Australian Crew

The 36 Australian crew members of an Caltex tanker refusing to set sail after they were told their jobs would be gone after the next run. MR tanker Alexander Spirit (40,

Teekay LNG Partners Declares Distribution

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended June 30, 2015. The cash distribution is payable on August 14,

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Repair Ship Simulators 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: 0.1860 sec (5 req/sec)