Conclusions
 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 Investment & Advisory


 

 

 


 


 

 

 

 

to view and download all pictures, please click here (pictures by Alex Jansen)
 
 
mare forum's Mare Forum Istanbul 2010 photoset mare forum's Mare Forum Istanbul 2010 photoset

 

SUMMARY AND CONCLUSIONS

 

MARE FORUM ISTANBUL 2010

- The Turkish Expansion II-

Where does Turkey fit in the post-crunch world economy and world shipping?

 Monday 17 May 2010

Mövenpick Hotel Istanbul
Istanbul - Turkey


 

Mare Forum Istanbul 2010 - Summary and Conclusions

 


How can Turkey expand its maritime position in the world?


The ancient wisdom in Turkey was that wise fathers left the land close to the sea to their daughters, and the land inland to the sons. Which is another way of saying that Turkey has been historically a landward looking rather than a maritime nation. Metin Kalkavan, Chairman of the Turkish Chamber of Shipping, told the Mare Forum Istanbul 2010 that almost all of Turkey’s shipowners came from one coastal city. But he went on to highlight how that is changing, and will change faster.

Today Turkey is a young country, full of educated, energetic young people who want to build their standard of living and assert their position in the global economy. And Turkey’s traditional shipping sector is working hard to harness that energy. New industrial groups and businesses are coming into shipping and shipbuilding, and there is a massive investment programme aimed at training up a globally significant crew and officer seafarer workforce.

The will to develop Turkey as a maritime nation is backed by a strong platform. Today Turkey is the world’s 16th largest economy, it has growing regional influence and trade, and is becoming a significant energy gateway. It is also becoming a significant maritime nation.


At Mare Forum a room full of shipowners, shipbuilders and maritime industry and training professionals, ably chaired and marshalled by Sadan Kaptanoglu, heard how Turkish shipowning is modernising itself, and how the yards can go forward from the current crisis. Despite the crisis the established shipowners have been renewing their fleets, and average age is down and quality up. Finance to support newbuilding delivery has been found, and Turkish banks are now becoming more educated in shipping.

In the yards innovation is flourishing, with the new handy size bulkers designed by the Cicek yard an example. But yard co-operation is still not there, and needs to be. The good news is that the Turkish government has said it will begin a credit support scheme which will guarantee funding to support the completion of partially built ships now in the Turkish yards, which will give them time to last out the global ship order glut and credit crisis. Sualp Urkmez, CEO of Furtrans, and a yard owner himself, made the point that with more attention to costing, Turkish yards were well placed to mop up the shipbuilding currently being priced out of Western Europe. And Ozgur Cilli, CEO, Desan Shipyard, said that skills to move Turkish yards into new areas, such as conversion of vessels to LNG propulsion, would be developed through repairing similar vessels. That was the process whereby the yards learnt about chemical tankers and offshore units, which they now build. Turkish yards are now focussed on repair but are also building sophisticated chemical tankers, bulkers and floating power stations, and will in the future build LNG vessels, convert ships to floating LNG terminals and move into conversion of vessels to LNG propulsion.

In the energy sector the government has yet to pass the petroleum bill which will allow greater private sector participation in energy delivery. But it is coming, and Turkey is a major energy consumer, importer and transit country, so opportunities for shipping are large.


The summary of the day was that:

  • Turkey is mobilising its youth and training them to become the next great force in global maritime manning.
     

  • Turkish banks are strong and becoming more and more shipping orientated.
     

  • Innovation is alive and well in the yards, and they will be even more alive now they will have some government financial guarantee support.
     

  • The yards are strong because they have not been weakened by subsidy support, so with a focus on costing they can become Europe’s shipbuilding centre.
     

  • The fleet is getting younger and higher quality, and attracting high quality charters.

What has to be done to improve Turkey’s maritime position in the world:

  1. Get the strength of Turkey’s maritime owners, yards, manning and services better known globally.

  2. Pass the petroleum law to permit more private capital into energy distribution.

  3. Clarify and push through the proposed government financial guarantee for shipyards scheme.

  4. Continue the focus on maritime training and get Turkish officers and crew out manning the world’s fleets.

  5. Bring Turkish expertise now being used in Asia back home and put it to work in the yards.

  6. Continue to educate Turkish banks so they extend their financing to second hand vessels and post delivery finance.

  7. Get a clear government commitment to shipping and manifest that by putting in place a more modern maritime law structure.

