Shipping in Greece
Transcription
Shipping in Greece
Aegean News T H E Q U A R T E R L Y M A G A Z I N E O F A E G E A N AUTUMN 2013 Aegean in Singapore Money Back with Epistrofi International Bunker Industry Association Insights and Issues Plus Flows & Currents Travel with Aegean Shipping in Greece A National Strength Επιστροφή σε ευρώ με κάθε σας συναλλαγή Ενημερωθείτε αναλυτικά για το πρόγραμμα Επιστροφή στο www.epistrofi-eurobank.gr. editorial When 10,000 weary Greeks, returning from a march against the Persian empire in 401 BC, saw the Euxeinos Pontos, or Black Sea, they shouted in joy: Thálatta! Thálatta! (Greek: Θάλαττα! θάλαττα!) "The Sea! The Sea!." Ever since then, perhaps, the sea has been at the heart of the Greek soul. Today, as global leaders in shipping, Greeks continue to celebrate the wonders of the sea and to extract gain from its very nature. To a great extent, shipping is a silent force that serves us day in and day out, non-stop, 365 days a year. And in many ways it produces one of the greatest multiplier effects in the global economy. In addition to transporting manufactured goods from suppliers to markets, ships deliver energy in the form of oil, gas and coal, chemicals and scores of other raw materials, animals and foodstuffs, medical supplies and endless other goods that meet our everyday needs. Aegean Core Activities Retail àAEGEAN OIL has established a gas station network throughout Greece, and is one of the fastest growing companies in the retail market. AEGEAN’S gasoline market share in Greece is 8%. Shipping à AEGEAN SHIPPING manages a fleet of tankers, ranging from 3,500DWT to 100,000 DWT, that transfers and delivers oil to our clients throughout the world. All ships meet ISM standards. Ships also transport people—as passengers going about their daily business or as tourists, landing at destinations or, in the case of cruise ships, being their own destinations. Designers, engineers, fitters and firemen are all part of the global shipping industry, which needs the products and services of innumerable economic sectors, creating and endless loop of demand and supply. In addition, ships provide the platform for fishing, a global industry that feeds millions every day. Each of these activities generates economic activity, creating jobs the world over, either at shipyards, ports, logistics and transport firms, serving tourists, or in serving the security needs of each country in the form of navies, coast guards, or special forces. In Greece, shipping remains a healthy and vibrant part of the economy, supporting numerous jobs at sea and on shore, generating a wide variety of demand and adding tax revenue to State coffers. In some ways, since ancient times, Thálatta! Thálatta! never lost its meaning and deep resonance in Greece and the sea, and shipping, is set to be a key component of Greece’s emergence from crisis and a strong catalyst for growth. Bunkering àIn Piraeus, Patras, Gibraltar, Amsterdam-Rotterdam-Antwerp, Fujairah, Jamaica, Singapore, Trinidad & Tobago, Portland UK, Vancouver, Montreal, Mexico, Tangiers, Tema in Ghana, Las Palmas and Tenerife, Panama, and Hong Kong, AEGEAN MARINE PETROLEUM is a leader in providing the best bunkering services available. AEGEAN MARINE PETROLEUM is the market leader in bunkering. Agency Services à Ships from around the world rely on AEGEAN AGENCY services at Piraeus, Gibraltar, and Jamaica, from loading and discharging, to spare parts and supplies. Lubricants à AEGEAN OIL produces and markets high RAYMOND MATERA Publisher performance lubricants for vehicles and industrial use, under the AEGEAN brand. AEGEAN MARINE PETROLEUM trades and supplies lubricants for the marine market under the ALFA brand. AUTUMN 2013 AEGEAN NEWS 1 You're on the move. So are we. Get Aegean News wherever you are. Aegean News iPad version is now available at the app store. Enhanced with video, more photos, and interactive content! WHERE ANY TIME AEGEAN MARINE PETROLEUM contents 13 Dennis Ho, General Manager of Aegean Bunkering (Singapore) Pte Ltd, talks to Aegean News CODE: 5169 Autumn 2013 Aegean News is published quarterly by AEGEAN PUBLISHER & MANAGING EDITOR Raymond Matera CONTRIBUTING EDITOR Alexandra Loli DESIGN Snack PRINTING AND BINDING Korifi Publications SA OWNER Aegean 10 Akti Konydli 185 45, Piraeus, Greece Tel: +30 210 458 6000 Fax: +30 210 458 6241 E-Mail: [email protected] Websites: www.aegeanoil.gr, www.ampni.com Comments and suggestions are welcome. Aegean News is free of charge and is available, subject to availability, to any interested person or organization. Please Recycle 18 An overview of Greek shipping today and the modern Greek merchant navy 4 AEGEAN UPDATE 9 RETAIL Money Back—With "Epistrofi" 10HELLENIC ENVIRONMETAL CENTER EU Legislation Revision Provides Opportunity for Efficient Marine Environment Protection 12AEGEAN PORTS OF CALL Singapore 13 IN PORT Aegean in Singapore 14 FLOWS AND CURRENTS Trends and News in the Oil and Energy Fields 16 STATIONS OF THE MONTH • Helen Gasdoga, Litochoro, Pieria • Theocli Pitropaki, Ierapetra, Crete 24 Captain Peter Hall, Chief Executive of the International Bunker Industry Association, speaks with Aegean News 18 SHIPPING Shipping in Greece—A National Strength 24 INTERVIEW The International Bunker Industry Association— Insights and Issues with Captain Peter Hall 26MARITIME TRADITION The Aegean Sea and the Origins of Shipping— Chapter II: The Roman Era 27 TRAVEL WITH ΑEGEAN Plastiras Lake 28CHILDREN AND THE ENVIRONMENT Conserving Global Fish Stocks 30 AEGEAN COLLECTION Step Out in Style AUTUMN 2013 AEGEAN NEWS 3 A E G E A N UPDA T E Celebration of Gibraltar National Day Gibraltar National Day P. Kamarados, A. Poulovassilis, G. Melissanidis, E. Syrros, and I. Kalafatis Aegean Certified Against Four Standards by LRQA After several months of close work with Lloyd’s Register, Aegean Shipping Management S.A. has been certified by Lloyd’s Register Quality Assurance (LRQA) against four international management system standards. During a ceremony held at Aegean’s premises yesterday September 18th, Mr George Melissanidis received the certifications against ISO 9001:2008 for Quality Management, ISO14001:2004 for Environmental Management, OHSAS 18001:2007 for Occupational Health & Safety Management System and ISO50001:2011 for Energy Management, demonstrating the commitment of the company to best practice for quality, pollution prevention, health & safety proactiveness and efficient energy use & conservation throughout their fleet. “The certification of Aegean Shipping Management S.A. against four standards highlights the company’s confidence in Management Systems as well as the strong commitment of Aegean’s top management for continuous improvement.” said John Kalafatis, LRQA Business Centre Manager for East Mediterranean & Black Sea Area (EMBS). George Melissanidis of Aegean Shipping Management said at the presentation ceremony: “We are very proud of our achievement, and the dedication of our people, for us to be certified with four ISO standards, ISO 9001, ISO 14001, OHSAS 18001 & ISO 50001 by LRQA. With the ISO 50001 certification, Aegean Shipping Management joins an elite group of companies. Aegean Shipping Management advanced closer to its goal of achieving greater customer satisfaction, more rigorously protecting the environment, better serving its employees, and contributing to more energy savings and emissions control. It is also a strong indicator of our direction: to excel in our day-to-day operations, both on land and at sea.” “Since its establishment in 1996, Aegean Shipping Management SA has carved out a dynamic role for itself in the highly competitive and international oil shipping market, said Mr. Melissanidis.” 4 AEGEAN NEWS AUTUMN 2013 On September 10, 2013, Gibraltar enjoyed its’ 21st Annual National Day celebrations led by the Chief Minister Mr. Fabian Picardo, the Gibraltar Mayor Anthony Lima and members of political parties, as well as members of Parliament from the UK. The highlight of this year’s speeches was a video from the British Prime Minister, David Cameron, where he wished the Gibraltarians a Happy National Day and expressed the support of the British Government for Gibraltar. Gibraltarians massively attended the rally, which took place at Casemates, like every year, as this year more than ever the current political issues with Spain have accentuated the wishes of the locals to express their rights to British Sovereignty. Gibraltarians celebrated with family members and friends after listening to the speeches and watching the release of hundreds of red and white balloons into the sky as a sign of solidarity. The streets were painted red and white and all the local restaurants and bars were full until well into the evening when the stage at Casemates was once again occupied, this time by local music bands, which played well into the night. The celebrations ended with an array of color in the sky from a long-lasting, fireworks display at the Detached Mole. Captain Nigel Campbell (South African Maritime Safety Authority), J.J Metey (Aegean Marine Petroleum) and Kostas Argiros from Port Elizabeth View of the delegation attending the lectures The Gala dinner Eastern Cape Ports and Maritime Conference South Africa is one of the top 15 shipping countries in the world in terms of tonnage transported to and from its ports. Port Elizabeth's harbor, within the Nelson Mandela Bay, is the fifth largest in South Africa, playing an important role in the movement of clean cargo, automotive parts and vehicles. The magnificent Port of Ngqura, now South Africa's premier trans-shipment hub, lies at 20 km. The port area of Port Elizabeth is more than 180 years old. Following the arrival of British settlers in 1820 the harbor area became extremely busy, with mohair, wool and ostrich feathers as the most common