Name: 2018 6th Analyst & Investor Forum - The Future of Shipping – Risks & Opportunities
Uploaded: 2020-03-13T19:11:00.000Z
Duration: 54 min 14 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Adverbs of degree

This is my third, uh, totally moderating the panel of shipowners.

And every year, it's one of the highlights of my one of the highlights of the events, Um, all of our panel members, and very quickly, just to name them.

We have Mr Irregulars Muddy Night case, Mr Petros Baba's Mr Jorge Cano Mo and Mr George Procopio.

All of our panel members are operating in a multiple of sectors and they have comprehensive view What is really driving the industry across all sectors today we're gonna be talking around supply, demand capital.

We're going to touch a little bit upon the regulatory challenges and the environment discussed previously.

But just because Mr Brocco Bill will be leaving us in five minutes, I would like him to pick one of those topics and to share his insights.

How can we Where do we expect demand to becoming in the next coming years?

I replied with this, but I would like unfortunately Mrs Secretary General left but I'll pass the message that my, my my suggestion is toe try to implement all three solutions scrubbers, low sulphur fuels and low speed, and this can be implemented from day one.

So nobody loses face whatever is available and the ones that they want the one solution on the other.

But what is achievable route is the reduction off day one off air pollution.

So we are not in favor of scrubbers, only not off Arctic.

It fuels right fuels only not off slow speed.

Only all three together and and ship owners toe have the option toe follow whatever they feed.

They think feet best now about the future of shipping.

I'm very, very scared to make predictions.

But as there is no better way, more efficient way for transporting goods and the prosperity to be passed off the one region to the other than ships, ships always will be around, and Toby successful innovation that is taking creating new ideas is always the secret.

I do believe that the last 5000 years of history and shipping in Greece confirms and assures all of us that these is going to thrive in Greece for a long time to get to come.

And the villas of ship owners and the medicines from criteria in Santorini or off the lows for firms.

These on the best possible way nowadays way have there is off losing our competitive advantage.

We have to show them how we've done it the last 5000 years.

And you have to make toe find synergies that we make joint the businesses personally.

I followed these model I tried toe find new routes.

We made history going through the North Sea route six years ago.

Now, this is standard practice, but we have the right equipment to do so.

We made a joint venture with Sinotrans and Tiny Lindsay, and we're proud about this.

We believe that the trade will evolve and all players can have part of it.

And, uh, I'm not scared at all about the future.

Shipping will be strong in Greece and Greeks will excel for the years to come.

I was on Orner to listen to you, even for a few minutes.

As we said, we're gonna be talking around supply and demand and capital raising.

And we have seen that excessive supply was driven with the new new building orders.

And it has been said that this has caused much of the many of the elements that have been inflicted on to this industry.

However, we've seen a slow down directing.

You speak closer, Mike, because we cannot hear you.

As I was saying, this, um, excessive supply was driven by excessive new building orders.

And many have said that this has caused many of ailments inflicting this industry.

We've seen Maur layups on increased scrapping taking place over the past few years.

The first question is to Mr Muddy Night gaze.

So where are we today in terms of order book and managing the supply balance?

As far as the order book was concerned on the dry cargo shy we have, it's almost 10% of the fleet.

On the other hand, that's a low figure because you need to take a course.

The rescue on the market conditions in the last, then yes, as time passing very quickly have not been favorable for right on dhe off course, we have seen many changes in the dry sector and, of course, the appetite that what's seen in the past with massive ordering has not been the case in the last years.

And I think that this is something that is extremely helpful for the market and the if this continues to be the case, I think that we're kidding out before much better times.

As for us, the order book in the container again, who had markets that have suffered and again, who have seen tremendous changes in the industry?

Ah, in the container sector and for about the year who have seen a change in the market.

Uh, even though the order book is as low as 12% who had the massive scrapping and the caption recovered in the market?

And also we have seen that prices have gone up between 5200% depending on the size is on dhe.

That's about US order book again For the group side, we have seen some massive ordering in Viet sissies in the last years.

That off course didn't kill the market on, of course, what's happened with up with that is your production also the, uh who have been used to inventories?

And ofcourse, we have seen the market for one year now to be suffering on.

On the other hand, this has helped to see a massive scrapping off 11 million tones in here to see versus 20 half 1,000,000 times.

That's a modest in 2016 and off course, that is, a number off seeps over 100.

Seems that, uh, over the year would become over 15 years old and over the next two years will have another kind of native fantasies which, off course or this is helping the market.

And we are optimistic that, uh, with this crap that's taking place and a reduction in the orders again, as off next year, I will be able to see better market.

What sectors do you expect will do well, in which one's main struggle in 2018?

They have already been struggling at me with the 2018 has been the worst year since old nine, which is after the credit crisis.

The Buckeye carriers are on the rise on DDE.

The prospects are good for the next 234 years, with only one provision that China will keep on increasing the importance of iron or like to have in the past.

Because I don't know accounts for about 30% of the world transportation needs, both in terms off Don Miles and in actual deadweight tons and ah, 30 30%.

These iron ore China accounts for 70% said that 72% off the island or worldwide transportation.

The rest of the commodities air more evenly spread out cold is about 20% worldwide trade important into China and 20% into India, and the rest is spread.

So what is interesting to watch is the cape size lessons because it keeps his visit predominantly.

You have a load off issues there in what second invest because you have different sizes and they seem to be.

The trade seems to be constantly evolving.

What used to be five years or 10 years ago, the best size is now not the best.

And then you will have obviously new sectors like the L N G, which the Greeks have I chose the right time to invest has, uh, bye good prospects with long term employment if you want to have a secure income and hopefully you know, with a spot market that will be developing as time goes by.

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2018 6th Analyst & Investor Forum - The Future of Shipping – Risks & Opportunities

potential

massive

crisis

positive