  8. Use ship repair to increase yard knowledge of sophisticated ships.

  9. Increase co-operation between shipyards to share working and facilities and lower costs.
     


PRESENTATIONS

 

 Batu Aksoy
Executive Board Member, Petform
Vice Chairman, Turcas Petroleum

Ugo Salerno
CEO, RINA
 

Guy Verberne
Head of Economic Research, Fortis Bank Nederland

Gary Morgan
Research, Clarksons

Enrico Paglia
Research Manager, Banchero-Costa & Co.

John D'Ancona
Director Research, Galbraith's


Stefano Bertilone
General Manager for Europe, RINA

Janos Koenig
Managing Director, Eurofin International Ltd., UK

Nikos Stratis
Senior Investment Manager, Northern Shipping Funds

 


 

 

(for the programme see below)

The speakers and discussion panelists


The list of speakers will be updated regularly

Metin Kalkavan
Chairman
Turkish Chamber of Shipping


Ms. Sadan Kaptanoglu 
Managing Director, Kaptanoglu Holding

 Batu Aksoy
Executive Board Member, Petform
Vice Chairman, Turcas Petroleum
 

Murat Bener
General Manager
Besiktas Group

Servet Yardimci
President
YARDIMCI SHIPPING

Sualp Urkmez
CEO, Furtrans

 

Recep Duzgit
Board Member
Turkish Chamber of Shipping


Ozgur Cilli
Desan Shipyard


Berke Cicek
CEO, Cicek Shipyards

Seyma Inal
Inal Law office

Representatives
from several Turkish shipowning companies

Ugo Salerno
CEO, RINA

Guy Verberne
Head of Economic Research, Fortis Bank Nederland

Colin Cridland
Director Research, Clarksons

Enrico Paglia
Research Manager, Banchero-Costa & Co.

John D'Ancona
Director Research, Galbraith's

Sergey Burima
Vice President, Novoship

Maurizio d’Amico
Director, d’Amico Societa di Navigatione
               
Rear Admiral Robert C. North (Ret. USCG)
President, North Star Maritime
                              
Geert Dokter
Managing Director, Hanzevast Shipping

Fabrizio Vettosi
Managing Director, Venice Shipping and Logistics S.p.A., Investment & Advisory

Stefano Penco
Vice President, Southern Europe Region, ABS

               
Theo Xenakoudis
Managing Director, International Registries, Piraeus

Stefano Bertilone
General Manager for Europe, RINA

Henk Hoornaert
Shipowner, Lauranne Shipping

Fransesco S. Lauro
Managing Partner Studio Legale Lauro

Janos Koenig
Managing Director, Eurofin International Ltd., UK

Representatives
from several Turkish Shipbuilding companies

Nikos Stratis
Senior Investment Manager, Northern Shipping Funds

John Guy
Partner, Merlin Corporate Communications

Jannis Kostoulas
Managing Director, Mare Forum

 


 


 

Monday 17 May 2010

Mövenpick Hotel Istanbul
Istanbul - Turkey

 

 

08:00   Registration
 
    session 1

Opening and Welcome
 
09:00   Conference Chair:

Ms. Sadan Kaptanoglu
Managing Director
Kaptanoglu Holding

John Guy
Partner
Merlin Corporate Communications

 
09:15   The world economic picture and trends and where Turkey stands as an emerging economic power and trading nation in global terms IN THE POST – CRUNCH WORLD ECONOMY & WORLD SHIPPING

Metin Kalkavan
Chairman
Turkish Chamber of Shipping

 
    Session 2

Where does Turkey fit in the post-crunch world economy and world shipping?
 
