UASC cautions that while lower crude oil prices could drive consumer demand, environmental regulations could take the edge off gains for shipping companies.
"Crude oil price is one thing, the price of fuel oil is another thing," Jørne Hinge, president and ceo of United Arab Shipping Company (UASC) told the keynote session at Seatrade Middle East Maritime in Dubai. Despite there being an expected drop in the price of crude oil, " there is a timetable for us to burn cleaner and cleaner fuel, therefore there will be a price increase to the consumer per unit."
Hinge warned that even with a weak oil price, cost increases could still find their way to be passed on to consumers as container lines burn ever cleaner and more expensive fuels.
"We have two areas now where we have the ECAs in service from January next year where we can only burn fuels of 0.1% sulphur, this basically means traditional heavy fuel is out of the question and we must burn diesel or gas oil fuels, so there is a price increase for everybody."
UASC is due to start taking delivery from Hyundai Heavy Industries later this year of its fleet of newbuild container vessels, including the world's first LNG-ready 18,000 teu ultra large container vessels.
"And this is just the beginning, we know that from 2020 right now the IMO directive is to burn only 0.5% fuel, so there will be an increase to the consumer regardless of the crude price."
Seatrade Middle East Maritime opened today in Dubai and runs until 30 October at the Dubai International Exhibition and Convention Centre.
After China voted against the P3 alliance of the world’s largest containerlines, the industry is waiting to see what Beijing has to say on 2M, the vessel sharing agreement between Maersk and MSC. The powerful China Shipowners’ Association, which has been vocal in its opposition to both the Vale megabulkers calling China and the P3, has given its opinion on 2M to the government, saying it is vital container shipping has greater competition.
“China didn’t support the establishment of P3, it is hard to say whether the Chinese government will approve 2M or not,” Zhang Shouguo (pictured), the director of China Shipowner’s Association told SinoShip News in an exclusive interview.
“The cooperation model of 2M is different from P3,” he pointed out, before adding: “Alliances are necessary for the shipping industry to improve efficiency and services, however competition is needed.”
Maersk and MSC have received approval from US authorities to set up 2M. Some 185 ships will be included in the tie up. The proposal is still waiting for approval from China and the EU.
Cementing its position as the second biggest maritime show in China, Shiptec China 2014 kicked off today with a record turnout in the northeastern coastal city of Dalian.
With 430 exhibitors spread over 23,000 sq m, the show, founded in 1992, has also mustered a stronger international presence than any previous edition.
At the opening ceremony, Guo Dacheng, the new head of the China Association of National Shipbuilding Industry (CANSI) admitted, “Currently we are facing overcapacity in shipping and shipbuilding which will not be solved in the near future.” Guo added that Beijing had taken recent active measures to counter this overcapacity issue.
Also speaking at the opening ceremony, Liu Wen, Dalian’s deputy mayor, said shipbuilding was entering a “crucial period of revitalisation and upgrade”. He said Dalian’s combined annual shipbuilding capacity had now hit 10m tons.
Date has been set for the next year’s Offshore Energy Exhibition & Conference. The event will be held on October 13 and 14, 2015. Save the date and join tens of thousands international professionals again at the meeting place for the offshore industry in Amsterdam.
Offshore Energy is an annual event focused on the complete offshore energy industry.
It covers both the exploration and production of the conventional energy resources oil & gas and the renewable part of the energy mix: wind, wave and tidal energy.
The exhibition floor is the meeting area for over 10,000 visitors and 500 supply chain companies displaying their products and services, and the extensive conference program addresses the technical, operational and commercial challenges associated with industry growth.
In technical sessions, C-level panels and master classes an international faculty of speakers and their audience share their insights on the ever changing market challenges.
More info about Offshore Energy, including this year’s event on 28 & 29 October 2014, can be found at www.offshore-energy.biz
Welcome to Shiptec China 2014 - the 11th International Shipbuilding, Marine Equipment and Offshore Engineering Exhibtion for China and the Most Important Maritime Exhibition of 2014 in China
Since the start in the early nineties, the SHIPTEC CHINA exhibition in Dalian has grown steadily and will be the most important maritime exhibition in China in 2014. It is a natural reason for this: top China shipbuilders and offshore construction sites in the surrounding Bohai area are attracting people from all over the globe to make business in the north-east. Shipowners, oil companies and the whole industry come to buy and to sell. CSSC has also found its way to SHIPTEC from 2012 onwards, confirming the high importance of this exhibition, which enables SHIPTEC to cover the market in Yangtze River Delta where Shanghai is located.
