The Connecticut March 19, 20 & 21, 2012 Maritime...

w w w . s h i p p i n g 2 0 1 2 . c o m

The Connecticut Maritime Association Presents

March 19, 20 & 21, 2012Hilton Stamford Hotel

Stamford, Connecticut

GAME CHANGERS

Produced by International Marketing Strategies, Inc.Tel: +1.203.406.0109 ext 3717 • Fax: +1.203.406.0110Email: [email protected] • Website: www.shipping2012.com

Supporting Organizations:BIMCO • INTERCARGO • INTERTANKO • The Baltic Exchange • Connecticut Maritime Coalition (CMC) •

International Shipping Federation (ISF) • Association of Ship Brokers & Agents (ASBA) • Liberian

Shipowners’ Council • The Hong Kong Shipowners’ Association • International Bunker Industry

Association (IBIA) • International Chamber of Shipping (ICS) • Society of Maritime Arbitrators, Inc. (SMA)

• Hellenic–American Chamber of Commerce • Norwegian–American Chamber of Commerce • National

Association of Maritime Organizations (NAMO) • InterManager • Cyprus–U.S. Chamber of Commerce •

Admiralty Committee of the Association of the Bar of the City of New York • Chamber of Shipping of

America (CSA) • American Salvage Association (ASA) • The Maritime Industry Foundation • The Maritime

Law Association of the United States (MLA) • NYMAR: New York Maritime, Inc. • Women’s International

Shipping & Trading Association (WISTA) • North American Marine Environment Protection Association

(NAMEPA) • The Society of Naval Architects and Marine Engineers (SNAME) • International Bar

Association (IBA) • IMarEST • International Association of Classification Societies (IACS)

Media Sponsors:TradeWinds • Seatrade Communications Ltd. • Fairplay / IHS Fairplay • Lloyd's List • Petrospot • Elaborate

Communications • The Maritime Executive • The Sailings Group • Worldoils • Marine Money International

• Morgan Marketing & Communications • Marine Log • Maritime Reporter • Digital Ship • Tanker Operator

• Maritime Global Net • Professional Mariner • The Baltic • Tanker Shipping & Trade • Shipping World &

Shipbuilder • Maritime IT & Electronics • Motorship • Mercator Media • Bunkerspot • Maritime Media •

gCaptain • Diesel & Gas Turbine Worldwide • Marine Engineers Review (MER)

March 19, 20 & 21, 2012

Hilton Stamford Hotel, Stamford, Connecticut

March 19, 20 & 21, 2012


Game ChangersWe live and work in interesting and challenging times, that wesuspect we all wish were just interesting and not quite sochallenging. As an industry we tackle “interesting” with relish:getting better consumption, meeting our customers trans-portation needs or training up a future cadre of seafarerscapable of running the best ships engineers and technologistscan develop. Challenges like the current freight market, a stilldisturbing order book or a scourge like piracy are things wecould do well without.

Today, given the economic and commercial pressures, whatmay have been logically evolving shifts in the way we conductbusiness are in fact now Game Changers.

Because market conditions are so acute, challenges are mag-nified, and the premium for working smarter, better and moreefficiently is extremely clear. Nothing less than the health andfuture of global trade and shipping sometimes seems to hangin the balance.

At Shipping 2012 we have assembled topics and speakerswho, at the top of their game, are most actively immersed inthe challenging Game Changers of the day. The goal is noth-ing less than to contribute powerfully to your success. Asalways we are cognizant of how fortunate we are to have thecreative energies of the industry around the world focused onStamford in March and we pledge nothing less than a paceand quality of information and networking energy to masterany Game Changing challenge.

10 REASONS TO ATTEND

In March each year, 2,400+ delegates, speakers, sponsors,exhibitors and visitors from 50 countries gather in Stamford,Connecticut for one of the most lauded events currently on themaritime calendar.

Shipping 2012 will reinforce its reputation as the conference"that brings the decision makers together" and the exhibition"where business gets done".

