The 27th JECKU Top Executive Meeting
Shima, 25 October 2018

Chairman’s Note
The 27th JECKU Top Executive Meeting was held in Shima City, Mie Prefecture,
Japan on 25 October 2018, attended by representatives from major shipbuilders
in Japan, Europe, China, Korea and the United States.
In traditional fashion, each of the delegations provided a report on shipbuilding
and economy in their respective regions, then individual market briefs by shiptypes were reported as well as review of global shipbuilding supply and demand.
The report of CESS (Committee for Expertise on Shipbuilding Specifics) included
a discussion of the ongoing efforts to improve the effectiveness of JECKU andspecific information on how shipbuilders will address new environmental
regulations.
Participants noted the outlook that while the global economy is showing signs ofrecovery, world seaborne trade is not likely to grow at a much higher pace thanworld GDP growth as seen in the past. In addition, all delegations shared the viewthat world seaborne trade could be severely affected by development of tradeissues which are currently taking place.
In the shipbuilding situation briefs, although some improved trends in neworders were pointed out, it was noted that orderbooks are not yet at asatisfactory level in the regions mainly building merchant vessels. On the otherhand, the briefs reported that a relatively stable business environment is seen in
the regions that specialize in building complex ship types. Regarding the ongoingurgent challenges in the shipbuilding market (i.e. the imbalance between supply
and demand and low ship prices), the Top Executives in general acknowledgedthat both seem to have come through the worst times. However, the Executives
are still not confident that both will follow the trends to full improvement andshowed a need for continued appropriate responses to the causes of thesechallenges.

1Individual market briefs and the review of newbuilding supply and demandindicated that a significant increase in newbuilding demand based on an increase
in seaborne trade is not expected. In this context, it was mentioned that somepublicly reported ship prices seem to indicate spreading of loss making levels,
which could cause major damage to the recovery of markets to sustainable levels.
On the other hand, the delegations showed some expectations that the strict
environmental regulations will accelerate the replacement of older fleets andlead to newbuilding demand.
All delegations agreed that it is imperative to reflect a common voice amongst
shipbuilders in the decision making process at the International Maritime
Organization (IMO). As represented by the strategies on GHG reductions set atIMO, the ambitious requirements in environmental regulations for international
shipping are gradually intensifying. Participants shared the view that these will
naturally deliver opportunities to shipbuilders for the introduction of innovativetechnologies and also shared the spirit of a role that we have to fulfill.
In parallel, it is important that the shipbuilding industry closely cooperate withrelated industries. For that purpose, it is essential that ASEF (Active ShipbuildingExperts’ Federation) and SEA Europe jointly cope with environmental challenges.
As endorsed last year, the participants confirmed that JECKU will support
activities of both ASEF and SEA Europe through the channel of CESS.
In keeping with the new JECKU element, so called “JECKU Evolution” agreed tolast year, several topics relating to the environmental regulation and related
impacts on shipbuilding business were reviewed. In this session, the Top
Executives welcomed and endorsed the moves toward seeking realistic solutions
that can be adopted by the key players. Additionally it was recognized that “anymeasures that may disturb the level playing field in the global shipbuilding
market are not helpful in creating a healthy market situation and the global
discipline on business practices is essential for fair competition” which had been
indicated in last year’s Chairman’s Note.
The 28th JECKU Top Executive Meeting will be hosted by the European
shipbuilders in 2019. All delegates agreed to meet in Viareggio, Italy in October
2019.
(End)

2List of Participants (Japan)#Name

Affiliation

1 Mr. KATOH, YasuhikoSenior Advisor (SAJ Chairman)

Mitsui E&S Holdings

2 Mr. KANEKO, Kenichi

Assistant General Manager

Mitsui E&S Shipbuilding

3 Mr. SHIOKAWA, KenichiManager

Mitsui E&S Shipbuilding

4 Mr. NAKAMURA, Yoshinobu

6 Mr. OMIYA, Hideaki

Chairman
Director and Acting Chief GeneralManagerChairman of the Board

Sumitomo Heavy Industries
Sumitomo Heavy Industries
Marine & Engineering
Mitsubishi Heavy Industries

