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An estimated doubling in seaborne trade to challenge the maritime value chain

On 8-9 October the Danish Maritime Forum – a high-level summit for the maritime industry – is to address major global trends that will affect the industry in the future and underline the need to rethink the maritime industry.

“Major global trends such as a changing economic and geopolitical landscape, new technologies, the shifting energy outlook, environmental pressures and demographic developments will affect the maritime industry both in the short and in the long term”, says Flemming R. Jacobs, Secretary General of Danish Maritime Days – the organising body behind the Danish Maritime Forum.

According to Jacobs, the objective of the Danish Maritime Forum is to bring together key leaders in the global maritime industry with policymakers, experts and other influential decision-makers to generate new ideas and solutions to the most important challenges facing the industry.

How can a doubling in current transport volumes be met?
There will be growth in the mature as well as maturing economies, as there will be in emerging economies with these foreseen to experience exceptional growth rates. Some 90 % of world trade is carried by sea and it is estimated that this growth will result in the need for transporting 20 billion tons of cargo by sea within the next 15-20 years. This is a doubling from the current volumes. To enable this, the entire maritime value chain faces a challenge of tremendous dimensions.

“If a doubling in the current seaborne trade volumes are to be achieved there is a strong need for innovative thinking, cooperation and long-term strategies. Just imagine what this will require in terms of land infrastructure, ports and terminals and ocean transportation capacity including people, financing and other resources”, says Jacobs

He also emphasizes that this demand growth puts the need for viable business models into a new light, as well as the need for greener solutions.

Africa to experience dramatic growth
The global maritime industry is the backbone of globalization and international trade. The industry’s contribution to growth and development will continue to be of particular relevance with respect to emerging economies.

“One example is Africa which is expected to see dramatic growth and transformation in the coming decades. The question is how the maritime industry can be part of facilitating this and thereby contribute to human development and well-being”, says Jacobs.

Breaking down silos
The Danish Maritime Forum will aim to facilitate a more collaborative environment between regulators, the maritime industry and other stakeholders.

“To facilitate sustainable growth and enhance productivity in the global supply chain we need to break down the traditional silos. With senior representation from government, business and other stakeholders, the Forum will focus on how efforts can be coordinated better and what steps might be taken to develop a stronger cooperation between key maritime stakeholders”, says Jacobs.

To enhance this process, the format of the Forum will be collaborative and consist of informal working sessions as well as a number of keynote sessions and panel discussions. The themes are being further developed in close collaboration with the industry and other key stakeholders to ensure the best discussions and outcomes.

The Danish Maritime Forum is by invitation only and will take place on 8-9 October 2014 in Copenhagen.

Join us for Danish Maritime Days on 6-10 October
The Danish Maritime Forum is part of a larger platform, Danish Maritime Days, which will bring together a broad set of stakeholders from the global maritime industry in and around Copenhagen and throughout Denmark in the week of 6-10 October.

Danish Maritime Days will consist of exhibitions, symposia, conferences and company visits as well as social activities including receptions, dinners and networking meetings. With many events on the agenda, the program covers such diverse topics as Arctic shipping, international trade and development, piracy, green solutions, recruitment, education, offshore shipping and much more.

For more information please contact Head of Communications Torben Vemmelund at: tve@danishmaritimedays.com or +45 2224 1446.