Lloyd’s List Summit
Lloyd’s List assembles power brokers to debate strategies for industry recovery
Chaired by Lloyd’s List Editor Richard Meade, the one-day summit will explore via debates, on-stage interviews and audience interaction the key issues facing shipping decision makers as the market edges towards recovery.
Lloyd’s List kicks off its inaugural shipping summit on May 9 at the Royal Institution of Great Britain in London at a time when the seeds of shipping’s recovery look to be planted, but the near-term remains uncertain.
All markets face tremendous challenges.
Some owners face a threat to their survival. The entire character of ship financing is changing. Energy concerns, regulatory compliance and ship design are cost drivers but also competitive lynchpins.
Shipping’s most prominent region, Asia, is exerting more control.
And it is a fact that the market is moving, slowly, inexorably from its downcycle. Ship prices may have bottomed and, in any event, key owners are investing in new ships, with the advantage of being able to deploy eco-designs as a catalyst.
Cargo demand is shifting, as global consumption patterns shift toward the east. The market is being led by forces that owners, policymakers, financial institutions and shippers are trying to grasp to make decisions that will shape their next five years.
The timing, then, is good for a discussion of best approaches and long-term solutions.
What makes a shipping summit different from a conference or executive talking-shop? It’s a matter of influence.
When a select group of government leaders and power brokers get together at Davos each year for the annual talks on economics and globalisation, it’s impressive, to be sure. But can they truly change the world?
They have a hand in big decisions but, as a matter of genuine control, we suspect that Davos man is somewhat overhyped.
The dimensions and structure of the shipping world are such that the figures that rank in our annual Lloyd’s List Top 100 actually do hold the reins.
A relatively small group can hold an outsized influence on industry direction. The raison d’être of the Lloyd’s List Shipping Summit is to gather this group of global influencers in one room, present the issues underlying the recovery and let the ideas flow.
Shipping, of course, is a business — and one in which the top practitioners make a point of not showing their hand.
But the various sectors of shipping also operate in an economic and political environment shaped by issues that concern each player, and over which common agreement and action can be applied.
The point of this summit is to produce ideas that will ensure a sound recovery and a sustained fair, competitive market.
The influence of the generation of energy-efficient ships on the market — from an owners’ perspective, what is the best approach?
What is the optimal solution for getting rid of the excess tonnage that is killing rates?
Ailing shipyards underline the the increasing role of government money in ship financing. But is this policy bank largesse a good thing for the industry?
The financing gap — will alternate funding to traditional bank debt finally materialise, and how?
The transfer of influence from Europe to Asia is well under way. How can China be brought more directly into conversation with the global industry.
What innovations are being undertaken now that will change shipping’s future?
These and other crucial questions will frame the debate in what promises to be a remarkable day — and one that we urge you not to miss.
Forget Davos; join Lloyd’s List on May 9 at the Royal Institution of Great Britain for the shipping summit of summits.