Margaret Snowden, chair of the Pensions Administration Standards Association, added: “I think we make it hard for people to save sometimes by insisting that they save X percent every week or every month without fail.“A little bit more flexibility to allow them to increase or decrease contributions as they go through life would be favourable. We need our systems to be a lot more flexible, to cater to what the members actually do.”Bill Galvin, chief executive of the Universities Superannuation Scheme (USS), the UK’s largest pension fund, echoed calls for flexibility to help cope with the rising cost of retirement provision and help individuals “manage through changes in circumstances and changes in their position”.Dean also highlighted research being done by NEST’s Insight arm into the potential benefits of so-called “sidecar savings”. NEST launched a pilot programme earlier this year designed to help auto-enrolled savers build up an emergency pot of liquid savings alongside their pension.She cited Harvard University research that had shown benefits for individual savers in terms of health, financial wellbeing and pension saving, and called for more research into similar areas.“There’s quite a bit of academic research looking at… how can you translate a long-term goal into a short-term goal for someone,” Dean added. “Should you talk about saving a certain amount of money this year? Or is it better to say, ‘you’ve bought a year of retirement’? We need to understand what works in practice: try different things with cohorts of members and do proper A/B testing to see what works.”The PLSA this morning launched a set of “Retirement Living Standards”, an illustrative framework to help individuals picture the lifestyle they want when they retire and what it might cost. Forthcoming regulations should focus on making the UK pension system more flexible for defined contribution (DC) savers, according to speakers at the Pensions and Lifetime Savings Association’s (PLSA) annual conference in Manchester.Helen Dean, chief executive of £8bn ((€9.3bn) DC master trust NEST, called for a more holistic approach to retirement savings, taking into account long-term and short-term savings as well as “scalable, affordable solutions” for the decumulation stage, in particular for lower earners.“Automatic enrolment has been a great thing – it’s got people saving, and it’s a great foundation to build on,” Dean said. “But having built the foundations, we now need to build the house.”She highlighted women and self-employed workers as two groups requiring more flexibility than the current DC system allows.
“However, next year’s program will be even more important from an investor’s perspective, especially with changes to property rules expected under a potential new government.“We know from history that elections tend to distract the market anyway, but this time around there is the added uncertainty over the future of negative gearing on established properties should Labor win the election.“Combined with the interest we are expecting from our traditional visitors to the Coast, this provides a compelling reason for many property owners to sell in January.“We have no doubt that investors who depend on the negative gearing rules that exist today also will be looking closely at established properties. Crowds at Ray White Surfers Paradise Group’s The Event earlier this year. Picture Mike Batterham Ray White Surfers Paradise CEO Andrew Bell in action at The Event earlier this year. Picture Mike BatterhamONE of the Gold Coast’s biggest real estate agencies is gearing up for its flagship residential auction event.Ray White Surfers Paradise Group’s annual auction program The Event, on January 28, is set to cap off the busy Australia Day long weekend on the Gold Coast.“We’ve taken a different approach to The Event next year for a number of reasons,” said Ray White Surfers Paradise CEO Andrew Bell.“As always, sellers will still be taking advantage of the peak holiday season on Gold Coast,” he said. Crowds at Ray White Surfers Paradise Group’s The Event earlier this year. Picture Mike Batterham“January remains our best month for tourism, and with more accommodation coming onto the market we’re expecting record numbers again next year accompanied by another strong buying season.“We’re holding The Event on a Monday for the first time, taking advantage of the full long weekend to give prospective buyers more time to view properties ahead of the auction.”This year’s The Event attracted a crowd of about 1000 people, including more than 170 registered bidders who collectively spent more than $35 million on property.Mr Bell said while the 2019 auction program was being finalised over the next two weeks, he was confident of delivering an array of Gold Coast properties to buyers through The Event 2019 program.More from news02:37International architect Desmond Brooks selling luxury beach villa13 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“The Australia Day long weekend will be the prime time for buyers to stake their claim on their piece of Gold Coast real estate,” Mr Bell said.“Inquiries traditionally are up 60 per cent during January and we’re expecting next year to be no different. Crowds at Ray White Surfers Paradise Group’s The Event earlier this year. Picture Mike Batterham“We’re expecting more buyers to take advantage of the proposed grandfathering provisionsfor negative gearing of established properties ahead of any official changes to theregulations.”The Event, run in conjunction with the Gold Coast Home & Living Expo, is being held at RACV Royal Pines Resort on January 28, 2019.
