No.17 | November 2013
Transcription
No.17 | November 2013
ISSUE NO. 17 | NOVEMBER 2013 Scan QR-Code with your mobile and download the Fleet News at www.laeisz.de CORPORATE INFORMATION OF THE F. LAEISZ GROUP RESEARCH VESSEL “MYA II” NYK IBIS 2012 AWARD RETIREMENT OF JÜRGEN FISCHER Environmental Award „Blauer Engel“ See page 2 Best Owner See page 4 Change in Management See page 5 20 YEARS OF TEAMWORK FOR THE PAST 20 YEARS, LAEISZ AND GL MARITIME SOFTWARE HAVE WORKED CLOSELY TOGETHER IN DEVELOPING A NUMBER OF SOFTWARE TOOLS THAT, TIME AND TIME AGAIN, HAVE PROVEN TO BE PACEMAKERS FOR THE INDUSTRY. GL Maritime Software LAUNCHED IN 1993 Right up until the early 1990s, the use of computers with customized programs was almost nonexistent. “In 1992/93, software for ship operations was simply not available. We were amongst the very first suppliers,” says Heiko Hofmann, Managing Director of GL Maritime Software. Harald Schlotfeldt, Managing Technical Director at Reederei F. Laeisz, also remembers those pioneering times: “Even in the mid-nineties, only 30 percent of shipping companies supported their ship operations with software. We certainly took on the role of trailblazers.” In 1992, development started on a comprehensive basic tool for the administration of a merchant vessel. The components designed to ease the workload on the ship’s command were relatively straightforward to begin with. It was not until 1996 when the IT experts of GL Maritime Software implemented a program with the acronym SAMS on the Laeisz ships “Pommern” and “Potsdam” that technology really began to move forward. SAMS proved to be very effective, and thus provided the basis for further developments. Soon, two modules formed as the technical pillars supporting the ship operation followed suite: the Planned Maintenance Sys- tem (PMS) and the Material Management System (MMS). Today, Reederei F. Laeisz is still a leader in the implementation of data processing to assist the ship’s officers in their work and to make complex operational processes more transparent. “We are very happy to be an innovation driver and would like remain so in future“, says Harald Schlotfeldt. DRIVER FOR INNOVATION In contrast to the early years, every change to the data processing architecture has, since 2008, had to pass via the desk of the system administrator: “My job is to keep the system well organized and, above all, transparent for other users,” says Catherina Martens. This centralized control is essential because the GL ShipManager is not only gaining in significance, but is also becoming increasingly complex with each new interface to other GL software products. ShipServ concentrates on data exchange with the spare parts suppliers and on all data relating to certification. The GL FleetAnalyzer combines various tools to generate a total assessment of the ship’s performance. “Yet another initiative from Laeisz,” says Schlotfeldt. For him, the GL FleetAnalyzer is a logical ‘dashboard’ for all the previous developments. “After all, when you have so much information, you also need to analyse and present it properly”. EDITORIAL DEAR FRIENDS OF F. LAEISZ There still is no light at the end of the tunnel! Insolvencies are still on the rise and early optimism has been proven wrong. No matter how long this crisis continues, once it is over requirements for acquisition of both debt and equity will have changed: Also a family controlled company will be required to have its’ corporate structure, processes as well as reporting organized in a manner that satisfies the necessities of capital markets. This will be essential for being financially competitive for future projects. Apart from this competitive advantages for a shipping company remain “on hire” statistics, operational expenses and access to the charter market. Yours truly, N. H. Schües BOOK REVIEWS DYNASTIES OF THE SEA Published by Marine Money, Inc., 2012 More book reviews on page 8 ISSUE NO. 17 | NOVEMBER 2013 | PAGE 2 BLUE ANGEL („BLAUER ENGEL“) CORPORATE INFORMATION OF THE F. LAEISZ GROUP NEW RESEARCH VESSEL „MYA II“ PUT INTO