•Over 500 exhibiting companies;
•20,000 professional visitors;
•25,000 square meters;
•Stronger presentation of Chinese ship & offshore yards;
The Show Progress
Over 65% of the space has been booked or reserved. Confirmed pavilions include China, South Korea, Japan, Norway, Denmark, Germany and the Netherlands so far.
Stronger Chinese Yards
This year’s event will feature increased participation from those Chinese shipyards that have received over 80% of the ship and offshore platform orders placed in China. CSSC has confirmed its further participation in the exhibition, while CSIC, COSCO Shipbuilding, CSC Shipbuiling, CIMC Raffles and China Shipping have recently confirmed their participation, too.
“Conferences, to be run in parallel with the exhibition, are an important part of Shiptec China. The key forums and seminars that are planned will reflect the current situation in the maritime industry. In the program, Offshore Forum China, jointly hosted by CANSI, Innovation Norway and Danish Marine Group, is highly expected.
Oceanology International China 2013 (OI China 2013) was successfully held at Shanghai International Exhibition and Convention Center during September 3 - 5.
On the strength of more than 40 years’ industry experience garnered at the Oceanology International, OI China 2013 attracted over 190 enterprises from more than 20 countries and regions. During the exhibition, a total of 4,296 domestic and overseas professional visitors showed up. By showcasing homegrown and international top technologies and equipment, OI China set itself the goal of becoming the foremost professional exhibition of marine science and technology in Asia, and it promotes academic research, information exchange and international cooperation in the fields of the development and utilization of marine resources, marine ecological environment protection, offshore oil and gas exploration, ocean engineering and marine monitoring in China, Asia and the world.
Oceanology International Opens Its Door to China
Oceanology International China is the only forum in Asia where industry, academia and government share knowledge and connect with the marine technology and ocean science community, improving their strategies for measuring, exploiting, protecting and operating in the world’s oceans.
Developed with government and industry associations, Oceanology International China will provide organisations with the opportunity to capitalise on China’s rapidly developing offshore energy & marine industries.
Our Identity – Oceanology International
Oceanology International, held in London every two years, is the world’s largest exhibition for marine science and science technology, with over 525 exhibitors from 30 different countries.
Since Oceanology International began 45 years ago, it has consistently extended its reach, attracting an ever-wider range of exhibitors and firmly establishing itself as the marine science and ocean technology community's biggest event.
Oceanology International is a global forum where members of industry, academia and government share knowledge and connect with the marine technology and ocean science community.
By coming together for three days of non-stop productivity, they improve strategies for operating in, measuring, exploiting and protecting the world's oceans. Each year, key practitioners of marine science and engineering descend on London's ExCeL Exhibition Centre to showcase a comprehensive range of state-of-the-art services and technologies.
Once again China tops the bill at the world’s most famous shipping show. Posidonia 2014 kicks off this week with a record showing from China. The Greek event will be officially opened by the Greek prime minister this afternoon.
More than 1,800 exhibitors and some 19,000 visitors from a record 93 countries and territories will attend Posidonia 2014.
The organiser of Posidonia paid particular attention to China in its most recent press release on the exhibition. The biggest national participation belongs to China, followed by Korea and Japan while this year Hong Kong is making a long-awaited comeback after a ten-year absence, the organisers revealed.
Currently the order book is dominated by Chinese yards, with 35% of orders being fulfilled in China, the US is second with 13%. Korea and Singapore are being drawn to the offshore market as vessel sizes increase, spurred by favorable workloads in time and cgt terms. Japan is also becoming a more attractive country to place orders in as the Yen weakens and Japanese shipbuilding quality and slot availability remains high according to Luthwaite. According to the report from China Ship Industry Association, Chinese OSV market will remain its top position in the world and welcome a further prosperity in offshore equipment market in 2014. Under this background, CDMC Events will be presenting the 2nd Asia OSV Summit 2014 on Nov 13,14, 2014 in Shanghai, China.