FOLLOW SOPHIE FOSTER ON FACEBOOK The “pizza yurt” is not so much a yurt but it’s still a great spot to make pizzas. The Dayboro Cottages & Llama Walks are for sale an hour northwest of Brisbane. Pictures: Realestate.com.auA stunning property with a side hustle of llamas and a pizza yurt has hit the market in Brisbane’s north.Made up of five luxury cottages, a herd of llamas, a “pizza yurt” and 15.38 hectares in which to roam, plus a house currently used as a manager’s residence, the property brings home the bacon so to speak, with triple income streams.Not only do the cottages get rented out to tourists and visitors, but there was also the llama walk and seven fenced paddocks, some of which were rented out for cattle to graze.Real estate agent Vicki Pain of Ray White Dayboro said it was a unique offering, in a good spot, offering entertainment and accommodation options for those wanting to get away to the Brisbane Hinterland.“The previous owners set up Llama walk,” Ms Pain said. “They originally bought the top house and then purchased the bottom title and built the cabins. The views from up there are just stunning.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenStarting your hunt for a dream home00:51 The property is set back from the road.Its unique features saw the Dayboro Cottages & Llama Walks star on Channel 7’s ‘The Great Day Out’ program. It has a four star rating from the Queensland Tourism Industry Council, as well as a 4.5 rating on Tripadvisor. “It’s good for someone looking for a change of lifestyle. It’s an hour’s drive to the city, an hour to the airport and close enough for families to come out,” Ms Pain said.More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours agoThe business has a good record on Tripadvisor.One of its sources of visitors was its location close to popular venues like Ocean View — an award-winning winery, while a popular wedding venue Glengariff Estate was just opposite the property.“It services a lot of those who come up, because we’ve got wedding venues up here with not enough accommodation for guests. The cabins are quite popular. We do get weekend people (too).” Agisted cattle use the fenced paddocks too. Apart from the llamas, there were also alpacas and agisted cattle using the pastures. The property also has a chook house, large storage shed and stable, with a spring fed dam and tank water.Ms Pain said a separate property next door was also for sale — a hilltop farm house used by the owners. The floors of the cottages are polished and each has barbecue facilities.Each cottage has a kitchenette, laundry facilities, an ensuite — one of which also has a spa bath — raked ceilings, polished floors and large balconies looking out over a panorama of the Dayboro Valley with the D’Aguilar range in the distance. Even the two-bedroom manager’s residence has a large deck and the same jawdropping views.“Set well back from the road these bushland retreats offer perfect peace broken only by the sounds of the birds,” was how it was listed. The balconies of the five cottages offer stunning views across the Dayboro Valley.
