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Asian shipowners cautious on recovery

A recent meeting of shipowners in Asia noted that although there were signs of a recovery in the world economy and cargo movement/vessel utilization ratio, the world container shipping industry was still being confronted with the serious problem of overcapacity. 

   

“Whilst noting that voluntary vessel withdrawal programmes had been implemented in various container trade lanes, the meeting reaffirmed the continued desirability of further efforts of vessel rationalization both on an individual decision basis and in cooperation with other carriers within authorized carrier agreements,” the Asian Shipowners’ Forum noted at its 11th  meeting held in Taipeh, Taiwan.

  

The ASF agreed that Asian shipowners must demonstrate their determination to continue their efforts to restore a healthy financial situation for the shipping industry in order for them to ensure high-quality and safe shipping services. 

   

The Asian shipowners body welcomed the resumption of the WTO negotiations on maritime transport as well as the entries of China and Chinese Taipei into WTO in November 2001.

  

“The ASF continues to support free and fair trade principles and global liberalisation on international trade routes with full participation of WTO members,” a joint communiqué issued at the end of the meeting said.

  

The meeting, which was attended by more than 100 delegates from the 10 Asean member countries, as well as from Australia, China Taiwan, Japan S Korea and Hong Kong, noted that Asian shipowners own and operate more than 40 per cent of the world’s cargo carrying fleet.

  

“The ASF will continue to consolidate its role as the voice for Asian shipowners in international shipping issues, exerting a greater influence on creating a new future for Asian and international shipping and providing a lead for world shipping,” the communique said.

  

The shipowners, while supporting the US and other global initiatives in the fight against terrorism, expressed their concerns that some of the endeavours to address the security measures could create a serious impact on the free and efficient flow of shipping and trade.

  

The ASF said it was very important in designing and implementing an effective maritime security program.

             

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