cargo shipped from the port. According to the Department of Transport, 80% of the country's trade is carried out by sea and it has therefore become necessary to prioritize the shipping industry. The Eastern Cape authorities, namely the South African Port authority, Transnet, the Province of Eastern Cape, Samsa, Coega port, and Nelson Mandela Municipality, organized the first ever Eastern Cape Ports and Maritime Conference, led by eminent bodies like the Economic Development of the Province of Eastern Cape, the Eastern Cape Development Corporation, the South African Maritime Safety Authority (Samsa), Transnet (National Ports Authority), Coega Port Development Corporation, and the Municipality of Nelson Mandela Bay. The conference took place at Port Elizabeth, on May 29-13, 2013. The target was to provide an opportunity to expose South Africans, Africans and the rest of the world to the mas- Aegean Employee’s Children Participate in the World Championship with the National Team Continuing success for the Peristeri Dolphins swimming team and their newly elected president (as of June 2, 2013), Aegean’s own Christos Vassilopoulos. The team ranked 1st in the National Swimming Technique Championship, earning the 4th title in its history. The excellent and high quality preparation of the team resulted in six athletes Celia, Argyris and Christos Vasilopoulos being invited to join the national team, including Mr. Vasilopoulos’ two children, Argyris (24) and Celia (18), to represent Greece at this year’s World Confederation of Underwater Activities (C.M.A.S. games) for men’s and women's swimming technique in Kazan Russia in early August. sive potential within the South African maritime sector. Nelson Mandela Bay is a natural bay within close range to the shipping route sailing around the Horn of Africa offering a different alternative to the Suez Canal. The Nelson Mandela Bay is poised to offer a good range of services to the shipping community soon. Aegean Marine Petroleum was honored with an invitation from the local authorities to participate in this first constructive and successful 3-day conference, which along with presentations, discussions and debates, opened the way for a bright future for Nelson Mandela Bay. Aegean Marine Petroleum warmly thanks the local authorities for their invitation to participate in this conference. New Employees The following employees have joined the Aegean work force. AEGEAN BUNKERING SERVICES Dimitra Persa Kolaza Paraskevi Venizelou Georgios Moutousidis HELLENIC ENVIRONMENTAL CENTER Katerina Malliou AUTUMN 2013 AEGEAN NEWS 5 A E G E A N UPDA T E Seminar participants In-House Training Courses On July 24-26, Alpha Marine Consulting ltd, conducted the following in-house training courses for Aegean Bunkering Services Inc.: • Risk Assessment and Incident Investigation Analysis The trainees were informed about the requirements of the ISM / ISPS codes and TMSA related to risk identification techniques, technical systems, management principles and risk evaluation, and the necessary steps to carry out the assessment. • Vetting Inspection Course and Shipboard Safety Officer At this stage the seminar provided the trainees with the means to efficiently prepare for vetting inspections and demonstrate a strong commitment to safety and environmental excellence. • Maritime Labor Convention 2006 This course covered background and scope of the Maritime Labor Convention, minimum requirements for seafarers to work on a ship, conditions of employment, accommodation and recreational facilities, food and catering, health protection, medical care, welfare and social security, complaint handling, compliance and enforcement. Aegean employees Konstantinos Besiropoulos (Master); Lambros Tsatsos (C/E), Nikolaos Ieronymakis (Master); Dimitrios Papoutsoglou (Master); Georgios Kokotsakis (Master); Konstantinos Veletakos (Master); Athanasios Kreouzis (C/Off); Nikolaos Spyridis (Master); Angelos Kostopoulos (Master); Stavros Lekodimitris (Master, Office Representative); Ioannis Moschos (3/Off); Georgios Tsanakis (Master); Nikolaos Papadakis (C/E); Theodosios Papadopoulos (Master); Kamil Saouach (Master); Konstantinos Stournaras (Master); Dimitrios Karaboulis (Office Representative); and Marina Ritsou (Office Representative) attended the seminars. Logging On Customers and associates may log on at: www.aegeanoil.com Customers and associates of Aegean Marine Petroleum may log on at: www.ampni.com 6 AEGEAN NEWS AUTUMN 2013 Aegean Oil SA trainees and employees of self-operated service station at Aegean’s main facilities Aegean Service Station Staff Training Aegean held a two-day training seminar as part of the company’s continuing staff education program. The seminar took place on September 11 and 12 in the training/ presentation room of the Aegean Piraeus main facilities. The topic of the seminar was Work Safety In Service Stations and Sales Techniques. A total of 35 employees working in Aegean self-operated stations in Attica attended the seminar. Each of the trainees was awarded with a certificate after the completion of the seminar. In his opening remarks, the deputy CEO of Aegean Oil, Antonis Papadakis, presented a general overview of the company and the retail market trends, noting that with this seminar a new training cycle begins. In addition to safety issues, which are always the first corporate priority, Aegean also focuses on improvement of customer service. Aegean quality control laboratory at Aspropyrgos Aegean Collaborates with Lloyd’s for Sample Analysis BY DIMITRIS PANAGOPOULOS | HEAD OF QUALITY CONTROL LABORATORIES The effort for continuous evolution of the Aegean quality control laboratory in Aspropyrgos, both in terms of investment in the latest technology analyzers, and training of existing staff, proved once again successful. Aiming at being more outward oriented, Aegean signed a cooperation agreement with FOBAS for conducting shipping fuel analyses for Hellenic Lloyd's SA. These analyses will be performed according to ISO 17025, which is a standard laboratory testing and calibration accreditation. The confidence of our customers rewards us and confirms once more the high quality of analyses carried out at the quality control laboratory at Aspropyrgos. Obtaining the accreditation certificate ISO 17025 gives chemical measurements 95% confidence, which will satisfy even the most demanding end users. Reliable measurements, in conjunction with the organization and structure level of the facilities, establishes the quality control laboratory among the leading laboratories in fuel analysis. AUTUMN 2013 AEGEAN NEWS 7 A E G E A N UPDA T E Aegean Part of Strategic Planning and Development of Trinidad’s Maritime Industry BY CHRISTOS LEIVADAS | MANAGING DIRECTOR AEGEAN BUNKERING TRINIDAD On August 29 Aegean participated in the conference on Strategic Planning and Development of the Marine Industry Trinidad from 2013 to 2018 in the Courtyard Marriott Hotel at the Port of Spain. The event took place under the auspices of a number of ministries and agencies (Department of Energy, Department of Commerce, Industry and Investment, and Ministry of Maritime Affairs) and was the most important forum that has been organized in recent years. In fact, this was the first organized effort to present a strategic development plan of the local commercial shipping industry. Merchant Marine, as well as all relevant activities, is an important component of the economic identity of the country and local authorities expect that it will play an even more important role for Trinidad from now on. Aegean was actively involved in the discussion. As has been noted to both the responsible ministries and local partners, there is no doubt that despite the progress of recent years, there should also be an improvement in services that are offered in areas such as ship repair, various supportive services, and staff education. Otherwise, Trinidad is in danger of missing the opportunity to use Aegean Launches New Application Aegean has launched a new App that is an ideal business companion, providing easy access to find indicative bunker prices for all ports where Aegean acts as a physical supplier, along with the contact details of each Aegean global sales office. The App is designed for iPhone, iPad, and iPod Touch and is optimized for iPhone 5. 8 AEGEAN NEWS AUTUMN 2013 its natural advantage. Trinidad’s natural and comparative advantage, over other nearby island countries, is none other than the very geographical position and the two main commercial ports, Port of Spain and Point Lisas. The government and both local and international companies operating locally must take advantage of these great assets and lead Trinidad’s economy into the future. The expansion of the Panama Canal will undoubtedly attract more business opportunities and their importance should not be underestimated. Shipbuilding and repair, bunkering and other supportive services such as shipping agents and spare parts and food supplies are just some. Aegean agreed on the major issues raised during discussion. The bureaucracy, the legal difficulties that foreign investors face, the lack of trained staff and the local work culture were some of the main topics of discussion. The development strategy of the Maritime Industry of Trinidad is an active process that requires participation, recommendations, and actions by private companies in the area, as well as government agencies. Aegean made it clear that it will assist in this effort. The government seems determined to achieve its objectives, to accomplish the vision and not to miss this opportunity that Trinidad has been given. RE TAIL Money Back—With "Epistrofi" Antigonos Papadopoulos of Eurobank Cards speaks with Aegean News about the Epistrofi program—which drivers may benefit from at Aegean stations. Antigonos Papadopoulos, Eurobank