SERVICE The new research vessel RV „Mya II“ was christened and delivered in List/Sylt on 13th August 2013. With a length of 21 meters, RV „Mya II“ was the first vessel designed to suffice the requirements of the environmental award „Blauer-Engel“. The Blue Angel (Der Blaue Engel) is a German certification for products and services that have environmentally friendly aspects. It was first awarded in 1978 by the Jury Umweltzeichen, a group of 13 people from environment and consumer protection groups, industry, unions, trade, media and churches. Blue Angel is the oldest eco-label in the world, and it covers some 10.000 products in some 80 product categories.1 1 Reference: Blue Angel certifcation, http://en.wikipedia.org/wiki/ Blue_Angel_(certification) „WHITE AS MARBLE“ The British Royal Institution of Naval Architects selected the German banana freighter as the most beautiful new building of the year in 1960. The Reefer was christened after a mountain close to Athens being famous for its light marble and thus representing a very suitable name titular. The first draft for a reefership drawn up by the Deutsche Werft after WW II was very successful and realised by Reederei F. Laeisz in the 1960s in a slightly enlarged and further developed version. The MV “Pentelikon” delivered to F. Laeisz on the 6th December 1960 was the first Laeisz vessel transporting Bananas from Ecuador to Japan. Later she was also trading between Ecuador and the United States as a result of the co-operation between Standard Fruit and F. Laeisz as well as to the north continent under the charter of Salen-Lines of Sweden. The investment amortised already in the first five years of service, hardly imaginable today. In 1973 F. Laeisz sold the vessel to Mediteranska Plovidba, Dubrovnik and took it back under charter under the name MV “Plod”. In 1986 the once most beautiful vessel performed its last voyage and was recycled at Gadani Beach. The Bremerhaven based Alfred-Wegener-Institute for Polar- and Marine Research put the new Research Vessel into service and it now belongs to the science centre of the tidal flats on the island Sylt. According to the Head of Institute Mrs. Karin Lochte the small but very modern research vessel enables research among others of the structures and living conditions on the sea bed as well as measuring currents. The small crane on board enables equipment with a weight of up to 1 mt to be lifted in and out of the water. The „Mya II“ has an environmentally friendly paint coat and anti-corrosive coating. A special cleaning plant filters out nitrogen oxides from the exhaust gases, which reduces the pollution of the air and water which is much better for both the water and air. Furthermore, with a speed of 10 knots the “Mya II” is much faster than her predecessor “Mya” - an important point for the scientists as it gives them more time for the research of the flora, the fauna and the geology during the day tours. Due to the low draught of 1,50 m, the “Mya II” is also able to sail in shallow waters. Nevertheless, the biggest innovations are on the technical side. This becomes evident entering the navigation bridge with its numerous monitors and further facilities. The vessel has for example an echo-sounder allowing the researchers to determine the size, and the kind of fish making its catch superfluous. Almost every day researchers of the Alfred-Wegener-Institute, scientists from all over the world and their students are going to use the “Mya II” for research cruises. For all of them the most important point is to research how the changing climate and how newly migrating organisms are impacting the environment of the tidal flats. MIGUEL ANGEL ALMODOVAR: „HAVING A BANANA EVERY DAY PROMOTES GOOD HUMOUR“ This nutritionist specialist presents “Mood food”. “The cuisine of happiness,” a cookbook with recipes for uplifting the mood. There are foods that contribute to greater overall wellbeing and uplifting the mood. This is what the mood food stands for, a culinary trend that is gaining followers and is based on the consumption of certain