Six registered bidders took the property to auction with 35 onlookers spilling on to the street.Among the spectators was a couple from Nundah whose pre-auction offer of $835,000 had been rejected. The house at 1 Rose St, Wooloowin is close to schools and the Kedron Brook bikeway. The house at 1 Rose St, Wooloowin that sold at auction on Saturday for $892,000. Picture: supplied.IT WAS a strong start to auction day in Brisbane on Saturday with the first house on offer selling under the hammer just after 9am.The three-bedroom Queenslander on the corner of Rose and Gorman streets at Wooloowin, had been in the one family since Bob Hawke was prime minister in 1990.Its signature lemon facade, and blend of English country and tropical landscaping, had made it a conspicuous landmark for the local Kedron State High School community, just four houses away. Ray White chief auctioneer Phil Parker opened the auction to offers at 8.55am and several bidders stumbled over each other to call out the first bid of $700,000.More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoBidding then went up in $5000 lots, with the main contenders a couple standing in the middle of the street, another under the Rose St signpost, and a third couple at the back of a blue car parked outside the 602sq m property. MORE REAL ESTATE STORIES Renee Chen and Elliott Stumm were tenacious in their bidding, determined to finally have a place to call home.At $875,000 the bidding stalled with the blue car bidders in front.“We’re just warming up,” Mr Parker announced, looking to the underbidders. “You’re having so much fun and you haven’t spent any money.”Mr Parker then paused the auction so Ray White Ascot agents Ian Cuneo and Andrew Flanagan could negotiate to get the house on the market.The pause was at times heated with one person clearly anxious for private conversations to end and the auction proper to restart, which it did after 18 minutes.The blue car bidders had raised their offer to $890,000 and the house was officially on the market.The Rose St signpost couple found another $1000 bid, but Renee Chen and Elliott Stumm, standing behind the blue car, returned volley and the house was sold to them under the hammer for $892,000.“We have been looking for about a year and a half,” Ms Chen said.“We were looking at Wilston and Windsor but then we expanded out.”The couple are currently renting nearby and with four failed auctions under their belt, were determined to make this one count.“We like the corner block and that it’s a Queenslander, and we like the street and the (Kedron) Brook close by.“No, we’re not gardeners. This is our first house together.” SEE WHAT ELSE IS AVAILABLE IN WOOLOOWIN >>>FOLLOW THE COURIER-MAIL REAL ESTATE TEAM ON FACEBOOK<<<
The rooftop terrace on the house at 17 Cavallaro St, Robertson. And a five-bedroom, five-storey house with sweeping views of the Brisbane River and Hamilton Hill from every level at 7 Langside Rd, Hamilton is set to go under the hammer today. Inside the house at 10 Thorpe St, Balmoral, which is for sale.“From our front deck we can look down to Portside (Wharf) and see the cruise ships come in from the top of the hill,” Ms Bright said.“From the side of the house, there are views to the river over Bulimba, and from the back, we can see the city.“It’s kind of like you’re up in the trees — like a nest.”Ms Bright said the house had about 50 windows in it, but did not compromise on privacy.“Because it’s elevated above other houses, it’s not like other people can really see in,” she said.Having moved there from a unit in Perth several years ago, Ms Bright said she had noticed a difference “psychologically”.“After living in a small, dark apartment, going to something nice and bright and airyMore from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agomakes all the difference in the world to your standard of living,” she said. This house at 3 Combles Rd, Camp Hill is on the market for offers over $1.6 million.Dan and Ruth Ellul are selling their home through Denis Najzar of Place — Woolloongabba and designed and built the property on an elevated block to make the most of the city views. “The views are pretty unbeatable from this position,” Mr Ellul said. The view from the house at 10 Thorpe St, Balmoral.Emilene Medelis of Place Bulimba, who is marketing the house, also believes a great view can add a substantial amount to the value of a property.“As our lives are getting increasingly busier with work, having a view or outlook provides a sense of peace and tranquillity, which in turn, we are seeing adds value to properties,” Ms Medelis said.