Please tell us about the Epistrofi program. Epistrofi is the loyalty program that Eurobank has created for all its customers who hold credit and debit cards. It is designed to bring added value to both consumers and merchants. More than 5,000 merchant locations participate in the program, covering a huge variety of retailers, to include all consumers’ needs. Merchants enroll in the program by offering a percentage (%) on every transaction that takes place with a Eurobank card. Customers can choose among the merchants for their purchases, where they earn/collect real Euros for every transaction they perform with their cards (based on the percentage of the merchant) and the can redeem them, at any of the merchants that belong to the loyalty network, on their next transaction. What makes this program different from other, similar programs for consumers? Based on the features of the program and the feedback from customer surveys, the main differentiation factors are: • Consumers collect real Euros every time they use their card. • There are no limitations and restrictions for redeeming the collected Euros. Customers can pay less, or nothing, by redeeming their Euros at the point of sale. • T he program is customer-centric and not product oriented as it works on both credit and debit Eurobank cards. So you can collect Euros with one card and redeem with another. How has the response been in the market to date? The market reacted extremely well to the program, especially after 2010, when we re-launched the program and we emphasized strengthening the merchant network and creating strong customer awareness. Now, merchants are approaching us and requesting to enter the program and not vice versa, while cardholders are contacting our call center transferring their proposals for merchants that they would like to see in the program. In terms of spending, what we see from our partners is that although their total sales volumes are under pressure, the incoming traffic of Eurobank cardholders is increasing. How do companies such as Aegean create win-win relationships with Eurobank with the Epistrofi program? Eurobank has a very big customer base of cardholders who are active and are asking for benefits when using their cards. The channels that Eurobank uses to communicate with the customers are multiple and modern. Apart from the standard methods, such as monthly statements, newsletters and branch merchandising, a dedicated site and a mobile application for smartphones have been developed. So the communication is online and the call-to-action message can be immediate; this is very important, especially when we do promotional campaigns, apart from the standard ongoing offers. All these tools are designed to meet the needs of the merchant partners and customers. Therefore, companies such as Aegean can capitalize on these communication tools to increase their incoming traffic at their stations, and build up strong and loyal relations with customers. More important, how do consumers benefit—and how is economic activity catalyzed? Consumers benefit because they gain value by using their cards. As mentioned, consumer behavior is changing and now they are seeking reasons, by the bank and the retailers, to choose to use their products (bank) and buy their goods (retailer). AUTUMN 2013 AEGEAN NEWS 9 H EC EU Legislation Revision Provides Opportunity for Efficient Marine Environment Protection BY MARIA STAMATOGIANNI | LEGAL COUNSEL HEC Discharging of waste generated during the operation of ships, and cargo residues, account for 20% of marine pollution across the globe. Expanding and improving reception facilities, and strengthening the legislative framework can contribute significantly to reducing environmental effects. 10 AEGEAN NEWS AUTUMN 2013 T he dangers posed by modern maritime transport to the marine environment have been clear since the 1970s. That is why the International Maritime Organization (IMO) devised the International Convention for the Prevention of Pollution from Ships and the Additional Protocol of 1978, together known as MARPOL 73/78, in order to take pre- ventive measures for the effective protection of the seas around the globe. In full compliance with the MARPOL Convention, the Directive 2000/59/EC was prepared, which serves as the key tool of European policy in the battle to preserve the environmental balance in the seas today. Member States were required to comply by the end of 2002. In Greece the Directive was adopted by Joint Ministerial Decision No. 3418/07/2002 under the supervision of the General Secretariat of Ports and Port Policy. For more than ten years the Directive has contributed significantly to the control of harmful pollutants, which would have probably ended up in the open sea without the strict controls and fees introduced by the Directive. Empowering the protection provided by the MARPOL Convention, the Directive provided for three axes to achieve its objectives, imposing serious sanctions in the form of heavy fines in case of improper compliance by member states: a) I n any EU port each operator must first develop and maintain α specific and renewable Ship Waste Management Plan, so that users are provided with appropriate and adequate reception facilities without delaying other ship operations. b) The directive calls for a "retributive" fee system to motivate users to deliver their waste to the port of arrival. This system imposes mandatory prepaid fees. As long as the ship delivers its waste, part of the fee is refunded or offset against other charges. c) F inally, ports are to organize a network for monitoring shipping routes and exchanging information between ports and between ship and ports of call. The Directive applies to Member States regardless of the nationality of ships and to date its application is considered to be relatively successful, as indeed the volume of traditional residues in port reception facilities of Member States has increased, while thanks to its modern and ever-evolving waste management methods, environmental risks from the process of residues are now minimal. However, the European Commission Services together with the European Maritime Safety Agency (EM- For 20 years Aegean, through the Hellenic Environmental Center SA, has been a pioneer in the collection and processing of petroleum waste and cargo residues SA) assessed that although increased awareness of all those involved in shipping (shipping companies, charterers, agents, and managers) is evident, there is still much room for improvement in order to achieve a system that ensures that all ships calling at EU ports will deliver waste and cargo residues to legitimate and appropriate reception facilities. Additionally, some Member States tend to adopt their own interpretations (depending on the level of operational preparedness and environmental consciousness), in the process of incorporating the Directive. The ultimate result is the heterogeneity of the regulatory framework across the EU, as well as extensive diversification in the logistical infrastructure of port reception facilities, which operate at different ports. Often ships request clarifications and guidance on the interpretation of the Directive, while many call for simplification of procedures and harmonization with the relevant IMO guidelines. Another proposal concerns the development of a single computerized system at a European level. The Directive revision process focuses on three findings, which need to be addressed: 1. Inadequacy of existing reception facilities or high cost of access to them 2. Disincentives for disposal of waste at sea that do not seem particularly strong, since when it comes to conscious users the chance of finding violations is low and the penalties are not dissuasive 3. Harmonization of administrative organization and coordination of the various systems handling Member States facilities These processes are under the auspices of the Committee on Transport and Tourism (rather than the more competent Environment Committee), which may be more prone to succumb under the pressure of the transport sector’s interests to mitigate the reception facilities liabilities or charges, hence putting aside environmental priorities. Nevertheless, we hope that the universal demand and effort to save environmental resources and to achieve sustainable development and reinforcement of environmental services will prevent “discounts” on measures to protect the marine and coastal ecosystems. For 20 years Aegean, through the Hellenic Environmental Center SA, has been a pioneer in the collection and processing of petroleum waste and cargo residues generated during the operation of ships and has been continuously engaged in all relevant international and EU initiatives (Euroshore, IAPH, HELMEPA), and of course has been actively and closely monitoring the procedures for revising the legislative framework. AUTUMN 2013 AEGEAN NEWS 11 Aegean Ports of Call Aegean operates in many ports throughout the world, supplying customers with products and services. Aegean News highlights developments and news from some of the Aegean Ports of Call—the series continues with Singapore. Singapore Singapore Maritime Week 2013 There was something for everyone at the launch of the Singapore Maritime Week (SMW) 2013, with Minister of State for Finance and Transport, Josephine Teo, as the guest of honor. This year, SMW featured 25 events, including several programs reaching out to the local community, as well as conferences, and business and networking events for the maritime community. ANF 2013-2015 Singapore has been assigned the chair to the Aids to Navigation Fund (ANF) Committee from 2013 to 2015. The ANF was established in 2007 to fund the renewal and maintenance of aids to navigation in the Straits of Malacca and Singapore (SOMS), and ensure safety of