products that activate the brain neurotransmitters asso- ciated with pleasure and good humour. The writer a specialist in nutrition and food, Michelangelo Almodóvar (Madrid, 1950) also believes in the power of foods that make us feel better and that “are also healthy.” That is why he just released Mood Food. The kitchen of happiness (Oberon). In the book big name chefs like Paco Roncero and Mario Sandoval encourage the following of this trend with the proposal of 16 menus. According to Almodóvar eating bananas not only gives you happiness or pleasure but can also prevent depression, panic or anxiety that has grown dramatically over the years as a result of the crisis. ISSUE NO. 17 | NOVEMBER 2013 | PAGE 3 CORPORATE INFORMATION OF THE F. LAEISZ GROUP PHOTO CONTEST 2013 – WEATHER PHENOMENA 1st prize (barometer): „Anvil Cloud“ taken by Mr. P. Oertel 2nd prize (weather station): „The Golden Gates over Rostock“ taken by Mr. R. Hessler From left: Chief Engineer Mr. Oertel (1st prize), Mrs. Günther (3rd Prize), Mr. Hessler (2nd prize) Weather Phenomena has been the title of our 3rd Photo Contest. Fleet News received many entries, however the theme seemed to be more difficult as expected as winning images should show a bit more than a nice sunset. However, at the end it was a challenging task of evaluating the top entries and selecting the winner and the two runners-up. Our selected photos are shown on this page. 3rd prize (book weather phenomena): „Japanese fisher boat imbedded by arctic sea smoke“ taken by Mrs. S. Günther We congratulate our winners and say thank you to all participants. ISSUE NO. 17 | NOVEMBER 2013 | PAGE 4 IBIS AWARD 2012 With some pride we received a message earlier this year from our Japanese correspondent that thanks to the performance of our vessel „POSEN“. Reederei F. Laeisz has been awarded the IBIS Award from NYK Container for “Innovative Bunker and Idle Time Saving”. The commemoration plaque shall motivate us to continue or daily work along the same line. CORPORATE INFORMATION OF THE F. LAEISZ GROUP BUSSEWITZ SAYS „GOOD BYE“ AFTER 30 YEARS IN SERVICE The MV “Bussewitz” was commissioned on the 4th February 1983 as building no. 179 at Howaldtswerke-Deutsche Werft AG, Kiel. vessel was renamed “BW Havlys” and continued trading under YARA Charter and our management. FESTSPIELE MECKLENBURG-VORPOMMERN, AUDIENCE AWARD 2012 She was purpose built for VEB Deutfracht/ Seerederei Rostock for the ammonia trade between Ventspils/Latvia and Rostock for the newly erected fertilizer factory in Poppendorf close to Rostock. Ramón Ortega Quero, 25 years from Spain, is the winner of the Audience Award 2012. In the photo is the 25 year old Ramón Ortega Quero, oboe, and Mrs. Annette Schroeder-Smakman, our CFO, who is handed over the Audience Award, sponsored by Reederei F. Laeisz. Captain Klaus Fanger played a vital role from the beginning of her long life. He was the responsible site manager supervising the construction of the vessel and later sailed with her for half of his life with only a small number of interruptions on other vessels. A few years ago he retired with more than 55 years on board as a seaman in our company. During her 30 years of service, unplanned off-hire did not exceed 30 days in total, i.e. she only had 1 day/year unplanned off-hire which is a remarkable accomplishment of her crew and management. Most of the crew among others Germans, Philippinos and Kiribatis served between 15 and 30 years on her and the vessel became their second home. From left: Harald Schlotfeldt, Stefan Behnes After the Reunification in the ealy 1990s Norsk Hydro Agri (today – YARA) bought the fertilizer plant in Poppendorf and somewhat unexpectedly also became the owner of MV “Bussewitz” as part of the property. After the change of ownership she carried ammonia between YARA terminals in the Baltic and Nordic Sea. From left: Ramón Ortega Quero, Annette Schroeder-Smakman In September 2006 YARA sold its shipping assets to BW GAS Oslo/Singapore and the In 2012 BW Gas decided that the Vessel was to be recycled after 30 years