How will the volatility of the oil price impact upon the Waterborne research and innovation agenda towards 2030?

Do maritime regulations stifle or stimulate technological innovation? 

 

Tuesday 16 June

Brussels

Following the very successful conference “2nd European maritime research and innovation policy conference” held in 2011 in Brussels, MARE FORUM co-organizes  the “3rd European maritime research and innovation policy conference 2015” to be held on Tuesday 16 June at the Thon Hotel Brussels City Centre
  • The Waterborne community welcomes the President of the European Commission, Jean-Claude Juncker’s, “political guidelines”, and its focus on ten policy areas, including “A resilient Energy Union” and “A New Boost for Jobs, Growth and Investment”. It particularly concurs with the objectives of “improving the regulatory framework for interconnected, safe and secure transport services with reduced greenhouse gas emissions.”
  • The Waterborne community is presently focused on the development of eco-efficient vessels, including innovative vessel design, fuel efficient engines, utilisation of alternative and non-fossil fuels, and other technologies that will reduce fuel consumption, CO2, black carbon, and other emissions, such as SOx and NOx, that have a detrimental effect on both the present environment and climate change. Development and implementation of these technologies requires the active and ongoing involvement of ship operators; engine manufacturers, and their supply chain; shipyards; and research organisations.
  • However, since the middle of 2014, the sector has experienced challenging conditions in that oil prices have dropped from over $110/barrel [Brent Crude] to a present price of around $50/barrel. A consequence of this is that bunker fuel prices have also dropped, albeit by a less significant rate, but still around 40%. Although over the medium to longer term it is likely that the oil price will start to rise once more, the oil price may remain volatile in the short to medium term, due to a number of factors, including the supply of US shale gas, lower economic growth in developing countries in Europe and South East Asia, as well as the strategies of leading OPEC members.
  • Although IMO regulations are already imposing limits on the vessel emissions identified above, there is a risk that the recent, and possibly ongoing, reduction in bunker fuel prices may encourage a behaviour amongst ship operators that delays the investment in many of the eco-efficient technologies described. For example, delaying the replacement of older, high fuel-consumption vessels, by more expensive fuel-efficient/low emission vessels, until the bunker prices return to the mid-2014 levels. This will logically lead to a detrimental effect on both the environment, including the effects of climate change, but also the European industry, which is a global leader in these technologies, with a consequent impact on jobs and economic growth. 
  • Furthermore, there is much debate about whether regulations [safety, environment, etc] stimulate maritime technology R,D&I or limits the innovative ambitions of European businesses to meet their full potential.
  • Consequently, the Third European Maritime Research & Innovation Policy Conference, will focus on two major questions for the waterborne community, i.e. :
    • - How will the volatility of the oil price impact upon the Waterborne research and innovation agenda towards 2030?
    • - Do maritime regulations stifle or stimulate technological innovation? 
  • It is crucial that the European waterborne industry continues to invest in research and innovation at a time of uncertainty. It would encourage the Commissioner for DG RTD to join the Third European Maritime Research & Innovation Policy Conference to steer the discussions in a positive direction for European policy recommendations in support of eco-innovation and efficient regulation, in the light of the challenges we face today.
  • The conference will attract policy makers; maritime stakeholders; research community and academia to discuss the developments and future maritime RDI against the backdrop of current issues impacting the sector at large. 
  • High level speakers, session chairmen, conference panelists and audience will contribute to a day packed with knowledge transfer, exchange of visions, experience and stimulating discussions.  The openly approach of this type of Mare Forum conferences produce a wonderful environment for brainstorming, sharing and improving knowledge and intelligence.
  •  Looking forward to welcoming you in Brussels
Speakers will be announced in the coming days. Stay tuned!
Tuesday 16 June [Thon Hotel Brussels City Centre] 
Opening and Welcome
10:00 Willem Laros (Damen), Chairman of Waterborne TP;
10:10 Liam Breslin Head of Unit – Surface Transport, DG Research & Innovation,European Commission; Keynote Speech: The importance of Maritime Research & Innovation for jobs and growth in Europe
Setting the Scene
10:30 Douwe Cunningham Secretary General, SEA Europe; What are the drivers of Maritime Research & Innovation? 
11:00 Coffee break and networking

session 1

How will the volatility of the oil price impact upon the Waterborne research and innovation agenda towards 2030?

11:30 SESSION MODERATOR:
Douwe Cunningham Secretary General, SEA Europe
SPEAKERS:
John Westwood Chairman, Douglas-Westwood Associates;
Oskar Levander Vice President Innovation, Engineering and Technology, Rolls Royce;
Henk Prins Manager Research & Development, Marin
Discussion between speakers and audience participants
13:00 Lunch

Session 2:

Do regulations stifle or stimulate technological innovation?

SESSION MODERATOR:
 14:00 Philippe Corrignan Head of Safety, Energy, Environment and Research Section, Marine & Offshore Services Department, Bureau Veritas
SPEAKERS:
Christine Berg Head of Unit Maritime Safety, DG Move;
Paris Sansoglou Secretary General, European Dredging Association;
Alessandro Maccari Director of R&D Planning, Fincantieri
Philipp Lohrmann Senior Research Scientist. BMT
Discussion between speakers and audience participants
 15:30 Coffee break and networking
 16:00 Summing Up Panel Discussion
  • Willem Laros Chairman of Waterborne TP
  • Douwe Cunningham Secretary General, SEA Europe
  • Philippe Corrignan, Head of Safety, Energy, Environment and Research Section, Marine & Offshore Services Department, Bureau Veritas
Conclusions 
17:00 Cocktail & Networking
Download Programme (PDF)

For further information on the conference please contact:

MARE FORUM

Weena 235
3013 AL Rotterdam
The Netherlands
Tel: +31.10.842 57 97
Fax:+31.10.844 99 69
global@mareforum.com

 

Contact Information

Coolsingel 104
3011 AG Rotterdam
The Netherlands

Tel: +31.10.842 57 97
Fax:+31.10.844 99 69
global@mareforum.com