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Changing handsNew owner for Piraeus Port Authority
Published in association with
J U N E 2 0 1 6
1
Contents3. Cosco takes control of Port of Piraeus
4. Greek Shipping: Still on top
7. Cause for celebration: 100th anniversary of UGS
9. ‘Maritime’ Lord Mayor to attend Posidonia
11. POSIDONIA UPDATE: 2016 event to be the biggest yet
17. Class plays an active role
19. LR: supporting clients across the region
21. VPS calls for ‘vigilance’ on new ECA fuels
23. American Club: ‘Committed to high-quality, personalised service’
24. Y-Generation coming onboard
CHAIRMAN: Chris Hayman FOUNDER: Themis Vokos
Published in June 2016 as a supplement to Seatrade Maritime Review
GENERAL MANAGER: Andy WilliamsPUBLISHER: Mary BondEDITOR: Bob JaquesCHIEF WRITER: David Glass
DESIGN & PRODUCTION:Amanda Sebborn-ConnellyLibby Isted
INTERNATIONAL SALES: Luke Perryemail: [email protected]
HEAD OFFICESeatrade House, 42 North Station Road,Colchester CO1 1RB, UKTel: +44 1206 545121 Fax: +44 1206 545190Editorial: [email protected]
MIDDLE EAST Richard Johnson, Sales Manager Middle Eastemail: [email protected]: +971 4 324 5344
SINGAPORE Clara Wong, Senior Regional Sales Manager, South East Asiaemail: [email protected]: +65 6592 0888 ext 246
HONG KONG Mainak (‘Victor’) Halder,Regional Sales Manager Asiaemail: [email protected]: +852 2827 6211
SHANGHAILi Xiaoli, Executive VP, Chinaemail: [email protected]: +86 139 1772 7671
AMERICAS Christophe Cahen, Regional ManagerCentral and South Americaemail: [email protected]: +1 786 879 7765
© Seatrade Communications Ltd 2016
Although every effort has been madeto ensure that the information in thispublication is correct, Seatrade Communications Ltd accept noliabilities for any inaccuracies.
Published in association withShipping and the Greeks
Seven years of economic downturn have had a harsh impact on worldshipping and lead shipowning nation Greece in particular - although visitorsto this year’s largest ever Posidonia exhibition and supporting events might beforgiven for thinking otherwise.
The national debt crisis and forced austerity measures have compounded thelocal maritime community’s discomfort, as has the recent calamitous fall inthe dry bulk market, traditional preserve of many Greek owners.
But fresh developments could bring an uplift effect, not least China’s taking acontrolling stake in Port of Piraeus Authority - the subject of our Cover Story.
The PPA workforce is understandably anxious but Cosco’s involvement inPiraeus Container Terminal has already led to a tremendous improvement inboth volumes and productivity, while China’s selection of Greece as theEuropean landing point for its new Maritime Silk Road strategy holds outfurther promise.
Other articles in this issue focus on the state of the Greek fleet, 100thanniversary of the Union of Greek Shipowners, class societies’ burgeoningactivities in the country, the Y-Generation of budding maritime professionals inAthens… plus of course some of the personalities and products to befeatured at this year’s Posidonia, proof enough that shipping is firmlyentwined in the Greek DNA.
J U N E 2 0 1 6
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3
Some seven years in the making, China Ocean ShippingCo (Cosco) on April 8 signed an agreement to acquire theoperation of Piraeus port, long seen as the key gateway toEastern and Central Europe for China to cement itscommercial and cultural presence in the wider Europe.Piraeus will serve as a hub for Asian commercial activitygenerally.
Though at the middle of May there were still a few wrinklesto be sorted out, sale of the majority stake in Piraeus PortAuthority (PPA) to Cosco seemed a done deal. With a fewexceptions the agreement is heralded as marking a newera, not only for Greece’s largest port, but for Sino-Greekand European relations generally.
