International Center For Shipping Trade And Finance
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- $200 Billion Needed Over Next Decade For World Fleet Replacement Maritime Reporter, Jul 1989 #8
Shipowners, shipbuilders and bankers were told at a recent meeting in London that as much as $200 billion will be needed over the next decade to replace the world's aging shipping fleets. Rex Harrington, of the Royal Bank of Scotland, forecast that capital markets would play a much greater role in funding fleet replacement programs.
Addressing over 300 delegates at a seminar organized by City University's International Center for Shipping, Trade and Finance, Mr. Harrington said: "In order to raise the substantial amount of money required, the industry will need to be able to assure serious long-term investors that the returns will be less volatile than in the past. There will need to be a much greater collaboration between owners and charterers to achieve the right climate for the amount of investment required." Shell International Marine managing director Juan Kelly warned the seminar that a "pressure cooker" effect was in the making, with the price of newbuildings outstripping the slower pace of increase in freight rates. This inhibited major ordering of new vessels and could lead to a tonnage shortage and, in turn, a dramatic rise in freight rates.
Mr. Kelly urged all concerned to exercise "universal self-constraint." He said that an appropriate response would involve "building new ships to replace operationally unsuitable or unserviceable ones, in numbers and of a size which main- tain a broad balance between supply and demand." Basil Papachristidis, chairman of Papachristidis (UK), said the major oil companies' role as investors will have a major influence on the health of the international tanker market in the years ahead.
He called on the oil companies to resist the temptation to implement newbuilding programs in response to anticipated tonnage shortages.
Greek shipowner Nikolas Tsakos told the seminar that world fleet renewal required building at the rate of some 20 million tons deadweight annually, costing up to $15 billion per year at present prices. He supported the view that capital markets would have to be harnessed to greater effect.
John Parker, chairman and chief executive of Belfast shipbuilders Harland & Wolff, forecast a doubling of demand for new vessels by the mid-1990s. He said: "Newbuilding prices will undoubtedly substantially increase and freight rates must inevitably reach levels which support new shipbuilding prices. A key question is 'When will the shippers be forced to recognize the inevitability that the revenue balance must be restored for the shipowner and the shipbuilder to satisfactory commercial levels."' Prof. Costas Th. Grammenos, director of the International Center for Shipping, Trade and Finance, told the seminar: "In order to attract the risk adverse institutional investor, risk management in shipping will have to play a more prominent role through the increased adoption of maritime joint ventures, shipping pools and currency and interest rate hedging." Professor Grammenos also underlined the importance to the maritime industries of the accelerating trend of transnationalization in production and services, "which has a major bearing on geographical shifts in production sites and changes in the flows of raw materials, production inputs and finished goods, as well as significant repercussions on national trade balances and economic policies."
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- IMAS ' 9 2 To Be Held In Cyprus November 11-13, 1992 Maritime Reporter, Apr 1992 #86
The Institute of Marine Engineers, in association with the International Center for Shipping, Trade and Finance of the City University Busi- ness School, has announced that IMAS '92, the seventh International Maritime and Shipping Conference is to be held in Cyprus November 11- 13, 1992. The theme of
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March 2024 - Marine Technology Reporter page: 46NEW TECH OCEANOLOGY INTERNATIONAL 2024 MTR TV’s professional video team was out and about at Oi in London for nearly 20 executive interviews, including [clockwise, starting top left]: Cellula Robotics’ CEO Neil Manning; Rob Dewell, Integration Engineer, Saab UK who put the new eM1-7 electric manipulator
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March 2024 - Marine Technology Reporter page: 45and scienti? c research sectors. • Greensea IQ Signs Contract with BUVI Greensea IQ, announced the signing of BUVI Scandinavia (BUVI) to join its international sales team, which follows another recent signing of the Spanish sales representative Uniformidad Y Suminstros De Proteccion (USP). Cumu- latively
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March 2024 - Marine Technology Reporter page: 44NEW TECH OCEANOLOGY INTERNATIONAL 2024 Image courtesy Metron/Cellula Teledyne Marine acquires Valeport: Matt Quartley, MD, Valeport and Ole Søe-Pedersen, VP & Image courtesy Teledyne Marine GM Teledyne Marine announce the deal in London. Pictured (L-R): Cellula Robotics, President, Eric Jackson, Metron
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March 2024 - Marine Technology Reporter page: 42NEW TECH OCEANOLOGY INTERNATIONAL 2024 Image courtesy Greg Trauthwein Image courtesy BIRNS MacArtney launches the new ultra-compact ø12.7 mm SubConn Nano connector. Innovative connectivity built on 45 years of ? eld-proven and market-trusted design. Image courtesy MacArtney Birns celebrated its 70th
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March 2024 - Marine Technology Reporter page: 40NEW TECH OCEANOLOGY INTERNATIONAL 2024 All photos courtesy MTR unless otherwise noted NEW TECH, PARTNERSHIPS LAUNCH IN LONDON With Oceanology International now one month in the rear-view mirror, MTR takes a look at some of the interesting technologies launched before, during and after the London event.
