Skip to main content

Maritime trade fair set for September in Germany

Experts will discuss the potential and prospects for new-boat financing models at the SMM Ship Finance Forum, an international maritime trade fair in Hamburg, Germany.

The biennial conference, to be held Sept. 9-12, will be titled “A New Beginning.”

"The Ship Finance Forum has become an essential event in the maritime calendar. Through its close affiliation with SMM it enjoys excellent visibility as Hamburg assumes its role as the undisputed world capital of shipping," Max Johns, managing director of the Germany Shipowners Association (Verband Deutscher Reeder, VDR) and a member of the trade event for the global industry, said in a statement.

Johns also teaches ship finance at the Hamburg School of Business Administration.

The conference will focus on the continued challenges of boat and yacht financing.

In spite of low new-boat prices, the total number of ship orders is declining around the world, according to SMM organizers. Financing difficulties are part of the problem and new concepts are in demand to revitalize the market.

"In ship finance we have to address two separate issues: On the one hand, we need to put the fleet in service on a more solid financial basis,” Johns said. “After a five-year double crisis — one affecting the financial, the other the shipping markets — that may be a tall order. On the other hand, we need to finance new tonnage to be commissioned over the next few years. In the wake of the crisis, this often calls for new partners and new conditions."

The SMM Ship Finance Forum will focus on three overarching topics:

The first part will look at current developments in the German market. U.S. investors are entering the German market in increasing numbers, primarily seeking to invest in new building projects. Yet conventional bank financing schemes continue to be in demand, as well. A Norwegian-German group of investors recently established a new ship financing bank.

The second segment, titled "Shipyards: Financing Shipbuilding, Financing Exports", will examine the efforts of many shipyards to finance exports.

Part three, "Global Financing Trends — Bonds, Leasing, IPOS," will highlight alternative financing models in the market that compete with traditional schemes.

Related

1_ABA

ABA Celebrates 30 Years

The America Boatbuilders Association was founded in 1992 with the objective of collectively buying engines, raw materials and manufactured products at better prices.

1_YEARGIN

Who, Not How

Sometimes, to solve a tough problem, you need to get a different person in the room.

1_WHALESACTION

NMMA: Proposed Speed Rule an ‘Existential Threat’ to Industry

The association is calling on every marine brand, employee and boat owner to file public comment by Oct. 31 over a sweeping regulation to protect North Atlantic right whales.

1_AXOPAR

Axopar and Nimbus Renew Agreement

The boatbuilders have entered an agreement whereby Nimbus Group will retain exclusive rights to sell Axopar boats on the Swedish market.

1_IAN

Hurricane Ian Leaves Devastation in Florida

The storm left a wide swath of destruction, heavily impacting marine interests from Tampa Bay to Marco Island.

Norm

Email Is Your Ticket to Holiday Sales

Developing an effective email campaign can bolster sales and help fill winter coffers at your dealership.

1_NMRA

NMRA Presents Annual Awards

Edson CEO Will Keene and ComMar Sales president Tim Conroy were recognized for their contributions to the marine industry.

1_ PULSE.PING.2

DEALERS: Are Interest Rates Impacting Demand?

This month’s Pulse Report survey asks dealers whether interest rate increases are causing a downturn in boat sales. Take the survey here.

1_EPROPULSION

EPropulsion, Mack Boring Partner with Crest

Pontoon builder Crest will use an ePropulsion Navy 3.0 Evo electric outboard motor and an E175 battery for its 2023 Current model.