elemed at Connecting Europe Conference & Exhibition
EU funded projects that contribute to Connect Europe were presented by numerous stakeholders. Motorways of the Sea initiatives focused on alternative fuels safety and ICT solutions. Greece was represented by elemed, the sole shipping electrification action presented in the Conference. The EU Commissioner for Transport Violeta Bulc during her visit in elemed stand, requested more information on the project progress and appreciated the first Onshore Power Supply (OPS) in the Eastern Mediterranean being installed in the port of Killini. She has also underlined the need for such initiatives to make good use of the forthcoming call for alternative fuels infrastructure.
This Conference has been organised by the European Commission and the Estonian Presidency of the Council with the objective to identify policy actions and financing solutions to invest in the Transport sector with the perspective of the post-2020 EU financial framework.
The next period will be full of activities, with elemed project team running risk assessment workshops for the completion of the preliminary design of the all-electric twin hull Ro-Pax vessel, and a series of visits to greek shipyards aiming at assessing them regarding their “readiness” for undertaking works for new building or converting vessels with hybrid propulsion. The following days, the public tender for the construction of the pilot OPS installation in Killini will be launched and an open event raising awareness about project work and synergies between electricity and LNG will take place in Limassol port on 28th September. The final proposal formulating an effective regulatory framework for cold-ironing and hybrid ships is about to be submitted to Greek authorities.
About elemed
Elemed (Electrification in the Eastern Mediterranean) prepares the ground for the introduction of cold ironing, electric bunkering and hybrid ships across the Eastern Mediterranean Sea corridor, aiming at eliminating emissions & noise in ports and surrounding urban area. It is a co-funded by European Union project, studying all technical, regulatory and financial issues related to the establishment of cold-ironing infrastructure, in four ports (Piraeus, Killini, Lemesos, Koper), involving three countries. Within elemed framework, the first pilot cold-ironing infrastructure in Eastern Mediterranean will be established in Killini Port.
1. Updating EU Commissioner for Transport on elemed project (from left to right: Theodore Kourmpelis, Project Service Delivery Manager, Marine & Offshore, Lloyd’s Register; Violeta Bulc, EU Commissioner for Transport; Panayiotis Mitrou, Marine & Offshore Technology & Innovation Manager, Lloyd’s Register South Europe)
2. Cypriot Minister of Transport visiting elemed stand at Connecting Europe Conference & Exhibition in Tallinn (from left to right: Theodore Kourmpelis, Project Service Delivery Manager, Marine & Offshore, Lloyd’s Register; Elpida Epaminonda, TEN-T & CEF Coordinator, Public Works Department, Ministry of Transport, Communications & Works; Marios Demetriades, Cypriot Minister of Transport, Communications & Works; Panayiotis Mitrou, Marine & Offshore Technology & Innovation Manager, Lloyd’s Register South Europe)
"Money talks but wealth whispers".
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The conference was organised by the Fraternity of the Athenian Hydriots and its President Mr John Sahinis. Mr George Tsavliris, Principal of Tsavliris Salvage Group, was the Chairman and Moderator of the 8th Annual Hydra Shipping Conference.
The 8th Hydra Shipping Conference, organised by the Fraternity of the Athenian Hydriots, was successfully concluded on Saturday, September 9th, at the Conference Hall of the Holy Cathedral of Hydra, under the auspices of the Ministry of Shipping, the Hellenic Chamber of Shipping, the Hellenic Marine Environment Protection Association (HELMEPA), the Hellenic Shipbrokers Association (HSA), the Piraeus Marine Club, the Yacht Club of Greece, the International Propeller Club of the United States and the Women's International Shipping & Trading Association (WISTA).
Inaugurating the work of the conference, the President of the Fraternity of the Athenian Hydriots, Mr John Sahinis, referred to the aims of the Fraternity, which remain the same since its foundation in 1890 such as : Interventions on national issues, preservation of the memory of Hydra’s offer to the nation and its promotion, keeping in touch with philhellenes, charity, charitable donations, protection of the environmental and architectural heritage, attracting young people to the nautical profession, supporting their future career.
Mr George Tsavliris, Principal of Tsavliris Salvage Group, Chairman and Moderator of the 8th Annual Hydra Shipping Conference, introduced the debate, themed, “Money Talks but Wealth Whispers”, and welcomed guests and visitors, saying that he wanted the Forum to be an exchange of views with an emphasis on audience participation. Mr. Tsavliris introduced speakers and panelists at this year’s Shipping conference, Messieurs Dinos Arcoumanis, Professor & Chairman of Academic Board of Metropolitan College, George Christopoulos, Vice Admiral of Hellenic Navy (Rtd) Marine Operations LAROS - Prisma Electronics, Petros Doukas, Chairman of Capital Partners SA, Babis Kalevrosoglou Information Security Manager - Aspida Cyber Security, Dr George Gratsos, Chairman HELMEPA, Dr George Pateras, Chairman of Hellenic Chamber of Shipping & Managing Director of Aegeus Shipping SA, and Dr Panikkos Poutziouris, Vice-rector of Academic Affairs & Head of School of Business & Management UCLAN , Cyprus.
