Live From Sea Asia 2017

The Seatrade Maritime News reporting team bring you all the key stories in the run-up to, and live on the ground during, Sea Asia 2017 in Singapore from 25 – 27 April.

Who said what at Sea Asia 2017

We take a look back at who said what on Seatrade Maritime News’ exclusive live coverage Sea Asia 2017 and the issues that got people talking.

Opening Sea Asia 2017 Khaw Boon Wan, Singapore’s Coordinating Minister for Infrastructure and Minister of Transport, sets the scene in terms of disruption: “The landscape is changing rapidly digitalization is disrupting and transforming the global transport supply chains.”

BW Group and Singapore Maritime Foundation chairman Andreas Sohmen-Pao sees signs of recovery for shipping: “And let us remember cyclical businesses usually go up after going down, already we have seen green shoots of recovery in the dry bulk and container sectors after a prolonged period of weakness.”

Flippos Lemos, president of NS Lemos & Co, on why the future is bright for the private independent shipowner: Shipping is quite simply not an ideal fit for the broader equity capital market. Other people’s money serves to exacerbate short term investment in the industry.”

Michael Parker, global head of shipping for Citigroup, presenting the other side of the argument: “The few have destroyed the many, and that’s why the private shipowner will struggle to survive.”

DBS Bank ceo Piyush Gupta forecasts a lengthy period of oversupply in offshore marine. “In the next two to three years, the excess supply is not going to get drained out in a hurry.”

“Amazon and Alibaba seem to be taking over the customer relationship aspect from shippers and on our end we need to think about how such changes will impact upon us.” Orient Overseas Container Line ceo Andy Tung mulls partnerships with online retailers.

Rolls-Royce Marine vp for innovation, engineering and technology Oskar Levander predicts a disrupted future for the industry: “Shipping is going to face a big change and it will be disruptive.”

Jarand Rystad, managing partner of Rystad Energy, sees some glimmer of hope for the offshore sector: “We expect offshore projects to see increasing sanctioning going forward in 2017 and furthermore into 2018.”

“Centrally on a ship there is not a lot of that is of true value but if somebody can use that ship as a backdoor into a corporate environment,” Peter Broadhurst, senior vice president safety and security for Inmarsat, on how poor cyber security on vessels can be used to hack corporate networks.

Posted 28 April 2017

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Marcus Hand

Author Bio ▼

Editor, Seatrade Maritime News Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with nearly two decades of experience covering the shipping industry in Asia. In addition to running Seatrade's maritime and offshore news website based from Singapore he is the Asia Editor of Seatrade Maritime Review. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Prior to joining Seatrade at the beginning of 2010 Marcus worked for shipping industry journal Lloyd's List for a decade and previous to that the Singapore Business Times covering shipping and aviation.

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