navigation and environmental protection in the area. 12 AEGEAN NEWS AUTUMN 2013 Leading Oxford Expert Visits Singapore Oxford professor, Paul Taylor, visited the National University of Singapore from March 25 to April 2, 2013 under the Maritime Technology Professorship (MTP) program, which aims to enhance research and development (R&D) in marine and offshore engineering research in Singapore. World Maritime University This past March, the Maritime and Port Authority of Singapore hosted a group of over 20 international maritime officials, who were pursuing their Masters in a program in Shipping and Port Management at the World Maritime University (WMU). The program was designed in a way so that the students, who came from 14 different countries, including Algeria, Iraq, Madagascar, Myanmar, and Turkey, could learn about port operations and management in Singapore. This program also gave them the opportunity to exchange insights on the development of the shipping industry. IN P ORT Aegean in Singapore Dennis Ho, General Manager of Aegean Bunkering (Singapore) Pte Ltd, provides an overview of the Port of Singapore, a key Aegean location and one of the most advanced ports in the world. Please give us an overview of the port of Singapore today? Singapore continues to be a leader in the maritime industry. In 2012, Singapore attracted 2.25 billion gross tonnages of vessels making it the global leader in vessel arrival. Container throughput was almost 32 million TEUS, an increase of almost 6% compared with the previous year, and lies 2nd only to Shanghai. Together with Singapore’s status as a major oil trading hub, bunkering activity continue to see healthy sustainable growth, delivering close to 43mil tons of bunker fuel. Combined, the maritime industry contributes 7% to Singapore’s overall GDP. It goes without saying that the maritime industry will continue to be a cornerstone of the Singapore economy. How is the development program proceeding? Singapore is not resting on its laurels and is continuing to develop the port in various segments. It was recently announced a “hub port” will be built in the western part of the island. This new container port promises to be bigger and more efficient than the current four terminals at the southern coast of the island. An underground oil storage facility that can store about 9 million barrels of crude and petroleum products will be nearing completion soon. For the bunkering industry, the Maritime Port Authority (MPA) continues to be a global leader in setting the standards for other ports to follow. In the latest initiative, the new LNG terminal is equipped with berths for the bunkering of LNG fuel. MPA is coming up with a framework for LNG bunkering procedures. Also, as announced recently at a Bunkering Forum, MPA will eventually make mass flow meter a mandatory method of measuring bunker fuel quantity. As Singapore advances as a stronger economy in Southeast Asia, what effect will this have on shipping and the port? As an open economy, Singapore is not immune from the current slowdown in the shipping market. However, building on its past success and ongoing development, Singapore is poised to take advantage of an eventual recovery of the shipping sector. In the meantime, the Singapore government has provided funding towards upgrading the skills of individuals in the maritime sector. Aegean has been well established in Singapore for some time now. How is Aegean performing? After seven years in Singapore, Aegean Singapore is synonymous with a smooth, efficient bunker operation. In the current challenging shipping environment, we continue to serve our customers with the same high level of service that is expected of us. We are also participating actively in various initiatives of the local bunker Dennis Ho industry like review of SS600, the Singapore bunkering procedure, and also in the steering committee of the biennial bunkering conference here in Singapore. As the global economy shifts eastward to Asia, how do you see Singapore's position in the next decade? Singapore is considered by many western countries to be the gateway to the rest of Asia. With Asian countries looking to dominate the world economy in the next lap, Singapore will ride on this wave. Even as the Arctic route will eventually take away some vessel traffic from the traditional route, the impact is expected to be minimal as infrastructural over on the Arctic route is not well established. AUTUMN 2013 AEGEAN NEWS 13 FLOWS AND CURRENTS Natural Gas: Market Observatory and Statistics Natural gas resources are spread throughout the globe, making gas an important component of the world's energy. While EU reserves are running low, the objective remains simple: Supply European consumers with affordable and reliable natural gas. In 2013 the European Commission produced a report highlighting the latest trends, which include the persisting variations in global gas prices, the unseasonably cold weather that heavily impact gas consumption, the decreased production from Norway and North Africa that contributes to an increase in physical flows from Russia, and the role of trading hubs as an instrument for exchange of natural gas in Continental Europe. No matter what the latest trends are, officials agree that the creation of an efficient and capable internal European market would be the best response in anticipation of the years to come and in terms of security of supply and global warming. The Largest Ship in the World The Maersk 'Triple-E' container ship justifiably calls itself the biggest vessel in the world at a 400 meters long, 59 meters wide and 73 meters high. It travels the trade route between Asia and Europe, transporting products manufactured in China, Malaysia and Korea, and exports from the West. The ship is not only big but also fuel-efficient. It has been designed to sail at an average of only 16 knots with “super slow steaming,” which actually saves the company around 900,000 Euro in fuel on a typical journey between Shanghai and Rotterdam. The Maersk 'Triple-E' also emits fewer pollutants and the slow speed also reduces carbon dioxide emissions. Moreover, instead of burning the expected 214 tons a day, the ship will burn 150 tons, which Maersk executives insist is a step in the right direction. Over the next two years, the company is overseeing the construction of another 19 similar vessels, forming a class of ship it calls “Triple-E” dedicated to the Asia-Europe route. Greece Proceeds to Hydrocarbon Exploration Yiannis Maniatis, Minister of Environment, Energy and Climate Change has announced that at least two contracts for hydrocarbon exploration will be brought before Parliament for ratification in the near future; one in the Patras Gulf and one in Ioannina. The Parliament will then have to learn, investigate and ratify the first state contracts with private contractors relating to how Greece’s mineral assets are developed. Following the signing of the contracts, the respective contractor will be ordered by the state to proceed to exploration. The ministry is optimistic that we shall see developments within 2014. 14 AEGEAN NEWS AUTUMN 2013 Global Maritime Trade Continues to Grow Between 2000 and 2008 global trade has been growing at an average rate of 12% per year due to globalization, technology and the emergence of new, strong commercial players. Although the financial crisis impacted this growing trend, trade levels have picked up again. Historically representing 75% – 90% of global trade volume, maritime shipping is the cornerstone of global trade and the preferred means of transport. The growth of seaborne trade is expected to continue steadily at an annual pace of 3-4% through 2020. China has become a major player as a manufacturing center and has stimulated an increase in container traffic between the United States and Asia, with a large portion of that traffic transited the Panama Canal. Given this tremendous growth in global shipping volumes, congestion at the Panama Canal will be a possibility, despite its recent expansion. Possible solutions could be a second canal to serve excess demand as well as alternative trade routes. Consequently, an increasing share of the trade between Asia and the US East Coast has shifted to larger ships making longer voyages west from Asia, through the Malacca Strait and the Suez Canal. The emergence of new alternative, although sometime dangerous, routes will result in an increase in trade between the U.S. and Asia. U.S. exports to Asia, such as coal, LNG, and crude oil, are also expected to grow. Largest Volcano On Earth Found Deep in the Pacific Four miles below the Pacific Ocean’s surface, the world's largest volcano has been asleep until recently a team of scientists discovered it. The newly revealed Tamu Massif volcano, located about 1,000 miles east of Japan, is about the size of New Mexico. Not very tall but extremely wide, Tamu Massif, a truly massive volcano, outclasses by about 60 times the previous record holder, land volcano Mauna Loa, in Hawaii, and can be compared with Olympus Mons on the planet Mars, the largest known volcano in the solar system. This mega-volcano formed about 145 million years ago and took a few million years to take shape between the Jurassic and Cretaceous periods. The volcano is part of a larger underwater feature known as the Shatsky Rise and although it has been inactive for millions of years, it will give geophysicists valuable info on how much magma can be stored in the Earth's crust and pour out onto our planet’s surface. Maritime Transport Reducing Emissions The European Commission is taking the first steps toward cutting greenhouse gas emissions from the shipping industry by proposing legislation which will include the following measures: Focus on emissions from large ships An EU-wide legal framework for collecting and