The Chinese company is already well known in Greece. InOctober 2009, Cosco Pacific took over container piers IIand III in the port under a 35-year concession and sincethen, Cosco has increased the annual container volumenearly 10-fold to 4m teu to become a jewel in Cosco’sinternational port operations. The concession has alreadypoured some $100m into Greek coffers.
Stergios Pitsiorlas, chairman of Greece’s privatisation fund(Taiped), signed the $420.12m deal with China CoscoShipping (CCS) chairman Xu Lirong, giving the Chinesean ultimate 67% stake in the PPA and overall managementof the port.
‘The agreement marks the dawn of a new day for Piraeusand Sino-Greek relations and this is a very importantdevelopment for Greece with positive prospects,’Pitsiorias stressed.
CCS’ Xu said Greece stands to benefit from China’sgrowing global influence, while the portof Piraeus can play a pivotal role in thedevelopment of the country’s economy.‘Greece will have many benefits fromChina’s growing influence and power inthe global market,’ said Xu.
Greek Prime minister Alexis Tsipras, whoattended the signing, said the dealwould be the start for a series of newinvestments, adding the Greekgovernment wants to protect workingconditions and the environment.
Greek president Prokopis Pavlopoulosechoed the hope for more investmentsto come, saying ‘Greece will help Chinacome closer to the EU, so both canbenefit greatly from this partnership’.
Cosco is committed to spending some $300m onupgrading the port and Xu said the company plans toinvest in maintaining the shipbuilding infrastructure, seeka greater share in the cruise sector and organise coastalshipping. He also assured the company will ‘pay greatattention’ to the labour relations to ‘provide the bestworking conditions’ to the employees.
Labour relations has been the source of protests anddemonstration by port workers fearing they will lose theirjobs as it has long been claimed the port is over-staffed.However, with Cosco vowing to increase volumes theexisting staff may simply just have to work harder.
Also worth noting is that Chinese port and railwayprogrammes are closely linked and tend to stimulate eachother. The successful growth of Piraeus’ containerbusiness has led to the need for improved railwayinfrastructure into the Balkans and Central Europe, whichwould serve as an overland connecting link in China’s‘Belt and Road’ plan.
Ten days after the Piraeus deal, Serbia launched a projectto modernise its train line to Greece through Chinesemanufacturer CRRC Zhuzhou.
Cosco takes control of Port of PiraeusChina has secured its European terminal forPresident Xi’s ambitious ‘One Belt, OneRoad’ strategic initiative to build a modern-day version of the ancient ‘Silk Road’, writesDavid Glass
Historic signing ceremony
Cosco to assume management of entire port
4
As the shipping community gathers foranother Posidonia, Greek owners todaycontrol some 18% of world tonnage, with a333m dwt fleet on the water and a further40m dwt on order, according to recentstatistics from Clarksons Research.
In the league table of ship owning nations,Greece has again landed the top spot in2016. With a fleet size of 196m gt, Greekowners have a global market share of 16%(by gt), followed by Japan (13%), China(11%) and Germany (7%).
In recent years this lead ownership positionhas been consolidated, with the Greek fleetgrowing by 10% in 2015 - the mostsignificant growth of all major owningnations (see graph).
Aggregate growth since 2009 is even moresignificant — some 70% in tonnage terms.
The big loser in market share in recent yearshas been Germany, while China’saggressive growth in the immediateaftermath of the financial crisis - the Chinesefleet doubled between 2009 and 2012 assolutions were found to distressed shipyardorders - has since been replaced with moremoderate growth.
Unsurprisingly, Athens / Piraeus also featureas the largest owning cluster globally, withTokyo, Hamburg, Singapore and Hong Kong/ Shenzhen making up the top five.
Greek owners remain the classic ‘crosstraders’, developing their market leadingposition as the bulk shipping systemevolved in the second-half of the twentiethcentury. Today, the Greek owners’ share ofworld fleet at 16% compares to a seabornetrade share for Greece less than 1%. Bycontrast, Chinese owners control 11% of theworld fleet relative to the Chinese economycontributing 16% to seaborne trade.