ATTEND SHIPPING 2012 AND ENHANCE YOUR BUSINESS

1 Superb networking opportunities and plenty of time toconduct business.

2 Topical & valuable Conference Program with customizableMulti-Track Seminars.

3 Key decision and policy makers in one place, at one time.

4 Diverse, dynamic and global exhibits showcasing excep-tional services, products & innovations.

5 Launch a new product or service to an attentive & knowl-edgeable audience.

6 Initiate, pursue and accomplish a year’s worth of businessin just two and a half days – saving time, and money!

7 An event put on by the shipping industry for the shippingindustry.

8 Located in the midst of Shipping’s Mind and Managementfor North America. Where decisions are made and busi-ness gets done!

9 Creative sponsorship opportunities available to fit yourspecific objectives.

10 If you have not been to one yet, come see for yourselfwhy everyone raves about the CMA.

We are committed to bringing extraordinary value to you andyour business and look forward to seeing you in Connecticutin March.

The Board of Governors of The Connecticut Maritime Association

Monday, March 19, 2012

2:00 pm – GRAND BALLROOM I – Conference Convenes

CMA President’s Welcome & Opening Remarks• Beth Wilson-Jordan, President , Connecticut Maritime Association

Game Changers: An Executive Briefing from theIndustry’s Trade Association Leadership Market Imbalances: Too many ships and too many yards!

Piracy, Armed Robbery, Kidnapping, Torture and Murder at Sea.Changing the way we have to do business.

Global versus National Environmental Regulations: What shouldowners expect? When and how will the expectations be met? Andpaid for?

Fair Treatment of Seafarers: Why it still goes wrong sometimes?Ramifications for those who do it correctly.

Session Sponsored by:

Moderator

• Clay Maitland, Managing Partner, International Registries, Inc. & Founding Chairman, NAMEPA

• Alastair Evitt, Managing Director, Meridian Marine Management Ltd. &President, InterManager

• Yudhishthir D. Khatau, Vice Chairman & Managing Director, Varun Shipping Company Ltd. & President, BIMCO

• Admiral Robert J. Papp, Jr., Commandant, United States Coast Guard (invited)

• Nicholas A. Pappadakis, Chairman, INTERCARGO

• Spyros M. Polemis, Chairman, International Chamber of Shipping

3:15 pm - 3:45 pm – Afternoon Refreshment Break

3:45 pm – GRAND BALLROOM I – Session Resumes

5:30 pm – Opening Cocktail Reception in Exhibit AreaSponsored by:

Tuesday, March 20, 2012

8:00 am - 9:00 am – Continental Breakfast in Exhibit AreaSponsored by:

9:15 am – GRAND BALLROOM I

The Macro Economic State of the World Global Trade and EconomicsState of the US Economy, State of Europe & the Euro

Asian Fortunes

Double Dip Recession Threat

Interest Rates, Currency shifts and inflation

Governmental and Political Paralysis and the US election

BRIC Fallout

• Willem Buiter, Chief Economist, Citibank (invited)

The Macro Shipping Environment State of Ship FinanceTrends in Bank Lending – Basel III and higher capital require-ments, Tighter terms and conditions

Liquidity Resolution Strategies: Options

Restructuring: Avoiding difficult shakeouts

Consolidation: Finding Your Sweet Spot

Bridging a Finance shortfall: What’s a small owner to do? What’s any owner to do?

• Capt. Herbert Soanes, Senior Vice President & Deputy ManagingDirector, DVB Bank SE

The Connecticut Maritime Association

Game Changers

March 19, 20 & 21, 2012


Society of Maritime Arbitrators, Inc.