in service. After discharging in Horeya/Norway she commenced her final voyage under the command of Captain Rudolf Billep on the 4th March 2013. On March 20th 2013 she arrived at Aliaga/Turkey anchorage at around 10 am and was successfully landed the next day at 11 am. Thanks to all those who were involved with the operation of the vessel in the past and for their good cooperation and support. Thomas Hundt / Deputy Technical Director in charge of MV “Bussewitz” ENVIRONMENTAL REPORT 2012 PRINCIPLES The operation of seagoing vessels, the cargo transportation as well as the work at the shore side facilities are involved with impairing effects on the environment. Being aware of this fact, our shipping company admits its responsibility for the protection of environment from the environmental impairments caused by the company’s business activities. The shipping company undertakes to adhere to all relevant national and international laws and regulations in the field of environmental protec- tion. Duties resulting from such laws and regulations will be fulfilled with a high quality and, whenever practicable, implemented before they come into effect. In addition, the shipping company undertakes to deal with environmentally relevant individual problems and their implementation on a voluntary basis and in dependence on the economical feasibility and to implement the solutions for such problems. For this purpose, all activities and services are continuously inspected for their direct and indirect environmental impacts and the local, regional and global environmental aspects are included here. 2006 857.000 t -25% 2011 643.000 t -15% 2012 545.975 t ESSENTIAL RESULTS A total of approximately 545.975 metric tons of fuel (HFO and MDO) were consumed on board the ships. In contrast to 2006, this is a reduction in the quantity used of about 311.025 tons Please download the report at www.laeisz.de ISSUE NO. 17 | NOVEMBER 2013 | PAGE 5 CORPORATE INFORMATION OF THE F. LAEISZ GROUP CHANGE IN MANAGEMENT – RETIREMENT OF JÜRGEN FISCHER From left to right: Nikolaus H. Schües, Jürgen Fischer, Nikolas W. Schües, Roland Pallutz On July 25th Jürgen Fischer, Managing Director and Head of Personnel Department took his official leave from the company and entered into a well-earned working less after more than 47 years serving for the company. He will stay in the company at least until the end of the year to support ongoing projects and to assist Roland Pallutz, who was appointed as new ma- naging director and Volker Ueckert, who takes over the responsibility for the seagoing personnel. Mr. N.W. Schües praised the achievements of Jürgen Fischer during the many years being with Reederei F. Laeisz. Jürgen Fischer expressed his thanks for the warm words and he emphasized that he was always happy to work what he has always felt as “his company”. ENLARGING CHARTERING ACTIVITIES F. Laeisz and Leonhardt & Blumberg have announced that both long established shipping groups shall combine their container chartering activities in Martini Chartering. As of 1st July 2013 Martini Chartering is exclusively handling the container chartering activities for both groups controlling around 70 container vessels between 1.100 TEU and 5.000 TEU while continuing to work for its existing clients both Owners and Charterers as well as other market participants. Thereby customers will be offered a wider range of vessels and a greater market presence. The company will be headed by Stephan Bade, also Managing Director with Leonhardt & Blumberg, and Peter Eckhardt both signing as Managing Directors. All non-container business in both groups will be handled outside this joint activity. HANNES THIEDE WAS APPOINTED TO ITOPF’S ADVISORY COMMITTEE OLD WOODEN SHIP LOVERS ARE SHOWING THEIR TREASURES Hannes Thiede The International Tanker Owners Pollution Federation Limited (ITOPF) at it’s recent Bord of Directors Meeting in St. Petersburg has appointed Hannes Thiede to ITOPF’s Advisory Committee. The appointment reflects the growing number of Associate tonnage within ITOPF. For the 25th time the “Freundeskreis klassischer Yachten” organized the German Classics in Laboe. 