cma shipping 2009 - Connecticut Maritime Association

VOLUME XVII, NUMBER 8SSP
2000
MARCH T2009
N E W S L E T T E R
O n e S t a m fo rd L a n d i n g , 6 2 S o u t h f i e l d Av e nu e • S t a m fo rd , C o n n e c t i c u t • 0 6 9 0 2
UP COMING EVENTS
PRESIDENT’S NOTES
SAVE THE DATES
In less than two weeks CMA and Stamford Connecticut will
welcome more than two thousand delegates, speakers,
exhibitors, and honored guests from all over the world for
Shipping 2009. The conference has become CMA’s trademark event and has earned the distinction of North
America’s premier International Shipping and Trade
Conference. I am grateful to our partners at IMS for their
hard work and attention to every detail. Shipping 2009:
Back to Basics offers current and important topics, lively
panel discussions, exhibits, business opportunities and plenty of hospitality over the course of three days. CMA is proud
to have Captain Wei of COSCO as this year’s recipient of the
Commodore Award. It is truly an honor for all of us.
MARCH 2009
CMA Shipping 2009
March 23-25, 2009
Hilton Hotel, Stamford, CT
http://www.shipping2009.com
See Inside for more information
I look forward to seeing you at the conference!
APRIL 2009
Beth Wilson-Jordan
President
Wednesday, April 29, 2009
(note a Wednesday for this one!)
CONTENTS
CMA Annual General Meeting Luncheon
Water’s Edge at Giovanni’s II
President’s Notes
From the Editor
Market Commentary
Membership Notes
CMA Shipping 2009
Program
Networking Opportunities Galore...
2748 Post Road, Darien, CT 06820
Open Bar: 12 Noon, Seating for Lunch: 12:45 pm
Free to CMA Members in good standing
Mixes Market Intelligence with a
Healthy Dose of Operations
Special Seminars & Product Launches
Swashbucklers of the CMA
NAMMA Silent Auction
WISTA Invitation
CMA Education Announcements
CMA Softball 2009
CMA Elections 2009
CMA General Annual Meeting
Calling CMA Golfers
Movie Review
CMA Youth
Global Warming
Postcard From New Orleans
Job Mart
Thursday, April 30, 2009
CMA Spring Golf Outing
Sterling Farms Golf Course
1349 Newfield Avenue, Stamford, CT 06905
See Inside for more information
Reservations are required for all events,
please call Lorraine at +1.203.406.0109 Ext 3717 or
email: [email protected]
1
—page 1
—page 2
—page 4
—page 5
—page 6
—page 7
—page 11
—page 12
—page 13
—page 13
—page 14
—page 15
—page 16
—page 16
—page 16
—page 17
—page 17
—page 18
—page 19
—page 20
—page 21
—page 22
•
CMA INFORMATION
FROM
•
Email:
[email protected]
VICE PRESIDENT
Molly McCafferty
P: (203) 406-3448
F: (203) 965-7850
Email: [email protected]
SECRETARY
Tom Hodgson
P: (203) 326-2830
F: (203) 363-5346
TREASURER
Bob Pascarella
P: (203) 325-9771
F: (203) 323-6266
Email:
[email protected]
Email: [email protected]
The blue ribbon panel experts included Jerry Lichtblau,
analyst at MJLF (tanker brokers), Ian Workman of TransTec Services (bunker brokers), Eddie Poe FFA and freight
broker at Pasternak, Baum (commodity and freight traders),
and Mike Reardon of Imarex which operates markets for
commodities, derivatives and clears trades. The moderator
was Molly McCafferty, CMA’s Vice President and a lawyer
with Clipper Bulk USA.
GOVERNORS & COMMITTEE CHAIRS
MEMBERSHIP
Evan Galanis
P: (203) 356-2000
F: (203) 356-2010
PLANNING & ADMIN
Ian Workman
P: (203) 863-0001
F: (203) 863-0055
Email: [email protected]
Email: [email protected]
SOCIAL
Johnny Kulukundis
P: (203) 550-1720
F: (203) 629-9103
COMMUNICATION
Andrew Carlson
P: (203) 326-2800
F: (203) 326-2894
Email:
[email protected]
Email:
[email protected]
EDUCATION
Margaret Nicks
P: (201) 655-9381
Email:
[email protected]
The presentations were both concise and interesting. Sadly
we did not have as much time for Q&A as the audience
might have liked, but no one was disappointed with the
event. We will have several opportunities to revisit these
issues at our March 23-24-25 Shipping 2009 though.
As a special treat an extra event has been added to
Shipping 2009 for early risers. There will be a Pre-Markets
CHANGE OF ADDRESS
Faith Marr
P: (860) 354-1182
F: (860) 350-3887
Email:
[email protected]
THE CMA HOME PAGE ADDRESS
www.cmaconnect.com
EDITOR
The “Future of Futures” luncheon February 27th drew 124
shipping professionals and students (SUNY Maritime
brought about 30 cadets, undergrad non license and graduate students up from the Bronx ). The FFA Trading
Simulation that followed at the Paradise was also very well
attended.
OFFICERS
PRESIDENT
Beth Wilson-Jordan
P: (203) 609-0803
THE
IS
LETTERS TO THE EDITOR & NEWSLETTER
Donald B. Frost
P: (203) 406-0109 • F: (203) 406-0110
Email: [email protected]
JOB MART: Lorraine Parsons/Cari Koellmer
Email: [email protected]
WEB: Lorraine Parsons
Email: [email protected]
2
Executive Briefing Tuesday morning March 24,2009 on an
alternative way to look at the future of shipping, or anything
else, using “scenarios”. Decision makers can use scenarios
to think about the uncertain aspects of the future that most
the 0915 Markets session so you could bring new thinking
to what you will hear from that august panel.
As some of you may know, I have been privileged to be a
worry them – or to discover the aspects about which they
should be concerned – and to explore ways in which these
might unfold.
small part of the CEMTPP research team and I can guarantee that, after you absorb some new words and concepts, you will not attempt to think about the unknowable
future of shipping or most other pursuits in quite the same
way. If you would like a head start on this thinking I suggest
you Google “Shell Scenarios” and look for the broader discussion of the concept and uses of scenarios – “Scenarios:
An Explorer’s Guide”. Shell Oil has been running exhaustive research into future energy issues every three years.
Google will mention the 2008, 2005 and 2003 studies. Dr.
Bressand was in charge of the 2003 edition. I recommend
that you come to the briefing before you tackle the Shell
studies.
“Marine Transportation 2030” will look at what our industry,
in its largest context, might look like in the year 2030. Lead
by Dr. Albert Bressand, PhD, Executive Director, Center for
Energy, Marine Transportation and Public Policy
(CEMTPP), at Columbia University’s graduate School of
International and Public Affairs (SIPA) - and Ms. Catherine
Distler, Research Scholar at CEMTPP, we will hear about
drivers of change, critical uncertainties and wild cards. The
session, a shortened version of their very well received
presentation at the annual meeting of the Transportation
Research Board (TRB) in Washington January 14th, will
start at 0830 and run about a half hour. We placed it before
Donald Frost
3
ed the world fleet broke the 1 billion deadweight tons (dwt)
mark for the first time to reach 1.04 billion dwt after expanding by an impressive 8.6% for 2007.”
MARKET COMMENTARY
By Donald B. Frost
Here is the good part.
Last month I wrote:
“Bah, humbug!” These might be Scrooge’s opening words
if Dickens was a ship broker today. The more philosophic of
you might quote from the Bible (Job 1:21) “The Lord gave
and the Lord hath taken away”.
“International trade is already a critical component of the
U.S. economy. According to OECD, the trade-to-GDP ratio
(**) for the U.S. increased from about 20.5% in 1990 to over
28% in 2006. The World Bank predicts this ratio will rise to
35% by 2020, showing that trade will become an even
more important component of the U.S. economy. Our data
confirm these estimates. Trade will not only grow in
absolute terms, it will also increase as a share of GDP and
thus a contribution to growth in U.S. jobs and wealth. If current trends continue, import and exports will comprise
almost 55% of GDP by 2018. In other words, trade will grow
twice as fast as the U.S. economy as a whole.”
This month I offer an optimistic look at where bulk markets
are now compared to year’s start, and a brief look at why
we may wish to see a promising future – perhaps more
quickly than the media talking heads speak about the US
economy. I focus on dry cargo because it is manufacturing
and the production of consumer goods that drives the
demand for energy.
So okay, maybe that 55% is a straight line trend of the levels experienced 2002-2007. The trend line from 2008 to
whenever will change the slope and timing of the 02-07
trend, but it is not likely to change the direction. I will not
pretend to predict when global trade, and its cousin, shipping, will come closer to Global Insight’s forecasts, but
there is no question that the global economies are so
closely linked that we in shipping will benefit.
