Raport z Rynku Archive

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The Asian shipbuilding industry is going full speed ahead

Posted in: Anti-equilibrium, Branże, Felietony, Firmy, Marketing, Prawo, Raport z Rynku

 

By Marek Grzybowski

The shipbuilding industry is booming and shipowners are fighting for places on the docks. Unfortunately, but in Asian shipyards. European shipyards save themselves by orders for passenger ships, specialized ships and ships. Companies from the shipyard’s environment save themselves by selling the latest equipment and technologies to Asian shipyards.
– Demand for innovative ships is growing and it looks like the reopening of decommissioned shipyards, especially in China – announces Mohamed Rabie of SnP Broker Intermodal in the latest report.
Prices of ordered ships and on the secondary market remain high. Prices for new LNG carriers in June 2023 were around USD 218 million. Indicative prices for 5-year-old used LNG tankers in June 2023 were estimated at USD 200 million, Banchero Costa reports. This is important information for Poland, because we are planning to build an FSRU terminal in Gdańsk. And some terminals are built on the basis of modernized units purchased on the secondary market.
For comparison, Newcastlemax bulk carriers in June 2023 were contracted for approximately USD 66.5 million, and USD 60 million for the Standard Capesize. In June 2023, 5-year-old Newcastlemax ships cost USD 50 million, and Standard Capesize around USD 46.3 million.

High prices for new and used ships
In June this year, the shipyards demanded about USD 130 million for the VLCC vessel, USD 83 million for the Suezmax and USD 67.1 million for the Aframax for the new oil tankers. For the 5-year-old tanker, prices in June 2023 were estimated at around USD 97.6 million for VLCC, USD 69.2 million for Suezmax and around USD 64.2 million for Aframax.
Product prices remained stable. For example, in June this year, the MR2 tanker was contracted for approximately USD 46.6 million. On the other hand, the 5-year-old MR2 ship was offered in June 2023 for approximately USD 42.5 million, according to Banchero Costa experts in the latest reports.
– During the first 6 months of 2023, a total of 719 ships were contracted, of which 24.2% were bulk carriers, 23.09% were tankers (oil and products), 9.46% were containers, 5.01% were LPG tankers, and 4.31% LNG carriers, according to the latest Intermodal report.

The shipyard’s production capacity is increasing
– The shipyard’s production capacity is expected to be increased by 1.5 million CGT after the reopening of 12 shipyards in China. Thus, the 299 active shipyards in 2023 represent a total production capacity of 54 million CGT, believes Chara Georgousi.
Utilization of the 80 leading Asian shipyards is projected to increase to 83% in 2023 from 65% in 2022, while in 2024 it could increase to 91%. According to her, “Leading shipyards in South Korea and China are ahead of shipyards in Japan and other countries.”
The procurement structure for environmentally friendly ships is also changing. The number of units ordered with dual-fuel engines is increasing, the number of orders for power plants with scrubbers (washers) is decreasing. This is good news for European manufacturers of innovative engines, scrubbers and ship propulsion systems powered by batteries or LNG.
– In the first five months of 2023, 20% of the ordered ships will be able to use alternative fuels – says Antonis Tsimplakis – columnist for “Naftemporiki”. 6% of them will be fueled with gas from LNG tanks, 9% with methanol, and only 5% with LPG.

Alternative fuel course
Market analysis conducted by Intermodal shows that from 2022, most new ships ordered are equipped with some kind of emission reduction technology or with “off-the-shelf” technologies for the use of alternative fuels. According to Intermodal, this trend will continue in the coming years.
Today, in the case of the active fleet, approximately 0.54% of ships use alternative fuels, while in the shipyard order book the percentage that will use alternative fuels reaches 14.69%.
– Currently, 911 ships use LNG as fuel, 182 ships use LPG, 127 ships use methanol and only 27 ships use hydrogen. Of the current order backlog, 10.31% of ships will be powered by LNG, 2.03% by methanol, 1.91% by LPG and just 0.42% by hydrogen, according to Tsimplakis.

China is the leader – orders increased by 67.7%
Published by the China Association of the National Shipbuilding Industry (CANSI) Statistics after the first half of this year. reported that there was an increase in the number of new contracts in Chinese shipyards by 67.7%. Among them, export orders account for 92.8% of contracts.
Orders for the construction of new ships rose sharply this year. Container ships and LNG carriers still dominate the docks of Chinese shipyards. More oil and product tanker contracts have emerged.
– In the first half of the year, Chinese shipyard workers delivered ships with a carrying capacity of 21.13 million tons, which means an increase of 14.2% year on year – reports CANSI.
In the first six months, China’s shipbuilding output accounted for 49.6% of world output. However, the portfolio for new orders for shipbuilding accounted for 72.6% of global contracts, which corresponded to 53.2% of the deadweight capacity in the global market.

