Who said what at Singapore Maritime Week 2016

Kristian Siem, chairman of Siem Industries on the future of the offshore sector: “What is the future? It is a great industry, there will be more activity but we have to suffer from an imbalance of supply and demand in supply chain due to overbuilding."

Khaw Boon Wan, Singapore’s Coordinating Minister for Infrastructure and Minister for Transport talks about Singapore Maritime Week is reaching out to the general public: “This year’s SMW has also targeted the public, with various outreach events. They will get to know more about Singapore’s maritime sector and the many career opportunities it offers.”

Efficiencies and cost savings could bring down the oil price level oil companies need according to Geir Sjurseth, managing director, global head of offshore finance, DVB Bank: “The breakeven level of oil companies are coming down across the board and we may not need oil to be at $80 per barrel to see market recovery.”

Singapore Shipping Association president Esben Poulssen talks about what is needed in the smart shipping revolution: “What we need is a game changing approach for a new era of shipping and sustainability.”

SS Teo, managing director of Pacific International Lines says the low oil and price a simple fight for survival have put LNG bunkering on the back burner: “The reality is at the moment LNG is at the back of their minds.”

Abdulla Bin Damithan, commercial director, DP World UAE region, looks at the market ahead for container shipping and ports: "2015 has been challenging for container shipping and the outlook for 2016 remains uncertain."

Kenneth Glenn, president of APL, on the big issue of the moment for container shipping: “The structure of the industry needs to change and ultimately there needs to be an acceleration of consolidation going on.”

Singapore Maritime Foundation chairman Andreas Sohmen-Pao at the official launch of Sea Asia 2017: “Sea Asia serves as a platform the global maritime community to share views, develop ideas and debate issues."

John D’Ancona, director – dry analysts for Clarksons Platou on the bottoming out of the dry bulk market: “It could be at the bottom, but how long does it stay at this level?”