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NAFL REVIEW Events Maritime leaders to discuss regional prospects in challenging trade conditions The eighth edition of the biennial Seatrade Maritime Middle East (SMME) exhibition and conference, which takes place in Dubai from 31 October to 2 November 2016, will open with an economic forum session addressing the challenges and prospects for the industry in light of future oil price forecasts, the state of the Middle East economy and the effect of the Chinese trade slowdown on the region's maritime sector. SMME, a part of Dubai Maritime Week, has speakers and delegates representing international and regional shipping operators, ports, financiers and associated maritime professionals. According to data released by Focus-Economics, Middle East and North Africa (MENA) region growth continues to be hampered by geopolitical risks and weak global growth, with oildriven economies most impacted in light of the unstable oil price scenario, with regional consolidation also hampering short-term growth. The online forecast expects inflation at 4.6 per cent in 2016, increasing to 4.9 per cent in 2017. “In its August 2016 update, Focus-Economics' panel of analysts kept the region's growth projections stable at a conservative 2.3 per cent (growing to 3pc in 2017), which, if it holds will be the weakest growth rate since the apex of the financial crisis in 2009. This is sounding a warning bell for government and industry leaders across the region, and SMME 2016 will provide a timely and essential platform for discussion as the maritime community looks at ways to mitigate, consolidate and restrategise amidst this prolonged period of uncertainty,” said Chris Hayman, Chairman, Seatrade. Other panelists at the opening session include Abdulrahman Essa Al-Mannai, President & CEO, Milaha; Marcus Machin, CEO, Tufton Oceanic Finance Group; Admiral Mohab Mohamed Mameesh, Chairman & MD, Suez Canal Authority; Tim Power, MD, Drewry; and Jamal Majid Bin Thaniah, Non-Executive Director and Vice Chairman, DP World. According to Mr. Hayman, amongst other issues likely to affect the regional maritime sector, such as Europe's refugee and debt crises, US monetary tightening and Brexit, the panelists will also debate the impact of China's slowing trade and the country's economic stability. “At the start of 2016, the IMF warned that the effect of China rebalancing its economy will continue to impact global economic growth through 2017. However, it also highlighted a gradual improvement of growth rates for some currently 'distressed' Middle Eastern economies, which could – in the longer term - see a revival of maritime opportunity in certain locations. More than 7,000 participants from 67 countries are expected throughout the show, which is set to evaluate current market challenges as well as look at ground-breaking case studies such as Egypt's Suez Canal expansion, alongside a series of technical forums in association with IMarEST. New aviation safety and security commitments adopted in Riyadh summit ICAO Middle Eastern Member States took a series of bold steps towards improving their cooperation and partnership on civil aviation safety and security objectives as the Global Aviation Ministerial Summit in Riyadh, Saudi Arabia, came to its successful conclusion. Organized with ICAO's support by the General Authority of Civil Aviation of Saudi Arabia, and featuring a high-level address by ICAO Council President Dr. Olumuyiwa Benard Aliu, the Summit was attended by 104 officials representing 54 countries from the Middle East, Africa and other regions. Its goal was to spur greater regional and global cooperation and alignment on air transport objectives, and among other outcomes it led to the new Riyadh Declaration on Aviation Security and Facilitation in the Arab Civil Aviation Commission (ACAC) and ICAO Middle East (MID) Regions, reaffirming States' need to enhance regional development and integration initiatives for aviation security while seeking new efficiencies for collaborative information sharing and security and facilitation training. “Recent terrorist incidents at airport facilities in Istanbul and Brussels have introduced new and important landside security concerns, helping to underscore the need for this Declaration at this time,” commented Council President Aliu. “ICAO has begun building on the tremendous success of our Global Plans for safety and air navigation by developing a new Global Aviation Security Plan (GASeP), which we expect to be endorsed by our upcoming 39th Assembly and which will bring important global targets and alignment to all regional and national security planning.” In the aviation safety domain, and stressing the productive cooperative arrangements already in place between ICAO and the Arab Civil Aviation Commission (ACAC), Council President Aliu further highlighted the need for rapid agreement on a new Middle East/North African Regional Safety Oversight Organization (MENA RSOO). Dr. Aliu remarked, “Here in the Middle East it would assist many States with meeting the targets established under the ICAO Global Aviation Safety Plan (GASP), as well as associated MID Regional Aviation Safety Group (RASG) objectives.” Sep-Oct 2016 / 24
NATIONAL ASSOCIATION OF FREIGHT AND LOGISTICS Executive Movements NAFL REVIEW Hawk Freight Logistics: New promotions have been announced by the management Formed in 1987 and part of the growing Hawk Group, Hawk Freight Logistics is a specialized service provider. HFL has been consistently supplying innovative and comprehensive logistics solutions to a worldwide client base from its offices in London and Dubai. In line with the company's vision of growth and expansion, new promotions have been announced by the manage-ment. Mr. Bob Puri, CEO of Hawk Freight Services, announced the promotions of Mr. Baburaj Vakiyal as Chief Operating Officer (COO) and Mr. Zaheer Qaiser as Chief Financial Officer (CFO). Mr. Baburaj Vakiyal will be heading Hawk Freight Services, Dubai after departure of Mr. Chanaka Malalasekera. Hawk grew from an expertise in the Far East region. In this region, the c o m p a n y h a s a n u n r i v a l l e d a b i l i t y t o h e l p i t s customers facilate the e f fi c i e n t transportati on of goods. The Hawk Group of Companies provide specialist support to its customers where appropriate from sourcing and procurement through air, sea or land freight through a specific courier service in the UK in the form of SAS Logistics. A pro-active, hands-on Board of Directors get fully involved in ensuring the company is always customer-focused and service-oriented. NAFL REVIEW Smart Inputs for Smart People Your reliable source of Information in freight and logistics Let the industry know your Achievements & Milestones For Press Releases, Executive Moments and Career Opportunities E-mail: editorial@7dimensionsmedia.com For advertising opportunities, please get in touch with Israr Ahmad at: +971 06 5579 579 E-mail: israr@7dimensionsmedia.com The National Association of Freight and Logistics Tel.: +971 6 55 79579|Fax: +971 6 55 79569 PO Box: 9604 SAIF Zone, Sharjah, UAE | www.7dimensionsmedia.com 25 / Sep-Oct 2016
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