09:30   World Geopolitics and Turkey - Turkey and its role to the regional and international environment.
World economy and trade forecasts
 
Turkey and the world of Energy - Oil and Gas;
Oil and Gas Pipelines potential from central Asia, Russia, Middle East and North Africa to Turkey and Europe
The Offshore plans/strategies for exploring oil and gas
Wet bulk trades and Dry bulk trade forecasts

session chairman
Ugo Salerno
CEO, RINA

SPEAKERS
Guy Verberne
Head of Economic Research, Fortis Bank Nederland
Batu Aksoy
Executive Board Member, Petform
Vice Chairman, Turcas Petroleum

Gary Morgan
Research, Clarksons
Enrico Paglia
Research Manager, Banchero-Costa & Co.
John D'Ancona
Research, Galbraith's
 
10:50   break
 
11:20   Discussion and Debate  between speakers , discussion panellists and audience participants  on the following themes:

Is Trust back? What are the market perceptions and expectations?

Is Turkish shipping ready to take on the energy supply challenge?

Where should Turkish and foreign investors be putting their shipping money?


DISCUSSION PANELLISTS:
Servet Yardimci
President
YARDIMCI SHIPPING

Murat Bener
General Manager
Besiktas Group
Recep Duzgit
Board Member
Turkish Chamber of Shipping
Berke Cicek
CEO, Cicek Shipyards
Ozgur Cilli
Desan Shipyard

Sergey Burima
Vice President, Novoship
Maurizio d’Amico
Director, d’Amico Societa di Navigatione
Rear Admiral Robert C. North (USCG Ret.)
President, North Star Maritime
Geert Dokter
Managing Director Hanzevast Shipping
Janos Koenig
Managing Director, Eurofin International Ltd., UK

 

12:30   Lunch hosted by



 


 

    session 3

The Turkish maritime Cluster in Motion.
Innovation, shipbuilding, energy, finance and investments

 
13:50   Exciting new ideas in Turkey – innovation in action
Energy developments, Turkey’s role in the energy world
Shipbuilding in Turkey – how will it develop after the crisis?
Offshore energy developments close to Turkey, who will build and operate the platforms, floaters and support vessels?
Where will the cash come from to finance innovative ideas, energy development and Turkey’s shipping?
Is ship recycling an opportunity for Turkey?
 

session chair
Ms. Sadan Kaptanoglu
Managing Director
Kaptanoglu Holding

SPEAKERS:
Stefano Bertilone
General Manager for Europe, RINA
Janos Koenig
Managing Director, Eurofin International Ltd., UK
Nikos Stratis
Senior Investment Manager, Northern Shipping Funds

DISCUSSION PANELLISTS:
Sualp Urkmez
CEO, Furtrans
Ozgur Cilli
Desan Shipyard

Recep Duzgit
Board Member
Turkish Chamber of Shipping

Seyma Inal
Inal Law office
Murat Bener
General Manager
Besiktas Group

Berke Cicek
CEO, Cicek Shipyards

Sergey Burima
Vice President Novoship
Stefano Penco
Vice President, Southern Europe Region, ABS

Theo Xenakoudis
Managing Director International Registries, Piraeus
Maurizio d’Amico
Director, d’Amico Societa di Navigatione
Henk Hoornaert
Shipowner, Lauranne Shipping
Fransesco S. Lauro
Managing Partner Studio Legale Lauro
Rear Admiral Robert C. North (USCG Ret.)
President, North Star Maritime
Geert Dokter
Managing Director Hanzevast Shipping
 

14:45   Break
 
15:15   Discussion and Debate  between speakers , discussion panellists and audience participants on the following themes:

What are Turkey’s maritime strengths, and how can we catalyze them to take advantage of the new world order?

Shipbuilding in Turkey – how will it develop after the crisis?

The competitiveness of Turkish yards in the present turmoil of world wide shipbuilding

What obstacles, legal, political, financial or cultural do we need to overcome?

 

    session 4

How can Turkey expand its maritime position in the world?
 
16:15  

General Discussion /Debate between all speakers, all discussion panelists and all the audience participants

     
17:00   Conclusions

Ms. Sadan Kaptanoglu
Managing Director
Kaptanoglu Holding

John Guy
Partner
Merlin Corporate Communications

Jannis Kostoulas
Managing Director, Mare Forum
 
     
17:10  

Cocktail hosted by

   
     

 

INFORMATION:

 

 

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3003 AC Rotterdam
The Netherlands

Tel: +31.10.842 57 97
Fax:+31.10.844 99 69

info@mareforum.com