APM Webinar: EXPLORING HOW SUPPLIERS CAN FIND SOLACE FROM RETROFITS DUE TO BUDGET CUTS FOR NEWBUILDINGS

Wednesday 8th July | 0800 GMT

As COVID-19 bites, newbuilds are facing growing challenges due to budget cuts. The uncertain market sentiment has resulted in shipowners deferring signups for newbuilds. Shipbuilders are bracing for a slow year with data from Clarksons Research showing newbuild orders down 56% year-on-year at just 184 ships, making it unlikely that many yards will meet their 2020 sales goals.

The pandemic has also closed retrofit yards worldwide, hence extending the waiting time for ships to get their retrofits. However, shipowners are increasingly favouring retrofits due to lower investment costs and faster turnaround time.

SPEAKERS:

  • Michel Goedegebuure Managing Director Damen Shipyards Singapore 
  • Imran Halimi Bin Ibrahi Principal Consultant, Head of Research and Development DNV GL
  • Nazery Khalid Adjunct Professor, Faculty of Ocean Engineering Technology and Informatics Universiti Malaysia Terengganu

KEY TAKEAWAYS:

  • Determining the impact of COVID-19 on newbuilds and its financial impact
  • Exploring why shipowners are turning to retrofits, mothballing and scrapping instead of newbuilds to save costs
  • Identifying most likely areas of retrofits and associated costs

SAVE YOUR SPOT

 

Upcoming Dates for this event

  • Wed 08 Jul 2020 (Deadline for booking is Wed 08 Jul 2020)
  • , ,

Events

back

July 2020

forward
mon tue wed thu fri sat sun
29 30 1 2 3 4 5
6

Maritime Safety Week

06/07/2020 - 10/07/2020 View

Seafarers Awareness Week 2020

06/07/2020 - 12/07/2020 View

7

Maritime Safety Week

06/07/2020 - 10/07/2020 View

Seafarers Awareness Week 2020

06/07/2020 - 12/07/2020 View

8

APM Webinar: EXPLORING HOW SUPPLIERS CAN FIND SOLACE FROM RETROFITS DUE TO BUDGET CUTS FOR NEWBUILDINGS

08/07/2020 08:00 - 08:40 View

Maritime Safety Week

06/07/2020 - 10/07/2020 View

Seafarers Awareness Week 2020

06/07/2020 - 12/07/2020 View

9

Maritime Safety Week

06/07/2020 - 10/07/2020 View

Marine Autonomy Challenge Webinar

09/07/2020 11:00 - 12:00 View

Seafarers Awareness Week 2020

06/07/2020 - 12/07/2020 View

10

Maritime Safety Week

06/07/2020 - 10/07/2020 View

Seafarers Awareness Week 2020

06/07/2020 - 12/07/2020 View

11

Seafarers Awareness Week 2020

06/07/2020 - 12/07/2020 View

12

Seafarers Awareness Week 2020

06/07/2020 - 12/07/2020 View

13 14

Drewry Webinar Briefing

14/07/2020 09:00 - 16:30 View

15 16

CMG Council Meeting 2020

16/07/2020 11:30 - 13:30 View

The third CMG Council meeting of 2020

17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2
3 4 5 6 7 8 9

OI London