7 Mr. TSUCHIYA, Takashi

Senior Manager

Mitsubishi Shipbuilding

8 Mr. SAITO, Tamotsu

Chairman of the Board

IHI

9 Mr. TERASAWA, Nobuhiko

Associate Director

IHI

10 Mr. MAEJI, Kazuto

Secretary to the Chairman

IHI

Secretary to the Chairman

IHI

11 Mr. MURAYAMA, Shigeru

Chairman

Kawasaki Heavy Industries

12 Mr. FUJITA, Shoichiro

Senior Manager

Kawasaki Heavy Industries

Mr. TASAKA, Hideki

Senior Manager

Kawasaki Heavy Industries

13 Mr. MISHIMA, Shinjiro

Executive Advisor

Japan Marine United

14 Mr. IWAMOTO, Hiroshi

Counselling Staff

Japan Marine United

15 Mr. YAMAMOTO, Atsushi

Deputy General Manager

Japan Marine United

16 Mr. HIGAKI, Yukito

President

Imabari Shipbuilding

17 Mr. HIGAKI, Kazuyuki

Executive Senior Managing Director

Imabari Shipbuilding

18 Mr. KASHIWAGI, Yoshinobu

Director

Imabari Shipbuilding

19 Mr. MINAMI, Sho

CEOOshima Shipbuilding

20 Mr. KAMICHIKA, Yoshinori

Executive Senior Managing Director

Oshima Shipbuilding

21 Mr. UEDA, Takashi

President

Sanoyas Shipbuilding

22 Mr. MIZUTANI, Keisuke

General Manager

Sanoyas Shipbuilding

23 Mr. KIUCHI, Daisuke

Executive Managing Director

SAJ

24 Mr. TERAKADO, Masashi

Managing DirectorSAJ

25 Mr. TSUCHIYA, Toshifumi

General ManagerSAJ

Deputy General ManagerSAJ

26 Mr. SUZUKI, Takeo

Manager

SAJ

27 Mr. GON, Narihiro

Assistant Manager

SAJ

Staff

SAJ

Director

JETRO London

5 Mr. MIYAJIMA, Koichi

Ms. TAKAHASHI, Yuri

Japan

Position

Mr. MUNECHIKA, Hidenori

Ms. AZUMA, Kazumi
28 Mr. MINATO, Takuya

3

List of Participants (Europe and China)#Name

29 Mr. DAMEN, Kommer

EuropeAffiliation

Damen Shipyards Gorinchem

31 Mr. HENDRIKX, Michiel

ChairmanManaging Director Offshore &Transport
Regional Sales Director Asia Pacific

32 Mr. MÄKINEN, EeroAdvisor

Meyer Werft

33

Vice President

Navantia

34 Mr. LE JONCOUR, Arnaud

SVP Sales and Marketing

Chantiers De L’atlantique

35 Mr. CENI, Paolo

CEO

CETENA

36 Mr. LÜKEN, Reinhard

General Managing Director

VSM

37 Mr. DEN HEIJER, Sander

Sector Manager

Netherlands Maritime Technology

38 Mr. CHEN, Minjun

Executive Vice Chairman

CANSI

39 Mr. ZHENG, Yiming

Vice Director

CANSI

40 Mr. SUN, Wei

Vice President

CSSC

41 Ms. XU , Miao

General Manager Assistant

CSSC

42 Mr. ZHENG, Chengrong

Senior Operations ManagerCSSC

43 Mr. CHEN, Jun

President

Hudong‐Zhonghua

44 Mr. ZHANG, Heng

Deputy Director of Business and Marketing Dept.

Hudong‐Zhonghua

45 Mr. LU, Zixue

Translator

46 Mr. LIU, Bo

Technical Expert

47 Mr. HONG, Fangzhi

Director

Hudong‐Zhonghua
China Shipbuilding PowerEngineering Institute
China Institute of Marine
Technology & Economy

48 Ms. HU, Yongxiong

Vice‐chief

Guangzhou Shipyard International

49 Mr. WANG, Qi

ChairmanShanghai Waigaoqiao Shipbuilding

50 Mr. TAO, Ying

Senior VP

Shanghai Waigaoqiao Shipbuilding

51 Mr. YANG, Weizan

Deputy DirectorCSIC

52 Mr. DENG, ChanglianVice President

Dalian Shipbuilding Industry

53 Mr. ZHANG, Yuhuan

Vice President

Bohai Shipbuilding Heavy Industry

54 Mr. WANG, Guohai

General Manager

Wuchang Shipbuilding Industry Group55 Mr. LI, Shengjiang

Director

China Shipbuilding Information Center

30 Mr. BRONSCHEER, Jason

China

Position

Mr. RECAMÁN RIVAS, Manuel Ángel

4

Damen Shipyards Group

Damen Shipyards Gorinchem

List of Participants (Korea and the United States)

USAKorea#Name

Position

Affiliation

56 Mr. KANG, Hwan GooPresident & CEO

Hyundai Heavy Industries

57 Mr. KA, Sam Hyun

President & COO

Hyundai Heavy Industries

58 Ms. KIM, Eun Ji

General Manager

Hyundai Heavy Industries

59 Mr. KIM, Kwang Woo

General Manager

Hyundai Heavy Industries

60 Mr. SEO, Mingi

OfficerHyundai Heavy Industries

61 Mr. NAM, Joonou

President & CEO

Samsung Heavy Industries

62 Mr. KIM, Kyoung Hyeok

Executive Vice President / Marketing Division

Samsung Heavy Industries

63 Mr. OH, Seong Il

Vice President / Marketing Planning

Samsung Heavy Industries

64 Mr. TAKITA, Kyoichi

Chief Representative Tokyo Office

Samsung Heavy Industries

65 Mr. MIN, Kwanjoon

Senior Manager

Samsung Heavy Industries

66 Mr. JUNG, Sung Leep

CEODSME

67 Mr. PARK, Hyung GunVice President

DSME

68 Mr. CHOI, Weon SeockDirectorDSME

69 Mr. KIM, Pyeong Yeon

General Manager

DSME

70 Ms. BOK, So YoungManager

DSME

71 Mr. HAN, Young Seuk

President & CEO

Hyundai Mipo Dockyard

72 Mr. PARK, Tae Yung

General Manager

Hyundai Mipo Dockyard

73 Mr. YOON, Moon Kyoon

President & CEO

Hyundai Samho Heavy Industries

74 Mr. EUN, Hee Suck

Executive Vice President

Hyundai Samho Heavy Industries

75 Mr. CHUNG, Seok Joo

Managing Director

KOSHIPA76 Mr. KIM, Sung HyunTeam Leader

KOSHIPA77 Mr. HA, Sung EunStaff

KOSHIPA78 Mr. GRANEY, KevinPresident

General Dynamics NASSCO

79 Mr. WETHERALD, TomDirector

General Dynamics NASSCO

5