Index
BDI (composite index)
BCI Capes)
BPI (Pananax)
BSI (Supramax)
BHSI (Handysize)
01/02/09
773
1361
540
411
279
03/06/09 % Change
2225
+287.8
2839
+208.6
2230
+413
1688
+410.7
704
+252.3
Then there is the January 7, 2009 study (*) by IHS Global
Insight for the U.S. Maritime Administration which notes the
following:
All of this came to mind as I was watching and listening to
the students at our February luncheon. None of them had
a clue as to what our industry is really all about, its complexity or its career potential. I was further moved by looking at the continuous growth of CMA, and the wide range
of titles and jobs that our members represent.
OECD estimates “total world trade reached almost $3 trillion (in year 2000 U.S. dollars) in 2007. Together with the
flows of finance, information and people, the flows of goods
integrates the world’s economics. Trade in turn is underpinned by a global transportation and communication network.” … “The maritime domain comprises a large portion
of this network, and is crucial to all participants in global
trade, as 90% of imports and exports by volume are at
some point transported by water.”
When we meet at Shipping 2009 you can give me your take
on the world’s economy and shipping. In the meanwhile
keep smiling. It confuses people.
(*) – “An Evaluation of Maritime Policy in Meeting the
Commercial and Security Needs of the United States”
Of course we in the shipping biz know all that, but let me
quote further from the Global Insight report.
(**) – “The trade-to GDP ratio is the sum of imports and
exports relative to GDP. It indicates the extent of a country’s
participation in the world economy, or conversely, the
extent that a country’s economy relies on international
trade.”
“The world shipping fleet has been growing in response to
ever expanding trade. (ed:- alright, this was probably written in mid 2008… but please read on.) The UN
Commission on Trade and Development (UNCTAD) report-
4
Martin Nygate, VP Marketing, Ulysses (UK) Ltd., London,
England
MEMBERSHIP NOTES
Bill Osmer, VP Chartering, Seabulk Tankers, Fort
Lauderdale, FL
We are pleased to welcome the following new members:
Tom Persico, Chartering Mgr., Marvel Shipping USA LLC,
Stamford, CT
Alan Aiken, Regional Manager, Sperry Marine Canada,
Dartmouth, Nova Scotia
Rune Petersen, Sales Mgr., Kongsberg Maritime,
Kongsberg, Norway
Monique Arascunaga, Dir Admin., Marvel Shipping USA
LLC, Stamford, CT
Leigh Phillips, President, Biehl & Co., Houston, TX
Ilker Basaran, graduate student, SUNY Maritime College,
New York
Sia Ratajczak, Bunker Trader, O.W. Bunkers (UK)
Windsor, England
Virve-Kai Bulla, Purchasing Mgr., V Ships USA LLC,
Miami, FL
Lisa Reeves, Delaware Maritime Enterprise Council,
Glenside, PA
John Reed Converse, graduate student SUNY Maritime
College, New York
John Reynolds, Chmn, Maritime Exchange for Delaware
River & Bay, Philadelphia, PA
Robert Edmonds, Lecturer GBATS, SUNY Maritime
College, New York
Holger Ritter, UMC Global GmbH, Hamburg, Germany
Jesper Sander, Mgr., O.W. Bunkers Aalborg, Denmark
Frank Eger, President, Marvel Shipping USA LLC,
Stamford, CT
Karen Saunders, CSL Group, Beverly, MA
Sabine Schuchardt, student, SUNY Maritime College,
Chappaqua, NY
Jakob Fabricius, Bunker Trader, Wrist Worldwide Trading
GmbH, Hamburg, Germany
Saravana Sivasankaran, Director, JB Ugland Shipping
AS, Norway, Oslo, Norway
John Fawcett-Ellis, Gen. Mgr., J B Ugland Singapore Pte.,
Singapore
Georgie Spryridonos, graduate student, SUNY Maritime
College, New York
Annette Garel, Deputy Registrar, Int’l Merchant. Marine
Registry, Belize City, Belize
V. Srinivasan, Chairman, JB Ugland Shipping AS, Norway,
Oslo, Norway
Sevil Guseynova, graduate student, SUNY Maritime
College, New York
Neoptolemos Stellas, graduate student, SUNY Maritime
College, New York
Robin Harmon, VP Prudential Capital Group, Pleasant
View, TN
Douglas Terry, VP, Wood Creek Capital Management,
New Haven, CT
Richard Howley, Partner, Norton Rose LLP (attorneys),
London, England
Keith Hupp, Sales, mcd-maintenance, Kansas City, MO
Harry Theochari, Head of Shipping, Norton Rose, LLP,
London, England
Magnus Karlsen, Director, Norbulk Shipping Company,
Glasgow, Scotland
Lin Yu Ting, Ops Mgr., Cosbulk Shipping, Americas,
Secaucus, NJ
George Los, Research Associate, Charles R. Weber,
Greenwich, CT
Boud Van Rompay, Hydrex LLC, Clearwater, FL
Yong Li Yao, President, Cosbulk Shipping Americas,
Secaucus, NJ
Tim Morris, Dir. Ops., Marvel Shipping USA LLC,
Stamford, CT
Ted Murphey, Kongsberg Maritime Inc., Houston, TX
Hon Hai Zhang, VP Chart. Mgr., Cosbulk Shipping
Americas, Secaucus, NJ
Phil Murphy, President, Phil Murphy, LLC, (consultants),
Candler, NC
One again, welcome aboard!
Alex Newball Archbold, Teaneck, NJ
Evan Galanis
Solomon Nmomah, CEO, Speedclearing & Maritime
Logistics, Apapa, Nigeria
Membership Chair
5
March 23, 24 & 25, 2009
Hilton Stamford Hotel, Stamford, Connecticut
The Connecticut Maritime Association
Back to Basics
Monday, March 23, 2009
Tuesday, March 24, 2009
2:00 pm – SALON A – CONFERENCE CONVENES
8:00 am - 9:00 am – Continental Breakfast in Exhibit Area
Sponsored by:
CMA President’s Welcome & Opening Remarks
•
Society of Maritime Arbitrators, Inc.
8:30 am – SALON A
Beth Wilson-Jordan, President, Connecticut Maritime Association
State of the Industry
Special Pre-Markets Executive Briefing
Moderator
“Marine Transportation 2030” - A look at the future of marine
transportation in the year 2030. What are the drivers of change,
the critical uncertainties and wild cards, that may shape the
future? A stimulating executive briefing and a new frame of reference on the decades ahead
•
Stewart H. Wade, Vice President, External Affairs, ABS
Introduction & Opening Remarks
•
VADM Vivien S. Crea, Vice Commandant, United States Coast Guard
Keynote Welcome Address
•
•
Dr. Albert Bressand, Executive Director, Center for Energy, Marine
Transportation & Public Policy, Columbia University
•
Catherine Distler, Research Scholar, Center for Energy,
Marine Transportation & Public Policy, Columbia University
The Honorable Elijah E. Cummings, (D-MD) - Chair, The House
Sub-Committee on Coast Guard and Maritime Transportation
9:15 am – SALON A
Has Multilateralism failed? And what does that mean for owners?
•
Dr. Peter M. Swift, Managing Director, INTERTANKO
CMA Vice President's Welcome & Opening Remarks
•
Operational Safety, Environmental Pressures and
Social Responsibility in a Challenging Market
•
Capt. Phil M. Davies, Director,
Oil Companies International Marine Forum (OCIMF)
Molly McCafferty, Manager, Claims and Legal Affairs, Clipper Bulk
(USA) Inc. and Vice President, Connecticut Maritime Association
Markets
The World Economy: An executive briefing on the
direction, health and future of the global economy
3:15 pm - 3:45 pm – Afternoon Refreshment Break
Sponsored by:
Moderator
•
Governance: The IACS Class Conundrum – Ensuring Safety while
under attack, by markets, regulators and courts
•
Panelists
Mr. Kong-Gyun Oh, Chairman & CEO, Korean Register of Shipping and
Council Chairman, IACS
Supply-Demand: Global Market Ramifications, Concerns for owners and charterers.
•
Øivind Lorentzen, III, Chairman, Northern Navigation America, Inc.
Philip A. Embiricos, Director, Embiricos Shipbrokers Ltd. and
President, BIMCO
•
Dagfinn Lunde, Member of the Board of Managing Directors,
DVB Bank SE
•
Peter Sandler, Director, Ocean Freight Strategy & Business
Development, Louis Dreyfus Commodities
•
Jack J. Buono, General Manager, Global Marine Transportation
Optimization, ExxonMobil Refining & Supply Co.
10:30 am – Morning Refreshment Break
5:30 pm – Opening Cocktail Reception in Exhibit Area
Sponsored by:
Sponsored by:
7
March 23, 24 & 25, 2009
Hilton Stamford Hotel, Stamford, Connecticut
11:00 am – SALON A – Session Resumes
The world’s maritime “Hot Spots” and what owners and managers need to consider
A granular look at major shipping sectors in the current market: Prospects and Issues. What do a half
dozen owners think will happen in 2009?
•
Recent Acts of Piracy: Safety, Human, Commercial and Settlement
issues of paramount importance to owners, managers, Flag
States, insurers and charterers
Moderator
•
Simon Sole, CEO, Exclusive Analysis Ltd.