Mr George A. Tsavliris , Chairman’s Concluding Remarks:
The world of Greek Shipping is bombarded by numerous factors, the prolonged economic crisis, endless shipping body and government regulations, stringent compliance rules and banking restrictions, suspicion and uncertainty. Things are constantly changing – «TA ΠΑΝΤΑ ΡΕΙ». Greed is at the root of what has brought the world where it is today – the current economic situation, the «tick in the box» CSR directives, the damage to the environment which is the result of the human hand, the imminent Cyber risk threat… are all topics that were analysed. The conclusion was that we need to try to take the word greed out of the equation for a better future for our children and generations to come. We need to look at the past so as not to repeat the same mistakes. Believe in the impossible and you can make it happen. We teach our youth that they cannot accomplish anything in life without hard work, staying focused and taking risks. The next generation needs to realise that life is a privilege not a right. Mr Tsavliris stressed the value of the 3 P’s: Passion, Perseverance and Patience. To aim everyday to do something foolish, something creative, something generous, in the words of Benjamin Graham, was the motto shared by the Chairman of this year’s Hydra Conference. We have a responsibility to give hope to the future generation, not to destroy their dreams.
With regard to the future of the traditional shipping family business, Mr Tsavliris said that a lot of the problems arise in families because the next generation is sometimes "pushed into a business" where they have no interest. We are in the position today, provided we listen to expert advice available, to formulate structures which allow total freedom for family members to choose what they wish to do in life and, above all, to do what makes them happy. There are more chances of a family maintaining continuity and a traditional business through freedom of choice for their children - by taking the initiative, encouraging them and giving them the freedom of choice. This defuses friction between family members and encourages them to support each other in difficult times - above all it encourages synergy, mutual respect and love.
Session I – The Future of the Shipping Industry
Panelists : Messieurs Petros Doukas, Dr George Gratsos, George Christopoulos, Dr George Pateras
Mr Petros Doukas, Chairman of Capital Partners SA, said that the method of financing shipping ventures has changed; new EU policies are preventing EU Banks from financing shipping on competitive terms. The IPO alternative has lost its lustre due to the prolonged weakness in the freight market. However, fund money is available at competitive prices.
Dr George Gratsos, HELMEPA Chairman emphasised that Shipping facilitates 90\% of world trade, as such it will not be going away any time soon. Dr Gratsos said that ships are price takers, not market makers. He stressed the importance of understanding shipping Supply & Demand Dynamics. To do so, we must try to understand the interests of the end receiver, the user of the commodities. All other parties are intermediaries. Technological changes can greatly affect demand. Understanding the parameters involved, Dr Gratsos stressed, reduces risk.
Mr George Christopoulos of Prisma Electronics SA, presented Maritime Big Data Shapes Decisions in Shipping. Mr Christopoulos stressed that Shipping at the moment is experiencing a data revolution like many other industries. Maritime information technology and especially maritime big data utilisation provides a new, efficient and comprehensive operation of the maritime transportation means through Information Intelligence. Mr Christopoulos presented the LAROS system by PRISMA ELECTRONICS, which establishes automatic data collection, maritime big data visualisation and analytics infrastructure that creates new business models, improves processes and reduces costs and risks. Over the next years, maritime big data empowering the ship “intelligence” is going to be the force that will determine the competency levels needed from the seafarers of tomorrow, the capabilities of ships at sea and ultimately, the future of the shipping industry. Mr Christopoulos accentuated that LAROS provides the complete framework for state of the art information driven operation of ships that drives shipping industry operations and boosts all assets of fleet management – today and for the future.
Session II – Operational Policies
Panelists : Messieurs Dinos Arcoumanis, Dr George Gratsos, Dr George Pateras
Professor Dinos Arcoumanis focused his presentation on the emerging environmental regulations for the shipping industry in the aftermath of the Paris Agreement which have been or are in the process to be imposed by the International Maritime Organisation (IMO) and the European Union. Key issues which were discussed was the global sulphur cap on shipping fuels to be introduced on January 2020, the gradually more demanding regulations on NOx emissions which require new engines and after-treatment systems, the delay for two years in the implementation of the ballast water treatment for existing ships as well as the energy efficiency-related regulations that are in the process of being introduced for the gradual reduction in the CO2 emissions towards the goals of the Paris Agreement for 2050 and the EU-driven Monitoring Recording and Validation (MRV) process for the estimation of the CO2 emissions through the measured fuel consumption over the actual distance of each ship's voyage. Dr George Gratsos provided statistics demonstrating that Shipping was the greenest of all transportation modes.
Mr Stephanos Papandreou highlighted the fact that the adoption of BWT rules was questionable because the ocean streams are moving harmful micro-organisms, mussels & other species around the world. The amount of the ballast water that is discharged by the vessels operations is much less than the water circulated through the ocean streams.