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March 2024 - Marine Technology Reporter page: 36LANDER LAB #10 Of special interest for marine applications, LiPo batteries are Shipping any kind of lithium battery can be a challenge, and offered in a “pouch” design, with a soft, ? at body. The pouch IATA regs vary with the batteries inside or outside an instru- is vacuum-sealed, with all voids ?
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March 2024 - Marine Technology Reporter page: 35Figure 1 A self-righting vehicle design with buoyancy high and weight low, WHOI’s SeaBED AUV captures the attention of a pair of curious Antarctic penguins as it is deployed from the British research vessel James Clark Ross. Vehicle designers allowed for temperature reduction of battery capacity. Recharge
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March 2024 - Marine Technology Reporter page: 29to protect the unique and largely unknown ecology of the sea? oor from physical destruction, sediment smothering and noise pollution. However, the International Seabed Au- thority (ISA) has granted 31 exploration contracts in international waters and is ex- pected to con? rm mining guidelines this July
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March 2024 - Marine Technology Reporter page: 27SEA-KIT USV Maxlimer returning from HT-HH caldera in Tonga. © SEA-KIT International data and further assess ecosystem recov- ery. What is known, noted Caplan-Auer- bach, is that the impact of submarine vol- canoes on humans is rare. “The HT-HH eruption was a tragedy, but it was very unusual. It let us
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March 2024 - Marine Technology Reporter page: 26the Hunga Tonga-Hunga Ha’apai volcano 3D map completed with data from the TESMaP voyage on Tongaroa and later ? lled in by Maxlimer from SEA-KIT International. Jasmin McInerney, Ocean Instrument Engineer, Employment of technology during talking to crew in the workboat deploying the glider. Phase One
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March 2024 - Marine Technology Reporter page: 25Oi shore Wind Turbine Phase two, mapping inside the caldera, • Geotechnical InvesO gaO on • Sand Resource InvesO gaO on featured SEA-KIT International’s USV Maxlimer and marked the ? rst time an uncrewed surface vessel had been used to survey the aftermath of subsea volca- nic activity. Controlled
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March 2024 - Marine Technology Reporter page: 20??QVSHFWLRQ5HSDLU 0DLQWHQDQFH ?%DWWHU\7HFKQRORJ\ ?8QGHUZDWHU&RPPXQLFDWLRQV ?&DEOHV &RQQHFWRUV Event Distribution: MTR E-Magazine Edition: Oceanology International, /RQGRQ8. Event Distribution: Subsea Expo Oceanographic 2?VKRUH7HFKQRORJ\&RQIHUHQFH27& $EHUGHHQ8. +RXVWRQ7;86$ Floating Wind Solutions 8'7 +RXVW
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March 2024 - Marine Technology Reporter page: 15interview on the Slocum Sentinel Glider with Shea Quinn will continue to grow – and the Sentinel is big enough to and Clayton Jones from Oceanology International 2024 in London. take on the challenge. Welcome to the World of ROS Positioners The Most Complete Line of Reliable and Accurate Positioners in the
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March 2024 - Marine Technology Reporter page: 11assist in identifying mines and act as a neutralization device. About the Author Bottom mines pose even greater chal- David R. Strachan is a defense analyst and founder of lenges. Unlike contact mines, bottom Strikepod Systems, a research and strategic advisory mines utilize a range of sensors to
