The region’s premier maritime industry event is back in Dubai. SMEM 2006 is the biggest show yet – an absolute must for decision makers in the business. Sea Freight Middle East meets Christopher Hayman, CEO of Seatrade and finds out what’s in store this year.
• On the back of two hugely successful events, SMEM returns in 2006 with the biggest show yet for the region’s maritime industries.
The outlook for the shipping industry in the Middle East is increasingly positive.
Virtually all sectors are still experiencing regional growth, container and chemical, general and project, and tanker.
Middle Eastern shipping lines have shown steady growth in volume and freight rate levels, regional ports are investing heavily and expanding their facilities, and local ship owners are investing in more and more new buildings and upgrades.
Trade links between the Middle East and the subcontinent are expanding at a phenomenal pace, and the maritime industries of West and Central Asia are keeping pace with this regional trade.
For some time the potential of the Gulf area and the Indian Ocean for cruise tourism has been recognised.
2006 looks like being an important year for the realisation of that potential, with imminent decisions on deployment, and this year’s show will reflect on the opportunities that market offers.
At the centre of the ambitious expansion being undertaken around the Gulf is the enterprising United Arab Emirates.
Dubai has become a premier global business hub, and has achieved the status of a world shipping centre.
Charterers, brokers, managers and insurers from across the globe are opening offices in Dubai – many planning to do so in the Emirate’s impressive new business centre, Dubai Maritime City.
For years Seatrade events have brought the shipping industry’s best people together, and this year’s show promises nothing less.
With a packed social calendar to accompany the business
side, including a jazz concert in the desert, the event will be the best yet.
Chris Hayman, managing director, Seatrade
When: Day One 1400 - 1630 hrs
Will cover: Comprehensive analysis of the state of the industry across the Middle East and Central Asia.
Synopsis: The transformation of the maritime sector in the region continues at a rapid pace, against a background of strong demand.
Established operators are modernising and expanding their fleets while the arrival on the scene of new companies is bringing an entrepreneurial approach to the industry.
Discover: Who are the new maritime players in the Middle East and what is driving their growth strategies?
Is the infrastructure in place and the business environment right to support the ambitions of the shipping sector?
Is this the climate for joint venturing with international partners?
Includes speeches from Ahmad Armoush, group chairman, Jordan National Shipping Lines and Fred Doll, managing director, Doll Shipping Consultancy.
when: Day Two 0930 – 1200 hrs
Will cover: Energy Transportation.
Synopsis: The expansion of refinery capacity in the region and its impact on oil transportation.
Oil exports and the likely future pattern of tanker demand.
LNG exports and the transport of gas.
Applying economies of scale.
Discover: Oil company strategies for energy transportation.
Including speech by Peter Swift, managing director, Intertanko.
when: Day Two 1400 – 1630 hrs
Will cover: Dry bulk shipping
Synopsis: What large-scale economic development across the region means for dry bulk cargo movements.
Discover: Regional ship owners and their engagement with the dry bulk trades.
Links with the Indian subcontinent, Asia and Africa.
Including speech by Roger Holt, Intercargo.
Port development and liner shipping
when: Day Three 0930 – 1200 hrs
Will cover: Global trends in the ownership of ports and their significance for shipping lines.
The outlook for container traffic and the growth prospects for intra-regional trade in the Middle East.
Discover: Insight from local industry experts into port and infrastructure development throughout the Middle East.
Includes speech from Ahmad Hayat, chairman, Karachi Port Trust.
Finance for shipping
when: Day Three AM, follows
Will cover: Opportunities for international lenders to enter the market and set up in the region.
Synopsis: What the region’s ship owners are looking for.
Discover: The role of Shari’ah compliant instruments for the financing of marine assets.
Assesment of the equity markets and investor sentiment.
Speakers will include Manoj Asnani, vice president, investment banking, JPMorgan Securities.
Ship repair and marine technology
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When: Day Three 1400 – 1630 hrs
Will cover: The profile of ship repair across the region and the growing service and technical infrastructure.
The FPSO market and the opportunity it presents for regional yards
Discover: How to meet the growing demand for LNG repair, FPSO conversions, and dry-docking in the Middle East.