10:00 am - 10:30 am – Morning Refreshment BreakSponsored by:

10:30 am – GRAND BALLROOM I – Session Resumes

Moderator

• Bernard Anne, Executive Vice President & Managing Director, Marine Division, Bureau Veritas

Drilling Deeper: Market Sector Prospects Prospects in the Tanker Markets• Mike Reardon, Manager Global Strategy & Freight Trading,

ConocoPhillips Company

Prospects in the Dry Cargo Markets • Peter S. Sandler, Managing Director, Ocean Freight Platform Head,

Louis Dreyfus Commodities

Supply of Ships: A Thorough Update• Matthew Flynn, Managing Director, Worldyards.com Pte. Ltd. (invited)

Cycle analysis: What history teaches us. Recipes for recovery. With the macro economic world and industry supply/demand projectionsfresh in mind, what is the way forward. What if anything can we takefrom previous cycles? Is this one different? Shining bright lights ofinsight and knowledge into the dark corners of market anxiety, leadinganalysts, brokers and commercial practitioners will discuss strategiesand opportunities stemming from today’s game changing challenges.

Moderator

• American Bureau of Shipping TBN

• John d'Ancona, Head of Research, Galbraith's Ltd.

• Fotis Giannakoulis, Vice President, Oil Services & Commodity Shipping Equity Research, Morgan Stanley

• Simon Newman, Head of Tanker Research, ICAP Shipping

• Dr. Arlie G. Sterling, President Marsoft Inc.

12:30 pm – Luncheon Reception in Exhibit Area

1:00 pm - 2:00 pm – Delegates Luncheon – GRAND BALLROOM II

Sponsored by:

Welcome• Bureau Veritas

Professional Mariner “Plimsoll Awards”The editors of Professional Mariner magazine will present three SamuelPlimsoll Awards, two for Outstanding Service, one for an individual and one foran organization, who have been instrumental in making the industry safe formariners. The third, for Innovation, to recognize a product, service or proce-dure that significantly improves the well-being of seafarers.

AFTERNOON BREAKOUT SESSIONS

2:15 pm - 5:15 pm – GRAND BALLROOM I – TRACK A, THE GLEN – TRACK B and ELM – TRACK C

3:30 PM - 4:00 PM – Afternoon Refreshment Break

4:00 pm - 5:15 pm – GRAND BALLROOM I, THE GLENAND ELM – Sessions Resume & TRACK C Commences

GRAND BALLROOM I – TRACK A

Can and will technology alter the Supply DemandBalance? Is 15 years it for a ship today? Who will bedriving the decision? Have the old value models beenchanged by the current market?

EEDI – How will vessel efficiency indices impact asset decisions –Can it really save the cost of the ship? Shipyard’s sales ploy or areal game changer?

• Uwe Bullwinkel, Executive Vice President, Region Americas,Germanischer Lloyd

To order or not to order? New design and engine efficiencies: what do the charterers want: The best price or cleaner ships?• Dale Ploughman, Chairman & CEO, Seanergy Maritime Holdings Corp.

Shipowner Economics: The complex equation of operatingcosts, freight, new building prices, regulations and returns.Why the new ships are vital• Shipowner Speaker TBA

First Returns: Real world experience with the “New” vessels• Speaker TBA

March 19, 20 & 21, 2012


March 19, 20 & 21, 2012


3:30 PM - 4:00 PM – Afternoon Refreshment Break

New Ideas for the Next Generation Vessel• Speakers TBA

THE GLEN – TRACK B

Bunkers: Regulations, Costs and Quality: Strategies to manage the challenges

Moderator

• Llewellyn Bankes-Hughes, Managing Director & Publisher, Petrospot Limited

Bunkering and the Global Debt CrisisAs the banking industry struggles with shrinking balance sheets and the man-date to raise new capital, ship owners and fuel suppliers alike face unprece-dented challenges in managing credit, liquidity, cash flow and investment inworking capital. The impact is particularly acute in the area of fuel procure-ment. This presentation will examine the risks and opportunities associatedwith the step change taking place in the global fuel industry.