Although a number of Greek owners havediversified into other shipping sectors,generally Greek owners have focused on the‘wet’ and ‘dry’ sectors. Today, the Greek fleetis predominantly made up of bulk carriers(47% by gt) and tankers (35%) with thiscombined bulk share hovering around 85%of the Greek fleet for most of the past 20years.
There has been some recent developmentof the Greek-owned container fleet (growingto a 11% share of Greek shipping) and gas(growing to a 4% share) but this is stillgenerally limited to a handful of owners. Bycontrast, Norwegian owners have trendedtowards more specialised vessels such asoffshore and car carriers, while the German
fleet has remained firmly liner focused.
With a few exceptions, it seems to havebeen very much a case of ‘sticking to whatyou know best’ for Greek owners.
Asset PlayersGreek owners have also retained their roleas shipping’s leading asset players andtoday operate a fleet with a value of some$91bn - actually third in the rankings behindthe US, due to the value weighting of thecruise fleet, and Japan.
In 2015, Greek owners were the number onebuyers - followed by China - and numberone sellers - followed by Japan andGermany - in the sale & purchase market.
Greeks are not quite so dominant in thenewbuild market and in 2015, Greek ownerswith $6.9bn of orders trailed Japan($13.1bn) and China ($10.7bn) in theinvestment rankings. This is reflected inGreek owners having an aggregateorderbook of 13% of the fleet compared to16% for the global fleet.
Other facts and figures compiled from theClarksons Research database include thatABS is the leading class society to Greekowners (48.6m gt), followed by LR (35.8mgt), DNV-GL (33.5m gt) and NK (31.1m gt),while the Greek flag still remains dominant(40.2m gt) ahead of Liberia (37.1m gt) andMarshall Islands (34.5m gt).
As regards shipbuilders for the Greek ownedfleet, HHI has built the largest number ofvessels (286 ships), while South Korea hascontributed the largest share of cargo-carrying tonnage (148.7m dwt) ahead ofJapan (84.5m dwt) and China (81.8m dwt).
Greek shipping: Still on topDespite the many domesticand market challenges facingthe Hellenicmaritimecommunity,Greece hascontinued tostrengthenits positionas largestship owningnation. By Steve Gordon,managing director ofClarksons Research
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7
This year the Union of Greek Shipowners(UGS) celebrate their 100th anniversary, and itis very fitting that such an event takes place atthis point in time when Greek shipping holdsthe No. 1 position in the world, with the biggestfleet ever, whilst at the same time being first invarious individual sectors.
Last year the Greek Shipping CooperationCommittee (GSCC) also celebrated the 80thanniversary of their existence.
Warm and sincere congratulations to boththese bodies for what they have achieved.
The UGS has an excellent track record ofleadership and organisation of a group ofshipping people that admittedly are fiercelyindependently minded, and yet have workedtogether for decades to achieve what isuniversally called ‘the Greek miracle’.
They and their shipowner members, however,have had an excellent beginning whenThemistocles, after he was elected Archon ofAthens in 493 BC - and only becauseCleisthenes had been instrumental inestablishing democracy in Athens just 15 yearspreviously in 508 BC - laid the foundations ofwhat I would call, modern Greek shipping.
The maritime policies of Athens, because ofThemistocles, were the first in history to
provide regulations for the shipping industry.Athens invoked protective, political andfinancial measures to expand and sustain theirmaritime superiority, their shipping industry andsea trade. Within this system the individualinitiative was free to act and free from anyintervention by the state.
This was a legacy that stood the test of timethroughout the centuries that followed andplayed a pivotal role in the War ofIndependence in 1821 as well as during theFirst & Second World Wars in more recenttimes.
