Asian shipowners

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I am very happy to be here this morning to address this very distinguished audience at the opening plenary session of the 13th Asian Shipowners Forum or the ASF. To the many of you who have come from abroad, let me extend a very warm welcome to you. I hope your stay in Singapore will be a very pleasant and interesting and productive one.

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At the meeting, shipowners addressed major issues, including safety, security and the environment, currently facing the shipping industry. The Forum discussed recent reports and while noting that piratical activities off East Africa would appear to have abated, urged shipowners to remain vigilant and continue to apply BMP4 when transiting the area. In addition, the Forum urged governments and all stakeholders to continue exercising strong political will to resolve the problem. Noting that there are still about 62 seafarers held in captivity by the Somali pirates on ships and ashore, Fu Xiangyang, Chairman of the Seafarers Committee, expressed the urgent need for the international community to take decisive action to seek their release.

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London - The Asian Shipowners Forum ASF has called for the development of environmentally-friendly ship recycling yards in multiple countries to deal with global demand for ship demolition, which is forecast to remain high in the coming years. Furthermore, the vessels will have to travel longer distances, incurring additional bunker expenses to reach the yard. Commenting on the ship recycling method commonly used in South Asian countries, the ASF said that in light of the necessity of ensuring sufficient capacity of environmentally friendly ship recycling yards in multiple countries, each recycling facility should be assessed not in respect of ship recycling methods but on a case-by-case basis on whether requirements pertaining to safety and environmental protection are met.

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Asia Shipowners focused on the following four challenges: World Economy U. On the other hand, there is concern about how future economic policy and other policy initiatives under the Trump administration might affect not only the U. With regard to EU, there is a projection that growth in Euro area in will continue at a lower level, primarily because of political uncertainties such as both unpredictable Brexit process and upcoming elections in some major EU countries that could continue to slow economic momentum.

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The ASA SC therefore encourages shipowners to consider providing internet connectivity for all seafarers. Such provision of facilities will enable seafarers to stay connected beyond the vessels, and may help manage this issue and is particularly important for attracting young seafarers. Limitation of liability — Trade affected by Unilateral actions. The uncertainties caused by such decisions may result in substantial costs to trade with these countries.

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Challenging times: How is Asia responding? MCF Training Grant is available for eligible participants. Please refer to www.

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Plan, arrange, oversee and serve as Secretary at the meetings of the ASA. Able to manage and articulate on technical, legal or policy matters that concern Asian and international shipping during meetings. Keep abreast and updated on issues and developments concerning Asian and international shipping industry, and to prepare research reports as appropriate. Liaise with relevant government agencies, professional bodies and industry bodies on all matters connected with Asian and international shipping.

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