More: BSSC

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BCG – Most Innovative Companies 2023

Posted in: CRM, Innovation, Logistyka, Makroekonomia, Marketing, Raport z Rynku, Zarządzanie Firmą

For the third straight year, the evidence is mounting: companies that both prioritize innovation and make sure that they are ready to act are widening the gap over less capable competitors. The leaders at these firms are consistently delivering new products, entering new
markets, and establishing new revenue streams. The laggards struggle to make headway beyond incremental improvements.

This year, the findings from our global innovation survey dovetail with other new BCG research showing that companies
built for the future share a common set of attributes that enable them to exhibit superior performance, be more resilient to shocks and disruptions, and exploit innovation faster for value-creating growth. In addition to people and technology capabilities (including, importantly, AI), one of these attributes is an innovation-driven culture.

In this year’s Most Innovative Companies report, we examine what innovation-ready leaders (those that are ready to develop product, process, and business model innovations that can deliver sustainable impact) are doing to pull ahead and how innovation is building their resilience to economic uncertainty and fueling their pursuit of lower emissions. In “A Downturn Ups the Stakes in Innovation,” we explore how a potential downturn in 2023 is evoking a much different response than did the 2009 financial crisis, especially among leading firms. In “How Early Winners Are Unlocking AI’s Potential,” we dig into the critical role of artificial intelligence (AI) in innovation as in many other areas of business today.

More: BCG Publications 2023

Innovation has never been more important—and leading innovators are showing why. The top 50 companies in the 2023 Most Innovative Companies report outperform the MSCI World Index on shareholder return by 3.3 percentage points per year.

How Leaders Are Demonstrating the Advantages of Innovation

In this year’s Most Innovative Companies report, we examine what innovation-ready leaders (those that are ready to develop product, process, and business model innovations that can deliver sustainable impact) are doing to pull ahead. We also discuss the importance of innovation in terms of how it helps leaders build their resilience to economic uncertainty.

Download the 2023 Most Innovative Companies report

The Formula for Innovation from Leading Companies

Leaders are consistently delivering new products, entering new markets, and establishing new revenue streams, while laggards struggle to make headway beyond incremental improvements.

Read chapter one

Explore the interactive rankings
Explore the interactive rankings
15-Years-Most-Innovative-Promo.jpg

17 Years of the Most Innovative Companies
BCG started publishing an annual innovation report—with its list of the 50 companies most admired by global innovation executives—in 2005. Explore the changing rankings and the rich history of innovation thought leadership.

A Downturn Ups the Stakes in Innovation

Times have changed. During the 2009 downturn, only 58% of companies planned to increase spending and almost 15% expected to cut innovation investment. Today, a growing number of companies are beginning to recognize the advantages of innovation, with 79% ranking it among their top three priorities (15 points more than in 2009) and 66% planning to increase spending (42% by more than 10%).

Read chapter two

How Early Winners Are Unlocking AI’s Potentials

The question is not whether AI can have an impact, but rather if companies are using AI properly and for use cases with the potential to drive real business value.

Read chapter three

Building Resilience and Advantage Through Innovation

Once again, we see the most innovative companies producing greater shareholder returns and building resilience and advantage through innovation. BCG’s 2023 global survey highlights the advantages of innovation and how leaders are outpacing others by using tools whose importance is climbing fast, such as M&A, portfolio planning, and AI.

Our 2023 survey found a near-record high level of innovation importance: 79% of companies ranked innovation among their top three priorities, up from 75% in 2022, and more than 40% expect to significantly increase spending this year, a jump of 16 percentage points over the last economic downturn in 2009.

But there is also an emerging group of companies that is going much further and putting innovation front and center in their future growth strategies. While all companies on average expect to allocate more money toward incremental innovations close to the core, this small group of innovation-ready companies is allocating fully one-third of spending toward developing breakthrough innovations.

These companies use a wide array of strategic tools to strengthen their innovation platforms and practices and are much more aggressive in their use of M&A, targeting innovative technologies or processes, or acquiring leaders and employees with a demonstrated ability to innovate. They also are more likely to orchestrate or participate in ecosystems, engaging with external partners—and even competitors—on innovations. They drive digital innovation with a clear bias toward new digital products, agile teaming, and improving customer and marketing insights. They leverage the power of innovation in AI, and regularly review the performance of innovation units or vehicles and shift resources toward centers of success. They understand that effective portfolio governance and management, especially with respect to data transparency, are key to driving impact.

