• 2015 December 1 13:43

    Ship Finance and Trade conference highlights scope for growth (photo)

    The inaugural The Maritime Standard Ship Finance and Trade Conference, which took place at the Park Hyatt Abu Dhabi, on 26th November, highlighted the opportunity that exists for sustained growth and expansion within the region's shipping and ports sectors, provided investment is sustained and cooperation between various stakeholders strengthened. 
    According to the Conference press release, a stellar line up of speakers and panelists from the worlds of shipping, ports, finance and law set out the gains that could be made and the challenges that have to be overcome. After a welcome by H.E. Salem Al Zaabi, Director General of the Federal Transport Authority - Land and Marine, Dr. Ali Obaid Al Yabhouni, chief executive for ADNATCO-NGSCO, highlighted the importance of investing in local human resources, as well as ships. "We need to continue investing if we are to grow," he said. H.E. Jamal Majid Bin Thaniah, director and vice chairman of DP World added that cooperation was key to taking growth forward. "The dividing line between risk and reward is very small," he said, "It is up to us to seize the opportunities that are there."
    He was followed by former Greek finance minister, Petros Doukas, who led a high level Greek ship-owner delegation to the event. Mr. Doukas underlined the lack of liquidity in the market, and the fact that it was still not easy for shipping companies to borrow money. He also noted the challenge that Arab banks faced in competing on a global scale. He ended by saying, "Greek shipping companies are looking for partners in the Middle East, and this cooperation will be mutually beneficial."
    H.E. Khamis Juma Buamim, chairman of the board of DDW-PaxOcean Asia, told the audience there was a need to create opportunities with real growth orientated policies." It is the time for leadership and vision. We need to invest and innovate to capitalise on the huge potential that exists,” he concluded.
    The keynote session ended with a speech by Captain Mohamed Juma Al Shamisi, chief executive of Abu Dhabi Ports, and host of the event. He argued that, "Ports in the region need to adopt advanced technology to generate expansion and growth."
    Other speakers in the 'think tank' session that followed included Mohammed Al Muallem, senior vice president of DP World; Ahmed Essa Hareb Al Falah, chief executive of Gulf Energy Maritime; Jorn Hinge, chief executive of  UASC; Andre Toet, chief executive of Sohar Port; Jacob Berman, managing director, infrastructure and transportation, Standard Chartered Bank; Rajiv Agarwal, chief executive Essar Ports; Vasudev Amonker, unit head, Burgan Bank and Tarik Al Junaidi, deputy chief executive, Oman Shipping Company.
    Around 150 delegates attended the event and came from across the region, as well as from the Far East and Europe.
    Managing director of The Maritime Standard, Trevor Pereira, said, "This is our first conference and we managed to gather together a high quality cast of speakers and panelists the like of which has not been seen before. Through the interaction of these great minds, with their many years of experience, I am confident that there will be longer lasting impacts for our industry and tangible outcomes."
    He added," I would like to thank our hosts in Abu Dhabi, which is a strong and vibrant force within the maritime sector today. It is highly appropriate that the event should be held here at a splendid venue, fully befitting such a gathering."
    Clive Woodbridge, conference moderator and editor of The Maritime Standard concluded that, "The conference was perfectly timed as there was a sense in the room that we are on the cusp of a pivotal moment in the development of the shipping industry in the region. As many speakers stressed there are significant opportunities to be grasped, but only if there is the right level of investment in the right assets."
    Flagship Events is a Dubai-based events management company, which over a short period of time has established itself as one of the leading companies organising specialist shipping and maritime conferences, exhibitions and awards in the region.




