Value creation key for future growth

Focus has to be on value creation (quality rather than quantity) and the continuous enhancement of shipbuilding and classification survey standards as well as ship operating procedures, heard delegates at the annual Tripartite meeting between shipowners, shipbuilders and classification societies, which was held in Seoul, Republic of Korea recently. The meeting was attended by 100 high-level representatives of the industry, including chairmen and executives of the Round Table Associations (BIMCO, ICS, Intercargo and INTERTANKO) and OCIMF, IACS with its class society members and CESS with the Shipbuilder Associations. They also agreed complex regulatory regimes and timelines in combination with untested and developing technologies had the potential to introduce new technical risks which needed to be addressed. A comprehensive agenda was discussed and, in particular, participants: