WHILE
the drop in crude oil prices provides a "tailwind", it also raises
concerns of a slowdown in resource in his first presidential annual state of
the company address.
"This
could negatively impact our new LNG carrier and offshore business projects. In
addition, we cannot expect favourable conditions will go on forever in the
tanker market," said the head of the Japanese shipping giant.
"We
must not be content to rely on methods that worked in the past. I said this
upon becoming CEO last June because past experience does not guarantee our
future success," he said.
"I
want 2016 to mark a turning point. We must recommit ourselves to safe
operation. It has now been a decade since four serious marine incidents took
place," said Mr Ikeda.
"Our
business climate remains severe. Fleet oversupply is still an issue, and we see
few prospects for recovery with the Chinese economy slowing down and markets
stuck at historically low levels for both containerships and dry bulkers,"
he said.
Source
: HKSG.
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