PUBLISHER’S WORD. Investing into the Future: Is This the Century of Asia?

 

The Silk Road, digitisation, decarbonisation, diversification, green shipping, sustainable, smart, innovative, blue and green economics, alternative technology, clean future, ecology, environmental protection and saving – these are the most popular keywords at international event agendas today.
The ambitious goals in the field were discussed at SMM, one of the largest events of maritime industry. The International Maritime Organisation (IMO) has announced strategic target of reducing the amount of greenhouse gas from the global shipping by half before 2050 and to achieve the goal of zero CO2 (carbon dioxide) emissions by 2100. However, before that the global shipping will have to fit under the ‘sulphur cap’: all ocean-going ships will have to use fuels that contain no more than 0.5 per cent sulphur. Although shipping is already regarded as one of the most environmentally-friendly types of transport, constituting only 2.2 per cent of the global CO2 emissions, according to the IMO convention, the demand to achieve the 0.5 per cent cap by 2020 will be applicable to approximately 70 thousand vessels and their owners will have to take cardinal investment decisions.
During the annual conference in Rotterdam, focusing on Investing in the Port of Tomorrow, the European Sea Port Organisation (ESPO) emphasized that the demand for investments into the European ports and their infrastructure is huge. The ports want and are ready to invest into projects that generate added value and take up challenges, such as cutting CO2, promoting sustainability and digitisation.
‘The development of the Single European Market required the elimination of a range of barriers to trade. Nowhere is this more evident than in Europe’s seaports where the work to create a level playing pitch has been a project of decades. In recent years, however, there has been a range of inter-related EU policy initiatives which have largely created the level playing pitch in the port sector. As a result, seaports are now in the position to fully realise their potential and maximise their contribution to the prosperity of people and communities throughout the EU. Central to this change has been the increased focus on ports as commercial entities with increased financial autonomy in most cases.’ says Eamonn O’Reilly, Chairman of the European Sea Port Organisation.
It is crucial to ensure that ports take up ‘the right’ projects. The Baltic Port Organisation (BPO) will continue to develop this topic further at the conference in Szczecin.
From the major international tribunes various important topics continue to resonate at regional discussions and expert insights in individual countries.
According to Thomas Webel, Minister for Regional Development and Transport of Saxony-Anhalt, this federal region, being the fastest-growing logistics hub and the gate to the East, aims to shape the internal multi-modal transport flows in German ports on the basis of sustainable development. The Hafenhinterland conference, organised by the Ministry of Transport in Dessau-Rosslau, discussed future perspectives in developing the region of Saxony-Anhalt as a logistics hub for multi-modal rail, road, sea and air transport. The connections between the federal region and the Chinese New Silk Road could be interesting and useful not only for this region or Germany, but also the European Union and the development of international logistics chains.
The New Silk Road, connecting Asia and Europe is interesting to both continents. The scale of direct rail freight forwarding between China and Europe has recently been rapidly increasing Western Europe launching more and more new lines. The majority of cargo moves along the Ukrainian-Belarusian border, which continues to jam, thus Lithuanian Railways and the port of Klaipėda have a great opportunity to remind about themselves and encourage shifting of the flow of such cargo through Lithuania and the seaport that has been taking the lead among the ports of the Baltic states in terms of cargo handling.
The majority of business subjects have turned their heads towards the Belarusian-Chinese project – the Great Stone industrial park, developed near Minsk. The park should see the launch of its production processes after the completion already next year, which also means new cargo transportation opportunities that will undoubtedly become a subject of some competition.
The hopes for prosperity, linked to China and other Asian markets, kindled by European business entities, are not without a reason. Similar conclusions were offered by economic and financial experts, analysing the dynamics of global economy, who keep mentioning the end of the long-term domination of the West and transformations in the global consumption markets.
According to a report, recently released by Euromonitor International, provider of strategic market research and data analysis, in 2013 China overtook the USA in terms of GDP measured at Purchasing Power Parity (PPP) with the aim to become the largest economy in the world. By 2030 the top three economies in terms of the GDP measured at PPP will be China, the USA and India. It is predicted that the Asian and Pacific region, actively developing advanced economics, will constitute more than 50 per cent of the global GDP growth during 2018 and 2030. This shift in the economic power will undoubtedly shape the global megatrends as well. According to Euromonitor International analysts, should the current economic basic tendencies be implemented, this could be the century of Asia as the region is set to become the backbone of the world’s economy and these global economic trends should be taken into account while developing long-term strategies for the future.

Sincerely Yours,
Zita Tallat-Kelpšaitė
Publisher of the magazine

 

The magazine SEA has been published since 1935
International business magazine JŪRA MOPE SEA has been published since 1999
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Ltd. Juru informacijos centras


The magazine JŪRA has been published since 1935.
International business magazine JŪRA MOPE SEA has been
published since 1999.

ISSN 1392-7825

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