Home » Events » World maritime leaders lead global industry dialogue at the Asia Pacific Maritime 2012

Several bright spots in the maritime industry are showing prospects and opportunities even as the global shipping industry faces a slow sail this year. Offshore, shipbuilding, green shipping and a growing Asia – these sectors will be the focus of the Asia Pacific Maritime (APM) 2012, which takes place in Singapore from 14 to 16 March this year.

Regarded as Asia’s premier maritime event, APM is set to see dynamic discussions between world maritime leaders on the outlook of the shipping industry and the opportunities to help industry players cope with the slowing economy.

Industry heavyweights, Mr Nobor Ueda, Chairman and President of ClassNK and Vice-Chairman of the International Association of Classification Societies Ltd. (IACS) Council, and Mr Simon Bennett, External Relations Director of the International Chamber of Shipping (ICS) will co-host the keynote session at APM 2012, themed Asian Shipping: Coping with Turbulent Waters.

“The strength of the shipping industry is inexplicably tied to volatile economic trends and trade patterns. However, despite the uncertainty in the industry, the outlook for Asia remains bright,” said Mr Ueda. “Singapore, in particular, with its tripartite model of forging partnerships is a shining example of how to overcome the downsides of the sluggish global economy.”

Mr Bennett has a more cautious view. “It is currently necessary for any prudent ship operator to anticipate the unexpected. While we had assumed that the worst was over following the 2008 banking crisis, the health of the global economy is still very fragile, and most shipping markets expect a very rough ride in 2012. The only real bright light perhaps is Asia, which continues to sustain demand for many shipping trades, although with the current uncertainty in Europe, even this cannot be guaranteed.”

Maritime associations in Asia are optimistic on the region’s ability to ride out the storm and steer towards a positive forecast.

“The maritime industry in Indonesia is now more advanced and the focus has moved beyond domestic trade to international trade as well. Domestically, shipbuilding, offshore, tugs and barges, and vessels are performing well,” said Mrs Carmelita Hartoto, Chairman of Indonesian National Shipowners’ Association (INSA).

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