• Paul H. Stebbins, Chairman & CEO, World Fuel Services Corporation

Environmental regulations and their impactWith a focus on costs and strategies to overcome them, the impact of newenvironmental regulations, such as the North American Emissions Control Area,is bound to have an inflationary effect on refuelling costs. This presentation willrelate what is happening now and in the near term, and how this might impactthe choices shipping companies may have to make in the future.

• Joseph J. Angelo, Managing Director, INTERTANKO

Navigating around a soaring cost baseThe rule of thumb suggests that, typically, bunker prices at least 60% of dailyoperating costs for seagoing vessels. But prices are hugely volatile and refu-elling can sometimes cost as much or more than the revenue generated by thefreight, squeezing margins to unsustainable levels. How do owners and char-terers juggle the minefield of volatile prices and uncertain revenue streams?This presentation will attempt to shed some light on the cost issues facingshipping companies today.

• Gary W. Lawson, Bunker Trading Manager, Heidenreich Marine Inc.

Bunker supply and trading: commercial solutionsCredit is by far the most important factor in today's markets, and for some it isbecoming harder to obtain. This presentation will examine some options forowners and charterers whose credit lines are tightened or cut and will look athow this also impacts bunker suppliers and traders and some of the optionsthey may offer.

• Adrian Tolson, Marketing Director, Oil Liquids Department, Noble Americas Corporation

Bunker quality and quantity developmentsTight margins often tempt players to cut corners and this can have a majorimpact both on the quality of bunker fuel available and the quantity delivered.This presentation will examine bunker quality trends and will look at ways sup-pliers and buyers are attempting to overcome quantity issues.

• Bob Lintott, Managing Director, ISObunkers LLC & Chairman, International Bunker Industry Association (IBIA)

Panel Discussion

Commences at 4:00 pm – ELM ROOMS – TRACK C

Winners of the First Annual Maritime Academy /College CompetitionMartime Academy students across the United Sates have participated ina competition to write papers tackling some of the industry’s most chal-lenging Game Changing issues. The competition looks to promote crossgenerational awareness of ideas, talent, and energy likely to help shapethe next twenty years of the industry.

The presentation of the three winning papers will be followed by the CMAJob Fair, sponsored by the CMA Education Foundation

5:30 pm – Cocktail Reception in Exhibit Area

Sponsored by:

5:30 pm - 7:30 pm – Job Fair in The Aspen Rooms &Foyer

Sponsored by:

The CMA Shipping 2012 Job Fair is a continued new feature of the show, cre-

ated by the ideas and demands of our members. A forum to benefit both com-

panies looking for qualified employees and prospective job seekers, there will

be table-top displays hosted by companies looking to hire.

Wednesday March 21, 2012

8:00 am - 9:00 am – Continental Breakfast in Exhibit Area

MORNING BREAKOUT SESSIONS

9:15 am - 12:15 am – GRAND BALLROOM I – TRACK A, THE GLEN – TRACK B and ELM – TRACK C

10:30 am - 11:00 am – Morning Refreshment Break

11:00 am – GRAND BALLROOM I, THE GLEN AND ELM –Sessions Resume

9:15 am – GRAND BALLROOM I – TRACK A

A Review of Industry Best PracticesCost Challenges: Strategies to Save $1,000 a day

Moderator

• Roberto Giorgi, President, V.Ships

Capital structures: What options work best today? • Richard M. Lemanski, CFO, Universal Maritime Inc.

Operating costs, manning, spares, repairs and supplies:Strategies for saving $1,000 a day• Capt. Anuj Chopra, President, Anglo-Eastern (Houston) LLC

Emission Rules, ballast water and other large capex regula-tions in a low freight market: Will environmental aspirationssuccumb to current economic reality? A review of what liesjust ahead…and the prospects for implementation, delay orwaivers• Tor E. Svensen, President, Det Norske Veritas AS

Current and developing Industry/Government InitiativesSupporting Maritime Clusters: Lessons from Denmark• Andreas Nordseth, Director General, The Danish Maritime Authority

KPI: Benefits today• Matt Dunlop, COO, V.Ships Shipmanagement

Risk Management: Options and Considerations• Capt. Karl Lumbers, Director, Ship Inspection, Thomas Miller P&I Ltd.