•
Michael Drayton, Chairman, The Baltic Exchange
James Gosling, Partner, Holman Fenwick Willan
Risk Management – Steps management must take to protect their
personnel and assets
Panelists
•
Jesper Bo Hansen, President, TORM USA LLC
•
Angela A. Chao, Deputy Chairman, Foremost Group
•
Jack Noonan, President, Chembulk Tankers LLC
•
Craig H. Stevenson, Jr., Chairman & CEO, Diamond S. Management LLC
•
Gary Vogel, CEO, Clipper Bulk (USA) Inc. (invited)
Communications imperatives following an attack: Concerns for
crew, families, media, government and industry
•
Basil G. Mavroleon, Manager, Projects Group, Charles R. Weber
Company, Inc. & Managing Director, WeberSeas (Hellas) S.A.
•
•
Martin Baxendale, Partner, MTI Network
2:15 pm - 5:15 pm – Track B – The Glen
12:30 pm – Luncheon Reception in Exhibit Area
Critical Challenges faced by the entire industry –
Dealing with a Distressed Market.
1:00 pm - 2:00 pm – Luncheon – SALON B
Sponsored by:
Moderator
Keynote Speaker
•
Capt. Pradeep Kale, Vice President, Health, Safety, Environment &
Quality, Teekay Marine Services
•
Brad L. Berman, President, Liberian Registry
Bernard Anne, Managing Director, Marine Division, Bureau Veritas
And Professional Mariner “Plimsoll Awards”
Repossessions: Costs, Risks, and Opportunity – preserving value
The editors of Professional Mariner magazine will present three Samuel Plimsoll
Awards, two for Outstanding Service, one for an individual and one for an organization, who have been instrumental in making the industry safe for mariners.
The third, for Innovation, to recognize a product, service or procedure that significantly improves the well-being of seafarers.
•
Jean Richards, Director, Quantum Shipping Services Ltd.
Progressive Solutions: Facing higher costs of business in an uncertain freight market – Finance, Crew, Maintenance and Repair,
Bunkers, Insurance and Claims: Strategies for securing your future
AFTERNOON BREAKOUT SESSIONS
•
2:15 pm - 5:15 pm – Track A - SALON A
Avoiding Sitting Duck Syndrome:
Defensive strategies for public shipping companies
•
Piracy and War Risks – A Current Intelligence Briefing.
Practical issues for owners and charterers.
R ADI O Z E E L A N D D MP
A MERICAS
Moderator
•
Svein Ringbakken, The Norwegian Shipowners' Mutual War Risks
Insurance Association
Bernard Anne, Managing Director, Marine Division, Bureau Veritas
Advantages in Global Maritime Workouts: A Lawyer's Tale
•
An executive briefing on the threats against international peace
and stability: Terror and Piracy - a clash between Pre-Modern and
Post-Modern societies. Why today?
•
Keith E. Gottfried, Partner, Blank Rome LLP
Maintaining vessel safety in a down market: The technical
demands of lay-up and breakout. Meeting vessel maintenance,
regulatory and survey requirements. What an owner must expect.
Sponsored by:
•
Roberto Giorgi, President, V.Ships and President, InterManager
Jovi Tenev, Partner, Holland & Knight LLP
The five most common excuses for not using e-commerce to
reduce ship operating costs by up to 20% - and why they are
invalid
Professor Christopher Coker, International Relations Department,
The London School of Economics & Political Science
•
8
Paul Ostergaard, CEO, ShipServ Ltd.
March 23, 24 & 25, 2009
Hilton Stamford Hotel, Stamford, Connecticut
3:30 pm - 4:00 pm Afternoon Refreshment Break
Moderator
Sponsored by:
•
4:00 pm - 5:15 pm – Breakout Sessions resume in Salon A
and The Glen
Panelists
Douglas B. Stevenson, Director, Center for Seafarers’ Rights,
Seamen's Church Institute
•
Ole Stene, Managing Director, Aboitiz Jebsen Bulk Transport Corp.,
past President of InterManager and Member of InterManager
Executive Committee
5:30 pm – 7:30 pm – Job Fair in Aspen, Birch & Chestnut
Rooms and Foyer
•
Admiral James A. Watson, Director, Prevention Policy, Marine Safety,
Security & Stewardship, United States Coast Guard, or
The CMA Shipping 2009 Job Fair is a continued new feature of the show, created by the ideas and demands of our members. A forum to benefit both companies looking for qualified employees and prospective job seekers, there will
be table-top displays hosted by companies looking to hire.
•
Admiral Brian M. Salerno, Assistant Commandant for Marine Safety,
Security, United States Coast Guard
•
Rob Lomas, Secretary General, INTERCARGO
•
Alan Gavin, Marine Business Director, Lloyd’s Register
•
John A. Witte, Jr., President, American Salvage Association
•
Clay Maitland, Managing Partner, International Registries, Inc. and
Founding Chairman, NAMEPA
5:30 pm – Cocktail Reception in Exhibit Area
Wednesday, March 25, 2009
8:00 am - 9:00 am – Continental Breakfast in Exhibit Area
Sponsored by:
10:30 am – Morning Refreshment Break
Sponsored by:
9:15 am – SALON A
Sponsored by:
11:00 am – SALON A – Session Resumes
E XC E L L E N C E T H RU I N N OVAT I O N
Industry and Regulators Summit
12:15 pm – Luncheon Reception in Exhibit Area
Members of the U.S. Coast Guard, Class, Managers, and Shipowners, will participate in a wide-ranging discussion of safety, policy, regulatory and environmental rules. The goal, a fuller understanding of the costs, risks and responsibilities that drive all sides in the pursuit of common safety goals and objectives.
Sponsored by:
12:45 pm - 2:00 pm – Luncheon – SALON B
Sponsored by:
Critical Issues:
•
Ensuring safety, quality and the enforcement of regulation in shipping – Is Plimsoll rolling over in his grave?
Keynote Speaker TBA
AFTERNOON BREAKOUT SESSIONS
2:15 pm - 5:15 pm – Track A – SALON A
The latest MARPOL and National Pollutant Discharge Elimination
System (NPDES) program – After three months how is it working?
Are we introducing new rules and regulations the best ways possible?
Legal Session: Current Issues and Developments in
Admiralty Law
Criminal Concerns: Balancing an owners desire to be on scene of
an incident versus the threat of arrest; Detaining seafarers:
Necessary? Cruel and Unusual? Balancing human rights with legal
interests.
Sponsored by:
Co-sponsored by: The Maritime Law Association of the United
States (MLA) & The Admiralty Committee of the Association of the
Bar of the City of New York.
Ballast Water, Emissions, Piracy, Port Security – These and other
issues pit interests against each other and beg the question “who
is the 500 pound gorilla today?” What can a shipowner do?
Moderator
•
Balancing the many costs of security against the threat of attack.
Are port delays, vessel inspections and security regulations
drowning trade?
9
Raymond J. Burke, Jr., Counselor at Law & Partner, Burke & Parsons
March 23, 24 & 25, 2009
Hilton Stamford Hotel, Stamford, Connecticut
What to expect in Environmental Enforcement in the
Obama Administration
•
VOC and innovative Ballast Water Exchange
•
Combining originality of thinking with a real and practical understanding of commercial shipping
Alternative Means of Obtaining Security: Rule B Attachments and
Beyond Rule B, What's Next?
•
•
Discussion: Meeting new challenges with innovative
ideas and technology. Dealing with regulatory, oversight and the approval process. Standards - who sets
them? Are we appropriately promoting innovation?
Collaboration versus anti-trust on behalf of safety and
the environment, do we have it right? Is industry the
right place to incubate its own innovation? Who Pays?
Bruce G. Paulsen, Partner, Seward & Kissel LLP
Defaults under Charter Parties: Rights and remedies around the
world
•
Aurelio Fernández-Concheso, Practice Manager, Clyde & Co LLP
Panelists
Criminalization of Seafarers
•
Colin Whybrow, Head of Communications, Greenwave International Ltd.
Neil A. Quartaro, Associate, Watson, Farley & Williams (New York) LLP
When Market Volatility Overtakes Counterparty Expectations:
Legal Rights and Remedies in FFA Disputes
•
Per Lothe, Director, Knutsen OAS Shipping AS
Barry M. Hartman, Partner, K&L Gates
Colin de la Rue, Partner, Ince & Co.
•
Tor E. Svensen, COO, Det Norske Veritas
•
Peter Hinchliffe, Marine Director, International Chamber of Shipping
•
Frank August, Director, Business Development - Americas, Inmarsat
Cap and Trade: The developing EU architecture and strategies for
progressive owners and managers
3:15 pm - 3:45 pm – Afternoon Refreshment Break
•
Sponsored by:
Nicholas Rock, Partner, Dewey & LeBoeuf LLP
5:15 pm – Conference ends
Places of Refuge
•
Alfred J. Kuffler, Partner, Montgomery, McCracken, Walker & Rhoads, LLP
5:45 pm – Commodore Gala Reception in Exhibit Area
The Maritime Law Association of the United States (“MLA”) has been certified by the New York State
Continuing Legal Education Board as an Accredited Provider of continuing legal education in the State
of New York. The MLA will issue CLE credits to New York attorneys who attend the program. The session should qualify for 3.5 credit hours (based on the NY 50 minute credit hour). Attorneys from states
other than New York may be entitled to CLE credits for attending the program. They must contact their
states’ CLE boards regarding obtaining CLE credits. This program is appropriate for both newly admitted and experienced attorneys.