180 participants, from the jolly-boat to the 12-meter-R-Yacht, decked the harbor. The participants came from Bremerhaven, Netherlands, Denmark or Sweden. The renovation methods are always an interesting topic to talk about, as it takes a lot of effort to preserve ships and the yearly awarded renovation prize provides further motivation. Under sails the ships are even more beautiful than in the harbour. Wind with Beaufort force four to five and a lot of sun were the best conditions for the ship-seniors; some of them were older than 100 years. ITOPF’s Membership currently comprises some 6,300 owners and bareboat charterers of approximately 10,900 tank vessels with a total gross tonnage of about 338 million GT. The organisation also benefits from the participation of almost 660 million GT of non-tanker tonnage owned and operated by its Associates. ITOPF’s priority service is responding to accidental marine spills and the organisation’s team of highly experienced technical staff are at constant readiness to travel anywhere in the world at a few hours’ notice. ISSUE NO. 17 | NOVEMBER 2013 | PAGE 6 CORPORATE INFORMATION OF THE F. LAEISZ GROUP ANNIVERSARIES 2013 | CONGRATULATIONS! BIRTHDAYS 2013 | CONGRATULATIONS! ASHORE ASHORE 10 years Michael Thurmann, Ralph Leinweber, Jens Oesau, Henrik Schmidt, Mathias Kroh, Hannes Thiede 60 years Brigitte Geist, Gisela Segert, Ute Labitzke, Volker Ueckert 25 years Dagmar Degenkolb 65 years Erika Foth, Willi Gäbel, Sigrid Pilch, Barbara Gebert 30 years Willi Gäbel, Brigitte Geist, Petra Pothmann, Roland Pallutz 40 years Dr. Martin Boche ON BOARD 45 years Manfred Zimmermann, Klaus Wunderlich, Barbara Obermayer, Marina Schäning, Monika Steinfurth, Günter Schulz 50 years Winfried Neisner, Frank Solibieda, Olaf Friedrich, Torsten Dibenau, Tom Kohler 60 years Reinhard König, Klaus-Dieter Darr, Dieter Reinhardt, Hubert Jakob, Georg Jasmand, Jürgen Günther, Hans-Jürgen Schleef, Lutz Klatt, Lothar Gladow 65 years Werner Haun, Rudolf Billep, Werner d’Avis, Karl-Wilhelm Meier, Karl-Heinz Palm, Andreas Hecht, Walter Moll, Hans-Jürgen Gaude, Jens Krohn ON BOARD 10 years Jörg Reppenhagen, Mario Montevirgen, Karl-Heinz Wrobbel, Gerald Meinert, Rene Arendt, Bernd Hoffmann, Philipp Gumtow, Thomas Kusch 25 years Frank Bähren 30 years Torsten Dibenau, Joao Matias-Jesus, Mario Tupy, Winfried Neisner 40 years Werner Haun, Hans-Joachim Janicke, Siegfried Forster, Jörg-Michael Griese, Peter Geitmann, Peter Heiser, Wilfried Neubert, Bernd Schwalger, Peter Gottschalk 45 years Theo Frey, Klaus Elsner, Norbert Roschkowski, Stefan Beer, Klaus Fiedler, Günter Krohn, Ernst-Uwe Martens, Hans Ulrich Minzlaff, Roland Stubbe, Bernd Voy, Jürgen Westendorf, Georg Koch, Walter Moll, Harald Kaczmarek 45 YEARS ON BOARD 45 YEARS ASHORE Manfred Zimmermann Klaus Wunderlich Monika Steinfurth Günter Schulz Barbara Obermayer Marina Schäning Theo Frey Klaus Elsner Norbert Roschkowski Stefan Beer Klaus Fiedler Günter Krohn Ernst-Uwe Martens Hans Ulrich Minzlaff Roland Stubbe Bernd Voy Jürgen Westendorf Georg Koch Walter Moll Harald Kaczmarek ISSUE NO. 17 | NOVEMBER 2013 | PAGE 7 CORPORATE INFORMATION OF THE F. LAEISZ GROUP COMPANY HISTORY PETER GAST SAILING REGATTA REMINISCENCES OF AN OLD HAMBURG CITIZEN – PART 7 The 31st September 2013 marked the 31st year of the Peter Gast Sailing Regatta. With over 150 boats and an excess of 1500 competitors making the trip from Maasholm to the Danish Isle of Aero, the race has grown significantly since it first began three decades ago. Five members from the Martini team made up half of the crew on board SY ‘’Veto’’, a Dufour 44. These included the skipper Peter Eckhardt, Kim Niebuhr, Sven Wickland, Max Brydon and Edgar Kirst. Having won the event in 2011, the team was keen to build on their previous success and expectations were running high when they set off for the Danish Isle of Aeroskobing with the nine other vessels in their class. After a rather eventful start, a series of swiftly executed maneuvers meant the