The current state of Greek shipping is healthy,because there has been a huge investmentprogramme, both for renewal andmodernisation, but also for improving theircompetitive advantage. Its relation with thegovernment of Greece and the EU has been,and continues to be, one of support, whilstthey also have an earnest wish to strengthenboth their own nation as well as the EU.
Greek shipping does not receive any financialsupport from the state, only moral support, aswell as appropriate legislation which affordsthem the opportunity to competeinternationally. Greek shipowners want to stayin Greece, they love their country, they havealways strived to be loyal to their homeland,and their history proves it.
Their expertise is unparalleled because of thesimple fact that they have stayed close to theship throughout the centuries and this is anattribute that has stood them well during thelast two and a half thousand years.
The UGS have been instrumental in offeringguidance and support, cohesion and a strongvoice, and so has the GSCC, both asmembers of the international shippingcommunity, but also because of theirinvolvement with the world’s many prominentassociations for shipping.
Many Greek shipping people through the UGSand GSCC have been members as well asleaders of many of these international shippingassociations, thus the strength of Greekshipping under the leadership of the UGS andthe GSCC has benefited, not just theirmembers, but also the shipping industryworldwide.
Cause for celebrationEminent shipowner and historian Dr Spyros Polemis offers thisappreciation of Greek shipowners on the occasion of thecentenary of the UGS and 80th anniversary of the GSCC
Current UGS president TheodoreVeniamis believes that Greece’sshipping sector is under economicattack. With the European Commissionstill demanding a re-vamp of Greece’stax laws, and especially thosegoverning shipping, companies havebeen exploring re-locating to morefavourable regimes, inside the EU andoutside, he warns.
Furthermore, were the EC to get itsway and force a tax change this couldrequire a re-writing in part of the Greekconstitution, say some observers, asthe maritime sector is specificallyprotected on the grounds it is a vitalcontributor to the nation’s economyand protector of its overall welfare.
Veniamis maintains that Greekshipping is not only in the highest taxbracket in Europe but its tax system isthe model on which other Europeancountries have based their own,rendering the EC’s position‘hypocritical’.
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This year he will be visiting Posidonia,accompanied by the UK Shipping minister, aspart of a concerted effort to promote the UKmaritime industry, since as Jeffrey Mountevanshe has spent all his business career as a gastanker broker with what is now ClarksonsPlatou. Mountevans also chairs UKpromotional body Maritime London, and hasdeclared a ‘maritime’ theme to his year’smayoralty.
‘I’m looking forward enormously to Posidonia,’he tells Hellas Maritime. ‘Previous Lord Mayorshave been several times before, as I havemyself… but I’m particularly looking forward tovisiting the show this year as a ‘maritime’ LordMayor and trying to build on strong links thatexist with the business community.
‘Markets are pretty horrible at this time,’ hecontinues, ‘but I have good faith in the Greekshipping community to come through this. Ihave been a great admirer, in my 44 years as ashipbroker, of how Greece has given birth tosucceeding generations of shipowners whohave made a success of this at-times-challenging industry.’
Mountevans recently launched a new UKMaritime Professional Business Servicesreport compiled by PricewaterhouseCoopers(PwC) which highlighted what he called ‘the
wealth of expertise that the UK has in termsespecially of maritime lawyers, insurers,education and training, and of course financialservices. These include specialised areas likeP&I Clubs, average adjusting, arbitration andnaval architecture, so there is great breadthand depth to the offer and it’s a ‘one stopshop’ which makes it very attractive.’
‘Having been Lord Mayor for six months now Ihave travelled the world and realise how muchpeople value working with Britishprofessionals. They have great respect for ourhonesty and integrity, and the quality of ourwork.’
How important does he feel it that London andthe UK should have strong shipowning as wellas maritime services base?
‘Shipping entrepreneurs always having been avital part of our maritime landscape in the UK,’replies the Lord Mayor, ‘and although we havelost some, industry is working very hard withGovernment to retain those that are here andindeed to attract some new business to theUK. We have seen some of that recentrecently and are hopeful we’ll see moreshortly.
