Jin Peng, secretary general of China Association of the National Shipbuilding Industry (Cansi) looks at the problems the industry has to overcome: “The oversupply of yard facilities continues to be a very obvious problem for China. The shipbuilding industry is listed as one of China’s six seriously oversupplied industries.”
China Shipping Group vice president Ding Nong sets out a green strategy: “What we set out to achieve is to have a more green management style and work culture, investment in green shipping for sustainable operations, and integrate green shipping into the One Belt One Road strategy.”
Cyprus’ Minister of Transport, Communication and Works Marios Demetriades gives a blunt assessment of the Ballast Water Management Convention: “The Ballast Water Management [Convention] is a classic example of regulatory compliance driven regulation that failed terribly to deliver the anticipated results.”
Tor Svensen, group executive vice president of DNV GL looks at the opportunities and challenges ahead: “We are heading for some challenging years, and I think 2016 and 2017 will be challenging. We will see more consolidation, as well as better efficiency and cost control.”
Peter Illingworth, managing director and head of shipping Asia at Deutsche Bank, commented on the industry’s resilience: “Shipping has shown surprising resilience and funding has resumed due to low interest rates, support of Asian banks especially export credit agencies, new orders attracted by lower secondhand values and contract prices.”
ExxonMobil’s global marine marketing manager Iain White explains why a new system oil needed to be developed: “Essentially our current product, and all our competitors products, have been around for 30 – 40 years so with the all changes going in engine design we thought it was appropriate to revisit the system oil.
AWT ceo Haydn Jones says there is evidence owners with more efficient ships are getting better rates: “Particularly what I am starting to see is a two-tier market where efficient optimized ships are able to command a higher day-rate than lower performance ships.”
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