Explore 17 years of the 50 most innovative companies

Authors: By Justin Manly, Michael Ringel, Amy MacDougall, Will Cornock, Johann D. Harnoss, Konstantinos Apostolatos, Ramón Baeza, Ryoji Kimura, Michael Ward, Beth Viner, Jean-Manuel Izaret, Wendi Backler, Vladimir Lukic, Sylvain Duranton, and Romain de Laubier

 

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Athens Institute for Education and Research Newsletter No. 20, April 2023

Posted in: Anti-equilibrium, Felietony, Menedżerowie, Nobliści, Opinie, Prawo, Raport z Rynku, Zarządzanie Firmą

atiner12800-white

Athens Institute for Education and Research
Newsletter No. 20, April 2023  
 
  • From 1 to 4 May ATINER successfully organized its Annual academic meetings (Sociology, Business Law & Economics, Ethics, Health & Medical Sciences, Nursing and Pharmaceutical conferences) in 9 Chalkokonidli str., Athens, Greece.
  • On Monday 1 May 2023, 18:00-20:30, a Round-Table Discussion on “The Post Pandemic World: Learning from Country Experiences was organized as part of the conferences. More information can be found at: https://www.atiner.gr/events/1May2023.pdf
  • On Monday 8 May 2023, 14:00-15:00, ATINER is organizing a Round-Table Discussion on “ Challenges for Mass Media and Communication: How to Cover Wars, Pandemics and Sports”. More information can be found at: https://www.atiner.gr/events/8May2023.pdf
  • On Tuesday 9 May 2023, 12:30-14:30, ATINER is organizing a Round-Table Discussion on “The Turkish Elections of 2023: National and International Facets”. More information can be found at: https://www.atiner.gr/events/9May2023.pdf
  • On Monday 15 May 2023, 18:00-20:00, ATINER is organizing a Round-Table Discussion on “ Teaching and Researching in the Post Pandemic World: Learning from Country Experiences”. More information can be found at: https://www.atiner.gr/events/15May2023.pdf

Publications Uploaded This Month

Events with a May Deadline 

26-29 June 2023

Abstract Deadline: 16 May 2023

 

 

3-6 July 2023

  • 21st Annual International Conference on Finance
    Academic Member Responsible for the Conference:
    Dr. Peter Koveos, Head, Finance Unit, ATINER & Professor of Finance, Syracuse University, USA.
  • 21st Annual International Conference on Accounting
    Academic Members Responsible for the Conference:
    Dr. Nicholas Marudas, Head, Accounting Unit, ATINER & Associate Professor, Mercer University, USA.
    Dr. Peter Koveos, Head, Finance Unit, ATINER & Professor of Finance, Syracuse University, USA.
  • 16th Annual International Conference on Languages & Linguistics
    Academic Member Responsible for the Conference:
    Dr. Valia Spiliotopoulos, Head, Languages & Linguistics Unit, ATINER & Instructor, Department of Language and Literacy Education, The University of British Columbia, Canada.
  • 13th Annual International Conference on Architecture
    Academic Members Responsible for the Conference:
    Dr. Nicholas N. Patricios, Vice President of Strategic Planning & Analysis, ATINER, Dean Emeritus & Professor, School of Architecture, University of Miami, USA.
    Dr. Clara Germana Gonçalves, Head, Architecture Unit, ATINER & Researcher, CITAD (Centro de Investigação em Território, Arquitectura e Design), Lusíada University and Invited Assistant Professor, Lisbon School of Architecture, University of Lisbon, Portugal.
  • 7th Annual International Symposium on “Higher Education in a Global World”
    Academic Members Responsible for the Conference:
    Dr. Nick Linardopoulos, Head, Education Unit, ATINER & Associate Teaching Professor & Public Speaking Course Coordinator, Rutgers University, USA.
    Dr. John Spiridakis, Co-Editor,     Athens Journal of Education & Interim Chair and Professor, St. John University, USA.