Ms Ioanna N. Vardinoyiannis pointed out that her experience in Congress has concluded that voting a new law does not mean that those who vote have the necessary knowledge to evaluate it. This is very important and should be taken into account to improve this function.
There was a positive feeling amongst the panel and the audience. It was agreed by all that the industry is over regulated. However, if there could be a common playing field and all nations and ships complied with the regulations, then it would be fair.
Session III – CSR Corporate Social Responsibility
Panelists : Messieurs Dinos Arcoumanis, Dr George Gratsos, Dr George Pateras
It was agreed by Panel and audience that CSR is a form of corporate self-regulation integrated into a business model – “a tick in the box” exercise that is essentially not part of the shipping business model. Shipping and the traditional Greek Ship owner, Chairman Mr George Tsavliris stressed –has empathy and respect for his crew, employees and their families. Mr Tsavliris said that he always refers to and thinks of his employees, not as working for him but with him, and the relationship is like one of family, where we care for, respect and support one another, for the good of the whole.
The difference and defining factor, is that we care – it is not about showing that we care by allocating an amount of money – we truly honestly care about our people and the society we live in.
Ms Yanna Pavlopoulou highlighted At the CSR Session, that “CSR became a cheap marketing tool since there was no advertisement fee «αγγελιόσημο». CSR prevailed when the carbon credits were worth 17€/tonne (now are at around 6€/tonne) but the cost of carbon allowances is expected to reach 80€/tonne. Between 2000 – 2010, some companies got major profits through ETS carbon ‘cap & trade’. Although CSR seems to have no actual business value for the shipping industry, EU MRV regulation may be a step towards entering the Carbon Market.Shipping is a targeted industry for the “Big 4” auditing firms -with 800.000 employees globally-. They could intervene at the UN consultation to provoke complicated sustainability regulations. Now CSR became mandatory for European companies over 500 employees, therefore soon the leading shipping companies will have to measure and report ESG (Environmental, Social & Governance) performance metrics, to satisfy their stakeholders. The shipping Associations could ask for a collective response on CSR requirements and urge their members to join stakeholder partnerships”.
Session IV – The Traditional Shipping Family
Speaker: Dr Panikkos Poutziouris / Panelists : Messieurs Dinos Arcoumanis, Dr George Gratsos, Dr George Pateras
The family shipping model works! However, care must be taken at the hand over between generations. Dr Panikkos Poutziouris stressed that we as individuals are different in the morning and different at night. He emphasized how difficult it is to share a business with family members. Dr Poutziouris said that ship owners are in a more fortunate position than other entrepreneurs/ business people – they can camouflage their differences by dividing their ships. He finally presented ways to settle the intra-family property relations and promote management for a shipping family company.
Dr George Pateras pointed out that there must be a distinction between wealth and cash and between voting rights and dividend rights. The actual management of the company should be passed on to the more “capable” successor, while the wealth should be distributed equally. Mr George Tsavliris concluded that we are there to give our children guidance, education, to teach them to have faith and to believe in their abilities. In the case that they do not wish to follow in the company footsteps, to encourage them to open their wings and fly. Ms Katerina Bodouroglou who was representing the younger generation of the shipping community, was called upon by the Chairman of the Hydra Conference to share her views. Katerina endorsed the comments made during this session about the need for family structures to be considered, for a successful succession.
Session V – Cyber Risks
Speaker: Babis Kalevrosoglou / Panelists : Messieurs Dinos Arcoumanis, Dr George Gratsos, Dr George Pateras
Mr Kalevrosoglou of Aspida Cyber Security, gave an example of a vessel being hacked while at sea and described the possible repercussions of such an incident. He then presented how to deal with such incidents.
Dr George Pateras admitted that while the threat ostensibly does exist to the shipping company on land, the threat is less to the ship itself, for the simple reason that the ship is not permanently connected to the internet. Furthermore, the vessel has so many backup facilities that a well-trained crew can overcome a complete computer breakdown.
Financing Risks of Vessel Modification Outside the United States
The United States Jones Act limits the transportation of merchandise by water between points in the United States in vessels built in the United States, documented under the U.S. laws, and owned by the U.S. citizens. Any vessel which is later rebuilt outside the United States will lose its coastwise trade endorsement.
A vessel is deemed to be built in the U.S. only if all major components of the hull and superstructure are fabricated in the U.S. and the vessel is entirely assembled in the U.S. (46 CFR 67.97). Prior to any work being performed on a U.S. flag vessel eligible for coastwise trading, a vessel owner must submit an application to the U.S. Coast Guard National Vessel Documentation Center (the “NVDC”) seeking determination whether the proposed work would jeopardize the vessel’s coastwise trade eligibility. NVDC regulations at 46 C.F.R. § 67.177 set out a comprehensive scheme for determining whether work done abroad constitutes foreign rebuilding, namely, the two-pronged test – the “major component test” (46 C.F.R. § 67.177(a)) and the “considerable part test” (46 C.F.R. § 67.177(b)). Under a recent Foreign Rebuild Determination Letter by the NVDC, a third element – the “cumulative effect test” – has been added to the other two tests.