9:15 am – THE GLEN – TRACK B

Trends in Arbitration KNOW BEFORE FIXING – Charter Party Disputes and Solutions Members of the Society of Maritime Arbitrators, will address a range oftopics that arise between chartering and operations and owners andcharterers during the course of a fixture. Attendees will have the oppor

stions to the panels. If you are a broker, owner or charterer and want tobe sure you KNOW BEFORE FIXING, you want to attend this session. Thepanelists will address how the problems arise and how to avoid them.Real life chartering and operational situations presented by the audienceof brokers and operations staff will make this an exciting and practicalno-nonsense session. Discussions will include both dry and oil fixturesand time and voyage charterers.

• Speakers TBA

Presented by the Society of Maritime Arbitrators, Inc.

9:15 am – ELM ROOMS – TRACK C

Executive Briefing: State of Affairs regarding the con-tinuing threat of Piracy, Current Best practices withArmed Guards, Insurance issues, charterer develop-ments and Current Political will for tackling the prob-lem. This will be a limited seating industry practition-er only meeting. Please reserve space early.

12:15 pm – Luncheon Reception in Exhibit AreaSponsored by:

12:45 pm - 2:00 pm – Delegates Luncheon – GRAND BALLROOM II

Sponsored by:

Welcome

• Scott R. Bergeron, COO, Liberian Registry

Special Presentation of the Halert C. Shepheard Award

March 19, 20 & 21, 2012


AFTERNOON BREAKOUT SESSIONS

2:15 pm - 4:00 pm – GRAND BALLROOM – TRACK A

Commodore Debate: Keys to the FutureBest Practices through the CycleWhere are tomorrow’s opportunities?Delivering value to shareholders, staff and customers

Moderators

• Dagfinn Lunde, Head of Shipping & Member of the Board, DVB Bank SE

• Lori Ann LaRocco, CNBC Senior Talent Producer, Author "Thriving in theNew Economy", C-Suite Insider Columnist, CNBC.com

• Richard du Moulin, Partner, Intrepid Shipping LLC and CMA Commodore1999

• Per Heidenreich, Heidenreich Enterprises L.P. and CMA Commodore2000

• C. Sean Day, Chairman, Teekay Corporation and CMA Commodore 2005

• Morten Arntzen, President & CEO, Overseas Shipholding Group, Inc. andCMA Commodore 2007

• Øivind Lorentzen, III, CEO, SEACOR Holdings Inc. and CMA Commodore2011

4:00 pm - 4:30 pm – Afternoon Refreshment BreakSponsored by:

2:15 pm - 5:15 pm – THE GLEN – TRACK B

Legal Session: Current Issues and Developments inAdmiralty Law

Session Sponsored by:

Co-sponsored by: The Maritime Law Association of the UnitedStates (MLA) and The Admiralty Committee of the Association ofthe Bar of the City of New York

Moderator

• Peter G. Drakos, Peter G. Drakos, LLC

Speakers to include

• George M Chalos, Partner, Chalos & Co. PC

• Blank Rome Maritime TBA

• Seward & Kissel LLP TBA

• Peter D. Clark, Partner, Clark, Atcheson & Reisert

• Barry M. Hartman, Partner, K&L Gates LLP

• Holland & Knight LLP TBA

The CMA will submit its CMA Shipping 2012 Legal Session to The Maritime Law

Association of the United States (“MLA”) for approval for CLE credits.

3:15 pm - 3:45 pm – Afternoon Refreshment BreakSponsored by:

5:15 pm – Conference ends

5:45 pm – Commodore Gala Reception in Exhibit Area

7:30 pm – Commodore Gala Dinner – GRAND BALLROOM I & II

Sponsored by:

Commodore Award presented to the 2012 CommodoreØivind Lorentzen, III, CEO, SEACOR Holdings Inc.