Abstract Deadline: 23 May 2023

 

10-13 July 2023

Abstract Deadline: 30 May 2023
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Sidsel Norvik, Director, Nor-Shipping: Nor-Shipping it is a world leading arena of the maritime innovations and business

Posted in: Anti-equilibrium, CRM, Nowe Technologie, Raport z Rynku, Zarządzanie Finansowe, Zarządzanie Firmą

Marek Grzybowski (5) questions to Sidsel Norvik, Director, Nor-Shipping, An exclusive interview to Baltic Journalist Maritime Club  of the Baltic Sea & Space Cluster  (BSSC)

The aftermaths of COVID and the attack on Ukraine has created huge waves of uncertainty and instability all over the world and anyone operating internationally is affected by geopolitical upheavals and the years ahead will focus on zero emissions and climate neutrality. The maritime business is indeed very complex, dynamic and fast evolving, which in turn makes an arena like Nor-Shipping very important. Nor-Shipping is a world leading arena, where cutting edge Norwegian and international companies showcase the innovations that deliver competitive advantage for their customers. Nor-Shipping’s partnership with WISTA is a key contributor in our effort to raise awareness of the challenges and the many great opportunities for women in shipping. Ocean Campus is an important part of the Nor-Shipping. It  is a dedicated island of exhibition booths showcasing some of the world’s leading maritime universities and colleges. Leading Ocean Campus Partner is the World Maritime University (WMU).

Marek Grzybowski: Maritime business today is shipping, ports and logistics, oil and gas production, offshore wind farms, fish and seafood production, it is sea tourism and exploration, it is science and education, it is a large area of ​​creating innovation, it is a specific community of people, business and people who love the oceans, they are partners in business, science and environmental protection. Can you briefly characterize the Nor-Shipping event?

Sidsel Norvik, Director, Nor-Shipping: Nor-Shipping is a world leading arena, where cutting edge Norwegian and international companies showcase the innovations that deliver competitive advantage for their customers. It is the place where the maritime, tech, finance and wider business segments cross paths to learn from one another, forge partnerships, and access new economic value creation.

The 22,000 m2 exhibition space is the beating heart of the week’s activity. This is where delegates and visitors can experience the products, services and companies that will help drive a new age of ocean industry development. Spiced with a lot of topical conferences and a dynamic after work festival, Nor-Shipping provide an invaluable combination of insight, business opportunities and social networking.

Marek Grzybowski: The maritime business is extremely complex, currently developing in close connection with IT, AI, space technologies, VR and IoT. What is the concept of presenting the business sector, science and companies just entering the maritime business in exhibition halls?

Sidsel Norvik, Director, Nor-Shipping: The maritime business is indeed very complex, dynamic and fast evolving, which in turn makes an arena like Nor-Shipping very important. Just by walking the isles, you get to experience the latest innovation and technology from a wide range of maritime segments and countries – all in one place.

You can also attend the Blue Talks, Technical seminars and the Offshore Aquaculture conference for free and you can upgrade your ticket with a small fee to join the 2nd Maritime Hydrogen Conference, the 1st Offshore Wind Conference, the 4th Int. Ship Autonomy and Sustainability Summit and a lot more. The program is vast and easily available to plan your participation.

Marek Grzybowski: Nor-Shipping is an opportunity to present the latest achievements in science and technology. However, the context in which the maritime economy functions cannot be avoided. Russia’s attack on Ukraine clearly affected the conditions for the functioning of the maritime economy. Nor-Shipping has confirmed that Joseph E. Stiglitz, the renowned Nobel laureate in Economics and former Chief Economist at the World Bank, will be a keynote speaker at this year’s Ocean Leadership Conference, taking place in Lillestrøm, Norway, 6 June. The war on land caused significant changes in the operation of maritime business. Do you expect this topic to come up during the 2023 Nor-Shipping Ocean Leadership Conference?

Sidsel Norvik, Director, Nor-Shipping: The aftermaths of COVID and the attack on Ukraine has created huge waves of uncertainty and instability all over the world and anyone operating internationally is affected by geopolitical upheavals and the years ahead will focus on zero emissions and climate neutrality. All in all a challenging landscape to navigate in. This year’s Ocean Leadership Conference will bring together high-profile international leaders, from the ocean industries and beyond, to ask how we can move forward towards collective goals, and individual business ambitions.

Together we will assess if partnerships between maritime players, energy suppliers, financial institutions, authorities and other central stakeholders holds the key to unlocking the energy transition and decarbonisation of shipping. The future will not be defined by individual companies, or isolated breakthroughs, but rather by how we move together for a profitable tomorrow.

Marek Grzybowski: The role of women in the maritime business is growing. WISTA Norway is a partner of Nor-Shipping. WISTA Norway launched ‘40 by 30’ Pledge to allow the maritime company to show that the company actively commit to promoting diversity in the maritime industry. Do you anticipate special businesswoman activity during meetings in 2023?

