OPTIMIZED FORMAT – INNOVATIVE IDEAS – PROFITABLE OPPORTUNITIES
The chart above is from Splash, the maritime daily news outlet headed by Sam Chambers and Grant Rowles. Taken from a survey they conducted, it illuminates the impact that China has had on shipping, with environmental issues right behind. Tucked into the figure on non-shipping capital is the growth of Chinese leasing capital.
In 2004, I attended the Hellenic-Norwegian Chambers of Commerce New York shipping event. The opening keynote was an American educated, Chinese born shipowner who presented a global economic historical overview. He opened with the dominance of Europe (particularly the UK) until World War II, then the ascendency of the United States up to the year 2000. Then he began to recite statistics surrounding China: GDP growth, population, shipbuilding aspirations, ship ownership, import and export numbers, etc. I emailed a friend in Washington DC and asked, “Is there someone down there, who is a lot smarter than I am, paying attention to this?”. His response was “Unfortunately, no.”
Two years later, at the same event, I asked “Isn’t the growth of China’s shipowning fleet going to have an impact on Western fleets?” I was told they weren’t concerned about that. In 2008, the world witnessed what I term China’s “Coming out party”, the Summer Olympics in Beijing, which also marked the downturn in their extensive building and growth phase which had prompted the massive number of ships on order.
China has been very intentional in its quest to be a leading shipping nation. Students of history, or those who have read the books by Gavin Menzies, 1421 and 1434, know that China has a long and storied shipping and exploration history which had gone dormant. Essentially, China is returning to its roots. In addition, it is ensuring national security with the “One Belt One Road” strategy and investment in natural resources.
China is an intentional force in our industry. I wonder what the next decade will bring?
2019-11-30 – A group of shipping companies including NYK, Sovcomflot, Knutsen OAS and Ardmore, ship builders, including DSME, and the mining company Vale. . .READ MORE
Europe to regulate emissions trading for shipping
2019-12-03 – The European Commission will shortly introduce emissions trading for shipping in what could be. . . READ MORE
Digital
Maersk Backs Danish IoT Startup
2019-11-30 –Maersk has decided to invest in the Danish startup Onomondo, a global cellular operator for the Internet of Things (IoT). . . . READ MORE
Alternate Fuels
UECC Secures Green Finance for Battery Hybrid LNG Car Carriers
2019-12-01- United European Car Carriers (UECC), jointly owned by NYK and Wallenius Lines, has signed a contract for three new generation pure car and truck carriers (PCTC) with China. . . READ MORE
Coatings
Keep It Clean!
2019-12-01 – Coating technology has come a long way since the days when lead-based paint was used above the waterline and tributyl tin below it, but steel hulls still need. . . READ MORE
Mariners
20% of seafarers have contemplated suicide or self-harm, Yale study finds
2019-11-20 – A new study by Yale University to 1,572 seafarers has identified potentially dangerous levels of depression, anxiety and suicide risk. . . READ MORE
China pledges income tax relief for oceangoing seafarers
2019-11-27 – As part of its major tax reforms for middle-and low-income groups, the Chinese government pledged to reduce. . . READ MORE
SHIPPINGInsight Updates
Don’t forget to check out the SHIPPINGInsight 2019 Highlights!
OPTIMIZED FORMAT – INNOVATIVE IDEAS – PROFITABLE OPPORTUNITIES
SHIPPINGInsight 2020
October 13-15, 2020
The 9th Annual Fleet Optimization & Innovation Conference & Exhibition
Greenwich Hyatt Greenwich, Connecticut, USA
For partnership and exhibiting information, please contact Dave Weidner (d.weidner@shippinginsight.com) For more information on the conference, please contact Carleen Lyden Walker (c.walker@shippinginsight.com) or call +1 203 255 4686