publishing verified annual data on CO2 emissions from all ships over 5,000 gross tons will direct ship owners to monitor and report the verified amount of CO2 emitted by their large ships and provide data to determine the ships' energy efficiency. Work towards a global system The Commission aims at setting global energy efficiency standards for existing ships, as proposed by the United States and supported by other members of the International Maritime Organization. Minimize administrative burden The commission's proposal aims to minimize the administrative burden on companies by basing the rules on existing documents and equipment carried on board ships. Companies will be able to select their preferred monitoring methodology. Reduce emissions and costs The EU-wide system of monitoring will reduce CO2 emissions by up to 2%, according to the commission's impact assessment. The system would also reduce net costs to owners and assess the performance of individual ships, their associated operational costs, and potential resale value. AUTUMN 2013 AEGEAN NEWS 15 STATIONS OF THE MONTH Whatever People Want Helen Gasdoga, Litochoro, Pieria Litochoro, a hilly town of Pieria, has a population of about 7,000 inhabitants. At a distance of about 92 kilometers from Thessaloniki, Litochoro lies at an altitude of 300 meters at the eastern foothills of Mount Olympus, which makes it a popular destination for those wishing to conquer the peak of the mythical mountain. T ravelers will find Mrs. Gasdoga’s gas station at the foot of Mount Olympus. Her husband and partner, Mr. Stogiannos, talks to Aegean News about their business. How long have you been in the fuel business Mr. Stogiannos? I have been working with fuel since 1976. How did your involvement with fuel come about? I was interested in the sector and I felt that I can make a descent living. Later my wife got involved as well. Can you tell us a few words about the gas station you operate with your wife? We have three stations in the region in total; all in an area of about 30 square kilometers. This particular gas station that I operate with my wife is, you can say, the central one and is fully equipped and fully organized. We employ three people in total. How did you choose Aegean as a supplier? When did your collaboration start? Our cooperation with Aegean started in 2002 with one of our gas stations and then we changed suppliers for the other two stations as well. Now we only buy fuel from Aegean. 16 AEGEAN NEWS AUTUMN 2013 Mrs. Gasdoga’s gas service station What is your impression of your cooperation with the Aegean? Are you satisfied? Have you ever had a complaint? I am very happy with my collaboration with the Aegean. From the beginning there were never any complaints. Many people drive by on their way to Mt. Olympus and Pieria. In general how is the situation today? How is business? Thank God, our business, despite the economic crisis, is going well. Compared with other stations in the area, we have more work. Through winter till early summer we mainly work with the local population and then work picks up all the way through autumn with more tourists in the area. What are your expectations for the future? We have the set-up for an automatic car wash, which we do not really operate at the moment. I would like to turn that into a self-service car wash. We have also started the installation for LPG and we will be ready shortly. In general, whatever people want, we try to provide it and be the best at it. What is your relationship with your customers like? I feel it is very good. They seem to prefer us! Mrs. Pitropaki’s service station Big Difference for the Better Theocli Pitropaki, Ierapetra, Crete Ierapetra, the only urban center in southern Crete and the fourth largest city of the island, exports agricultural products to Europe and therefore represents an important commercial center and the main economic center of the prefecture of Lasithi. Located 100 kilometers from Heraklion, Ierapetra attracts many tourists because of it’s award-winning beaches and exciting nightlife. M rs. Pitropaki’s gas station is located at the entrance of the town of Ierapetra. How many years have you owned this gas station Mrs. Pitropaki? This gas station has been in operation since 1970. It was my father's at first and then, about ten years ago, I took over. When and how did your cooperation with Aegean start? We have been working with Aegean for about two years. We decided to come to Aegean to have a more stable cooperation with our supplier than we were experiencing in the past. Aegean offered us better, more competitive prices, so we decided to make the change. Do you employ any staff at your gas station? Would you like to tell me a few words about the services you offer? No, we do not have any staff. It is just me and my husband. As for our services, we provide fuel and lubricants. Do you see a big difference in your work during the summer months? We generally work throughout the year. The area is popular with tourists, but it is also rural, so we do not see a big difference between the summer and winter season. How is your communication with Aegean? Are you happy with your cooperation so far? How does your relationship with the supplier reflect on your relationship with your customers? Our communication with Aegean is great. And that means that we have good relations with our customers. There are generally no complaints. How is the situation today and what is the response of consumers? Business has been a bit low for some time now. But clearly we have seen a big difference for the better compared with two years ago; meaning before we started working with Aegean. Would you like to share with us your plans for the future? We have very recently performed a complete renovation. So, the gas station has already changed radically from the under-ground reservoirs all the way to the above-ground facilities. AUTUMN 2013 AEGEAN NEWS 17 SH I PPI NG Shipping in Greece— A National Strength Greeks took up shipping as their main form of occupation at the dawn of their nation. Since then, shipping has played a major role in shaping Greece’s history and remains a key component of Greek economic activity today. 18 AEGEAN NEWS AUTUMN 2013 History The Greeks have been a maritime nation since the times of ancient Greece, as the mountainous landscape of the mainland with its limited farming area and the extended coastline of Greece led people to shipping. The geographical position of Greece, at the crossroads of ancient sea-lanes in the eastern Mediterranean, its multiplicity of islands and its proximity to other advanced civilizations helped shape the maritime nature of the Greek nation at an early stage. Ancient Greeks dominated the maritime trade in their region, gradually expanding it along the shores of the Mediterranean Sea and the Black Sea, and establishing colonies. The Greeks carried out a large part of the sea trade of the Roman Empire, while they also continued to be involved, and play a major role, in shipping during the era of the Byzantine Empire. In the times of the Ottoman Empire, the involvement of the Greeks in international maritime commerce was also prominent and Greek ships could be readily found, especially in the ports of the eastern Mediterranean. They expanded their shipping activities and trade towards Western Europe in the 16th Century, taking advantage of the rapidly increasing need for grain. The restrictions imposed by the Ottomans to regulate the grain trade did not prevent the Greeks from engaging in illegal trade with considerable profit. In the nineteenth century shipowners from the island of Chios were well positioned to take advantage of the commercial opportunities across Europe after the Napoleonic Wars. Many changes and upheavals affected the markets: the Russian Revolution, the collapse of the Ottoman Empire and restrictions in Egypt that closed markets to foreigners. The Greek grain merchants in London and Odessa lost access to traditional suppliers and markets and, rather than quit, they seized the opportunity to invest in merchant fleets. The Second World War saw Greek shipping companies operating in the Allied areas with their fleets under the control of the British Merchant Marine. After the end of the war Greek-run fleets were able to re-establish themselves under their national flag. The changing dynamics saw them more closely aligned to Greece, and the establishment of a Greek Merchant Marine service. AUTUMN 2013 AEGEAN NEWS 19 SH I PPI NG G reece’s geographical position at the crossroads of three continents helps explain the intrinsic and constant Greek talent in shipping over the centuries. Commercial shipping has played a key role in the economic and social development of Greece, a traditional maritime nation, in increasing the country’s prestige at an international level, and enhancing regional social cohesion. The shipping industry has been the forerunner of the internationalization of other economic sectors of the country which, along with its global nature, maintains close ties with the Greek economy. The Modern Greek Merchant Navy Today, shipping represents one of the country's most important industries. According to Lloyd’s Register, as of July 2013, the Greek fleet currently amounts to 157.0191 mGT, with 42,0258 flying the Greek flag (Tables 1 & 3), and holds the second place worldwide in tonnage following Japan (Table 4). Greece has a very “young” fleet: 67% of the vessels comprising the Greek fleet are less than 10 years old and 44% of them are less than 5 years old (Table 2). Earnings from shipping amounted to €15.4 billion in 2010, while between 2000 and 2010 Greek shipping contributed a total of €140 billion In terms of the contribution of shipping to the national economy, Greek shipping accounts for 6% of GDP, employs about 160,000 people (4% of the country’s workforce), and represents 1/3 of the country's trade deficit. Earnings from shipping amounted to €15.4 billion in 2010, while between 2000 and 2010 Greek shipping contributed a total of €140 billion (half of the country's public debt in 2009 and 3.5 times the funds received from the European Union during the 2000-2013 period). Greeks remain at the helm of global shipping industry. The inclusion of 14 Greek shipowners in the world’s top 100 compiled by Lloyd’s List for 2012 confirms that the Greek shipping industry remains at the helm of the global market. 