‘The London Greek community is hugelyvalued and appreciated,’ he continues. ‘I’ve
had a professional lifetime in shipping and I’vehad the pleasure of working with the Greekcommunity especially in gas shipping, wherethey have become more involved recently.Industry is engaging with Government to seehow we can do all we can practically within thescope of government policy to make surethese important members of our communityremain here.’
The Lord Mayor also refers to the Greekcommunity’s enjoyment of other aspects ofLondon life, including its parks, restaurantsand cultural attractions, as well as its high-class schools, universities and maritimeinstitutes – including the Cass BusinessSchool with its MSc in Shipping, Trade andFinance run by ‘my old friend and colleague’Costas Grammenos, ‘which in my book is theforemost such course in the world.’
9
‘The City of London Corporation is an apolitical body,’ LordMountevans replies, “ and we’re unique in that respect. But wedebated the matter and decided we would take a publicposition on this, and a strong majority came out in favour ofremaining. So the City’s position is ‘we want to remain in areformed EU’.
“But if the UK were to vote to leave, the City would still be a
strong financial centre with a new set of challenges that wewould address.’
The Lord Mayor will beaccompanied on his trip byUK Shipping minister RobertGoodwill, who on a recent visitto the new deepwaterLiverpool2 container terminaldue to open this autumnpledged that “the Governmentwill continue to offer its fullsupport to the maritimeindustry, a sector which isvitally important to the UKeconomy.’
Are the Lord Mayor and City of Londonconcerned about the possibility of Britainvoting to leave the European Union in the June23 referendum – the so-called Brexit option?
Lord Mountevans, Lord Mayor of London
‘Maritime’ Lord Mayor
to attend PosidoniaLord Mountevans is this year’s Lord Mayor of the City of London,heading up the UK capital’s financial district known as ‘the City’(and not to be confused with the separate Mayor of London)
Brexit and the City
Robert Goodwill, UK Shippingminister
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Friday 10 June
Official Posidonia Conference ProgrammeEventOrganiser Venue Contact OrganiserTime
[email protected]; [email protected]
Press Conference Posidonia Seminar Room 1Union of Greek Shipowners
Cyprus: sailing to the future... Solutions for the Shipping Industry Posidonia Seminar Room 2Christodoulos G. Vassiliades & Co. LLC
Posidonia Seminar Room 2BMission to Seafarers
[email protected] shipping in the international competitiveenvironment: opportunities and challenges
Posidonia Seminar Room 1Economia group
Master the Seas, the EFQM Marine Framework Posidonia Seminar Room 2Hellenic Management Association (EEDE)
Tuesday 7 June
Monday 6 June
11:00 - 13:00
11:00 - 13:00
11:00 - 13:00
[email protected]: Developing resilient safety cultures Posidonia Seminar Room 3 - Sponsored by UKHOGreen-Jakobsen 11:00 - 13:00
[email protected] Posidonia Seminar Room 2The Carbon War Room 15:00 - 17:00
13:00 - 15:00
[email protected];[email protected]
Young Executives Shipping Forum Posidonia Conference HallThe Canvas/ Open Mind Group 12:00 - 17:00
13:00 - 15:00
[email protected] and Guide to the Registration of Ships under the Malta Flag &Related Legal Aspects
Posidonia Seminar Room 3 - Sponsored by UKHOAML - Atlantis Management LTD 13:00 - 15:00
[email protected] and Trends in the Maritime Industry Posidonia Seminar Room 2BDepartment of Maritime Studies/University of Piraeus
13:00 - 15:00
[email protected] Education, Research and Consulting Services in Naval Architecture andMarine Engineering