CLE financial aid assistance is available for attorneys who wish to attend CLE courses sponsored by
the Maritime Law Association of the United States, but who find it difficult to attend due to cost considerations. Details regarding the Maritime Law Association’s financial aid policy and the application
process can be obtained by contacting: Lorraine Parsons by email: [email protected]
Tel: +1.203.406.0109 Ext 3717, Fax: +1.203.406.0110.
Sponsored by:
7:30 pm – Commodore Gala Dinner – Le Grand Jardin
Ballroom
Sponsored by:
Commodore Award presented to the 2009 Commodore
Capt. Wei Jiafu, President & CEO, COSCO Group
2:15 pm - 5:15 pm – Track B – THE GLEN
‘Til Late – Commodore Afterglow – Hotel Lobby
Sponsored by:
Sponsored by:
Thinking outside and inside the environmental box:
Programs and initiatives that contribute to the pursuit
of industry innovation and strategies for enhancing
their future development.
We would also like to thank the following companies
for their special sponsorships at Shipping 2009:
MARITIME
Moderator
•
Knowledge Partner
LNG and CNG: Fuel for the future, challenges to market. Is gas a
feasible alternative to bunkers in the future?
•
NORTHERN
SHIPPING FUNDS
RAdm. Robert C. North, USCG (Ret.), President, North Star Maritime Inc.
Leo Schnellmann, Technical Director, Wärtsilä North America, Inc.
Photos by: Chris Preovolos (www.preovolos.com)
10
When: Tuesday, March 24, 2009 – 5:30pm-7:30pm
CMA SHIPPING 2009 –
Who: Maritime-oriented students, companies, and professionals seeking growth
NETWORKING OPPORTUNITIES GALORE……..
What: A venue for maritime companies to meet, mingle
and discuss with prospective employees ranging from students to experienced professionals in conjunction with a
prestigious international industry event.
One of the great things about CMA Shipping 2009, March
23-25, 2009 at The Hilton Stamford Hotel is the abundance
of networking opportunities and a profusion of social activities, over and beyond the conference and exposition.
Companies: ABS, BI Norwegian School of Management,
Faststream Recruitment, Heidenreich Innovations, Pride
International, Roymar Ship Management, Seaworthy
Systems, SUNY Maritime College, TBS Shipping,
TradeWinds Jobs, United States Coast Guard Recruiting
Command and Vane Line Bunkering (so far!)
To help you make the very most of your time visiting CMA
Shipping 2009 if you are already registered; or if you have
not yet signed up as a conference delegate as only have
time to attend a cocktail reception here and there, here is a
list of events taking place, to which all are invited and which
can only help to enhance your trip:
We anticipate a couple of hundred undergraduate and
graduate students drawn largely from tri-state area and
New England maritime academies, in addition to a contingent of the thousands of industry professionals in attendance at Shipping 2009 that wish to explore opportunities
for personal growth.
Monday, March 23-Wednesday, March 25, 2009
Exhibit Visits - complimentary at the following times
Monday – 10:00am-5:00pm
Tuesday – 10:00am-7:30pm (CMA Job Fair takes place
5:30pm-7:30pm)
Wednesday – 10:00am-5:00pm
Light refreshments will also be available.
Typically schools hold job fairs to try to draw prospective
hirers into meeting students preparing to graduate. By
holding the fair in conjunction with Shipping 2009, the CMA
seeks to reverse that, inviting students to the venue where
the hirers are congregating.
For a VIP Pass to visit the exhibits and to pre-register for a
name badge, simply e-mail us at
[email protected]
Monday, March 23, 2009
Registration for students is FREE. But an RSVP is a must!
Please contact Lorraine Parsons at +1.203.406.0109, ext.
3717 or by email at [email protected].
If you are at Shipping 2009 please feel free to stop by the
event during Tuesday’s cocktail reception. For companies
looking to hire, the cost of a table-top display at the Job Fair
is $500.
WISTA USA Luncheon
Women's International Shipping & Trading Association
(WISTA NY/NJ/CT chapter), Shipping 2009 Luncheon.
12:00pm-1:45pm - Hilton Stamford Hotel, featuring VADM
Vivien Crea, United States Coast Guard. All are welcome to
attend. See the invite on page 15 for more.
CMA Shipping 2009 Opening Cocktail Reception –
5:30pm-7:30pm - $25 for members, $35 for non-members
– Call Lorraine at +1.203.406.0109 Ext 3717, e-mail us or
sign up at the venue for this.
Wednesday, March 25, 2009
CMA Shipping 2009 Gala Cocktail Reception – 5:45pm7:30pm - $75 for members, $85 for non-members – Call
Lorraine at +1.203.406.0109 Ext 3717, e-mail us or sign up
at the venue for this.
Tuesday, March 24, 2009
The Fourth Annual CMA Shipping Job Fair
We look forward to seeing you at one or all of these auxiliary events and, of course, at CMA Shipping 2009.
Where: Hilton Stamford Hotel, First Stamford Place,
Stamford, Connecticut
THE ASPEN Room & Foyer
Lorraine Parsons
Event Director, CMA
11
market values, charter practices and trade have all been
explored, and always with those most deeply involved.
SHIPPING 2009
MIXES MARKET INTELLIGENCE WITH
HEALTHY DOSE OF OPERATIONS
For 2009 it is no different, whether it is an opening address
by Congressman Elijah Cummings, who heads the important maritime transportation committee in Congress, or the
panel of commercial expertise led by Øivind Lorentzen of
Northern Shipping Funds which includes DVB’s Dagfinn
Lunde, Louis Dreyfus and Exxon Mobil, or the panel on
Piracy which continues to bedevil commercial shipping
lanes and threaten seafarers, or the session on regulations, or emissions, or workouts…
A
From Market Insights to Piracy to Emissions
Regulations
More than 2,000 guests will walk the halls and seminar
spaces at the Connecticut Maritime Association Shipping
2009 event March 23, 24 and 25 at the Hilton Hotel in
Stamford, Connecticut. The show is one enormous marketplace, where principals, regulators, products and services gather under one roof for business, information and networking.
Please take just a moment to look at the entire conference
program at http://www.shipping2009.com
The point is of course to provide intelligence of value, able
to be acted upon for business development or the future
safety and fortunes of the industry.
Whether it is the low cost of Stamford compared to other
major shipping centers around the world, or the densely
packed commercial community in and around Stamford
and the opportunity to conduct real business that has
added to the attendance this year, there is no doubt that
activity is up throughout the week.
Networking
Of course perhaps the most important signature element of
the program is the networking, a facet of the days in
Stamford we take extremely seriously. This year even more
so while we gather as an industry to roll up our sleeves and
map out profits and projects for the next quarter. So there
are receptions, dinners, breaks throughout the day and
enhancing the entire experience is the fact that it all takes
place under one roof, meaning one can go from exhibit to
exhibit, to special seminar session to the buzzing lobby all
in pursuit of value and opportunity.
Owners and operators of 5,000 ships will be in attendance,
three Admirals from the USCG will be with us, one
Congressman for sure and maybe more…and for the more
commercially minded, charterers, bankers, managers, brokers in droves all together to conduct business.
The Exhibits
More exhibitors have joined the ranks swelling the amount
of goods and services that can be seen in just one day.
Flag Administrations, P&I Clubs, shipmanagers, salvors,
class societies, software solutions, shipyards, unions and
more provide a serious foundation for completing old and
exploring new opportunities.
Because the entire event is put on by industry for industry
every thing that can be done to make your stay more valuable can and will, be done for you.
Job Fair
Now into its fourth year the annual Job Fair provides a beacon of hope this year to go along with its dynamic window
onto the industry, which has been its hallmark previously.
Eleven companies will be present to discuss careers in
shipping and if you have a resume come along on Tuesday
evening at 5:30. See why those of us in the business love
the business.
What is more this year, companies have reserved meeting
space on the exhibit floor to produce their own seminars
ensuring that the full value of their ideas are shared with
visitors. A complete schedule of those special sessions
accompanies this article. In a tight market it demonstrates
the thought and effort being put into maximizing the show
for all concerned.
The Commodore
The event winds up each year with the Commodore Award,
given now 19 years to leaders of the international shipping
industry. This year the Award will be given to Captain Wei
Jaifu, CEO of giant COSCO. Perhaps as the world struggles to regain the confidence that is so important to the
The Conference Sessions
The CMA is exceedingly fortunate to attract leading
thinkers and commercial practitioners to participate in its
conference sessions. Over the years trends have been
called, issues as significant as labor, pollution prevention,
12
health and welfare of its citizens that confidence that propels and was itself propelled by trade, it is only fitting that
an ambassador of China’s economy be feted. The planning
leading up to that dinner promises an extraordinary night.