2020 November 24

20:09 Ministerial conference under German EU Presidency: “Inland Waterway Transport – key to deliver the Green Deal”
18:18 IAA PortNews to host online webinar: "Billions of tonnes of freight moved on the Chinese rivers: should we give it a try?", Dec 2, 2020
18:15 VARD secures contract for the design and construction of eight Marine Robotic Vessels for Ocean Infinity
18:06 Monjasa acquires Golden-Agri Stena tanker for Middle East operations
17:06 MOL & Miura to сonduct demonstration test with microplastic collection device installed on newbuilding wood chip carrier
16:32 Investors commit billions at Lagos Free Zone in Nigeria
15:03 Incat Crowther releases details of next ShadowCAT concept
14:22 Maqta Gateway and TruKKer to сollaborate on digital truck booking services through “MARGO”
13:14 The schedule of port charges for the ports of Bremen to be adjusted due to Corona pandemic
12:11 Diana Shipping reports financial results for Q3 2020
12:05 The Arktika icebreaker accomplishes its first task in the Northern Sea Route basin
11:32 Port of Hamburg сontainer throughput down 4.9 percent to 2.3 million TEU in Q3 2020
11:25 A WWII air bomb defused near Novorossiysk based CPC Terminal
11:09 CMA CGM to launch the TURKEY MED EXPRESS 2
10:04 MABUX: Bunker market this morning, Nov 24
09:46 Crude futures prices rise on vaccine hopes
09:22 Baltic Dry Index as of Nov 23
09:02 East Coast Australia JIP delivers a new interactive dashboard for LNG forecast

2020 November 23

18:24 North P&I Club pre-renewal report confirms corrective response to market challenges
18:00 RF Government is set to reorganize the structure of development institutions
17:13 4th International Congress “Hydraulic Engineering Structures and Dredging” slated for 25-26 February 2021
16:34 Damen completes Eidsvaag Opal conversion
16:28 STLC and VEB-Leasing to be consolidated into Unified Leasing Company
16:05 Aker Solutions wins maintenance and modifications contract in Brazil from Equinor
15:41 Vard secures contract for eight marine robotic vessels
15:17 RF Transport Ministry confirms its intention to introduce investment charges in seaports from 2021
14:53 Hydrographic boat of Project 19920 joins RF Navy’s Northern Fleet
14:31 Concordia Maritime CFO resigns from his position
14:09 Friendship 2020 joint exercise of the Egyptian Navy and the Russian Navy Bridge ends at the Black Sea Fleet
13:25 Ningbo Containerized Freight index rises by 19.8% in November 2020
12:34 Average spot market price for Russian M100 product climbed to RUB 13,184 pmt
12:12 The UK could increase its ambitions for renewable energy at a lower cost to consumers, new Wärtsilä analysis finds
12:02 Chinese ports container throughput down 0.03% to 217.2 million TEU from January to October 2020
11:53 Global Ports and TransContainer launch expedited delivery of pellets from Siberia to Europe via Saint Petersburg
11:11 Brodosplit lays keels for two coastal patrol vessels
10:19 HELCOM revamps its tool for tracking implementation progress
10:12 MacGregor supports China’s Lingshui 17-2 gas field development
09:57 MABUX: Bunker Market this morning, Nov 23
09:41 Container throughput of port Shanghai (China) in 10M’20 fell by 1.7%
09:25 Oil prices rise on hope for demand recovery
09:12 Baltic Dry Index as of November 20

2020 November 22

16:23 Ørsted and NABTU sign landmark MOU for U.S. offshore wind workforce transition
15:18 Port Canaveral cruise terminal parking to feature E-PASS® contactless transaction technology
14:21 USCG Cutter Stratton returns home after crewmembers test positive for COVID
13:26 New Wallenius SOL service delivers 200,000 extra tonnes of paper reels to PSA Zeebrugge terminal
12:18 Port NOLA's Brandy D. Christian receives 2020 C. Alvin Bertel Award
11:41 BPA announces the release of UK Ports industry magazine
10:42 Coast Guard Cutter Diligence returns to homeport from Caribbean patrol

2020 November 21

16:12 Impact assessment agency of Canada interim report an incomplete analysis omitting a number of important facts
15:49 Cummins introduces X15 Stage V solution for European inland waterways
15:18 Belfast Harbour supports launch of Maritime Belfast Trust
14:07 Remote repair helmet overcomes pandemic restrictions
13:39 Armstrong Marine USA of Port Angeles, Wa. launches new identity as BRIX MARINE
12:24 Mackay provides electronics package for two Vigor-built pilot boats commissioned by Los Angeles Pilot Service
11:38 Third quarter 2020 business activity strong CMA CGM Group operating performance

2020 November 20

18:00 CMA CGM to launch the FLAMINGO EXPRESS service
17:49 Senior Arctic Officials’ plenary meeting held in a virtual format
17:05 Australia to end crew contract extensions
16:52 Port of Algeciras was awarded the ESPO Award 2020
16:33 FSUE "Rosmorport" takes part in International Forum "Transport of Russia"