Major component test
Under the “major component test” (46 C.F.R. § 67.177(a)), “a vessel is deemed rebuilt foreign when a major component of the hull or superstructure not built in the United States is added to the vessel.” Although “major component” is not defined by statute, the U.S. Coast Guard has traditionally found that objects weighing in excess of 1.5\% of the vessel’s discounted lightship weight are “major” components. The U.S. Coast Guard has consistently held that items not integral to the hull or superstructure, such as propulsion machinery, consoles, wiring harnesses and other outfitting that has no bearing on a U.S. build determination, may be foreign built without compromising the vessel’s coastwise eligibility. In Shipbuilders Council v. U.S. Coast Guard (2009), the U.S. Court of Appeals for the Fourth Circuit reinstated the determination of the U.S. Coast Guard that the proposed modification to the subject vessel would not constitute a foreign rebuilding or a foreign installation of segregated ballast tanks. In that case, the owner proposed to install an “inner hull” throughout the vessel’s cargo block and to reconfigure the vessel’s existing ballast tanks in order to meet the “double hull” standard required by Oil Pollution Act 1990. The Coast Guard ruled that the installation of the steel to form the inner hull did not constitute a “separable” component of the tanker so it did not fall foul of the “major component test.”
Considerable part test
A proposed vessel modification constitutes a “considerable part” of the hull or superstructure, pursuant to 46 C.F.R. § 67.177(b) as follows:
“For a vessel of which the hull and superstructure is constructed of steel or aluminum—
(1) A vessel is deemed rebuilt when work performed on its hull or superstructure constitutes more than 10 percent of the vessel’s steelweight, prior to the work, also known as discounted lightship weight.
(2) A vessel may be considered rebuilt when work performed on its hull or superstructure constitutes more than 7.5 percent but not more than 10 percent of the vessel’s steelweight prior to the work.
(3) A vessel is not considered rebuilt when work performed on its hull or superstructure constitutes 7.5 percent or less of the vessel’s steelweight prior to the work . . . ”
Cumulative effect test
On May 25, 2017 the NVDC issued a Foreign Rebuild Determination Letter concerning proposed modifications to be made in a foreign shipyard to the vessels HORIZON ENTERPRISE and HORIZON PACIFIC, C8 class sister ships built in 1980 and 1979, respectively (the “Vessels”). Before applying the “major component test” and the “considerable part test” to the proposed work, the NVDC found the Vessels were the subject of a 2013 application resulting in a favorable determination. The NVDC stated that, to be consistent with the intent of the Jones Act mandate, there is cumulative effect of multiple foreign rebuilding and the associated applications for determinations seeking approval of that work. In other words, the “major component test” and the “considerable part test” apply not to each application separately, but to the cumulative effect of foreign modifications to the vessel. The NVDC further stated that, in determining whether the “considerable part test” and the “major component test” have been met, the steelweight limits under the “considerable part test” for the current application should be reduced by the cumulative steelweight changes and the “major component test” should be based on the original discounted steelweight, not the steelweight reflected in the current application.
Even though in the Foreign Rebuild Determination Letter issued by the NVDC on May 25, 2017 the owner received a favorable determination from the NVDC confirming that the performance of the proposed work to the Vessels outside the U.S. would not adversely affect the Vessels’ coastwise trade eligibility, the NVDC sent a clear signal that whether a vessel has done multiple foreign rebuilds is a new factor to be considered when applying the tests, and that both tests require an analysis of the vessel’s full foreign rebuild history.
Final Thoughts
As things currently stand, therefore, and subject to the present relaxation of the rules, coastwise endorsement is a necessary prerequisite to entry into the coastwise trade in the United States. Therefore, the Coast Guard’s interpretation of the standards for determining foreign rebuilding helps the vessel owners and operators make better business plans and decisions regarding work to be performed on their vessels. As the NVDC posts U.S. build determination letters and preliminary and final rebuild determination letters on its website, vessel owners and operators may borrow others’ experience for reference. After this determination, vessel owners and operators must now take into account this new “cumulative effect” test and make plans in advance based on the vessel’s rebuild history.
Source: Reed Smith
Revenue increase, profitability improvement for PPA SA.
The turnover amounted to € 52.0 million compared to € 46.2 million in the corresponding period of 2016, showing an increase of 12.6\% (€ 5.8 million). This change is mainly due to the significant increase in revenue from the container terminal (€ 4.6 million), the revenue from the vehicle throughput (€ 0.5 million) and the income from the concession compensation of the Pier II and III to the PCT (€ 1.3 million).
The total operating expenses showed an increase of € 46.4 million compared to € 43.1 million in the corresponding period of 2016, mainly due to increased staff wages because of the Easter bonus, vacation bonus and the provision of proportion for the Christmas bonus to the Company’s employees after its privatization. The Company also paid increased concession fee to the Greek State as a result of the new agreement, according to which the percentage rate of the concession compensation was revalued to 3.5\% of its consolidated income instead of 2\%.