11:00 am: Radio Zeeland DMP Americas – Is Piracy on
Your Horizon?
12:00 pm: Fleetweather – An Introduction to Modern Ship
Routing, Forecasting and Performance Monitoring
The CMA Board is proud of the event and committed to the
health and development of the Connecticut Maritime community. But it is no less committed to the health and prosperity of the entire global industry, to its people, businesses and the safety of ships that trade around the globe and
seas on which they sail.
1:00 pm: LQM Petroleum Services – Bunker
Procurement Strategies – Software Tools
2:00 pm: Veson Nautical Corporation
3:00 pm: BELCO Technologies Corp. – Seawater
Scrubbing Systems and MARPOL/ IMO Cargo Matching
If you have not attended in the past, we can only encourage you to take the train, plane or automobile to Stamford
in two weeks. Bring lots of business cards, a strong pair of
legs and a copious appetite for business.
4:00 pm: Hempel (USA) Inc. – Silicone Foul Release
Coatings – The Real Truth-Influence on hull skin friction,
fuel consumption & CO2 Emission
SPECIAL SEMINARS &
PRODUCT LAUNCHES AT
5:00 pm: Hyde Marine
Wednesday, March 25, 2009
CMA SHIPPING 2009
10:00 am: WeatherFlow
During Shipping 2009 we will offer a series of Seminars
and Product Launches in The Alder Room, within the
exhibit floor. A complete daily schedule of seminars will be
available each day at the show. If you are visiting the
Exhibits, you are welcome to attend any of these special
presentations during your visit.
11:00 am: BELCO Technologies Corp. – Seawater
Scrubbing Systems and MARPOL/IMO Compliance
12:00 pm: Hyde Marine
2:00 pm: Stratos – Stratos Advantage to Fleetbroadband
The following companies are confirmed to make presentations, with more details where available at this time:
3:00 pm: American Technology Corporation – Anti Piracy
Tool – Long Range Acoustic Device (LRAD)
Monday, March 23, 2009
4:00 pm: ZeeBORN GmbH
2:00 pm: HP Terra-Marine International, LLC/ Hollowpoint
5:00 pm: Alaris Companies, LLC
3:00 pm: Marlink – Marlink VSAT: Cost Certainty and
Unlimited Access
SWASHBUCKLERS
THE CMA
4:00 pm: Radio Zeeland DMP Americas – Is Piracy on
Your Horizon?
OF
All CMA Members and show attendees are welcome to join
a Tuesday evening "Swashbucklers of the CMA" party
being hosted by Wilhelmsen Ships Services, Faststream
Recruitment and Seacor/Seabulk.
5:00 pm: Seamobile
Tuesday, March 24, 2009
When: Tuesday, March 24 - 7:30 pm 'til late
10:00 am: KVH Industries, Inc. – Empowering Your
Vessels with Broadband
Where: Paradise Bar & Grille at Stamford Landing
78 Southfield Avenue, Stamford
13
NORTH AMERICAN MARITME MINISTRY ASSOCIATION
(NAMMA) SILENT AUCTION
The North American Maritime Ministry Association
(NAMMA) is an alliance of over 150 nonprofit, faith-based
individuals and agencies that assist seafarers in the United
States, Canada, Mexico and the Caribbean. Founded in
1932, it facilitates pastoral care of seafarers coping with
spiritual, physical and legal challenges in the conduct of
their jobs in the maritime field. More recently, it has supported seafarers during their waiting times for environmental crimes issues, and worked closely with their ports to
facilitate the implementation of TWIC.
NAMMA will be holding its Fourth Annual Silent Art Auction
during CMA Shipping 2009. This year’s auction features a
variety of well-known maritime artists including Carl Evers,
Gerald Levey, Carleton F. McCutcheon, Richard Moore,
Joseph Wilhelm and more. Proceeds raised through this
auction will go towards NAMMA’s support of port chaplains
and their ministry to our seafarers.
Please stop by the Charter Oak Boardroom to view these
amazing works, and place your bids!!
Background on J. Russell Jinishian Gallery
The J. Russell Jinishian Gallery specializes in fine
Contemporary and Antique Marine and Sporting Art from
Europe and America. J. Russell Jinishian, Director, is recognized as the nation's leading authority on contemporary
marine art. Mr. Jinishian is the former Director of the
Maritime Gallery at Mystic Seaport Museum. Through close
contacts with the world's top marine artists developed over
the past 15 years, the J. Russell Jinishian Gallery is proud
to be able to offer discriminating collectors unparalleled
access to the very best marine and sporting art available in
the market at any time. On hand is an extensive inventory
of over 250 paintings, drawings, scrimshaw, and ship models in a wide variety of subjects, styles and price ranges.
The Gallery offers changing exhibitions and opportunities to
meet the artists through lecture programs.
NAMMA wishes to thank the J. Russell Jinishian Gallery for
their generous support of this auction. Every dollar raised
is meaningful and we appreciate your enthusiasm for the
art works and generosity in the auction. Please enjoy the
show and thank you.
14
CMA EDUCATION
ANNOUNCEMENTS
By:
Margaret
Nicks,
[email protected]
Director
of
CMA ELECTIONS 2009
Education,
Interns & Host Companies
CMAs annual job fair will take place Tuesday, March 24 at
5:30 to 7:30 pm at the CMA Conference. Show up and support the maritime students and job hunters. More information can be found at http://www.cmaconnect.com/education.html. Students - don’t forget your resume.
In addition, I have collected resumes from students who
are looking for internships. Any companies seeking part
time help in the guise of interns at any time of the year
(mostly during the summer) please contact me.
Scholarships
CMA is looking for members who are interested in representing CMA at the various academies’ graduation ceremonies. This year we are giving multiple scholarships to
students. The dates are as follows:
• Maine Maritime Academy – May 2, 2009
• New York Maritime (SUNY) – May 8, 2009
• Massachusetts Maritime Academy – June 6, 2009
• United States Merchant Marine Academy – June 22,
2009
If you are interested in attending and presenting, please
contact Maggie at [email protected].
CMA SOFTBALL 2009
Spring is around the corner and it's time to get the bats and
gloves out of the closet. I am referring to CMA softball. We
are now entering our 25th glorious season. In 2008 the
games started in mid May and went through the end
August. So far this year we have at least one new team and
I invite any other companies which wish to join the fun and
comradery to contact me for further information. Keep in
mind that although most teams are sponsored and manned
by single companies, you could consider a joint venture
among several companies to share costs and create a larger player pool.
A nominating committee has been formed according to the
By Laws as announced last month. The Chairman of that
committee, Evan Galanis (also our Membership Chair),
advises that the following positions are to be voted upon at
the Annual General Meeting (AGM) Wednesday, April 29,
2009.
Vice President; Secretary; Communications; Education
Chairs.
The committee offers the following slate (all are incumbents moved from other positions on the Board of
Governors):
VP – Molly McCafferty, attorney at Clipping Bulk USA
Secretary – Tom Hodgson, tanker broker at MJLF
Communications Chair – Andrew Carlson, tanker broker
at MJLF
Education Chair – Margaret Nicks, Client Relations, ABS
Americas
For good order the By-Laws also allow for nominations by
members before the election and even from the floor at the
time of the election.
Section 4.d. – “Nominations by members are to be submitted in accordance with the following procedure. After notice
of the AGM, any four members may jointly make further
nominations in writing to the President. The President shall
determine before the Annual Meeting whether such nominees are willing to serve if elected.”
SECTION 4.e. – “Nominations may be made from the floor
at the Annual General Meeting, provided that the candidate
is seconded by two other voting members present, and further, the individual nominated states a willingness to serve
if elected.”
We hope to see you all at the AGM – There is no charge for
paid up members.
Chris Towne, CMA softball commissioner
email: [email protected]
phone 203 840 7444, cell 293 434 2871
16
CMA ANNUAL GENERAL
MEETING 2009
If you don’t play golf, stop by for dinner and cocktails in the
tent after work – the cost for the Dinner only is $50 per person.
The 2009 CMA Annual General Meeting and Luncheon will
take place on Wednesday, April 29th (note it’s a
Wednesday for this one!) at Water’s Edge at Giovanni’s II in
Darien. The luncheon is free to CMA Members in good
standing, but reservations are required. Please call
Lorraine at +1.203.406.0109 Ext 3717 or email: [email protected] to reserve.
Each foursome must have at least one CMA Member in
good standing. We also
accept individual reservations and we will team up individuals for play.
Please make checks payable to "CMA" and send to:
Lorraine Parsons
Event Director
Connecticut Maritime Association
One Stamford Landing, Suite 214
62 Southfield Avenue
Stamford, CT 06902
CALLING CMA GOLFERS –
ANNOUNCING THE
CMA SPRING GOLF OUTING…..
Call Lorraine at: +1.203.406.0109 Ext 3717 if any questions at all or if you prefer to pay with a credit card (Visa,
MasterCard or American Express).