Posidonia Seminar Room 2BDepartment of Naval Architects ofTEI-Athens
15:00 - 17:00
[email protected] Law and Technology: Current developments Posidonia Seminar Room 3 - Sponsored by UKHOCity University London/ Hellenic Lloyd's Register 15:00 - 17:00
Thursday 9 [email protected] Water Management Summit followed by an Argo Navis workshop on Posidonia Conference HallNewsfront/ Naftiliaki under the auspices
of MARTECMA
Vessel Lifecycle Maintenance Service OceanLink (Connected Smart Ship) Posidonia Seminar Room 2 Hyundai Heavy Industries
Shipping Telemedicine & Assistance Posidonia Seminar Room 2Allianz Global Assistance (AGA)
SEA… YOUR FUTURE Key stakeholders' perspectives of the shipping industry
Posidonia Seminar Room 1ALBA Graduate Business Schoolat The American College of Greece
Posidonia Seminar Room 2Technomep
[email protected]; [email protected]
Trading in U.S. Waters | Ensuring a Culture of Environmental Compliance Posidonia Seminar Room 1US Embassy in Athens | North American Marine Environment Protection Association (NAMEPA) | American-Hellenic Chamber of Commerce
[email protected]; [email protected]
10:00 - 19:00
11:00 - 13:00
parties in the wider maritime communityPosidonia Seminar Room 2B Societies (IACS) [email protected]:00 - 13:00
The Medical Care Process Onboard Posidonia Seminar Room 2B Med Solutions International – ShipMedical Ltd [email protected] By invitation only 13:00 - 15:00
10:30 - 14:30
[email protected] for Ordering Valves Posidonia Seminar Room 3 - Sponsored by UKHOAtlas Marine Valves Co. Ltd. 13:30 - 15:[email protected];[email protected]
Hull Performance Solutions / ISO standards Posidonia Seminar Room 1Jotun Hellas Ltd. 14:45 - 16:45
[email protected] Growth Posidonia Seminar Room 2Aephoria.net 13:00 - 15:00
15:00 - 17:00
AIS and how to extract value for business intelligence: a practical guide for ship operators Posidonia Seminar Room 2Β 15:00-17:00
17:00 - 19:00
17:00 - 19:00
[email protected]; [email protected] in Shipping: EQ Training, and Ship Manning & Safety Posidonia Seminar Room 2ΒI.M.E.Q. Innovative Maritime EQ Center 17:00 - 19:00
[email protected] ECDIS Posidonia Seminar Room 3 - Sponsored by UKHO 11:00 - 13:00
[email protected] with ECDIS Posidonia Seminar Room 3 - Sponsored by UKHO
TradeWinds TradeWinds Shipowners Forum Posidonia Conference Hall [email protected]
[email protected];[email protected]
DNV GL
DNV GL Press Conference
Posidonia Seminar Room 1
[email protected];[email protected]
Veritas Petroleum Services
A Comprehensive Guide for Handling Fuel Quality Issues & Challenges
Posidonia Seminar Room 2
Ports Supply Chain Security: The MEDUSA and MITIGATE approach Posidonia Seminar Room 2Singular Logic/University of Piraeus ResearchCenter (UPRC)
Raising Awareness Poseidon Med II Posidonia Seminar Room 2Poseidon Med II
INTERTANKO Tanker Vetting Forum(Only for INTERTANKO members)
Hilton Galaxy Room
11:00 -16:00
Capital Link 5th Analyst & Investor Day - Capital Link Shipping Forum Astir Palace [email protected]:00 - 16:00
10:30 -12:30
11:00 - 13:00
Living with ECDIS Posidonia Seminar Room 3 - Sponsored by UKHO
Implementing ECDIS Posidonia Seminar Room 3 - Sponsored by UKHO 11:00 - 13:00
15:30 - 17:30
[email protected]; [email protected] companies and MNU of Korea Posidonia Seminar Room 2B 11:00 - 13:00
15:00 - 17:00
Isalos.net, with the supportof Aikaterini Laskaridis Foundation
Presentation skills workshop: how to attract an HR manager’s attention -Shipping HR Managers revisit Myths and Facts
Posidonia Seminar Room 2Β
Japan Japanese Shipbuilding and Ship Machinery Technology Seminar Posidonia Seminar Room 1
By invitation only/For enquiries: [email protected]
UK Trade & Investment, British EmbassyAthens – London Stock Exchange