The profit before tax for the six months period amounted to € 8.6 million compared to € 1.8 million in the corresponding period of 2016 and after tax to € 4.4 million over € 1.6 million.
The CEO Cpt. Fu Chengqiu stated: "In the first year already, the signs of revenue recovery, cost rationalization and improved profitability appear. The first who benefit are the employees of the Company and the Greek State which receives even greater concession fee. We are moving forward with determination, loyal to our commitments and we believe that we will achieve even better results in the future".
European shipowners welcome the trade agreement between the EU and Canada
The CETA agreement will boost trade considerably between the EU and Canada. It will cut customs duties and open new markets for shipping companies such as dredging, movement of empty containers and certain transportation between Canadian ports.
"It is important for the EU to sign ambitious trade agreements such as CETA, especially in the current political climate where global and open trade is put under pressure," commented ECSA President Niels Smedegaard. "We therefore were pleased to hear European Commission President Mr Juncker's plan to strenghten Europe’s trade agenda, announced last week in his State of the Union Address. As representatives of one of the most globalised European businesses we could not agree more”, said Niels Smedegaard, President of ECSA.
“Shipping needs global trade to exist and global trade cannot exist without an efficient shipping industry. Around 80\% of world trade in goods is carried by the international shipping industry and European shipowners control 40\% of the world’s merchant fleet and operate shipping services all over the world. We also support the plan announced last week by President Juncker to set up a Group of Experts on EU Trade Agreements, and we would certainly be ready to provide our expertise on the matter”, he concluded.
http://www.ecsa.eu
Choices For Shipping As 2020 Approaches?
But in 2020, sulphur oxide emissions will be capped to 0.5\% by IMO convention, ruling out current standard grades of HFO. Both fuel consumers in the shipping industry and producers in the refining industry have now had a little time to consider the potential options to deal with the imminent regulatory change…
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SOx Appeal
Nearly a year on from the confirmation that the IMO would proceed with the 2020 global sulphur cap, there is still little certainty as to how shipping market players will react. There are options: either the demand side reacts, and owners fit SOx scrubbers, or investigate alternative fuels, or the supply side (i.e. the refining industry) finds a way to supply low sulphur compliant fuels.
So far, there appears limited take-up of scrubbers by owners (232 vessels recorded). Capex estimates for retrofits range from $1-8m, and until January 2020, such costs represent expenditure with no economic benefits outside ECAs. Similarly, potential LNG fuel retrofits may be complex, expensive and limit refuelling options. Only 369 ships are recorded as LNG fuel capable, 70\% of which are LNG carriers; another 263 are on order.
Refining Marine Fuel Demand
Most bunkers (circa 80\%) are heavy fuel oil. Roughly 5m bpd, or 45\% of world fuel oil output, ends up as marine bunkers. In general, refineries are designed to produce as little fuel oil as possible, and may use cracking/coking units to achieve this. But much of what is produced ends up as bunkers: shipping consumes a lot of the least-valued fraction (for example, a 14,000 TEU containership, spending 70\% of its time at sea at 18 knots, might burn more than 23,000t of HFO per annum).
The choice for ECAs has been gasoil (MGO) to achieve 0.1\% sulphur, and 5\% of gas oil production ends up as bunkers. However, gas oil, kerosene and gasoline are priced higher because they have uses as land/air transportation fuels. It is unlikely that come 2020, there would be sufficient volumes available of gasoil to fuel the global shipping industry. At a time of weak prices, oil companies are cutting both up and downstream capex, and appear to have little incentive to build new infrastructure to desulphurise fuel oil. Even if new refinery investment was made, refiners would be likely to prioritise additional gasoline production.
Distilling The Issue Down
So, it seems unlikely that there will suddenly be large amounts of new 0.1\% LSFO produced by refineries, nor enough distillates available for ships to run on MGO. Diverting additional gasoil to shipping would imply the payment of similar prices as onshore uses. Hence, the most likely outcome is that low sulphur compliant fuels will be achieved by blending a partial amount of gas oil into HFO, to reduce it below 0.5\% sulphur content.
So, it is still not fully clear what the state of play will be in 2020. For both bunker suppliers and owners, investment with over two years to go may be hard to justify, but an unprepared industry in 2020 might be exposed to price spikes. It may well be that a mixture of solutions initially prevails, at least until a consensus emerges over the most economic solution. Have a nice day.
Source: Clarksons
Capital Link’s 10th Annual Shipping, Marine Services & Offshore Forum took
http://forums.capitallink.com/shipping/2017london/index.html#
The Maritime Standard Awards 2017 - Finalists Revealed!
Over the past few weeks an elite panel of judges has been evaluating nominations for a total of 20 different categories for The Maritime Standard Awards 2017.
The Editor of The Maritime Standard, Clive Woodbridge, says, “The standard of entries across all categories has been extremely high this year, and we have had a record number of nominations. So it has been a very hard job for the judges to come up with a short list, but they have done so and those who are in contention for an Award are all really top quality.”