“In the inner-city, particularly when land sizes are a lot smaller, we’re finding our buyers are seeking properties with a view because it gives the feeling of extra space.” The view from the house at 94 Minimine Street in Stafford. The home at 7 Langside Rd, Hamilton, has views from all five levels. The view from the house at 19 Glenlyon Dr, Ashgrove.3. DECENT VIEWAn unobstructed view from a medium elevation. This category is primarily reserved for homes that reside on the top of a small hill, according to Michael Matusik. “This particular view can see areas all around a home without any obstructions, but aren’t high enough to see far beyond the house’s small community,” Mr Matusik said.“Having an open area will always command more money than if you can only see a few houses down, so this type of view has the potential to add between nine per cent and 12 per cent to the value of your home.”That means a $500,000 home could be sold for around $560,000. Jenny Bright is selling her resort-style five-bedroom house at 10 Thorpe St, Balmoral, which is in an elevated position and boasts views from a number of areas of the home. This house at 7 Langside Rd, Hamilton, is set to go to auction. The rooftop terrace at 3 Combles Rd, Camp Hill where Dan Ellul and his children Edie, 18 months and Matilda, 4, enjoy panoramic views of the city. This house is for sale now. Picture: Annette Dew.A builder by trade, Mr Ellul said a view was always high on the priority list when it came to building a home, along with being within walking distance to amenities.Also boasting panoramic views is a property at 17 Cavallaro St, Robertson.The massive six-bedroom, six-bathroom home has a spectacular rooftop terrace with 360-degree unobstructed views. This house at 10 Thorpe St, Balmoral, is for sale.4. PANORAMIC VIEWClassified as an unobstructed view from a high elevation, this type of view can add between 15 and 25 per cent to a property’s value.It is better than the previous view in that it allows the resident to be able to see a wide vista from the comfort of their own home, which can add significant value. “Our estimates here have a wide range because much depends on what you see,” Mr Matusik said. “Still, the value of the real estate can increase substantially, with the new sale price as high as $625,000.”An example of a home with this type of view is the property at 94 Minimine St, Stafford, which is for sale via tender closing May 28.This house has unobstructed views of the Brisbane CBD and surrounds from a high elevation. The view from one of the terraces at the home at 7 Langside Rd, Hamilton. This house at 94 Minimine St, Stafford, is on the market for over $3 million.Another house with this type of view on the market right now is a four-bedroom ‘Tower House’ at 3 Combles Rd, Camp Hill with its own rooftop terrace. The valuable view from the house at 52 Seaview Tce, Sunshine Beach, which is for sale for a whopping $7.25m.Mr Matusik said the chances of finding a property with a great view were becoming increasingly difficult, as more and more properties were constructed in an area.“Properties with a view command a range of premiums now, and these bonuses are likely to rise further in the future,” he said.FIVE DIFFERENT TYPES OF VIEWS1. PARK VIEWThis type of view means the home is usually located at ground level — the same level as many of the other properties around you — but you have the advantage of having a view that allows you to see a large, non-residential space, like a park. Mr Matusik believes such a view can increase a property’s sale price by between three and five per cent, meaning the new sale price for a $500,000 home could increase to $525,000.A house for sale at 76 Burilda St, Hendra has a balcony overlooking TC Beirne Park across the road.The five-bedroom, three-bedroom home is on the market for a cool $1.59 million. 5. WATER VIEW This house at 19 Glenlyon Dr, Ashgrove, is for sale. This house at 76 Burilda St, Hendra, has park views.2. CITY GLIMPSESThis type of view usually refers to the outlook from the rooftop and is usually partially obstructed.So, you may be able to almost see over all of the other properties around you, but there may be a few buildings that partially obstruct your view. Mr Matusik said that generally, the more elevated the home, the more value a view can bring to it.He predicts this type of view can bring in an additional six per cent to eight per cent to a home, lifting the potential sales price of a $500,000 property to $540,000.An example is a three-bedroom house at 55 Norman St, East Brisbane, which is going to auction. MORE: Tide turns for riverfront units The ultimate in views, Mr Matusik’s research suggests an obstructed water view could add between 30 per cent and 80 per cent to a home’s sale price. “The biggest attraction of a view continues to be a large body of water, with the higher premiums being given to salt water,” Mr Matusik said. “Also, at the upper end of the premium range, the water view needs to be unobstructed and the more rooms it can be seen from, the better. “Depending on the body of water, the residence can increase in value up to 80 per cent.”That means a house with a $500,000 