Costas Grammenos News

Working in partnership with industry, the government aims to challenge the sector to think about what it will look like in 2050. This vision will reinforce the development of Maritime 2050, a long-term strategy by the end of 2018 that emphasises the opportunities for the UK maritime sector. The expert panel will offer advice and look strategically at the issues that will be of critical importance to the maritime industry, and all the industries it sustains, up to 2050. David leads the Institute, a professional membership body and learned society, in delivering its many different commitments to the global marine community. The IMarEST…

The shipping industry faces lean times or worse over the next few years, industry experts said at a round table discussion. "I don't see any fat times ahead. I see lean times and perhaps famine," said Alexandros Kedros, a director of Greek company Halkidon Shipping. "It will not be easy... the ability to create assets (ships) will continue to undermine ability to earn a good return on operating those assets," said Peter Stokes head of research at investment bank Lazard Capital Markets. Stokes said most of the shipping industry was not large enough to attract public financial backing and was unable to make adequate returns on capital in the bulk and container sectors.