The categories than have been judged by the panel are: Safety and Security; Environmental Protection; Green Shipping; Technology & Innovation; Corporate Social Responsibility; Maritime Education and Training; Maritime Crewing and Manning; and Maritime Security. In addition there are awards for Passenger Ship, Leisure Craft and Yacht Builder; Shipyard/Ship Repair Facility; Marine Broker; Marine Insurance Company; Ship Manager; Ship Agency; Tanker Operator; Shipowner and Operator; Classification Society; Terminal Operator, Shipping Company and Port of the Year.
The full list of finalists is:
The Safety and Security Award
· Abu Dhabi Ports
· ADNATCO-NGSCO
· Bahri Ship Management Ltd. DMCC
· DNV-GL
· DP World UAE Region
· Drydocks World Dubai
· Emirates Classification Society (TASNEEF)
· Kuwait Oil Tanker Company
· Monjasa
· Oman Ship Management Company
The Environment Protection Award
· Abu Dhabi Marine Services (SAFEEN)
· Bahri Ship Management Ltd. DMCC
· Emarat Maritime LLC
· HullWiper
· Kuwait Oil Company
The Green Shipping Award
· ADNATCO-NGSCO
· Emarat Maritime LLC
· HullWiper
· Kuwait Oil Tanker Company
The Technology/Innovations Award
· Abu Dhabi Ports
· Bahri
· DNV-GL
· Kuwait Oil Company
· MAP Marine Technologies
· Marlink Communications FZ-LLC
· Simatech Shipping LLC
The Corporate Social Responsibility Award
· Abu Dhabi Ports
· Abu Dhabi Ship Building
· Chevron Shipping Company
· DP World UAE Region
· Drydocks World Dubai
· Essar Ports Ltd
· GAC Group
· Institute of Marine Engineering, Science and Technology (IMarEST)
· The Shipping Corporation of India Ltd
Shipyard/ Ship Repair Facility of the Year
· Abu Dhabi Ship Building
· Bilgin Yachts
· Drydocks World Dubai
· Inter Ocean Ship Repair LLC
The Maritime Education & Training Award
· Abu Dhabi Ports
· Abu Dhabi Ship Building
· Colombo International Nautical and Engineering College
· DP World UAE Region
· HIMT-Hindustan Institute of Maritime Training
· Institute of Marine Engineering, Science and Technology (IMarEST)
· Jordan Academy for Maritime Studies
· Kuwait Oil Tanker Company
· Mercantile Seaman Training Institute Ltd.
· Oman Shipping Company S.A.O.C
· Synergy Group
· The Shipping Corporation of India-Maritime Training Institute
Marine Broker of the Year
· Bush & Noble Yacht Brokerage
· Maersk Broker Middle East DMC EST
· McQuilling Shipping Services DMCC
The Marine Crewing and Manning Award
· Liberty Manning Services Limited
· MMM - Mercmarine Crew Management
The Maritime Security Award
· Al Safina Security
· Alphard Group of Companies
· Ocean Marine Security Consultant Pvt Ltd
The Passenger Ship, Leisure Craft and Yacht builder of the Year Award
· Bilgin Yachts
· Dutch Oriental Megayachts LLC
· Gulf Craft
· Ribcraft Middle East
Marine Insurer of the Year
· General Insurance Corporation Of India (GIC Re)
· Islamic P&I Club
· The New India Assurance Co Ltd
Ship Manager of the Year
· Arka Global Marine Services LLC
· Bahri Ship Management Ltd. DMCC
· Centennial Maritime Ventures Pte Ltd
· Emarat Maritime LLC
· Gulf Navigation Holding PJSC
· The Shipping Corporation of India Ltd
Ship Agency of the Year
· DTA Ship Agency (LLC)
· GAC
· Seamaster Maritime LLC
· Sharaf Shipping Agency
Tanker Operator of the Year
· ADNATCO-NGSCO
· Bahri Oil Transportation
· Emarat Maritime LLC
· Gulf Navigation Holding PJSC
· Kuwait Oil Tanker Company
· Tristar Shipping
Ship Owner/Operator of the Year
· Bahri/NSCSA
· COSCO Shipping Lines CO., LTD.
· Emarat Maritime
· Gulf Navigation Holding PJSC
· The Shipping Corporation of India Ltd
· Tristar Shipping
Classification Society of the Year
· American Bureau of Shipping (ABS)
· DNV-GL
· Emirates Classification Society (TASNEEF)
Terminal Operator of the Year
· Abu Dhabi Terminals
· DP World UAE Region
· Essar Ports Ltd
· Gulf Stevedoring Contracting Co. (GSCCO)
Port of the Year
· Abu Dhabi Ports
· Adani Ports and Special Economic Zone Limited
· Cochin Port Trust
Shipping Company of the Year
· Bahri/NSCSA
· COSCO Shipping Lines CO., LTD.