‘Til Late – Commodore Afterglow – Hotel LobbySponsored by:

March 19, 20 & 21, 2012


We would also like to thank the following companies for their special sponsorships at Shipping 2012:

Photos by: Chris Preovolos (www.preovolos.com)

* Program Subject to Change

YES! I WOULD LIKE TO BECOME A SHIPPING 2012 DELEGATE!You can also register online at http://www.shipping2012.com

Note: Members include CMA Members, Employees/Members of Supporting Organizations & Event Sponsors

FULL CONFERENCE:Includes: All Sessions, Delegate Handbook, CD of Speaker Presentations, All Breakfasts, Coffees, Lunch Receptions & Luncheons and Evening Receptions, Gala Dinner Reception and Commodore Gala Dinner (when chosen as an option) and Commodore Afterglow.

o CMA Member $1,595 o Non Member $1,795 o I would like to join the CMA today at $50 per year (U.S.) or

$70 per year (overseas) to take advantage of the special member rate!o without Gala Dinner $1,295 o Without Gala Dinner $1,595

PARTIAL CONFERENCE:Monday, March 19 includes Afternoon Session, CD of Speaker Presentations, Delegate Handbook, Afternoon Coffee and Evening Opening Reception.

o CMA Member $595 o Non Member $745 o Join the CMA today!

Tuesday, March 20 includes All Tuesday Sessions, CD of Speaker Presentations, Delegate Handbook, Tuesday Breakfast, Lunch Reception & Luncheon, Coffees and Tuesday Evening Reception.

o CMA Member $795 o Non Member $945 o Join the CMA today!

Wednesday, March 21 includes All Wednesday Sessions, CD of Speaker Presentations, Delegate Handbook, Wednesday Breakfast, Lunch Reception & Luncheon, Coffees, Gala Dinner Reception and Commodore Gala Dinner* and Commodore Afterglow.

(NOTE: *Available on a first come/first serve basis with preference given to Full Conference delegates).

o CMA Member $995 o Non Member* $1,095 o Join the CMA today!

o without Gala Dinner $795 o without Gala Dinner $895 o Join the CMA today!

Name _________________________________________________________________________________________________________________________________

Company Position ____________________________________________________ Business Type: _______________________________________________________

Company ______________________________________________________________________________________________________________________________

Street Address___________________________________________________________________________________________________________________________

City_______________________________________________________________ State ____________________________ Postal/Zip_________________________

Country ____________________________________________________________ Tel ________________________________________________________________

Fax _______________________________________________________________ Email ______________________________________________________________

Payment information: o Payment enclosed o Charge my credit card o Visa o Mastercard o Amex

Name on CC ________________________________________________________ Card # _____________________________________________________________

Expiration Date ______________________________________________________ Signature ____________________________________________________

Credit Card Security Code (3 or 4 digits located on back of card required for card processing) ______________________________________________________________

Make checks payable to CMA Shipping 2012 (Checks should be in US$ and drawn on a Bank with a US Branch) and mail to: CMA SHIPPING 2012One Stamford Landing, Suite 214, 62 Southfield Avenue, Stamford, CT 06902 USA • Tel. +1.203.406.0109 • Fax. +1.203.406.0110

Email. [email protected] • Website. www.shipping2012.com

CANCELLATIONS: Should you be unable to attend the conference for any reason, please inform us in WRITING and a credit voucher will be issued towards any CMA product. Substitutions are welcome at any time, please inform us inwriting of substitutions. If for any reason the CMA decides to cancel this forum, CMA does not accept responsibility for covering airfare, hotel or any other costs incurred by registrants. Program content subject to change without notice.

March 19, 20 & 21, 2012


The Connecticut March 19, 20 & 21, 2012 Maritime...

Documents

Transcript of The Connecticut March 19, 20 & 21, 2012 Maritime...