The future of shipping: London’s Equity markets as a source for growth & accessto capital
Posidonia Seminar Room 3 - Sponsored by UKHO 13:30 -15:15
17:00 - 19:00
[email protected];[email protected]
Accelerating the maritime industry with cloud and mobility solutions Posidonia Seminar Room 2BMicrosoft Hellas 15:00 - 17:00
Greek Shipping and Global Trade Posidonia Seminar Room 2BGreek Economic Forum 17:00 - 19:00
10:30 - 15:30 [email protected]
INTERTANKO Gas Forum(Only for INTERTANKO members)
Posidonia Seminar Room 1 [email protected]
University of Strathclyde Inspection Capabilities for Enhanced Ship Safety (INCASS) Workshop Posidonia Seminar Room 2 [email protected]
[email protected]@gottliebinternationalgroup.com [email protected]
LNG state of art - RINA perspective Posidonia Seminar Room 1RINA Hellas
Posidonia Seminar Room 2Rolls-Royce Marine
Maritime VSAT: Buy Now or Wait for Tomorrow? Posidonia Seminar Room 1Gottlieb International Group and Speedcast Ltd. Solutions for new merchant shipping ERA & Gas ERA Posidonia Conference HallWärtsilä
10:00 -14:00
11:00 -13:00
HEMEXPO – Hellenic MarineEquipment Manufacturers & Exporters
Smart Ship Solutions Posidonia Seminar Room 2Β [email protected] 11:00 -13:00
Ballast Water Management Systems: The Path to U.S. Coast Guard Type Approval [email protected]; [email protected]
Posidonia Seminar Room 2Ecochlor, Inc. 13:00 -15:[email protected] ECDIS Posidonia Seminar Room 3 - Sponsored by UKHO 11:00 - 13:00
[email protected] with ECDIS Posidonia Seminar Room 3 - Sponsored by UKHO
14:45 - 16:45
Unlock the Potential of Fleet Xpress Posidonia Seminar Room 2BNavarino, Inmarsat and Intellian 13:00 - 15:00
15:00 - 17:00
17:00 - 19:0017:00 - 19:00
New Integrated Hull Management Strategies: roughness, coatings,performance monitoring and in-service maintenance
Posidonia Seminar Room 2HEMPEL A/S
[email protected] you ready for MRV compliance? Posidonia Seminar Room 2BPwC 15:00 - 17:00
17:00 - 19:00
[email protected], the new era in chartering! Posidonia Seminar Room 2BVesselBot 17:00 - 19:00
Register at: [email protected] invitation only
The Vancouver Canada Shipping Advantage Vorres MuseumVancouver International Maritime Centre (VIMC) incorporation with the Embassy of Canada & the HCCC
20:00
Wednesday 8 JuneHELMEPA Where is Shipping heading after COP21? Posidonia Conference Hall [email protected]:00 -13:30
Korean Embassy & IOBE Korea-Hellenic Maritime Cooperation Forum & Reception: [email protected]:00 - 14:30
ABS, Arista Shipping, Deltamarin, GTT and Wartsila “Project Forward” Press Conference ABS Stand No 3.101 [email protected]:30 - 17:30
15:30 - 17:30
15:30 - 17:30
IHMA / ISRA (International HazMat Association & International Ship Recycling Association)
EU Ship Recycling Regulation: What Ship owners should know? Posidonia Seminar Room 2 13:00 - 15:00
13:00 - 15:00
[email protected]; [email protected]
13:30 - 16:20
As of 23 May
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Seatrade Directory SM 16-2.indd 1 05/05/2016 16:06
We support innovative solutions to improve energy efficiency
and reduce emissions
Move Forward with Confidence
For more information, please contact: Bureau Veritas Hellas A.E. 23, Etolikou Str. - 185 45 PIRAEUS Tel: +30 (210) 40 63 000 Email: [email protected]
Posidonia stand 2.201
www.bureauveritas.comwww.bureauveritas.gr
17
DNV GL has big plans for the Greek fleet -already the largest fleet outside the society'shome bases in Norway and Germany - and itshome port of Piraeus. The north Europeanclassification giant has set aboutimplementing a vision to develop Piraeus intoa third home and and decision-making centrewhile expanding its classed Greek-owned fleetby 20% over the next five years.