· Emarat Maritime LLC
· GMS (Dubai)
· Gulf Navigation Holding PJSC
· Maersk Line
· The Shipping Corporation of India Ltd
· Tristar Shipping
In addition to the Awards chosen by the judging panel, based on nominations received, there will be a number of individual awards selected by The Maritime Standard. These include Deal of the Year; Young Person in Shipping; Woman in Shipping; TMS Excellence in Shipping; Editor’s Choice; Outstanding Achievement, Personality of the Year; Life Time Achievement; and Hall of Fame Awards.
This year’s The Maritime Standard Awards will have more than a touch of Bollywood glitz and glamour, as it has been confirmed that actress, model and former Miss Universe, Lara Dutta, will host the event. The Maritime Standard Awards is a high profile, glittering and unique event that aims to recognise exceptionally high levels of achievement in the shipping, ports and related industries in the Middle East and the Indian Subcontinent. The finalists have been chosen from over 160 nominations received this year, a record number.
The selection of these shortlisted companies and organisations has been carried out by a respected, independent judging panel, based on the ability to demonstrate high levels of quality and performance against the particular criteria set for each category. The Maritime Standard Awards 2017’s judges comprises of experienced, well respected individuals that have been drawn from many different fields, they are:
· Clive Woodbridge, Editor, The Maritime Standard (Chairman of the Judging Panel)
· Mohammed Ali Ahmed, COO, DP World UAE Region
· Ali Shehab, Deputy CEO, Kuwait Oil Tanker Company
· Abdulkareem Mubarak Ahmed Al Masabi, Vice President- Ports Unit, Abu Dhabi Ports and Chairman, Abu Dhabi Terminals
· Tarik Al Junaidi, CEO, Oman Shipping Company
· Capt. Anoop Sharma, Chairman & Managing Director, The Shipping Corporation of India Ltd.
· Arun Kumar Gupta, Managing Director, Indian Ports Global Ltd (IPGL)
· Rajiv Agarwal, CEO and Managing Director, Essar Ports Ltd
· Capt. Jitendra Misra, Managing Director, Emarat Maritime LLC
More information about The Maritime Standard Awards, and how to book a table to attend this prestigious event, can be found by going to www.tmsawards.com
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| H.H. Sheikh Ahmed Bin Saeed Al Maktoum, President, Dubai Civil Aviation Authority and Chairman and Chief Executive, Emirates Airline and Group (centre), (left to right) Noura Rashed Al Dhaheri, Abu Dhabi Ports; Ray Girvan, Glenbuck Publishing; Clive Woodbridge, The Maritime Standard; Yasser Nasr Zagloul, National Marine Dreding Company; Rajiv Agarwal, Essar Ports; H.E. Shaikh Daij Bin Salman Al Khalifa, Arab Shipbuilding and Repair Yard; Rania Ali; Khamis Juma Buamim, Gulf Navigation; Ali Lakjani, Dubai Trading Agency; Dr. Abdullatif Abdullah Bin Sultan, Organisation of Islamic Shipowners Association; Jim Clancy. |
About The Maritime Standard
The Maritime Standard (TMS), a wholly-owned subsidiary of Flagship Events LLC, publishes a regular e-newsletter aimed specifically at the shipping and maritime community. It is delivered fortnightly, on the 1st and 15th of every month, and has built up a circulation of more than 40,000 recipients. It delivers the most accurate, up-to-date news about the market and has built up the largest circulation of any shipping-related online newsletter in the Middle East and India. It is also gaining popularity in other major shipping hubs, including Oslo, Hamburg, Singapore, London and Greece. The newsletter includes news and analysis from the shipping and ports industries and related sectors in the Middle East and Subcontinent. Topics that are covered include tanker shipping, container operations, dry and liquid bulk trades, ro-ro, and cruise shipping. In addition there is up to date information about regional terminal operations; port development; classification; ship repair and conversion; shipbuilding; ship agency; finance and insurance; maritime law; and transportation & logistics. The newsletter regularly carries exclusives, analysis and interviews with top executives.
TMS also publishes the very successful TMS UAE Yearbook. The first 2016/17 edition was followed by a second volume covering 2017/18, that was launched in July this year. Covering key developments across the country’s maritime sector, the annual publication aims to publicise the UAE’s achievements both locally and internationally, through in depth articles, researched first hand. These cover all the major sectors of the shipping, ports and maritime industry in the UAE. The articles, on terminals, shipping companies, shipyards, maritime law firms, classification, regulators and inland transport firms, among others, have been well received by the industry as a year round reference point. The Maritime Standard UAE Yearbook 2017/18 is a must-read publication for everyone interested in UAE maritime issues, and can be downloaded by going to: http://www.themaritimestandard.com/uae-yearbook- 2017-18.
The not-to-be missed The Maritime Standard Awards recognise and celebrate success in the shipping, ports and related sectors across the Middle East and Indian Subcontinent. The fourth edition, The Maritime Standard Awards 2017, take place on Monday, 23rd October 2017 at The Atlantis, The Palm, Dubai.