Thursday afternoon, April 30, 2009
Sterling Farms Golf Course
1349 Newfield Avenue
Stamford, CT 06905
Website: http://www.sterlingfarmsgc.com
SPONSORSHIP OPPORTUNITIES……
A great deal of our past success can be attributed to the
generous "Hole Sponsorship" of our members. It provides
for the great prizes that are presented at the dinner, which
are numerous and always so popular.
Registration/Lunch commences at Noon
Shotgun start at approx 1:30 PM
Dinner in the tent directly following the afternoon of golf at
around 6:00 PM until late.
So come on and sponsor a hole at this year's outing. You
will receive a custom-made hole sign, huge praises at the
dinner, an acknowledgement in our newsletter, and of
course, the great appreciation of all the golfers and the
CMA Board of Directors. Hole sponsorships are priced at
$250 each, and again make checks payable to "CMA" and
send to our address noted above or call for credit card payments.
We will stay with our latest format which is the “Simple
Scramble” format. This means it is now in essence a
team event, but be assured that, as always, we will have
plenty of prizes to give out at the end of the day.
Johnny Kulukundis will once again sponsor the beverage
cart – thank you Johnny!
The First Place Team will be presented with the “Graydon
Michael Webster Cup”, which currently resides with Paul
Slater of First International/Griffin Holdings in Florida. Paul
has already asked about the date for the 2009 outing so the
defense and the challenge is on!!
We hope that you will join us on April 30 for another great
afternoon of golf.
Best wishes,
To participate in this year’s Spring Golf Outing, the cost is
$175 per person (holding steady for the past six years!)
and includes green fees, golf carts, lunch, dinner, open bar
and, of course, lots of great prizes.
Lorraine Parsons
CMA Event Director
The outing is always full, so please register early by calling
to reserve your place and then sending your checks in
ASAP to secure your spot.
17
husband, bring this evocative period piece to life. While
David Insley's camera work and Vincent Peranio's production design lend the film a sense of intimacy as well as
gravitas, it is the family drama, political intrigue and adolescent schoolyard brawls that draw us in, as the characters inexorably converge and struggle to prevent (or
ensure) JFK's assassination.
MOVIE REVIEW
By James R. Lawrence
“An American Affair”
Shipowner's Son Makes Hollywood Debut as Director of
Dramatic Success
William and his family and friends from Stena hosted a post
screening party at the trendy Gramercy Park Hotel where
the young director received congratulations. Even more
fun was how open and enthusiastic William was talking
about his film, while across the room his father and mother
beamed with pride. Whether it was the casting, the favorite
shots, or the ones left on the cutting room floor, William was
open and all smiles while fielding questions. The film was
the product of 3 years of hard work but, interestingly, the
filming and editing portions took just just 28 days and 5
months respectively. The business end of raising funds
and securing a distribution network for a first film took the
rest of the time.
William Sten Olsson's first full length motion picture
opened in New York City and across the country this past
week. Stylishly directed by the young son of Stena's Dan
Sten Olsson, “An American Affair” is a marvelously entertaining and beautifully filmed drama which weaves a touching story of young love within the high tension world of
Washington DC during the Cuban missile crisis. The lovely
Gretchen Mol, who plays Catherine Caswell, the
President's love interest and the object of a 13 year old's
deep infatuation, is nothing short of wonderful. Her complex character grabs you the moment you first lay eyes on
her luminous face, and she doesn't let go.
The film opened last week in Washington DC, Boston and
New York before opening across country, and was widely
reviewed in the New York Times, Daily News, Post and New
York Magazine
Memorable performances by James Rebhorn as the wily
CIA agent, Cameron Bright as the besotted young boy
caught up in an intrigue way beyond his ken, Noah Wyle
and Perrey Reeves, as his uptight and inscrutable journalist parents, and Mark Pellegrino as Catherine's tortured ex-
The film was a great pleasure and we urge you to see it.
18
ment and strengthen their connections with other members. “YSPNY developed because I wanted to introduce
friends that were shipping bankers to other friends that
were ship brokers and the list of contacts that wanted to get
in on the fun just kept growing, so we recognized a group,
one that has now grown close to 200 people.” One of
Sofia’s goals is to link her organization with the highly experienced professionals with whom she deals with every day.
To do that there is no age limit to attend YSPNY events.
CMA YOUTH
By: Len Faucher & Margaret Nicks
We are introducing a new monthly feature to the CMA
Newsletter entitled Young Shipping Professionals (YSP).
The intent is to highlight young individuals and introduce
them to the CMA community. It is fitting that we kickoff with
a young lady currently working toward developing a social
network for young professionals within the shipping industry.
Sofia is very positive about the future of the industry and
the opportunities for younger people. “The truth is we live in
interesting times and although they’re unfortunate we
should all learn from these remarkable news stories. There
is a Greek saying my father used to say which loosely
translates to ‘The good captain is identifiable in the storm’
meaning that now is the time to really look and learn from
the people surviving and the innovative restructuring
strategies they’re creating. There is a place for everyone.”
Sofia Vassilakis has lived the shipping life from a young
age. Her father is a Captain who works as a ship agent.
“There were some Christmas dinners that were interrupted
by phone calls and my father needing to leave. I just got
used to it.” Sofia understood the demanding schedules of
the maritime profession. But she also saw the great opportunities in the shipping world.
Please join us in wishing the best of luck to Sofia and welcoming the YSPNY community within CMA.
Following her graduation from Marist, she decided to follow
in her father’s footsteps and pursue a maritime-related
finance career. She headed to London to attend City
University’s Cass Business School where she received her
Master’s in Shipping, Trade, and Finance. During that time
she spent time onboard an Aframax tanker trading
between Houston and Venezuela, sponsored by her
father’s employer Tsakos Shipping, which she considers as
one of her most useful learning experiences.
Sofia has been working for Marine Money as a
Marketing/Sales Associate for two years. Other than her
father, Sofia credits several people as mentors, including
her business school Professor Costas Th. Grammenos,
and her current boss Jim Lawrence. “Jim works with people as part of a community toward a larger effort to better
the industry without a specific personal benefit in mind. He
is accomplished and truly good-natured at the same time
and I admire that.”
Sofia Vassilakis & Beth Wilson-Jordan supporting the CMA Regatta
Name: Sofia Vassilakis
Company: Marine Money
Favorite Movie: Old School
Favorite Inspirational Business Book:
The Invisible Billionaire
Favorite Book: Devil in the White City
Favorite Quote: “Slow and steady wins the race” and
"Loose Lips Sink Ships"
Hobby: I believe socializing best describes my hobbies.
One line about me: http://twitter.com/SofiaVassilakis
Sofia lived in Stamford for a while, but recently moved into
Manhattan. As many young individuals living in the city,
she enjoys an active social life and has taken that to a new
level for the maritime industry. She is President and
founder of the new organization Young Shipping
Professionals of New York. YSPNY aims to promote and
increase interaction among young professionals within the
shipping industry and provide a forum for members to
develop their industry knowledge, foster career develop-
19
GLOBAL WARMING –
JAPANESE SCIENTISTS DIFFER WITH
UN OVER CAUSES
By Don Frost
In a February 25th news release Japan’s Society of Energy
and Resources (JESR) disagrees with the UN’s
Intergovernment Panel on Climate Change’s (IPCC) view
that the recent global warming is primarily the consequence of man-made industrial emissions of greenhouse
gases.
JESR is the academic society representing scientists from
the energy and resource fields, and acts as a government
advisory panel. The report appeared in January but
received little attention. The Register commissioned a
translation which is the basis for this news release.
Three of five leading scientists contend that recent climate
change is driven by natural cycles, not human industrial
activity, as political activists argue. Kanya Kusano, Program
Director and Group Leader for the Earth Simulators at the
Japan Agency for Marine-Earth Science & Technology
(JAMSTEC) focuses on the immaturity of simulation work
cited to support the theory of anthropogenic climate
change. Kusano concludes:
“(The IPCC;s) conclusion that from now on atmospheric
temperatures are likely to show a continuous , monotonous
increase, should not be perceived as an unprovable
hypothesis.”
Here are few quotes from Shunichi Akasofu, head of the
International Arctic Research center in Alaska.
“We should be cautious, IPCC’s theory that atmospheric
temperature rise in correspence with CO2 is nothing but a
hypothesis”
20
“Before anyone noticed, this hypothesis has been substituted for truth. … The opinion that great disaster will really
happen must be broken.”
The Conference was well attended. Most of the attendees
were from barge lines, terminal operators, surveyors,
agents and a few ship owners. However there was a very
good turn out by coal, fertilizer, steel and industrial miner-
Remarkably, the usual subtle and nuanced language typical of such reports has been set aside and contains some
undiplomatic language about why this agency disagrees
with the IPCC. We recommend you, the reader, investigate
further because the out come of this debate will influence
the future of our industry, as well as many others.
als shippers. All of the speakers were great. They included
a former CMA speaker, Ms. Justine Fisher of Goldman
Sachs, and some interesting trade forecasters and economists.