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March 2024 - Marine Technology Reporter page: 7Set a Course for your Career Become a NOAA professional mariner! Sail with NOAA’s fleet of research marinerhiring.noaa.gov 1-833-SAIL-USA (724-5872) and survey ships! - Detects all iron and steel Get your next salvage - Locate pipelines, anchors and job done faster chains with a JW Fishers
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March 2024 - Marine Technology Reporter page: 2‘24 ‘That’s a Wrap’ From new product debuts -- cables and connectors, vehicles, sub bottom pro? lers 40 -- to many deals done, Oceanology International 2024 was a great success. 4 Editor’s Note 6 Authors & Contributors 6 Editorial Board 16 Tech Feature: IMR 47 Classi? eds 48 Advertisers
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April 2024 - Maritime Reporter and Engineering News page: 48. . . . . . . . . . . . . . . . . . .www.hougen.com . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .(800) 426-7818 17 . . . . .International Registries, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . .www.register-iri.com . . . . . . . . . . . . . . . . . . . . . . . . . .
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April 2024 - Maritime Reporter and Engineering News page: 46MARKETPLACE Professional www.MaritimeProfessional.com GILBERT ASSOCIATES, INC.GILBERT ASSOCIATES, INC. Naval Architects and Marine Engineers SHIP DESIGN & ENGINEERING SERVICES Join the industry’s #1 Linkedin group )NNOVATION
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April 2024 - Maritime Reporter and Engineering News page: 43power from shore by 2030, with leading class societies, Lehtovaara sions trading – are optimized by formaliz- Lehtovaara suggests. started the International Council on ing solutions for data sharing. Lehtovaara “As [IMO Secretary General] Arsenio Combustion Engines (CIMAC) Indus- says regulators
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April 2024 - Maritime Reporter and Engineering News page: 42commercial seago- evaluate the gains that are available to You can’t describe a code.” ing knowhow, Lehtovaara acknowledg- the industry as whole.” The International Maritime Organiza- es the critical role collaboration plays in Regulators are fully aware that rap- tion’s carbon intensity indicator (CII) meeting
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April 2024 - Maritime Reporter and Engineering News page: 41owners and operators, has also joined us. ? eet. We see demand continuing to grow into the system so watchkeepers can from both domestic and international more easily assess the options they have Machine Vision shipowners, and we are also seeing in- for responding to challenging situations. Groke
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April 2024 - Maritime Reporter and Engineering News page: 40COGNITIVE FATIGUE IN WATCHKEEPERS All images courtesy Groke Technologies Today’s evolving maritime security risks pose all-too-familiar threats to international shipping, and as just one of the many causes of fatigue, they add to the cognitive burden already faced by watchkeepers. But Groke Technologies
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April 2024 - Maritime Reporter and Engineering News page: 39Tech Files Latest Products, Systems and Ship Designs “Wall Climbing Robot” Danish Pilot calls gets ClassNK Nod LEGO Model "A tribute build to a work life at sea" Image courtesy MOL, Sumitomo Heavy Industries lassNK granted its Innovation Endorse- Image courtesy Espen Andersen/DanPilot ment for
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April 2024 - Maritime Reporter and Engineering News page: 38Tech Files Latest Products, Systems and Ship Designs Zero-Emission Mooring Service of a Tanker Consulmar achieved a milestone by executing what it calls ing boat Castalia, which operates on full electric propulsion. the world's ? rst zero-emissions mooring service for a tanker. Equipped with two 150 kW