Singapore remains a premier global hub port and leading international maritime centre in spite of the choppy conditions of the shipping industry, which is facing headwinds due to the softening global economy, oversupply of capacity and depressed freight rates.
In the 11th edition of the Singapore Maritime Week (SMW 2016), the Maritime and Port Authority of Singapore (MPA) aims to address the many ways Singapore can maintain its competitive advantage on a global scale. In conjunction with the theme of SMW, “Positioning for Future Growth”, this year’s programme has been designed to address the critical issues impacting the maritime industry.
Discussions will surround key concerns in the industry, trends and opportunities over a week-long series of maritime events; including a thought-provoking keynote maritime lecture and high-level forum, dialogues, social events and public showcases that will bring Maritime Singapore closer to the masses.
Over the last decade, SMW has grown in size and significance. As new activities are added to the line-up, participants can look forward to experiencing something new each year. This year, SMW 2016 will feature 31 events, out of which 16 are new.
Anchoring SMW 2016 is the Singapore Maritime Lecture. The Lecture will mark its 10th edition with a high-level forum, with around 400 senior maritime professionals from across the globe in attendance. These industry experts will gather to discuss critical issues and offer their expert opinion on the future of shipping. Keynote speaker Mr Kristian Siem, Chairman of Siem Industries, a diversified industrial grouping with interests in oil and gas services, ocean-transport of refrigerated cargoes, automobiles, shipyard, and finance among others, will lead a panel discussion of luminaries such as; Mr Andreas Sohmen-Pao, Chairman of BW Group, Mr David Carbon, Managing Director of Economic and Currency Research, DBS Bank and Mr Teo Siong Seng, Managing Director Pacific International Lines.
Mr Andrew Tan, Chief Executive of MPA, said, “Given the uncertain market outlook, SMW 2016 will be about sharpening competitiveness in the industry by addressing the economic challenges and identifying unexplored areas for growth. By creating awareness, building interest in the sector and enhancing understanding vis-a-vis our line-up of events, we hope to foster a stronger, more cohesive maritime community that will weather the headwinds and be well-positioned for growth opportunities that are inevitable when the tide turns.”