Key topics to be involved including Analysis of Emerging Offshore Activity in Asia, Demand of Offshore Support Vessels Owners and Operators, Discoveries: Offshore Projects and Future Growth Opportunities and Challenges, Expanding the Boundaries in Deep Water Operations, Offshore Engineering and OSV Operations in the South China Sea, Learn From the E&P Market in the Future Development Direction, Overview of the Offshore Support Vessel (OSV) Industry in Catering for Various Markets and Fleet Management and the New Development Strategy and etc.
Partial previous attendees are from Seatronics, Expro Group, Sumitomo Corp, Prosafe Offshore Limited, Alatas Crane Services Worldwide Hong Kong Ltd, Oceaneering International Inc, Scottish Development International, Braemar Technical Services (Offshore) VN, Tenaris, Nippon Steel Engineering Co., Ltd, MES-Engineering VietNam JSC Co., PT AIG Insurance Indonesia (AIG) and etc.
The conference enjoyed good reputation from last edition, delegates from Zamil Offshore commented:” Asia Offshore Support Vessel Summit 2013 held in JW. Marriott-Kuala Lumpur June 20-21 was a good opportunity for Zamil Offshore to meet offshore marine industry players from not only from South East Asia but also from different global companies. The summit topics as well as the form constituted good platform for exchange of technical performance and market trends information”, “Very well-organized conference with a pleasant atmosphere. I greatly appreciated the good networking platform the conference provided” Delegates from Wartsila.
Under the theme of tackling the opportunities of OSV industry development, more than 330 Offshore Support Vessel senior management personnel will attend the upcoming conference, more than 25 International Speakers will share their opinions, 20+ Sessions will be conducted, 40 one-on-one Partnering Meetings, 3 Roundtable Discussions as well as the Award Ceremony will be made.
The event will address ever-changing industry trend relevant to ship-owners, shipbuilders and energy companies. In an innovative interactive format, this summit brings you professional information and personalized commercial solutions to help connect different players in the OSV ecosystem.
CDMC, Contact:Elva QIU, Email:email@example.com
Engine manufacturer Wartsila is continuing to build up its presence in China as more complex vessels are manufactured by the country’s shipyards.
“From 35 years of success and growth in China we have a long history and presence in China and we are still expanding on that,” Hans Laheji, area sales director for Wartsila Ship Power, told a media briefing at Marintec China 2013 on Monday.
Laheji noted the shift the company was seeing by Chinese yards to building more high value vessels in sectors such offshore marine. “More complex vessels are being manufactured in China,” he said.
Such projects require greater on the ground support and he said: “We have at this about 50 people in project management, engineering and application support here in China to be close to the customers and where the vessels are built.”
Wartsila is also building on its physical presence in China which now consists of two fully owned factories, five joint ventures, eight licenses and eight service centres. “This local presence is very important,” he said.
In June 2011 the company added controllable pitch propeller manufacture to its 55/45% joint venture between Wartsila and CSSC. “We build now the majority of propellers here in China,” Laheji said.
Next year a new site in Zhuhai will start operations in where the company is going to manufacture a range of four-stroke engines with annual capacity of 400 units per year.
As an effort to expand exports of medium and small sized promising companies in shipbuilding and offshore industries, Ulsan City of Korea dispatches six enterprises including Shin Hung Precision Ind. Co. and etc. to ‘Marintec China 2013’ held in China during December 3-6, jointly with Ulsan Economic Promotion Agency.
As one of the world’s top five exhibitions, ‘Marintec China 2013’ will run 6,000 booths participated by 1,265 companies from 32 countries around the world, such as the US, Germany and so on.
The dispatched enterprises are Shin Hung Precision Ind. Co., USIS, ACE engineering, NET, LUXCO, Daehwa Engineering and so on.
Particularly, 11 enrolled students from University of Ulsan, who were chosen during industry-university co-operated curriculum for training technology-specialized translators, will accompany the dispatched enterprises to take charge of promoting their products and technologies, consulting with buyers and so on.