SHANGHAI: The 2nd China International Import Expo (CIIE) kicked off on November 5 at the National Exhibition and Convention Center (Shanghai). On November 6, the 2nd day after its opening, COSCO SHIPPING hosted the World Shipping Summit 2019, the largest supporting event of the Expo, signed a number of procurement agreements and attended related activities.
World Shipping Summit 2019 – “Construction and Value of World Shipping Industry Chain”On November 6, the World Shipping Summit 2019, co-sponsored by COSCO SHIPPING, Drewry and IHS Markit, was held at the National Exhibition and Convention Center (Shanghai).
Known as the “Davos Forum of the shipping industry”, this event attracted nearly 1,000 representatives of participants in the shipping industry chain, such as shipping, logistics, terminals, shippers, financial institutions, manufacturers, technicians and regulators from dozens of countries and regions.
Capt. Xu Lirong, Chairman of COSCO SHIPPING, delivered a keynote speech entitled “Solution and Way Out: Shipping Industry Chain Cooperation” at the summit. He said viewed from both the internal and external environments of shipping and the push of new technologies, deep cooperation in the industry chain represents the general trend. He said to build the shipping industry chain, enterprises at various links need to make changes for in-depth cooperation. Currently, shipping industry chain cooperation is conducted through three basic ways: “supply-and-demand-oriented”, “property-oriented” and “contract-oriented”, which have their respective advantages and limitations. Therefore, only by innovating the combination of these ways can we improve the quality of industry chain cooperation. Capt. Xu said enterprises in the industry chain should have the right thinking about the industry, follow the concept of solidarity and take concrete actions to jointly build a community of a shared future. Only in this way can we achieve high-quality and sustainable development.
Revolving around the theme of “Construction and Value of World Shipping Industry Chain” more than 30 world-renowned economists shared their thoughts and judgments on the major issues facing the international shipping market, including improving service quality, absorbing excess capacity, and balancing industrial development, to seek future directions and value realization modes for the industry.
Mr. Tan Chong Meng, Group CEO of PSA International Pte. Ltd.: Digital revolution will break barriers between ports. Taking advantage of information technology, we will attempt to achieve compatibility of different data and integrate information of the entire industry to forecast future market directions and chart a new course for industry chain cooperation between carriers and ports.
Mr. Hashimoto Takeshi, Executive Vice President and Executive Officer of Mitsui O.S.K. Lines, Ltd.: Shipping demand forecast is important for investment decisions, and shipping companies should share their forecasted results. Meanwhile, as a key link in the supply chain, shipping companies should adopt rational thinking and optimize decisions regarding future investment and promote the sound development of the market.
Mr. Richard Meade, Managing Editor of Lloyd’s List: The government attention to shipping activities and shipowners’ network has reached an unprecedented level. In addition, technical progress and the advent of the era of big data have boosted cooperation within the shipping community, which requires shipowners to increase transparency. Shipping companies need to enhance risk awareness, ensure compliance, make good use of digital technology to improve the supply chain efficiency, and seek new cooperation opportunities while their security is guaranteed.
During the summit, on behalf of the corporation, Mr. Sun Yunfei, Executive Vice President and Chief Financial Officer of COSCO SHIPPING and representatives from 14 enterprises and industry organizations jointly launched the “Global Shipping Industry Chain Cooperation” initiative based on the principle of equality, voluntariness, and achieving shared growth through discussion and collaboration. They were representatives of shippers, including Mr. Lu Xiaodong, Executive Vice President of China Grain Reserves Group Ltd. Company, Mr. Yan Xiaojun, Deputy General Manager of Chalco Logistics Group Co., Ltd. and head of China FAW Group Co., Ltd.; representatives of carriers, including Ms. Silvia Ding, Senior Vice President and Global Head of Ocean Products of A.P. Møller – Maersk, Mr. Anchor Chang, Chairman of Evergreen Marine Corporation (Taiwan) Ltd., Mr. Chih-Chien Hsieh, Chairman and CEO of Yang Ming Marine Transport Corp., Mr. Chen Bing, President and CEO of Seaspan Ship Management Ltd. and Ms. Audrey Dolhen, Chief Commercial Officer of CMA CGM China; representatives of ports, including Mr. Li Fengli, Managing Director of Shandong Port Group and Chairman of Qingdao Port Group and Mr. Vincent De Saedeleer, Hon. VP of Port of Zeebrugge; representatives of technicians, including Mr. Kojima Yasuhiro, Vice Executive Officer of Kawasaki Heavy Industries Ltd. and Mr. Zhao Dachun, Vice President of China Mobile Communications Group Co., Ltd.; and representatives of industry organizations, including Ms. Sabrina Chao, President Designated of BIMCO.