crew was able to cross the finish line in first place. The race was followed by the usual prize giving in the evening which is always a great way to end such an enjoyable event. I spent three pleasant months in Coblenz, mainly due to the kindness of the master’s lovely young wife. Then I went to Bonn where I soon found work. There I often had the opportunity of taking part in discussions between theological and other students and of attending many passionate debates on religion and philosophy. I was exceedingly stimulated by all this and I formed an independent and liberal opinion which was contrary to the customary way of thinking. I was, at this time, already interested in intellectual matters and books were not only my stock-in-trade, their contents fascinated me too. I often read until late at night to get acquainted with renowned literature. Schiller’s noble and pure poetry inspired my heart and intellect most and soon I knew his outstanding works by heart. I have revered him my whole life long as the greatest genius of all time. VATTENFALL CYCLASSICS In Bonn, on the lovely River Rhine, I fell in love with a baker’s good-looking intelligent daughter and I think this would have led to marriage if I could have made up my mind to become a member of the Catholic Church. However, I was reluctant to take this step, and so we parted from each other and I travelled on to Münster by Cologne and Elberfeld. In my lodgings one night in Schwelm a long, lanky person came into my room and, without a word, lay down next to me in bed. Only after I had convinced myself it was not a hold-up but that the young man was moonstruck, did I willingly share my bed with him and we both slept tranquilly until the next morning. In the town Münster I worked for a catholic family and, during Lent, I did not get any meat to eat at all, which did not suit me in the least. Also, the fanatical hatred that the majority of the Catholic population felt against the Protestants did not help to make my stay more pleasant, so I soon travelled on to Osnabrück. But, alas, my master here was also an orthodox Catholic who used to carry a long altar-candle in the street processions, and this I disliked. To be continued in Fleet News no. 18 OBITUARY CAPT. PETER LUNAU A GREAT CAPTAIN PASSED AWAY. Born 1938 in Schleswig, the widely admired Captain Peter Lunau died in February this year and our condolences are with his wife Barbara. Captain Peter Lunau served successfully on many vessels of our fleet, among them were the “PURITAN” and the “PROTEKTOR”. Among his greatest achievements was in 1978 on “EVA MARIA”. The vessel, after being heavily damaged by an explosion, had to be given up, but after 3 days sailing, Captain Lunau was able to bring both rescue boats to safety with all crew alive. We shall remember him with gratefulness and admiration. On the 25th August 2013 Martini Chartering once again took part in Europe’s largest amateur cycle race - the Vattenfall Cyclassics. Having not entered a team for the 2012 event, Martini’s team of six participants were eager to get back on their bikes and attack the 100 km route through the outskirts of Hamburg. Although the temperatures were not quite as high as they were in 2011, it was still 28 degrees and the riders had to battle through a strong head wind for the final stages of the race. The team were led by Sven Wickland who finished first with an impressive time of 02:52:15 (average speed 35,78 kmph). He was closely followed by Peter Eckhardt who also posted a time of under three hrs with 02:52:58. It was in fact the youngest participants (Max Brydon and Edgar Kirst) who were the last to cross the finish line with times of 03:12:19 and 03:44:05 respectively....It just goes to show that age doesn’t count for everything!! All the riders once again thoroughly enjoyed this year’s event and we are already looking forward to entering 2014’s race. Please note that we continue to welcome volunteers and if you wish to take part please contact Martini Chartering on the following number +49 40 36 808 441. ISSUE NO. 17 | NOVEMBER 2013 | PAGE 8 CORPORATE INFORMATION OF THE F. LAEISZ GROUP GERMAN SHIPOWNERS LAUNCH WORKOUT PLATFORM BOOK REVIEWS FRACHTSCHIFF-KONTOR PROJECT BACKED BY RICKMERS, H. SCHULDT AND F. LAEISZ Author Klaus Bültjer – Dieter Schulze Title SEE-SCHIFF-LADUNG Reference Book for Shipping Agents Published by Verband Deutscher Reeder e. V. Zentralverband Deutscher Schiffsmakler e.V. ISBN978-3-923603-07-07 Three well-known German shipping companies have joined forces with Jan Duken to launch a bank-independent restructuring platform for vessels on the brink of insolvency. Hamburg-based FrachtschiffKontor is the brainchild of local restructuring specialist Jan Duken, with F. Laeisz, Norddeutsche Reederei H. Schuldt and Rickmers Reederei all involved as shareholders. The name, which roughly translates as “freight ship counting office”, has been chosen as a nod to the Deutsches Segelschiff-Kontor, which saved a substantial part of the German ship owners from bankruptcy in the years after the First World War. After three to five years purchased vessels will be refinanced, or possibly sold. The former owners may, under certain conditions, receive a debtor warrant. Managing partner Mr Duken said: “It is a reasonable distribution of opportunity and risk between the existing shareholders, the banks and ourselves. The provision of our platform and the additional securitization of the loans is what we bring into the equation.” See-Schiff-Ladung - is the title of the reference book newly issues by Verband Deutscher Reeder (VDR) und der Zentralverband Deutscher Schiffsmakler (ZVDS) The demand on shipping clerks in a modern shipping environment are manifold, irrespective of whether the profession is practiced with a ship owner, a broking company, a shipper, in tramp or liner shipping or other entities involved in the shipping business. In view of the multifaceted profession it is hardly possible to compile all knowledge in one reference book. This book attempts to touch on the most relevant issues or at least refer to them in short. It was the aim to illustrate the texts in accordance with practical needs, comprehensible and well arranged. The text has been written from practitioners for practitioners. The reference book is mainly addressed to young professionals but will also accompany many users throughout their careers. BOOK REVIEWS Author Lori Ann Larocco Title DYNASTIES OF THE SEA Published by Marine Money, Inc., 2012 ISBN978-0-9837163-6-5 Dynasties of the Sea is the first book to examine one of the most powerful forces in global trade and economic development: world shipping and the magnates who drive the industry. Operating from Monaco to Hong Kong, London to Athens, Singapore to Oslo, New York to Paris, shipowners and their financiers have changes the world every way. From transporting agricultural products from Brazil to Africa and the Middle East, to delivering Australian iron ore to China, to carrying Middle East crude oil to Asia and the Americans, to carrying almost every article of clothing you are wearing and every electronic device in the world, shipowners have enabled global economic development and helped raise the entire global standard of living. While ocean shipping remains one of the most important businesses in the world, it is also one of the most volatile. Affected by such imponderables as weather and political upheaval, shipowning cultures have maintained their commitment to an industry that has endured for centuries – and will continue to endure for centuries to come. The candid and detailed first-person profiles that comprise Dynasties of the Sea provide critical insight into the psychology of today’s generation of shipping magnates, from how they view risk – politically, economically and environmentally – to what they see transpiring in the world tomorrow. In the photo is our apprentice Edgar Kirst with his new copy of “See-Schiff-Ladung”. PUBLISHED BY: Reederei F. Laeisz G.m.b.H. Phone: +49 40 36808-229 · Fax: +49 40 36808-257 E-Mail: [email protected] · www.laeisz.de · Design & Layout: www.matrix-design.com