22 January 2012

Ship Recycling Forum 2012:

Who's Paying?

“The TradeWinds Recycling Forum is a premier event covering the industry with the active participation of all its significant players. Here, the debates and dialogues result in an impetus for progress in the industry. We are delighted to be supporting this important event and welcome the shipping community to the Lion City Singapore!” -Rakesh Khetan (Billu), CEO, WIRANA

Latest press release for Ship Recycling Forum 2012, powered by MyNewsDesk.

Why Attend?

More and more shipowners consider scrapping to be a ‘headline risk’, but still for many it’s a risk worth taking. Recycling facilities in the Indian sub continent require capital and expertise to bring them to Hong Kong Convention standards, but who will pay? Can there ever be an acceptable price worth paying for dangerous working conditions? Large scale investments in ship recycling facilities in China are planned, but are changes in global legislation needed first for such projects ever to pay?

The ship recycling market never stands still. To quote TradeWinds, ‘A lack of credit, falling prices, a disconnect between expectations and reality coupled with wider economic woes have lead to a “tumultuous” Autumn for the ship recycling industry.’ And now, following COP10 in Cartagena, international opinion appears to remain split over the controversial issue of whether the HKC provides an equivalent level of control as the Basel Convention in preventing the dumping of waste in developing countries. So can the industry now expect further legislative changes in the pipeline for shipowners and recyclers?

Whatever your priority - obtaining the best price for a ship or promoting green recycling - or both – this Forum offers the right contacts and practical guidance for you to successfully navigate the commercial, regulatory and public relations minefield.

Make sure you are up to date with the very latest changes – markets, technology and legislation when the industry meets in Singapore.


12 March: Technical

12.45 – 14.45 ISRA General Meeting (open to delegates))

15.00 TradeWinds Ship Recycling Forum registration & welcome coffee

Side effects of raised awareness on HazMats: how can ship owners deal with the risks?
• Asbestos surveys on Chinese newbuildings.
• Getting the ship you contracted
• Avoiding operational risks (e.g. Australia and Netherlands)
• Avoidance of liability
• Cleaning up the supply chain
• Assuring compliance
• Creating a chain of liability and already available tools
• Selecting the most appropriate certifiers, for ship owners and recyclers

Web-based software for managing your fleet IHM

18.00 – 19.30 Welcome reception kindly hosted by ClassNK

13 March: Commercial & political

8.30 Welcome coffee & croissants

8.50 Welcome remarks

9.00 SESSION 1: Ship owner’s priorities, challenges and obligations when scrapping.

Forum keynote address: The shipowners’ role in recycling

What are the ingredients of a successful transaction?
What do shipowners want from cash buyers?
The do’s and don’ts of scrapping from a shipowner’s perspective.

Where does the balance of burden lie?

Q&A (15 minutes)

10.15 Coffee break

10.30 SESSION 2: Finding a workable way forward – getting to grips with global ship recycling legislation.

Session keynote & panel discussion on keynote

What does the future hold - outlook for the Hong Kong Convention after COP10? Are new regulations creating commercial opportunities? Where does it leave ship owners looking to stay on the right side of the law and environmental pressure groups?

13.00 Delegate luncheon

14.00 SESSION 3: Who’s paying? Panel discussion with Nisha Pillai, International journalist and broadcaster

All agree on the need for higher standards, but who is willing to pay?
Is it unrealistic to expect the change to happen over-night and does scrapping enjoying the image it deserves?

Nisha Pillai brings 25 years of experience as a BBC journalist and news anchor to her role as moderator. Until recently, Nisha was one of the main news anchors for BBC World News, presenting rolling news programmes to global audiences. She also has many years of investigative reporting for the BBC’s Panorama and Money Programme under her belt.

15.30 Afternoon tea break

15.45 SESSION 4: Supply and Demand – where are prices going?

What market dynamics are in play? What’s happening in the steel demand sector – India, Bangladesh and China. What are the drivers and market dynamics for scrap steel demand? Are bans on single hulls, low freight rates and tonnage oversupply pushing more ships towards the beaches? What are market measurement challenges of unreported sales.

2 X 10 minutes market snapshots followed by discussion

Factors affecting steel demand and the correlation with scrap prices.

Supply – factors contributing to the rise in scrapping candidates and volume – what can be expected in the next 12-18 months?

17.00 Forum concludes

17.00 – 18.00 Cocktail reception kindly hosted by Sea2Cradle & Lloyd’s Register

18.15 Transport to venue for TradeWinds Ship Recycling Forum dinner kindly hosted by Wirana

  • Programme may be subject to change.


Date: 12 - 13 March

Location: Singapore

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Non-TradeWinds subscribers:

Source: NHST Events

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