Shipping summit this month

After a successful first Cayman Islands Shipping Summit held in 2013, the Maritime Authority of the Cayman Islands in cooperation with Mare Forum and OreCoal will host Cayman’s second shipping conference on March 11 at the Marriott Resort. It will explore new ideas, opportunities and challenges facing the shipping industry. 

The Cayman Islands Shipping Summit 2014 will specifically investigate how the Cayman Islands can take a more proactive role in this volatile industry.  

Despite economic challenges, the Maritime Authority has positioned itself internationally by modernizing its legislation and provision of services, innovating technology and through competitive pricing.  

The conference will examine Cayman’s unique geographical location as the crossroads to the Americas and its close ties to North, Central and South America.  

How ship owners can best use these close ties for their economic benefit will be one of the central questions. Tied to this will be a discussion of the advantages and disadvantages of doing shipping business offshore, with a special emphasis on Cayman. 

The event will also highlight Cayman Enterprise City, the special economic zone, and the opportunities it offers for setting up an appropriate business in a cost effective and efficient way in a tax-neutral environment.  

In addition, the summit will look beyond Cayman to issues relating to the bigger picture, such as global geopolitical considerations, international trade, energy and commodities, innovations in the shipping industry, and investments and financing. 

The conference will feature views of ship owners, operators, charterers, traders, analysts, bankers, consultants, entrepreneurs, classification societies, regulators, port and terminal operators and other members of the maritime industry from across the globe. 

It sets the stage for people in the industry to figure out how best to use resources to enhance profits, benefit the environment, minimize risk and provide the cheapest and safest transportation services, organizers said.