20 AEGEAN NEWS AUTUMN 2013 Main ship types in the Greek fleet (Table 1) Ship Types Count of Ship Type Profile Main Count of Ship Type Profile Main % Sum of Gross Tonnage Sum of Gross Tonnage % Bulk carrier 1,720 37.89% 70,667,561 45.01% Container ship 299 6.59% 13,015,958 8.29% Gas ship 115 2.53% 2,274,335 1.45% Other ship types 651 14.34% 2,742,889 1.75% Passenger ships 398 8.77% 1,543,279 0.98% Tanker 1,356 29.87% 66,775,114 42.53% Grand Total 4,539 100.00% 157,019,136 100.00% Count of Ship Type Profile Main Count of Ship Type Profile Main % Sum of Gross Tonnage Sum of Gross Tonnage % 1,485 32.72% 69,518,049 44.27% Ages of ships in the Greek fleet (Table 2) Age 0-5 According to Lloyd’s Register, as of July 2013, the Greek fleet currently amounts to 157.0191 mGT and holds the second place worldwide in tonnage following Japan 6-10 794 17.49% 35,610,915 22.68% 11-15 703 15.49% 28,436,195 18.11% 16 - 20 479 10.55% 14,884,509 9.48% 21 - 25 261 5.75% 4,401,635 2.80% 26+ 817 18.00% 4,167,833 2.65% 4,539 100.00% 157,019,136 100.00% Number mGT mDWT mTEU mCuM Avg Of Current Age 1362 42.025881 74.71064 0.17699 0.896933 20.34043074 Grand Total The Greek flag worldwide (Table 3) Flag Greece Positioning of the Greek fleet in the top 15 global list (Table 4) Number mGT mDWT mTEU mCuM Avg Of Current Age Japan 9142 157.341718 238.259567 1.342069 16.281443 13.37713301 Greece 4539 157.019136 274.427181 1.240253 3.243977 14.56271572 People's Republic Of China 5790 99.078124 160.550834 1.269959 2.033542 14.96591825 Germany 4380 97.295734 130.928739 5.675602 1.753439 11.79545282 Singapore 3810 63.359383 100.39326 1.315447 0.52943 12.39387577 Korea, South 3793 57.088392 90.166448 0.550241 7.02131 23.74635293 United States Of America 7546 47.054551 50.858459 0.470467 1.526316 26.78870704 Hong Kong, China 1556 37.426312 59.978449 0.48863 0.864764 13.9151671 Norway 2989 33.86425 41.420456 0.234657 7.153128 20.43230735 Chinese Taipei 1804 29.253371 46.486396 0.633878 0.036302 19.95579268 United Kingdom 1878 27.636341 35.51296 0.578154 6.422136 18.97302094 Italy 1926 24.143943 30.033992 0.152394 1.000418 20.97473174 India 1916 20.596319 34.60761 0.052552 1.814365 18.55293145 Turkey 2227 18.553012 29.815655 0.158382 0.1638 21.38500973 Denmark 1104 18.305877 23.526983 0.840959 1.222405 17.72735507 Country of Economic Benefit Data source / analysis: Fairplay, Lloyd’s Register Η πόλη Algeciras AUTUMN 2013 AEGEAN NEWS 21 SH I PPI NG According to recent reports, Greek shipowners have spent $3.8 billion on the acquisition of vessels this year. Taking advantage of the major opportunities that are emerging in shipping as a result of the decline in ship prices, Greek companies have acquired 211 vessels. Τhe Ports of Greece The Ionian, the Aegean and the Libyan Sea surround the Greek territory. The Greek coastline measures at 16.000 kilometers, 7500 of which surround the 2000 islands and islets of the Greek archipelago. This fact alone gives Greece a unique geomorphological advantage and allows for Greek ports to act as gateways of trade between Europe and Asia. 22 AEGEAN NEWS AUTUMN 2013 Piraeus and Greek Maritime Industry Piraeus (Greek: Πειραιάς, Ancient Greek: Πειραιεύς), a port city in the region of Attica, Greece, lies along the east coast of the Saronic Gulf, located 12 km southwest of Athens city center. The municipality of Piraeus and several other suburban municipalities within the regional unit of Piraeus form the greater Piraeus area, with a total population of 448,997. Piraeus has a long recorded history, dating to ancient Greece. Today the port of Piraeus is the chief port in Greece, the largest passenger port in Europe and the third largest in the world, servicing about 20 million passengers annually. Industry reports place Piraeus among the top ten ports in container traffic in Europe and the top container port in the Eastern Mediterranean. In addition to being the largest marine–based shipping center of Greece, Piraeus serves also as the commercial hub of Greek shipping, with most of Greece's shipowners basing their commercial operations there, largely centered on Akti Miaouli Street. Maritime Education Merchant shipping, a major national strength for Greece, has been recognized at both a European and global level. To keep Greek shipping dominant in the 21st Century merchant marine officers need to be fully trained. The Merchant Marine Academies provide modern education of maritime theory and the use of new technologies, Ministry of Marine and Aegean Sea Because of the central importance of merchant shipping for the national economy, the State has established the Today the port of Piraeus is the chief port in Greece, the largest passenger port in Europe and the third largest in the world, servicing about 20 million passengers annually opening prospects for a promising career for merchant marine officers. Merchant Marine Officers train in the Merchant Marine Academies in a number of cities. The studies comprise six semesters of theoretical training and two semesters of practical maritime education and offer high-level specialized knowledge with the system of alternate education (Sandwich Courses), pursuant to which education is alternated between classes and on-board training. Merchant Marine Academies place particular emphasis on learning English, as this skill is essential for a successful career in the world of internationalized shipping. The studies include theoretical courses, practical training in workshops, and training using simulators. Ministry of Marine and Aegean Sea. The functions performed by the Ministry by its central offices in Piraeus and its agencies in 210 ports throughout Greece and 24 consular port authorities in major ports around the world, include the organization, improvement, protection and development of shipping through: • The connection with the national economy • The support for marine tourism • The provision of services for maritime transport • The protection of human life and property at sea • The provision of search and rescue missions • The protection of the marine environment • The safety of navigation • The protection of ships and ports from unlawful acts • The exercising of the maritime policy of the country The Ministry also: • Organizes and supervises maritime education, regulates and resolves issues of maritime labor issues, and supervises the organization and administration of organizations and insurance institutions • O versees the administration, organization, and operation of the country’s ports, the organization and administration of the pilotage service and the implementation of the country’s port policy • Organizes and oversees the policing of ships, of the sea area of the ports and of the sea borders in accordance with the relevant internal and international legislation The Ministry takes actions based on national, European, and international maritime law, fundamentally aimed at resolving problems faced by ships and Greek Merchant Marine officers both at home and abroad. Union of Greek Ship Owners Hydra shipowner Gikas Koulouras first established the Union of Greek Shipowners in 1916 in Piraeus. He then went on to serve as Director for many years, while Leonidas Empirikos was the association’s first president. During the rise of Greek merchant shipping, the President of the Union was Antonios Chandris. Current President, Theodore Veniamis, was reelected in 2012 for three more years. The Union represents Greek shipowners in their relations with the State and seafarers' organizations, and ensures the protection and promotion of its members’ interests. Apart from this main organization, in which owners of sea-going vessels take part, there is also the Association of Passenger Shipping Companies (formerly Shipowners Association of Passenger Ships), which was founded in 1921 and represents the sector of passenger ships, local and international, as well as cruise ships. AUTUMN 2013 AEGEAN NEWS 23 I N T ER VI EW International Bunker Industry Association Insights and Issues Captain Peter Hall, Chief Executive of the International Bunker Industry Association, speaks with Aegean News about one of the leading associations in the maritime industry. Please tell us how IBIA—The International Bunker Industry Association—came to be. The International Bunker Industry Association (IBIA) has its first formal meeting in February 1993 with 23 participants representing 6 countries. The association has come a long way since then as we now have nearly 600 organizations and individual members representing 69 countries! Our members represent all aspects of the marine fuel chain from the ground to the ships engine. That means we have members who are oil producers, tanker owners, refiners, traders, brokers, charterers, ship owners, storage, surveyors, equipment manufacturers, port authorities, credit reporting, lawyers, P and I clubs, classification societies, marine consultants, the list goes on. The diversity of the association, however, is its strength and provides a platform from which IBIA can speak with credibility in such forums as the International Maritime Organization (IMO) providing legislators with practical information upon which future legislation can be based. IBIA has in the past been part of the working group on the Marpol