The Awards are now positioned as one of the world's leading shipping and maritime awards gala dinners and are the premier event of their kind in the region. Each of the three events to date have been under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, and have each attracted close to 700 of the region's elite shipping and maritime professionals, as well as a number of leading figures from overseas. These guests have come from a variety of industry segments, ranging from ports and terminal operators to ship owners and managers, and executives from the worlds of maritime law and finance, classification, ship building and repair and maritime education and training.
The 2017 TMS Awards event, which will be hosted by the well-known actress and model, Lara Dutta, will see 21 general awards presented, following the recommendations of an elite, independent judging panel, as well as a number for special individual awards recognising the contributions made by high profile industry leaders and innovators. The Awards have set a benchmark within the industry and have become an eagerly anticipated meeting place for top executives from across the business, where they can meet, network and create new opportunities. Website: www.tmsawards.com
TMS organises two market leading one day conferences: The TMS Tanker Conference and the TMS Ship Finance and Trade Conference. The second TMS Tanker Conference will take place on 24th October 2017 at the Grosvenor House Hotel, Dubai. Presentations will be given by many of the region's leading tanker owners and operators, as well as experts in related fields. Attendees will include key decision makers and opinion formers who will be given a unique insight into the challenges and opportunities that exist, not just for ship owners and operators active in the tanker markets, but those delivering products and services to this sector. For more information about the 2017 event, please go to the website: www.tmstankerconference.com
The third TMS Ship Finance and Trade Conference will take place at the Sheraton Abu Dhabi Hotel and Resort, on November 8th 2017, building on the success of the first two events, in 2015 and 2016 respectively. The Conference will bring together experts from the fields of shipping, ports, banking, finance, trade and maritime law, among others, to discuss and debate the key issues and trends facing the shipping business, and trade, in the Middle East and the Indian Subcontinent. They will share their insights and knowledge through a series of presentations and panel discussions, signposting the way forward. Attendees will have a unique opportunity to hear from a high level panel of speakers about the key challenges ahead, as well as the significant opportunities that exist. For more information please go to: www.tms-shipfinanceandtrade.com
Four weeks from our Marine Money Greek conference
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- Are we close to cyclical bottoms in any shipping sector and is now the time to invest?
- Is regular finance still available for Greek shipowners? Are alternatives available in other geographies and using other structures?
- Will the new banks provide fresh finance and what are the terms?
- What is the new reality in ship finance? What affect will portfolio sales have on clients and their banks?
- Can risk be fully guarded against and how can owners and their banks feel comfort doing huge long term deals?
Piraeus Maritime Hackathon
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“Put together the creativity, agility and resourcefulness of tech entrepreneurs with the technology, insights and skills of SetelHellas & Bluegrowth experts to create the best solutions.
For us, being the protagonist for a changing world means anticipating changes and transforming them into opportunities. We know that amazing things come up when you work in a team, that’s why we want to team up with today’s brightest minds. ”
Do you like to invent and create new things in a team?
Then you are welcome to join this full day event on the 19 of October 2017, create and pitch your idea. Did you always like to turn certain challenges into reality and to work together in a team? Then this event is amazing opportunity for you. You'll join a lot of other nerds/geeks/super hero's/ designers/developers etc. to turn a certain "challenge" into an amazing prototype that you can pitch at the end of the hackathon.
The theme of the hackathon will be " Unlock The Business Value of Digital Ship" which is based on a SetelHellas’ SmartBox-V ™ NID (Network Intelligence Device).
We will stay up all day designing, developing, learning and having some fun! We’ll supply the internet, software APIs, food, soft drinks and fun diversions. You bring your laptop, appetite, skills and ideas.
There will be sponsors and mentors from many organizations available to make this day an amazing success for you. At the end of the hackathon you'll have to pitch your idea with your team and a jury of maritime and tech professionals will judge your prototype. You can win several great prizes and meet a lot of new people! In short, just an amazing experience that you can be proud of!
What about Teams?
Teams consist out of 5 or less people. You can also join alone but this could be pretty boring, so we advise you to search for a team :-)
This sounds awesome, where can I register?
At the top of the page there is a big fat "Register now" button. You can click that if you want to participate :-)
My email is required?
Yup! To keep you updated we need an email, no worries we will not spam you. If it's a great success we may want to see you next year.
How much does it cost?
Thanks to our sponsors it's absolutely free to participate.
Outline Programme – 19th of October
09.00 - 11.00
- Match-make - With whom will you work? Individuals will be matched to appropriate teams
- Ideate - What will you work on? Ideas and challenges will be presented and exchanged
- Create - Teams will deliver a first pitch of their solution
11.00 - 16.00
- Create - Teams will deliver a second version of their solution
- Validate - Assumptions will be validated with external users
- Iterate - Refine and revise solutions
16.30 - 18.00
- Iterate - Further refine and revise solutions based on validation and coaching feedback
18:30 – 20:30 Piraeus City Council
- Pitch - Teams will present their solution in a short pitch presentation
- Close – Keynote Speaker: From a good idea to a success story
Prize-giving followed by evening networking event
For further details click here!
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