Fleet Under Pressure: Capacity, Costs, and the Crew Crisis

Global shipping is grappling with a perfect storm: shipyard slots are scarce, newbuild prices have skyrocketed, and offshore fleets face aging vessels with poor ROI on replacement. At the same time, a widening talent gap – exacerbated by rising crew costs and a new generation less willing to go to sea – is leaving operators short-handed. This session examines how these pressures are reshaping vessel supply, crew dynamics, and project cargo flows, with a regional lens on the Arabian Gulf and Red Sea, tariff shocks, and political instability.

Wednesday 04 February 14:40 - 15:30 Main Stage

Fleet Outlook

Add to calendar 02/04/2026 14:40 02/04/2026 15:30 Fleet Under Pressure: Capacity, Costs, and the Crew Crisis

Global shipping is grappling with a perfect storm: shipyard slots are scarce, newbuild prices have skyrocketed, and offshore fleets face aging vessels with poor ROI on replacement. At the same time, a widening talent gap – exacerbated by rising crew costs and a new generation less willing to go to sea – is leaving operators short-handed. This session examines how these pressures are reshaping vessel supply, crew dynamics, and project cargo flows, with a regional lens on the Arabian Gulf and Red Sea, tariff shocks, and political instability.

Main Stage Asia/Dubai

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Moderator

Cris Partridge

Managing Director, Myrcator Marine & Cargo Solutions FZE

Speakers

Dr Ahmed Al Abri

CEO, Arab Shipbuilding and Repair Yard (ASRY)

Kyriacos Panayides

CEO, AAL Shipping (AAL)

Martin Harren

Owner & CEO, Harren Group

Peter Molloy

Senior Associate – Breakbulk & Heavylift, Drewry Maritime Research