My panel moderator was Philip Syrrist of Skaarup
Chartering Group of Stamford, CT and a former colleague.
The last speaker (I was the first) asked that the audience
save questions for after all three speakers had presented,
As lunch followed, there was only one question for me.
“When will the banks get out of shipping markets?”
Seemingly that was a theme I heard in the Q&A at the
“Future of Futures” at CMA’s luncheon February 26, 2009.
POSTCARD FROM
NEW ORLEANS
By Don Frost
New Orleans is slowly rebuilding. There were lots of
tourists in for the weekend preceding Lent. It was more
alive than last year at this time but you can still feel the
latent effects of KATRINA beyond the obvious devastation
The 27th Annual Mississippi Valley Trade and Transport
Council’s pre-Mardi Gras conference took place in New
Orleans Feb 18-20, 2009. One of the panels covered
Ocean Freight, Barging and Rail Roads. Yours truly delivered the Ocean Freight perspective with a paper on how
the freight markets of 2004-2008 came about. In rapid succession I introduced the major changes that lead to this
period of historically high freight by “connecting the dots”
representing the subtle, and many not so subtle, changes
in how the shipping markets evolved in the last decade.
still visible in places. However, the Big Easy is still a great
place to visit.
My trip to New Orleans and my papers in NY and in
Mumbai (delivered by fellow CMA and SNAME member,
Naresh Maniar) were just part of the continuing effort by
CMA to reach out to other professional organizations. The
effort must be working because we continue to attract new
members from the Gulf and I was very pleased to hear
people in New Orleans recommending our March
Conference to their colleagues who did not know CMA as
THE event that they should attend each year. Shipping
people in India are already one of the most frequent readers of our Newsletter on the Internet.
The obvious changes like increased volume of trade, public vs. private ownership, FFAs, were connected with the
less obvious appearance of new or virtual players that
altered the traditional profile of “charterer” and even
“owner”. The paper was an update of a paper I presented
at the April 08 meeting of the Metro NY combined engineering societies and the one that I authored for the World
Marine Technology Conference (WMTC 2009) in Mumbai
January 2009. You can find the original paper in SNAME’s
Marine Technology of July 2008 and WMTC2009 will publish the updated paper.
I am indebted to the Mississippi Valley Trade and Transport
Council’s and staff, Becky Cole and Linda Kelly, as well as
Gilbert Wright of Maritime and Commodity Services for
their hospitality. Please accept my thanks and I hope to join
you again Feb 10-12, 2010.
21
Wanted: Host Companies
JOB MART
Interns are looking for positions.
If interested in reviewing RESUMES,
Please contact Margaret Nicks
([email protected])
The CMA Job Mart is designed to match qualified candidates with good positions. Over the years, this service
has proven to be extremely valuable to both job seekers
and potential employers. Ads seeking to fill positions will
run for two months at a rate of $200.
Candidates seeking employment must be a
CMA member at a rate of $50 per year or
$25 per year for students.
•
Maximize earnings through effective utilization/positioning/routing/portfolio mix
•
Develop and strengthen professional rapport/relationship with
traders/charterers/brokers
• Forecast market conditions, negotiate for best terms, rates and effectively conclude cargo fixtures
To become part of the Job Mart please call
(203) 406-0109 or
email: [email protected]
The latest Job Mart is always accessible on the
CMA website at: http://www.cmaconnect.com
•
Manage commercial risks to minimize exposure to financial defaults,
arrests, cancellation of fixture, etc by undertaking prudent risk profiling
of customers.
• Manage trade risks arising from political/economic/ general instability,
weather and natural disasters through alternate trading contingencies
HELP WANTED
•
NOTE: two months of running your ad in this newsletter costs companies
Explore new business opportunities i.e. new trading areas or expand
the existing customer base/business
only $200 - and it has proven to be THE place to be seen and answered.
•
Deliver timely strategic advice on cargoes, shipping patterns, vessels’
specification, which facilitates effective matching of available cargoes
Position D: Assistant Crewing Manager
to tonnage.
Based in Scarsdale, NY, Roymar Ship Management Inc., a world-class
•
ship management company that manages an internationally trading fleet
Manage, Assess, and act upon intelligence of the latest market/industry developments.
of multi-purpose general cargo vessels and bulk carriers, totaling 47 ves-
•
sels, is seeking an Assistant Crewing Manager.
Keep pace with trade regulatory developments and global changes
(political and economical).
The candidate should be an experienced professional to assist in the
•
supervision of crewing activities. Qualified candidates are required to pos-
Recruit, motivate, mentor, and train department staff to ensure they
achieve high productivity in meeting department goals and objectives.
sess strong organizational/interpersonal skills and computer literacy. This
Preferred Skills and Experience
position involves assisting, coordinating & contributing to crewing/ship
Senior Chartering Experience with Crude, Chemical, Gas, or Clean.
security tasks with full potential of personal development. Previous crew
Knowledge of Lightering Operations
management, engine officer (minimum 2nd Engineer) or Deck Officer
Strong Business Development Experience.
(minimum Chief Mate) experience is preferred.
Team Player with the ability to manage charterers, brokers, etc...
Roymar offers a great work environment, an excellent benefits package
Ability to deliver result and KPI's in a tough economic client.
and growth opportunities.
Proven leader with strong management skills.
Company: Roymar Ship Management Inc.
Compensation US$150k+, excellent benefits, strong bonus opportunity
Fax: (914) 793-2519
Contact: Jack Mylott
E-Mail: [email protected]
Company: Faststream
Notes: Please send resume including the heading ASSISTANT CREW-
Telephone: 954 357 9960
ING MANAGER on all transmissions.
E-Mail: [email protected]
(HW03-09)
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Website: www.themeetinghouse.us
(HW03-09)
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Position E: Senior Vice President - Chartering (Commercial)
Location: USA or Europe
Position F: Commercial Maritime Consultant
Job Description
ShipNet, the leading supplier of integrated software to the maritime indus-
•
Strategic development of short, medium, long term chartering strate-
try is looking for an experienced consultant in our Norwalk, CT office.
gies
Daily tasks would include;
22
Installation,
* Demonstrates analytical problem solving, time/project management,
Training,
and decision making skills.
Configuration,
* Computer literate.
Consulting,
* Exceptional verbal and written communications in the English lan-
Troubleshooting and documenting processes.
guage.
ShipNet offers a competitive package including four weeks’ vacation, med-
* Administer budgeting requirements.
ical, 401k.
* Familiarity with ISM/ISPS regulations.
Requirements
Company: Roymar Ship Management Inc.
The ideal candidate will;
Fax: (914) 793-2519
1.) Have good Maritime knowledge and worked in the operations or char-
E-Mail: [email protected]
tering department of a shipping company for at least 3 years.
Please send resume and include the heading PE on all transmissions.
2.) Have seagoing experience as an officer on a commercial vessel.
(HW02-09)
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
3.) Good communication skills and be able to deal with all levels of our
client base from Owners/CEO’s to end users of the systems.
Position H: Sales Agents in N.A., EU and Asia
4.) A high level of application competence such as working in access and
Propulsion Dynamics is an outsource provider for state-of-the-art vessel
advanced excel tasks.
performance analysis. Our 'CASPER' Service is in use on hundreds of
5.) Be a team player as well as the ability to have sole responsibility for a
ocean going vessels (tankers, bulkers, containerships, ro-ros) in more
project and take it through to completion.
than 15 countries since 2003. Applications for the CASPER Service range
Company: ShipNet
from 10,000dwt to 300,000dwt and fleets of 2 to 100 vessels, primarily
E-Mail: [email protected]
Please send resume
among shipowners and shipmanagers.
(HW02-09)
The main applications of our services are as follows:
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
For Owner/Operator; Evaluating Total Ownership Cost for investments
Position G: Port Engineer
made in drydock - establish comparisons between pre-treatment of hull,
Based in lower Westchester, NY, Roymar Ship Management Inc. is a
final coating selection and optimal intervals for hull and / or propeller
world-class ship management company that provides an experienced
cleanings in service. Establish a tangible fleet-wide CO2 index for green
technical management staff and a full range of vessel maintenance capa-
initiatives. For Chartered-out vessels; Actualizing highest charter rate pos-
bilities. Roymar maintains a diverse fleet of multi-purpose tweendeckers
sible, based on true performance as well as projected speed losses over
and bulk carriers totaling 47 ships. We are currently seeking an experi-
time due to hull/propeller condition and defined weather allowances. For
enced marine engineer for the position of Port Engineer. This position is
Chartered-in vessels: Measuring propulsion condition of various char-
responsible for the operation and supervision of assigned vessels with a
tered-in vessels and documenting fuel (propulsion) efficiency of various
focus on assuring continued performance of all onboard equipment and
vessels under different ownership. Determining true performance losses
systems. Candidates must have substantial engineering expertise in plan-
(for long term chartered vessels) due to port stays and losses due to
ning and executing maintenance, repairs, survey and certificate require-
weather versus hull condition.
ments, dry docking and conversion or modification of assigned vessels.
