6th Asia Ship Recycling & SNP Summit 2014
Time：2014-07-03 -07-04location：shanghai shanghaishi
Section 1: Macro economy & Shipping market
In 2013, China obtained an economic growth rate of 7.7%, while it suffered a decrease to 7.4% at the beginning of 2014 due to continuous slowdown of economic growth. Will China introduce intensive stimulus policies while facing decrease in economic growth?
The global economy enjoyed steady overall development in the first quarter of 2014, among which, the shipping industry still suffered sluggish recovery. Demands for dry bulk carriers, containers and tankers are not as large as expected in addition to low freight rates. While in recent days, reports about strong shipping industry recovery can be heard everywhere; the latest data show that, the global new orders have summed up to 35.14 million DWT ton in the first quarter of 2014, increasing by 20% over the same period of 2013.In comparison, the global second-hand ship markets suffered slight drop in trading volume, the prices of dry bulk carriers enjoyed an increase while the prices of tankers and container ships suffered a steady drop. What is the trend of shipping market in 2014? Will the capacity structure be optimized? How shipbuilding industry, shipping industry and ship recycling industry influence each other as an integrated industry chain?
【Interpreting the actual conditions of domestic macro economy & relevant economic stimulus policies】
【Outlook of the global market —dry bulk & container & tanker】
【NB market – new orders, new deliveries, ship financing】
【SNP market – trading volume & price trend】
【Panel Discussion: price prediction of NB and SNP markets and how will they influence ship recycling market?】
Section 2: Ship recycling market
Suffered from domestic and global slowdown of economic development, continuous downturn of shipping market and active old ship scrapping market, domestic enterprises got slight increase in ship recycling quantities in 2013. However, the vigorous ship recycling market did not contribute to the economic benefit increase of domestic ship breakers. Instead, the more ships are purchased, the greater the losses are. In sharp contrast to China, the South Asia market is embraced by fierce competition; as the latest data show, the price gap between China and India has exceeded USD150/LTD.
Undoubtedly, the “ship recycling subsidy policy” provides timely help to domestic shipping industry and several domestic top shipping enterprises such as China Shipping and COSCO have started to implement large scale ship recycling plans one after another. However, it is still not easy to get ship recycling subsidy from government due to high threshold. Besides, the subsidy policy only focuses on the interest of ship owners and shipbuilding plants, rather than taking into account the receiving motivation of ship recycling yards. Can the subsidy policy really save ship recycling industry from dilemma? Will the ship recycling price gap between China and India be narrowed?
【Summary of Current Situations of Chinese Ship Recycling Market】
【How to obtain ship recycling subsidies smoothly?- an interpretation of domestic ship recycling subsidy policy】
【Current status and trends for domestic scrapped steel industry】
【Overview of ship recycling market in South Asia】
【Penal Discussion: What contributes to the large price gap between China and India? Will ship recycling subsidy policy reduce the ship recycling proportion of imported scrapped vessels】
Section 3: Green ship recycling
The European Parliament and the EU Council have adopted the EU Ship Recycling Regulation, which will pose constraint force as well as help constructing green ship recycling concept for EU ship owners —strictly establish IHMs and ship recycling plans to enhance the ship recycling standard and minimize the environmental pollution. This will undoubtedly have significant influence on global green ship recycling market pattern, and in the meantime, indicates that the application for enrollment in EU Authorization List is put on the agenda. Will the EU policy be able to promote the development of green ship recycling as wished? In recent years, China has achieved obvious progress in green ship recycling and aroused global concerns; can we take this opportunity to rise up? How ship recycling industry can tackle the “green” challenges?
【Interpretation of the EU Ship Recycling Regulation and its influence on markets】
【Green ship recycling technology—IHMs, ship recycling plan】
【Penal Discussion: How long will it take for Chinese scrapping yards to be on the list of EU SRR? With the continuous widening of scrapping price gap between China and India, will the EU ship owners be willing to pay for the loss cause by EU SRR?】
Event Highlights
Will the demand for scrap steel be revitalized in the light of current domestic macro economy and relevant stimulus policies?
Taking into account the supply and demand of shipping market, will the bullish NB and SNP market speed up ship recycling?
Will scrapped vessels continuously flow in large scale to South Asia as the price gap between China and India Subcontinent has reached USD150/LTD?
How will Chinese ship owners benefit from domestic ship recycling subsidy policies? Will subsidy policies save Chinese ship recycling industry from dilemma?
As the EU Ship Recycling Regulation is formulated with painstaking efforts, will green ship recycling contribute to the rise of domestic ship recycling industry in China?