Wonderful speeches from World Shipping Summit (China) 2014

2014-11-06

How can the global shipping market survive under the economic new normal? World Shipping Summit (China) 2014 focuses on hot issues of shipping market and carry out further discussion. The talks below are reported by CNSS journalist.

Albrecht Grell,Executive Vice President and Director Maritime Advisory, DNV-GL Group

Global shipping industry is under much pressure and it has spread to the overall value chain. The pressure cannot be eliminated in short-term. It seems that the key problem for the industrial development is how to improve efficiency of shipping market in the future. The development of shipping industry will focus on technology innovation including improve fuel efficiency, equipment modification, win-win with relevant stakeholders, all of which can be solved through innovation.

Zhuang Wei, China Liaison Officer, BIMCO and General Manager, BIMCO Shanghai Centre

BIMCO is prepared for electronization innovation, offering an electronic communication platform. In this platform, shipping operational management information or more can be found, including holidays of destination port, possible sanction warnings from trade partner market. Other services also can be offered such as ballast water, fuel oil, and piracy, model agreement of shipping industry, daily report, and technology standard, etc.

Wu Hanming, President, CNOOC International Financial Leasing Co., Ltd.

The penetration rate of finance lease in China shipping industry was just 4.8% in 2013, compared 30% in European and US development countries, which means that the future of China’s shipping industry has growth potential. Seeing from CNOOC system, in the next two years, CNOOC main business for demand size of finance lease reaches several billion yuan. Recently, the central government and the local government also give a lot of support for shipping financial lease, especiaaly Tianjin. Generally, the aspects of offshore engineering structure and offshore equipment have great demand for finance lease.

Michael Parker, Global Industry Head for the Shipping, Logistics and Offshore Industries, Citi

Shipbuilding industry is in tough period. When the global economy is bottoming, it’s the best time for financial investment. Therefore, the recent shipbuilding industry is attracting more capital, which can bring a lot of investment innovation.

Li Yining China's Renowned Economist and Honorary Dean, Guanghua School of Management, Peking University

Pursuing rapid development of GDP made China economy miss the best reformation time. For now, China is able to realize economic growth of 10%, but cannot pursue for it. If realizing this aim, our economy will pay the price. 6.5%-7% is reasonable for the development of Chinese economy, which is still beyond global average level. Even the future several years, the GDP growth in China can be lower, 5%-6%is better.

Source from : CNSS

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