Sidsel Norvik, Director, Nor-Shipping: To improve conditions for women in shipping and increase number of women across the maritime industry is important. Nor-Shipping’s partnership with WISTA is a key contributor in our effort to raise awareness of the challenges and the many great opportunities for women in shipping.

Nor-Shipping has of course also signed the “40 by 30” pledge and urge others to follow. WISTA Norway is 35 years this year and will celebrate with a Leadership Award ceremony. They will also present “10 women to watch” together with YoungShip and execute their “Waves of change” program, which will be a series of topical session at the Blue Talk stage in Hall E.

Marek Grzybowski: Nor-Shipping launches Ocean Campus in partnership with World Maritime University. This is a new initiative. What is the mission of this event? What other events important for the maritime business will accompany Nor-Shipping 2023?

Sidsel Norvik, Director, Nor-Shipping: Ocean Campus is a dedicated island of exhibition booths showcasing some of the world’s leading maritime universities and colleges. Leading Ocean Campus Partner is the World Maritime University (WMU) and other Campus members include the Norwegian University of Science and Technology (NTNU), BI Norwegian Business School, UiT The University of the Arctic (UArctic), MLA College, Oslo MET, Alba Graduate Business School and SINTEF Ocean.

These universities and colleges represent a solid geographical spread and a wide range of maritime industry competency. Together they will form an Ocean Campus Committee of industry experts to tailor an exciting program for the main Ocean Campus day on Friday 9 June. The mission is to demonstrate how academia is adjusting to the maritime transition and what maritime career opportunities are in store for the next generation. We will stream this event to allow students and next generation shipping employees to get access from wherever they might be.

Marek Grzybowski: Thank you for your answers

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War on land, business at sea

Posted in: Anti-equilibrium, Branże, Prawo, Raport z Rynku

By Marek Grzybowski

With Russia’s invasion of Ukraine, new players appeared on the maritime transport market. The demand for used tankers has increased, which has driven freight rates up after a long period of stagnation, and this has encouraged new players to enter the market dynamically.

Trading in old tankers has become an opportunity to do business and support crude oil trading on new routes. As always, war drives business to those who take advantage of the opportunity. The turmoil in the oil transportation market has meant that sellers and buyers, tanker operators and oil suppliers profit from the war.

The sanctions imposed on trade in Russian oil and petroleum products, which entered into force in December 2022 and February 2023, increased the activity of tanker operators and allowed new players to enter the market. Some of them are pointed out by Rebecca Galanopoulos Jones, who runs the VV blog.

As a result, with the continued demand for oil and the slowdown in supply via pipelines to recipients in Europe, oil streams began to flow through the sea instead of via pipelines. Oil exports from the Arabian Gulf increased by 12.8% y/y to 880.1 million in 2022 and accounted for 42.9% of global oil trade by sea.
Exports from Russia also increased by 10.4% year on year to 218.7 million tonnes and accounted for 10.7% of the global supply of this raw material. The US increased supply and exports increased by 22.9% year-on-year to 165.1 million tonnes, according to Bancosta in its latest report.

“We are looking at new and opportunistic players that have entered the tanker market. We analyze what they bought and what impact this had on the respective market values, especially as the demand for older ships continues to grow,” emphasizes Rebecca Galanopoulos Jones, VV blogger.
“Gatik Ship Management, based in India, is one of the most interesting companies to emerge in the last 18 months,” remarks Rebecca Galanopoulos Jones.

Previously unknown on the maritime transport market, the entity has recently acquired a significant number of ships and as of December 2021 has been operating 53 tankers with a tonnage of over 37,000. up to 318 thousand two tues It has an average age of 17 and a total market value of $1.5 billion.

Fractal Marine Shipping is another new player in the market that has been noticed by Rebecca Galanopoulos Jones of VesselsValue. The shipowner has grown rapidly over the past year. Fractal is based in Geneva and registered in the United Arab Emirates. The operator manages a fleet of tankers. As of March 2020, the company has built a fleet of 27 ships, of which 26 have been purchased since May 2022. Recently purchased ships are between 9 and 14 years old.

Radiating World Shipping Services, headquartered in the United Arab Emirates, purchased its first vessel in December 2022 and has since acquired a total of 12 tankers, including 6 Aframaxes and 6 MRs, with an average age of 17 years.

More: VesselsValue Blog, Winword, Revinitiv, Bancosta Research;   War on land, business at sea GospodarkaMorska.p

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