annex VI and continues to take an active participation as an non-Governmental Agency at each of the IMO sessions particularly, MEPC, MSC and BLG. IBIA also participates in the International Standards Organization (ISO), which enables input into the ISO 8217, 8216 and ISO 13739. There are regional forums tackling the local issues, which can feed into technical committees. What are the aims and objectives of IBIA? • To provide an International forum for Bunker industry Issues. • To represent the industry in discussions and negotiations 24 AEGEAN NEWS AUTUMN 2013 with national and international policy makers, legislators and other group bodies. • To review, clarify, improve, develop and endorse where appropriate, industry methods, practices and documentation. • To increase professional understanding and competence of all who work in the industry. •T o provide services and facilities for members and others as the board may deem appropriate from time to time. With the global economy at a challenging and uncertain stage, how do you see the way forward for the bunkering industry, which relies on a healthy and vibrant shipping sector? Over the last 50 years the major trade routes have shifted both in volume and location. Bunkering either needs to migrate with this movement or deliver efficient, cost effective points along the emergent trade routes. We are seeing a change in the “center of gravity” moving towards the east. Areas of growth are seen as Africa, The Middle East and Asia. Whilst Singapore remains dominant in bunker supply, China, Hong Kong and other Asian countries are likely to continue to grow in the region. The biggest change I believe, will be to see an increase in sales in China, Korea and Hong Kong – Not surprising that IBIA has chosen Hong Kong to be this year’s annual conference location in November, a natural location for suppliers and shippers to meet. In big picture terms analysts are forecasting trade will continue to grow about 3% pa, and with it Bunker demand will grow about 1.5% pa - not as fast as trade, as economic measures (slow steaming) will continue to be common. Growth, however, is not likely to be equal across the globe the gains being seen in Asia, Africa and Middle East with the Mediterranean, Europe and South America remaining flat and North America is likely to shrink. In selling and finance the traditional “retailers” have been reducing their exposure to the marine fuel market. With shippers facing low earnings, restricted credit and higher costs cash flow is a key issue. There needs to be some radical thinking within the finance industry to keep shipping on the move. Is fuel availability an issue with the sulphur cap in place? The sulphur cap regulations are certainly changing the balance between high sulphur residual fuels and low sulphur distillates, especially in Europe and North Americas. Eventually environmental pressures will gain traction in the east and signs of this have started with Hong Kong announcing the implementation of 0.5 sulphur cap in 2015. Availability would appear to be able to meet the short term demands, There needs to be some radical thinking within the finance industry to keep shipping on the move certainly for the next few years, however, as more areas declare sulphur caps. Then more pressure is exerted on supply. A key component in the supply chain are the locations of available distillate, which are not consistent with demand locations (ECA’s) - therefore transportation will add further cost into the system. The key question being asked is “what will be the case in 2020 when international sulphur cap is proposed to come in force.“ A great deal depends upon how ship operators will respond to the environmental measures and cost efficiency! Will they take up “Scubbers” or alternative fuels? And in what quantities? Do you believe there is an opportunity to gain more interaction and engagement from the industry players, let’s say through the Working Technical Groups, so the bunker industry as a whole would have more leverage? The emergence of so many issues really does require an expanded working group network. The groups also need to have a local flavor, that’s why I am encouraging the formation of regional forums, which pull all the players Captain Peter Hall together in that region. The regions would have a mechanism to feed into the national and international debates. This would also create a mechanism for disseminating best practice and innovation, which I am equally keen to foster. Each year you host an annual IBIA Dinner in London. How does this event add to the advancement of the bunkering industry? Not many associations can claim to have a dinner in London that attracts over 1000 guests from all over the Shipping and Oil world. IBIA’s annual dinner takes place at the beginning of the Institute of Petroleum’s week commonly known as “ IP week” with networking opportunities second to non and demand currently outstrips supply. We opened our booking system a few weeks ago for February 2014 and demand is as strong as ever. We have been very grateful that for the last two years Aegean have been the main sponsors. AUTUMN 2013 AEGEAN NEWS 25 MARITIME TRADITION The Aegean Sea and the Origins of Shipping CHAPTER II The Roman Era Archaeological findings, myths, and the writings of historians, suggest that we can trace the origins of the shipbuilding art to ancient Greece and the Aegean Archipelagos. The Romans Conquer Greece Roman period (30 BC - 306 BC) The Roman risk for Greece first appeared in 229 BC when the Romans settled on the coast of Illyria. At that time the Greeks were divided and worn out by civil wars. This situation favored the Romans, who gradually from the 2nd century BC onwards, began to slowly conquer various parts of the Greek territory. As a consequence, Greek cities lost their lead in the Mediterranean. Nevertheless, seaborne trade continued to fuel the Greek economy. Greek shipmen remained experts in maritime art and became the trainers and crews of the strong navy of the Roman Empire. Greek shipbuilders constructed oversized heavy ships, under the rule of Rome. Romans placed military siege engines and structures on these ships for their military operations on land. The Rise of Rome Rome was built in 753 BC. This small Etruscan city quickly developed into the first town in Italy, dominated the Mediterranean Sea, and concurred Mesopotamia and Europe as far as Britain. Rome owed its rapid growth and strength not only to its large military ground forces, but also to its powerful navy. 26 AEGEAN NEWS AUTUMN 2013 Roman Ships Capturing Part of the Carthaginian Fleet The Roman Navy Rome’s navy suffered many shortcomings in the beginning. The experienced Carthaginians and the Greeks, especially the Cretans, easily defeated them. Later, however, the Romans paid more attention and reinforced their fleet, which helped Rome’s aspirations to become a world empire. Merchant ships of the Roman period are divided into smaller vessels with a capacity for up to 3,000 amphorae, and the larger Myriofora ships, as Greeks called them, capable of carrying 10,000 jars. The much largest carriers, which according to records of the time carried by average 50,000 tons of wheat per year from Alexan- dria to Rome, comprise a third special category. The Romans used for the first time a second piece of cloth in the bow to achieve higher speed. During Roman times we also see for the first time merchant ships without oars. For the creation of a large commercial and military fleet the Romans used the great naval tradition of ancient Greek and Hellenistic times. The Romans, and the later conquerors of the Mediterranean Sea, namely the Arabs, the Venetians, and the Ottomans all learned from, continued and improved upon the ancient Greek maritime expertise, as they gathered technical knowledge and seamanship experience. TRAVEL WITH AEGEAN Plastiras Lake Near the city of Karditsa lies Plastiras Lake, also called Tavropos Reservoir. The lake and its name commemorate the Greek general and politician, Nikolaos Plastiras, who first conceived the idea of building a reservoir in the area. Must See Plastiras Lake The Vision In 1925 general Nikolaos Plastiras was visiting his hometown in the area of Karditsa. During this time a major flood of the river Tavropos devastated the entire area. General Plastiras presented his idea—to build a resevoir—to the Minister of Agriculture and asked him to study the case. Although politicians initially opposed Plastiras’ proposal, after the Second World War Plastiras became Prime Minister and resurfaced the subject. The newly formed Public Power Corporation adopted the project as part of its effort to electrify the country and held an international contest in 1953. French company Omniun Lyonnais won and started building the dam in 1955 and completed it in 1960. Plastiras Lake Today Today the lake holds up to 400 million cubic meters of fresh water, used for irrigation and as a power source of a hydroelectric plant and as the main water source for the city of Karditsa. Due to its altitude and beautiful landscape, the reservoir acts as a popular tourist resort all four seasons. Plastiras Lake Depending on the time of the year visitors shouldn’t miss the lakeside bike ride under the oaks, swimming in the lake, or enjoying a boat ride. Botanical Garden Open year-round, this is an area of 10 acres with unique collections from the flora of the wider region. Anthohori Waterfall The Anthochoriti River that flows through the village will charm nature lovers. Hikers should follow the specially designed path, surrounded by lush vegetation and abundant water, to the entrance of the gorge and the newly renovated water mill. Plastiras Museum Thessalia Dedicated to the life and work of the general, or “Black Horseman” as they used to call him, the Plastiras