base price would have a potential price tag of $900,000. A riverfront house at 15 Waterline Crescent, Bulimba, is currently on the market, offering uninterrupted views of the water. This house at 52 Seaview Tce, Sunshine Beach, is for sale for $7.25m. Glimpses of Brisbane’s CBD skyline can be seen from this house at 10 Thorpe St, Balmoral.He and his colleagues have undertaken a study, which has found that certain types of views add different values to properties. “Our work identified the different views available and then we looked at how much they can increase a dwelling’s value,” Mr Matusik said. “Our investigation was also based on an identical new dwelling built in the same area (but with differing views) with a base price of $500,000.” Jenny Bright at the house with a view she is selling in Balmoral. Picture: Peter Wallis.BRISBANE home hunters are forking out hundreds of thousands of dollars more for a property just because it has a view.When it comes to adding value to a home, it turns out a nice vista can increase the sale price by up to 80 per cent, according to independent property advisory Matusik Property Insights. Director Michael Matusik said one of the things that was often misjudged when it came to pricing a property was factoring in how much a view was worth. RELATED: Waterfront home a real class act This house at 17 Cavallaro St, Robertson, is for sale for offers over $4m. This house at 55 Norman St, East Brisbane, offers views from its multiple, covered entertaining areas.The property is on one level, with a configuration that allows for multiple living areas that interact with covered outdoor entertaining areas, offering city glimpses.Another three-bedder in Ashgrove is for sale with a view as its selling point.The Spanish Mission style home offers partial city views from its north-facing deck. This property at 15 Waterline Cres, Bulimba, is for sale.On the Gold Coast, a six-bedroom beachfront home at 36 O’Connor St, Tugun, is scheduled for auction next month. The view of the water from the living room in the house at 36 O’Connor St, Tugun.And on the Sunshine Coast, an incredible four-bedroom house at 52 Seaview Tce, Sunshine Beach, is for sale for an eye-watering $7.25 million.Inspired by the Greek island of Santorini, the oceanfront home is bathed in white and has breathtaking, unobstructed water views, which might explain the jawdropping price tag. This home at 15 Waterline Cres, Bulimba, has unobstructed water views. The water view from the house at 52 Seaview Tce, Sunshine Beach, which is for sale.
What is the best thing about your suburb? FOLLOW US ON FACEBOOK Where do you live and why? We live in Hope Island because it’s a beautiful yet very practical suburb for busy modern living. Our first home was here in one of the estates. Aarti Bajaj at the award ceremony in Los Angeles last week. Picture: Supplied.The World Championship of Performing Arts in Los Angeles presented her with three silver and two bronze medals for excellence in drama, dance, and modelling.Ms Bajaj is the director and star of the Indian dance spectacular Meera which launched on the Gold Coast last year and has since toured to New Zealand.She’s also a mother of two and a sonographer, and dreams of finding a home where she can spend more time with the kids and less time doing the chores. What do you love about your home? More from newsNoosa’s best beachfront penthouse is about to hit the market12 hours agoNoosa unit prices hit new record high as region booms: REIQ12 hours agoWe love this house because it has a perfect urban Gold Coast living feel to it. We continue to reside in our first house on Hope Island. It is very contemporary, on beautiful waters, facing the magnificent Hope Island Golf Course. Maybe change our interiors a little more, I mean make it a little more contemporary. What would you change about your home? Hope Island is beautiful, safe, and close to multiple great schools and parks for kids and minutes to the motorway. It’s just a perfect, relaxing yet luxurious location for a busy working couple. The northern Gold Coast suburb of Hope Island. Picture: Mark Burgin. Gold Coast-based performer Aarti Bajaj. Picture: Helen Selmeczy.QUEENSLAND performer Aarti Bajaj has returned to Queensland with a bag of medals after competing in the Olympics of the performing arts world. Houses are not just expensive to buy, they are even more expensive to maintain. Therefore never over capitalise. Don’t put all your eggs in one basket. If money was no option, what would be your fantasy home and where? I would continue to live where I live but my fantasy home would be a house with loads of domestic help. Loads of help so that I can spend more time towards things that really matter to me like playing with my kids, spending time with my husband and doing loads of creative work. What was the best piece of property advice you were given?
