Posted On: 03-11-2016
DP World Group Chairman opens Seatrade
HE Sultan bin Sulayem opens region’s leading maritime event - Seatrade Maritime Middle East 2016 addresses continuing impact of the global downturn and importance of sector to regional economies
Seatrade Maritime Middle East 2016 (SMME), which is taking place at the Dubai World Trade Centre until Wednesday 2 November, was officially inaugurated today by HE Sultan Ahmed bin Sulayem, Group Chairman & CEO of DP World and Chairman Dubai Maritime City Authority (DMCA) in the presence of HE Troels Lund Poulsen, Minister of Business and Growth, Royal Danish Consulate General and Chris Hayman, Chairman, Seatrade and senior government officials and leaders of the regional and international maritime industry.
Shortly after the official opening, Seatrade had already witnessed its first major contract announcement, with Jawar Al Khaleej Shipping (JAK), a leading specialist services supplier to the offshore oil and gas sector in the Gulf, signing an agreement with Damen Shipyards Group, for the supply of three vessels, one Fast Crew Supplier and two ASD Tugs.
The opening economic forum session chaired by moderator and broadcast journalist, Eithne Treanor, featured a high profile panel line-up that effectively set the scene for three days of insightful conference discussion. Panelists included Abdulrahman Essa Al-Mannai, President & CEO, Milaha; Marcus Machin, CEO, Tufton Oceanic Finance Group; Admiral Mohab Mohamed Mameesh, Chairman & MD, Suez Canal Authority; Tim Power, MD, Drewry and Tim Fox, Head of Research and Chief Economist at Emirates NBD who commented:
“While there remains a lot of macroeconomic “issues and challenges”, the global economy is not as bad as feared at the beginning of the year. The oil price has recovered from US$30 per barrel to US$50, China’s economy has stabilised, and the US is in a stronger
position than in Q1, he said. Also, the economy of India - the UAE’s main trading partner (ahead of China) - is showing 7% growth and appears ‘resilient’.”
Another highlight of the three-day event was the opening of the 61st annual International Ship Suppliers & Services Association (ISSA) Convention, which has partnered with the UAE National Ship Suppliers Association (UNSSA) to deliver a one-of-a-kind event for maritime industry professionals, opened this morning, with a keynote address from Saeed Al Malik, Chairman UAE National Ship Suppliers Association (UNSSA) and VP ISSA who commented:
“With global economic growth shifting eastwards, the UAE aims to benefit from its geographical location. The UAE and regional maritime sector should adopt an effective strategy to increase its connectivity with the rest of the maritime world,” he said.
Tomorrow (day two of the event - Tuesday 1 November) presents an action-packed schedule, opening with the Seatrade Tanker conference at which a number of the industry’s most respected experts led by Katharina Stanzel, Managing Director, Intertanko, will engage in a Middle East-focused discussion on the crude oil tanker market and product tanker trading.
The half-day session will cover supply growth patterns, demand influencers and a prognosis of potential future earnings, taking into consideration factors such as trade and ton-mile configurations and order book volume; as well as an analysis of the factors influencing and driving product tanker demand.
A brace of technical forums will dominate the early afternoon with sessions examining the critical issues facing an ever-changing seascape in terms of shipping and environmental challenges shipping and environmental challenges, followed by a lively discussion on Crewing: The vital interface, both held in association with IMarEST.
Moderated by Nikeel Idnani, Honorary Secretary, Institute of Marine Engineering, Science & Technology (IMarEST) UAE Branch, the panel features a respected group of panelists including Captain Stephen Bligh, Senior Principal Consultant, Head of Section, Maritime
Advisory, Region South East Europe & Middle East, DNV GL and Captain Lee Chee Seong, VP – Network Operations, United Arab Shipping Company (SAG).
With demand for technically proficient crew still exceeding supply, the panel will debate the full gamut of contributory factors such as the role of human behaviour in safety at sea and the impact of unmanned ships, the tricky topics of contract ‘sweeteners’ and the possibility of increased funding for industry relevant university and diploma courses.
Held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, SMME, a biennial event, now in its eighth edition, focuses on industry issues from commercial marine to offshore, ports, piracy and energy services. The show is expected to attract more than 7,000 participants from 66 different countries.
-- Ends –
Photo caption: In the foreground from (L-R): Andrew Williams, General Manager, Seatrade; Chris Hayman, Chairman, Seatrade; HE Troels Lund Poulsen, Minister of Business and Growth, Royal Danish Consulate General; Sultan Ahmed bin Sulayem, Chairman of DP World and HE Admiral Mohab Mohamed Mameesh, Chairman and MD of the Suez Canal Authority.
For more information log on to www.seatrade-middleeast.com
About UBM’s maritime portfolio – connecting customers globally
UBM is one of the world’s leading B2B events organisers providing vibrant and dynamic events enriched with digital and print media. Its events allow its customers to make connections and do business efficiently and effectively.
UBM has three principle businesses: UBM Americas, UBM Asia and UBM EMEA who together provide high quality Events and OMS activities through regional focus, closely collaborating when brands extend globally. UBM is the largest "pure-play" exhibitions organiser in the world, No.1 International Exhibitions organiser in China, India and Malaysia (Asia) and No.1 Exhibitions organiser in the US.
Included within the UBM maritime portfolio is: Sea Asia; Seatrade Maritime Middle East; Seatrade Offshore Marine & Workboats Middle East; Seatrade Maritime Awards Middle East, Indian Subcontinent & Africa and Seatrade Maritime Awards Asia; Marintec South America; Offshore Marintec Russia; Marintec Indonesia; Marintec China, Sea Japan and Expomaritt.
Seatrade, an integral portfolio within UBM provides a range of global exhibitions, conference, events, awards, news websites and publications that covers every aspect of the cruise and maritime industries.
Founded in 1970, Seatrade connects people and creates opportunities for companies to develop new business, meet customers, launch new products, promote brands and expand markets.
The Seatrade portfolio is headquartered in Colchester, UK, and globally represented
across 23 countries from the UAE and Asia to South America and across Europe. From Singapore, both the Sea Asia and Seatrade Maritime Awards Asia are managed under the umbrella of UBM Asia, the largest trade show organiser in the region, and the largest commercial organiser in China, India and Malaysia.
Seatrade Maritime Review and Seatrade Maritime News are the official titles in print and online for all the UBM maritime portfolio, as well as associated events: Posidonia and gmec.
To find out more about the Seatrade portfolio, visit http://www.seatrade-global.com/seatrade-global-information/about-seatrade.html and for UBM EMEA please visit, http://ubmemea.com/
For UBM Asia, visit www.ubmasia.com
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