The second The Maritime Standard Tanker Conference, which happened at the Grosvenor House Hotel, Dubai, on 24th October, underlined the potential that exists for growth and development within the region's tanker market. To achieve this, nonetheless, speakers emphasized there was a requirement not simply for financial investment, yet closer collaboration between different stakeholders, to create the structures for lasting success. Other key themes included environmental regulations and their impact on tanker delivery; crewing and the have to purchase human resources; and the ramifications of digitalization and 'Big data' for this business.
The Conference was a sell-out this year, with a packed Meeting hall hearing from a host of leading speakers from different sectors of the vessel business and assistance markets. The event drew in a high quality audience of greater than 150 people,including delegates from all the leading vessel owners and drivers from throughout the region. The high account one day Conference, arranged by The Maritime Standard, a department of Flagship Occasions, supplied a unique understanding into exactly what is happening in the tanker market and the most likely trends over the years ahead. The messages were relevant not simply for tanker proprietors and operators, however all business supplying solutions to the tanker sector.
The keynote speeches set the tone for an enlightening day. H.E. Sheikh Talal Al Khaled Al Sabah, chief executive of Kuwait Oil Tanker Company (KOTC), gave the audience the full advantage of his years of experience with some unique insights into likely market patterns. He was complied with by Abdullah Bin Damithan, commercial director, DP World, that detailed Dubai's intent to spend to develop a multi-faceted petrochemicals center that will certainly have considerable implications for tanker and associated trades.
Speakers in the initial session who discussed the key political and economic elements affecting the tanker market, consisted of Chris Peters, president, Emirates Ship Investment Company; Gaurav Moolwaney, executive director, Standard Chartered; Ali Shehab, deputy CEO, KOTC; and Philip Tinsley, maritime security manager at BIMCO.
There then complied with a session focusing on the difficulties and possibilities dealing with the market, which had some believed providing remarks from Petros Doukas, chairman of Capital Partners and former Greek deputy minister of Finance and Foreign Affairs. The high quality panel in this session also included Tarik Al Junaidi, chief executive, Oman Shipping Company; Omar Abu Omar, president, maritime and operations, Gulf Navigation Holding PJSC; and Roger Harfouch, regional director, Marlink Communications, who offered some thoughts around the impact of digitalization on this sector.
A final session on the have to develop maritime collections of solutions and experience, chaired by Richard Briggs, executive partner, Hadef & Partners; heard about the importance of the new Emirates Maritime Arbitration Centre. There was also a chance to gain valuable insights from Dr Ruanthi De Silva, chief executive of SCM Plus; Thomas Kriwat, chief executive, Mercmarine; Lakshmi Janarthanan, commercial director of Drydocks World Dubai; Ralph Becker, head of business development-Middle East, DNV GL; and Katherine Yakunchenkova, general manager, Al Safina Security. The occasion rounded up with an opportunity for speakers and participants to network informally at an unique function.
Trevor Pereira, managing director of The Maritime Standard, said: "This was our 2nd Vessel Seminar and it exceeded our assumptions, as we completely sold out. Every person who came left with some vital messages to repossess to their business and the feedback regarding the quality of the presentations has been extremely positive. In addition to getting unique understandings from some of the leading names in the industry, the networking chance was phenomenal, with delegations from various countries in the room." TMS is already planning the third Vessel Seminar in 2018. Information will certainly be readily available on the TMS Website.