Other general uses of the CASPER service include: fuel conservation,
This position is accountable for monitoring vessel performance trends,
slow-steaming analysis and condition based maintenance strategies of
compliance with Company policy, and inspections/surveys with Class
hulls and propellers.
Societies. Visiting the vessels on regular intervals and reporting on gen-
Requirements:
eral conditions, repairs and maintenance, crew performance, safety, and
Degree in Naval Archicture or equivalent with 5 years minimum experi-
environmental protection are to be expected. Qualified candidates must
ence in vessel performance activities.
have at least 5 years experience as a Port Engineer or equivalent. We
Candidates will reside in their corresponding region of NA, EU or Asia and
offer excellent salary, benefits, and bonus.
sell the ongoing CASPER service to shipowners and shipmanagers.
Some additional qualifications and essential skills include:
Prefer a sales agent or agency firm active for past 5 years with other mar-
* Valid Marine Chief Engineer’s License (Motor) or equivalent or a
itime suppliers in sales of propulsion related products/services directly to
Degree in Marine Engineering required.
senior technical and commercial staff.
* Willingness to travel extensively internationally.
Salary:
* Thorough experience with dry dock management.
This is a commission-only position, therefore, ideal for sales agents, currently selling other technical products and services within an established
23
region in NA, EU or Asia.
Position J: Shipping Accountant
Contact: Mr. Daniel Kane
Bulk Fleet Owner/Operator NE USA
Telephone: (562) 495-9027
E-Mail: [email protected]
Our client is a recognized leader in specific dry-bulk commodities particu(HW02-09)
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
larly metals, raw materials for steel production, scrap, and foodstuffs such
as wheat and grains. They own, operate or charter in up to 30 vessels at a
given time, mostly Handysize bulkers up to Panamax. These vessels trade
Position I: Chief Commercial Officer - USA
Provide senior leadership developing and managing commercial activities
for bulk liquid transport operations. Provide strategic direction and manage earnings through prudent contracting, chartering, and revenue diver-
globally but primarily intra-Americas, from Canada and the US to and from
Central and South America. This is an opportunity to join a growth and
results-oriented ship owning team with a proven track record in the industry in an attractive coastal setting and a high quality of life factor.
sification activities.
The successful candidate will report to the CFO and work with a team of
Primary Duties and Responsibilities
* Strategic development of short, medium, and long term deployment
four other accountants. They will have responsibility for formulating, invoicing and tracking vessel, procurement, and off-hire expenses, including
strategies to maximize earnings
* Business development interacting with customers/ traders/charter-
demurrage, of a fleet of over 20 dry bulk ships operating globally. These
ships are mostly on time-charter, so the profit margin often lies in the suc-
ers/brokers.
cessful identification and pursuit and collection of itemized expenses as
* Manage commercial risks to minimize exposure
* Manage trade risks arising from political/economic/ general instability,
weather and natural disasters through alternate trading contingencies
* Explore new business opportunities across all business segments
* Manage, Assess, and act upon market/industry developments i.e.
per the contractual agreements, including accounting for dry docking and
vessel overhauls. Therefore attention to detail is an inherent part of the
job.
The successful applicant will have from 5 to 10 years of experience as an
accountant in the shipping industry, preferably in dry-bulk cargoes. A
freights rates, supply/demand, and competitors’ actions.
* Guide and direct the team members with respect to daily commercial
degree in accounting a requirement, a CPA degree is highly valued but not
prerequisite, as is experience in finance.
activities as well as longer term strategies.
* dentify and implement new routines within the team to boost creativity
Given the congenial nature of this private company, the ideal candidate
will work well in small teams and have a strong grasp of the shipping
and efficiency with respect to all commercial activities.
* Responsible for identifying cost savings related to commercial opera-
industry and global markets generally. The client prefers a candidate who
is results-driven and task-focused.
tional activities.
* Responsible for presenting and representing the Company, at various
Attractive salary, benefits, bonus opportunity commensurate with experience.
industry functions
Company: Ketch Recruiting
Qualifications
E-Mail: [email protected]
* B.S. degree – MBA preferred
Notes: Qualified candidates send copy of resume and cover letter
* 10-15 years experience in commercial management
International business management experience necessary
* Current understanding of the shipping and oil related industries
(HW03-09)
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
* Solid financial acumen - ability to analyze and interpret financial data
* Marketing knowledge and ability to develop and implement winning
Our client, a Great Lakes Maritime Museum, is searching for a Captain for
strategies
* Excellent business development and communication skills
* Good knowledge of vessel operations, chartering activities, crude
a replica square topsail sloop from the 1812 era. The museum dates back
more than 30 years with a mission to provide maritime education and
interpretation through research, collections and hands on experience tai-
transportation and voyage/fleet economics
lored to the appreciation and preservation of the history and culture of
* Strong leadership ability
Michigan's Great Lakes and other waterways. The museum offers educa-
Contact: Jack Mylott
tional programs to school children, public sails and visits Great Lakes
Company: Faststream
ports.
Telephone: Tel 954 357 9960
The Captain will lead the sailing program. Duties include attending to all
E-Mail: [email protected]
Website: www.themeetinghouse.us
Position K: Licensed Captain Maritime Museum
(HW03-09)
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
areas of legal compliance, such as safety and equipment regulations, discussions with the Coast Guard, preparing for annual inspections and evaluating options under certificates of inspection. The Captain will develop
24
the budget for the sailing program and vessel and schedule and supervise
Five years in a trading, investment or risk management related industry
ship maintenance, much of which is performed by volunteer crew. The
Domestic and international waterborne experience preferred.
Captain will recruit, train and utilize volunteer crew to the fullest extent
Three years of experience utilizing boiler plate purchase and sale agree-
possible and hire paid crew.
ments and merchant terms and conditions
The Captain will also assist with museum management, grant and other
Previous contract negotiation skills extremely helpful
fund raising opportunities, educational programs, museum exhibits and
Location: Wilton, CT
school curriculum.
Compensation: Base + Bonus + Comprehensive Benefits Packages
The Captain will report to the Board and work closely with a small admin-
Please submit resumes to: [email protected].
istrative and program staff. Candidates must hold a 100 Ton USCG
Contact Name: Lu Guasco
Masters License w/ sail endorsement, a Marine Operator Permit and a
Contact Number: 203.655.1166
Transportation Workers Identification Card. The candidate must have
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
(HW03-09)
experience in traditionally rigged vessels. The ideal candidate will have
experience in sail training and a strong desire to teach. The ideal candi-
Position M: Experienced Chemical Tanker Operator Wanted
date is diplomatic, patient and a self-starter who enjoys history and will
Heidenreich Innovations LLC owns and operates the web sites Q88.com,
encourage historical protocol aboard. Experience leading a volunteer
Baltic99.com and their latest acquisition Milbros Software, all serving the
crew is helpful.
tanker, dry bulk and chemical tanker industries. Over 500 shipping com-
The salary for this year around position is competitive with similar posi-
panies with an aggregate fleet of 5,200 ships are using these applications.
tions of responsibility and includes paid vacation.
The company needs to strengthen their team with an experienced chem-
Company: Ketch Recruiting
ical tanker operator to do marketing and sales of the Milbros products
E-Mail: [email protected]
towards ship owners, operators and other stakeholders in the chemical
Notes: Qualified candidates send copy of resume and cover letter
tanker industry. Sailing experience on chemical tankers and chemical
(HW03-09)
cargo stowage and operation are preferred. Attractive terms and benefits
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
for the right candidate.
The company is located in modern, state of art offices in downtown
Position L: Contract and Compliance Manager
Greenwich, walking distance from the railroad station and underground
This position manages the daily operations and work efforts of the con-
parking.
tract administration staff to ensure compliance of company policies and
Contact: Fritz Heidenreich, President
procedures for an international commodity trading firm.
Tel: +1 203 413 2030
Requirements:
Fax: +1 203 413 2040
Ability to audit general terms and conditions of compliance contracts
Email: [email protected]
Ability to manage, coordinate and review activities of the contract admin-
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
(HW03-09)
istration staff and recommend measures to increase efficiencies
Ability to interact with all levels throughout the organization
Position N: Controller/Accounting Manager -
Ability to perform special projects as assigned
Lower Fairfield County, CT.
Possess exceptional knowledge of boiler plate purchase and sale agree-
International Dry Bulk Operating Company seeks Controller/Accounting
ments and ability to review and understand terms and conditions
Manager. Looking for self-starter preferably with knowledge of Shipnet,
Proven supervisory skills
Quickbooks and Excel. Minimum 5 years shipping experience required.
Good written and verbal communication skills
Salary commensurate with experience. Full benefits. Please send resume
Ability to make accurate decisions and work in a fast paced environment
to: [email protected]
College degree or equivalent combination of education and work experi-
(HW03-09)
ence preferred
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
Paralegal certificate from an accredited college or institution preferred
Experience:
Domestic and international waterborne experience a big plus
Supervisory experience necessary
Five years of experience with contract preparation, administration and
compliance
25