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

People & Company News

On USCG Anniversary, Gov. McAuliffe Urges Hurricane Preparedness

Gov. Terry McAuliffe encouraged Virginians to get ready for hurricane season and provided an update on the commonwealth’s preparations Friday at a press conference

Optimized Tug-Barge System Designs by Robert Allan

Optimized Tug-Barge System Designs by Robert Allan Ltd. by David R. Connand Robert G. Allan, P.Eng. Some veteran Mississippi pushboats and barges have been

WKCTC to Host Open House for ILM Institute

West Kentucky Community and Technical College will host an open house and ribbon cutting for the Inland Logistics and Marine Institute August 10 from 4 ­– 6 p.

Technology

WKCTC to Host Open House for ILM Institute

West Kentucky Community and Technical College will host an open house and ribbon cutting for the Inland Logistics and Marine Institute August 10 from 4 ­– 6 p.

NOIA Applauds Senate Passage of OPENS Act

NOIA President Randall Luthi issued the following statement on the Senate Energy and Natural Resources Committee’s passage of the OPENS Act, which will open new

Google Maps Goes Coastal with Unmanned Boat

A new high-tech unmanned vessel, launched with the help of Google, will use innovative technologies from the boatbuilding and mapping fields to map shorelines and

Shipbuilding

MHI: Notice of Absorption-Type Split Agreements

MHI gives Notice Regarding Conclusion of Absorption-type Split Agreements Relating to Transfer of Ship Construction and Hull Block Manufacture Businesses to Two

Fratelli Neri Orders Damen Tug

One of the largest Italian tug owners, Fratelli Neri S.p.A, ordered its first Damen tug, an ASD 3212, on 21 July 2015.   The vessel will be the first ASD tug

Thai Navy Lobbies for More Submarines

The Royal Thai Navy claims it urgently needs more submarines to compete with other Asian countries.   The assistant commander made the claim aimed at persuading

Finance

Diana Shipping Nets 2Q Loss

Diana Shipping Inc. today reported a net loss of $14.1 million and net loss attributed to common stockholders of $15.5 million for the second quarter of 2015, compared to net loss of $5.

U.S. Drillers Add Rigs Despite Crude Collapse

U.S. energy firms added 5 oil rigs this week after putting 21 rigs into service last week, the most in over a year, despite a collapse in U.S. crude prices from recent highs in June,

DryShips Reaches Agreement with Ocean Rig

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Pipelines Pod Propulsion 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: 0.2261 sec (4 req/sec)