UK-China Maritime Services Exchange, with the theme of UK-China Shipping: The Future is Today, ended with great success on 11th, Sep. The event was co-organized by Chinese Shipping Association of London (CSAL), Maritime London and Xinde Marine News and hosted by the UK Department of International Trade (DIT) as part of their Global Trade Hub for London International Shipping Week 2019 (LISW).The event brings together leading representatives from the Chinese shipping sector and UK experts from the maritime services sector to discuss two of the most topical issues affecting the maritime industries today.
After the keynote address from Lord Mountevans, Chairman, Maritime London, Mr. Wang Zhenyong, VP, ICBC Finance & Leasing delivers a speech about the importance of financial leasing today in shipping industry like the current topic issue ’IMO 2020’, more and more shipowners choose to install the scrubber to their ships through financial leasing. And there’s great potential in financial between UK and China.
Then the panel discussion Sulphur cap and beyond illustrates the need for collaboration of UK and China in addressing the climate change challenge in shipping. James Forsdyke, Head of Product Development, Lloyd’s Register hosts the panel. Edmund Hughes, Head, Air Pollution and Energy Efficiency, Marine Environment Division, Burak Cetinok, Head of Research, Arrow Shipbroking and Gary Chen, CEO of Xinde Marine News produce a hot discussion. Decarbonization nowadays has been more essential. Mr. Edmund Hughes said that the climate change is also an opportunity for shipping industry today like logistics and shipping sectors should obey the environment rules. Mr. Burak Cetinok illustrates that “IMO 2020” is the biggest regulatory change in shipping industry and it rises the costs and puts pressure for shipowners, restricting tonnage supply due to scrubber installations support rising rates. Finally Gary Chen said that China, as a country with the world’s largest port and merchant fleet in terms of number of ships, Chinese marine bunker supply industry can seize the opportunities of Suphur 2020 to provide low sulphur fuel oil by striving to gain favorable policies including possible tax rebate to narrow the gap between Singapore. He also illustrates how Chinese shipowners and operators have prepared to meet the “IMO 2020” and the potential for collaboration between UK and China in working on a pathway to a greener shipping.
Next, panel discussion Digitalisation of shipping shows how UK expertise can support the adoption of new technologies within the Chinese sector. Ian Gooch, Chief Executive, London P&I Club hosts this panel and Shaun Crawford, Global Vice Chair, Industry, EY , Tina Liu, Vice President, Elane Inc and Nick Maddelina, Head of Insurance, Windward makes a heated discussion including the importance of technology , data, supply chain and insurance, which can help to access and manage the risks sa well as save the costs.
Then Jeffrey Yao from Chinese Shipping Association of London gives a clothing speech.
Finially the meeting ends with Networking lunch & 121 meetings.
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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