Museum is located in Morfovouni village. Visitors will have the chance to discover numerous documents, photographs and personal objects from well-known and lesser-known aspects of the life of Nicholas Plastiras. Gaki’s Cave Discover the hideout of Thimios Gakis, located in the village of Karitsa. At a total length of 190m, much of which has not yet been explored, visitors will require an experienced guide for this adventure. Fanari Fortress 14km from Karditsa stands the only Byzantine castle saved in western Thessaly. Originally built to control the passage from Epirus to Thessaly, the castle was used as barracks by the Turks during the occupation and for the same reason by the Greek army after the revolution. Aegean stations AUTUMN 2013 AEGEAN NEWS 27 CHILDREN AND THE ENVIRONMENT I Protect the Environment-I Safeguard my Future By staying informed about what is happening in the world and by passing the information on to others, we are taking a significant step toward the protection of our planet. I BECOME INFORMED - I INFORM OTHERS - I ACT Conserving Global Fish Stocks What is overfishing? What causes overfishing? There are many ways to explain overfishing: • Commercial and non-commercial fishing that results in a depleted fishery. If fishermen catch too many adult fish, then not enough stay behind to breed and replenish the population. • Catching too many fish. Fishing so much that the fish cannot sustain their population. There are gradually fewer and fewer fish, until finally there are none to catch for either sport or food. Whatever the definition, the result comes down to this: Catching too many fish leads to an overall degradation to the system. Overfishing is a non-sustainable use of the oceans and we need to do what we can to conserve fish stocks on a global level. All around the world there are two to three times as many fishing fleets as we need to catch fish and other marine species for our food. There are, perhaps, simply too many people fishing in the oceans! In addition, fishermen often use fishing methods that hurt the oceans and have a large, negative impact on marine ecosystems. These methods and practices, which are quite common, do not target specific fish and cause tremendous destruction on non-target species and the bottoms of the oceans. 28 AEGEAN NEWS AUTUMN 2013 What can WE do to help? Why is overfishing a problem? To understand how big the problem is just look at the facts: • 52% of fish stocks is fully exploited • 20% is moderately exploited • 17% is overexploited • 7% is depleted • 1% is recovering from depletion Worldwide, about 90% of the stocks of large predatory fish stocks is already gone. In the real world this results in two serious problems: 1. We are losing species as well as entire ecosystems. As a result the oceans are under stress and at risk of collapse and we are at risk of losing a valuable food source. 2. It’s not only fish that are affected by fishing. We also hurt marine mammals, sharks, sea birds, and non-commercially viable fish species, as they are overexploited, killed as bycatch, and discarded in the process. This amounts to almost 80% of the catch for certain fisheries. Scientists agree that at current exploitation rates many important fish stocks will be extinct within 25 years. We can still turn this around if we act now and act strongly by following some basic ground rules: Safe catch limits We need to stop being shortsighted, reassess and determine a limit of fish that we can catch. Scientists can help us here. There is no room for politics and economic incentives. This is what got us in trouble in the first place. Controls on bycatch We also need to determine which methods and practices we are going to outlaw. This way we will prevent the unintentional killing and disposal of ocean creatures. Protection of habitats Make it a priority to protect the parts of an ecosystem where fish spawn and nurse young fish, unique unexplored habitats, and corals. Monitoring and enforcement It is not enough to inform fishermen what they cannot do. We have to enforce a monitoring system to make sure they do not do what they are not allowed to do. Fishermen need to learn that if they do not enforce the law, it is going to cost them. What can I do to help? We all, as individuals, can make also a difference. Be informed Check out the Internet for articles on overfishing and the benefits of conserving the fish stocks around the world and your area. Know what you eat If you eat fish, make sure you know what you eat. Spread the word Let your friends know why you refrain from eating certain fish. Tell them about the problems we're facing. Tell your elected officials Write to your elected officials and tell them you are concerned about overfishing and destructive fishing methods. Contact your local media Write a letter to the editor of your local newspaper to get a wide audience. Use your blog or website Write about the state of our oceans and how overfishing is affecting all of us. Spread the word in school Write a research paper on overfishing or the wider issue of the state of our oceans. AUTUMN 2013 AEGEAN NEWS 29 30 AEGEAN NEWS AUTUMN 2013 AEGEAN COLLECTION Step out in style with the Aegean Collection Aegean and renowned designer Robbi di Kappa have teamed up to design a brand new look for today! The Aegean sport line, with its nautical influence, is perfect for stepping out in style, in the city, by the sea, or on country walks—for him and for her. Bundle up or travel light in polos and t-shirts. At home, relax in luxurious bathrobes. And stash your gear in versatile and stylish Aegean bags. Discover the new Aegean look at the Aegean Shop or online at www.aegeaneshop.com Aegean Shop at the Aegean Headquarters— 10 Akti Kondyli, 18545, Piraeus, Greece AUTUMN 2013 AEGEAN NEWS 31 Aegean Energy for the Future Aegean is Greece's most dynamic energy, petroleum, and shipping group. The company has a network of retail gas stations throughout Greece, is active in marine fuels and lubricants, and operates a fleet of tankers and barges internationally and domestically to transport petroleum and bunkers for its global base of clients. RETAIL MARKET Through its fast-growing network of gas stations, Aegean supplies drivers in Greece with gasoline and automotive lubricants. Aegean’s modern, well-maintained gas station network has won the trust of drivers due to the high quality products and services it offers at competitive prices. In addition, Aegean directly supplies large industrial clients with petroleum products of all grades, owing to the consistency and service of its transactions. BUNKER FLEET NYSE listed Aegean Marine Petroleum Inc., with an exclusively double hull fleet—of which nine ships are newbuildings—is the natural supplier of marine fuels at 12 of the most significant ports in the world. Furthermore, with its 22 newbuildings program in progress and the continuous opening of new stations, it is one of the most dynamically developing divisions Of the Aegean Group. BUNKERING Aegean provides one of the most efficient and responsive bunkering services to clients worldwide. Its ships never stop sailing and its services are available 24 hours a day, 365 days a year. Aegean operates bunkering stations in Piraeus and Patras, and in Gibraltar, Amsterdam-Rotterdam-Antwerp, Fujairah, Jamaica, Singapore, Trinidad & Tobago, Portland UK, Vancouver and Montreal, Mexico, Tangiers, Tema in Ghana, Las Palmas and Tenerife, Panama, ang Hong Kong. All its products are ISO 8217 certified. The Company, which is a member of IBIA and is ISO 9001 certified, is well positioned on the FOBAS White List. SHIPPING Aegean's fleet of ships is at the heart of its superior service worldwide. Its vessels operate in full compliance with EU and international standards, are all certified with the code of safe management ISM and SOLAS and are in complete compliance with MARPOL regulations. Aegean continually adds to its fleet of ships, which includes large vessels as well as smaller capacity vessels. Its fleet transports oil cargoes worldwide on behalf of major oil companies, commercial clients, and Aegean customers. LUBRICANTS Aegean produces and markets high performance lubricants for vehicles and industrial use under the Aegean brand and, for the marine market, under the ALFA brand. ALFA marine lubricants are certified and approved by the largest marine engine manufacturers in the world. The resources of our company and our follow–up service create our successful relationships and allow Aegean to supply lubricants in more than 550 ports worldwide. ENVIRONMENT-HEC The Hellenic Environmental Center collects, transports and processes oil residues from ships and land units (industrial, shipyards), while it also manages all liquid residues produced by ships. In order to carry out its work HEC has the most state-of-the-art equipment, consisting of floating separators, a fleet of pollutant-collecting tankers, and well-equipped tank trucks. HEC acts to protect the marine environment and at the same time contributes significantly to the saving of energy with the recycling procedures it uses to transform the reclaimed pollutants into energy resources. TRADING Aegean is dynamically active in the trading of crude oil and petroleum products worldwide. The Trading Department is comprised of dedicated and professional individuals who combine high level expertise and a great many years of experience in the oil industry. Petroleum products are supplied to a broad spectrum of customers who comprise the company's portfolio. Aegean has acquired its credibility from the high quality of the services it provides to suppliers and ship owners, a fact that supports the company’s ambitions for the achievement of long-range goals in the energy sector worldwide. Aegean’s websites www.aegeanoil.com www.ampni.com 32 AEGEAN NEWS AUTUMN 2013