There are multiple entertaining areas.Third, the layout is perfect for a family. It has the separation of the master from the other bedrooms and has multiple living areas, which is what professional families are after,” she said.“Finally, it’s the level of the quality of the build. It’s a substantial build and clients of this calibre understand how much it would cost to replace a home of this quality.”Architecturally designed, 37 Quay Street Brisbane sits comfortably on an 885sq m block by the Brisbane river. This homes at 37 Quay St, Bulimba, captured the eyes of the nation when it was last on the market.A Brisbane house that captured the nation’s attention when it went up for sale two years ago is back on the market.The property at 37 Quay Street, Bulimba, marketed in 2018, was at one point the most viewed house in Australia on realestate.com.au, receiving almost 200,000 hits, and attracting a large number of inquiries. Hey good looking: 37 Quay St, Bulimba, is back on the market.It sold on May 21, 2018, for $3.7 million through Paula Pearce of Place Bulimba estate agency.Little has changed about the house since it was last snapped up, but will it be able to attract the same attention second time around and in an unpredictable COVID-19 market? The property is said to be an entertainer’s dream.Ms Pearce, who is again marketing the property, said she couldn’t see why not and those who missed out last time could now have a second bite at the cherry.She said that of the previous inquiries, about 70 per cent were from local buyers, with 30 per cent coming from interstate and overseas. In fact, it was a family from Sydney that finally sealed the deal, relocating to Brisbane from NSW.However, work commitments have forced them to make another interstate move, which is why the house is back on the market so soon. The kitchen has top-range appliances.Ms Pearce said she expected the qualities that first attracted people to the home would again make it popular among buyers.“This house has the full package. First, is the location. It’s in what we call the river avenues of Bulimba, which are highly sought after,” she said. “Second, it’s on a large block, almost 900 sq m, which are hard to find.” The built-in outside barbecue and covered entertaining space.“At the beginning of COVID-19 people were cautious because they didn’t know what was going to happen. But as the curve has flattened, confidence has returned and people are out there making decisions and purchasing properties,” she said.The property launched today and is open to expressions of interest through Place Estate Agency Bulimba. An open for inspection will be held tomorrow, June 13, from 3.30pm to 4pm. The master bedroom is spacious with a luxury ensuite and walk-in wardrobe.The outside space includes a custom built-in barbecue, inground pool and spa, and a covered entertainer’s area with a bathroom and shower.Ms Pearce said while she could not predict what the market would do, she was confident that there were buyers out there in the right price bracket that were willing to buy, irrespective of COVID-19. More from newsParks and wildlife the new lust-haves post coronavirus9 hours agoNoosa’s best beachfront penthouse is about to hit the market9 hours agoThe property is filled with light and has double-height voids.Internally it has an open-plan layout on the ground level, with double height voids, expansive glass windows, matte tiled flooring and the use of cedar on walls and ceilings. The kitchen, designed by Garsden & Clarke, is ideal for culinary enthusiasts and features Essastone benchtops, two ovens and a large butler’s pantry. The five bedrooms can be found on the second storey with plenty of space between the master and secondary rooms.
Image Courtesy: BrodosplitIn today’s spotted we bring you an image from the launching ceremony of Flying Clipper, a full-rigged sailing ship, held at Croatian shipyard Brodosplit on June 10.Brodosplit said that Flying Clipper is now the world’s largest sailing vessel.Built for Monaco-based cruise company Star Clippers, the newbuilding features a length of 162 meters and a width of 18.5 meters.The 2,000 dwt ship has five masts and five decks and is able to accommodate 450 persons.Built according to Ice Class requirements, Flying Clipper will be able to sail in all regions including the Arctic and the Antarctic regions, the shipbuilder said.Apart from the yet-to-be-delivered newbuilding, Star Clippers’ fleet comprises three sailing vessels – Star Clipper, Star Flyer and Royal Clipper.
Industry bodies in China, led by HNA Technology Logistics Group and China Classification Society (CSS), have established what is now known as the unmanned cargo ship development alliance.Supported by experts from the ABS, DNV GL, Chinese ship and Marine Engineering Design Institute, Shanghai Marine Diesel Engine Research Institute, among others, the alliance is expected to have a profound impact on the industry.According to Li Weijian, Vice Chairman of HNA Technology Logistics Group, unmanned cargo transport development alliance is not only the organizer and leader of future shipping development, but founder and facilitator of technical product rules.CSS said that it will work together with the industry to carry out unmanned cargo transport and related technology research, establish unmanned ship standard, promote the revision of the regulations, and provide assessment, verification and inspection services for the industry.The alliance intends to become a pioneer in the adaptation of shipping and shipbuilding industry to the rapid change of market and technology, and believes that there will be broad prospects for the application of the outcome.The alliance plans to invite more scientific and technical research institutions, industry and end-users to participate, and develop cooperation in the areas of unmanned cargo transport development, ship manufacturing and operation.It is expected that the first unmanned cargo ship would be delivered in 2021, becoming the pioneer for the future shipping mode.