‘Following the merger in 2013 of DNV and GLwe sat down and carried out a reassessmentof the situation. It was quickly decided toexpand the region from the Piraeus-basedEast Mediterranean, Black Sea & CaspianSeas to incorporate the Middle East & Indiaregion to form the new South East Europe &Middle East, headquartered in Piraeus,’ saysIoannis Chiotopoulos, head of the new region.
Chiotopoulos is based in an impressivePiraeus hq, overlooking the port, where DNVGL already has a staff of 70 people covering30 offices in 19 countries, and expects toemploy 20 more this year, all Greek speaking.
In late April, DNV GL generously presented afull mission bridge simulator to HELMEPA[Hellenic Marine Environment ProtectionAssociation] of which it is an associatemember, as is VSTEP, the equipmentmanufacturer. The simulator will be used tosupport HELMEPA's refresher training work,which it offers to members within the Greekmaritime community.
Italian class society RINA likewise plans to tapmore heavily into the practical approach toshipping found in Greece. ‘Piraeus is thesecond brain of RINA. It has a vision and RINAwants to work more closely with Greekshipping to gather information from Greekshipowners who have the ability to findpractical solutions,’ says Mario Dogliani,
manager of RINA's Connecting Europe project.
To this end RINA Hellas, the Greece-basedarm of the RINA Group, has opened adedicated research and innovation centre inPiraeus, only its second outside the society'sGenoa hq.
Spyros Zolotas, RINA area manager forGreece and Cyprus, says: ‘The R&D /Innovation Centre in Piraeus will add a newhigher dimension and extend the range ofservices offered in the area through the
Piraeus Marine,the Plan ApprovalCentre, theMarine TechnicalSupport Centre,the YachtingCentre and RINAAcademy Hellas.’
Korean Registerof Shipping (KR),whose HellenicCommittee ischaired by
Intertanko chairman Nikolas Tsakos, is alsoupgrading its Greek presence. KR chairmanand ceo B.S. Park often refers to the closerelationship between South Korea andGreece, and the need for cooperation at IMO,now led by countryman, Kitack Lim, betweenthe top shipbuilding and shipping nations.
Greece is likewise one of Bureau Veritas (BV)Marine’s biggest operations outside its homecountry, with an all service office in Piraeus ledby Lambros A. Chahalis, vp and regional chiefexecutive for the Hellenic & Black Sea region.
Here BV has a Local Plan approval office ‘withreal autonomy to act quickly’, a TrainingCentre, Service Centre and Inspectorate for
fuel and cargo testing, all backed up by ‘skilledand dedicated engineers… and survey staffwho know how to expedite their work andkeep ships safe and operating smoothly,’ saysChahalis.
ABS is in the middle of a busy year with itschairman, president and ceo Christopher J.Wiernicki also serving as chairman of theInternational Association of ClassificationSocieties (IACS). In this capacity he will bespeaking at the HELMEPA conference on‘Where is shipping heading after COP21?’being held at Posidonia on June 8.
During Posidonia Week ABS will also beproviding an update on its Project Forwardjoint development project with Greek ownerArista Shipping, as well as Deltamarin andGTT, to develop an LNG-powered bulk carrierdesign.
ClassNK, another active player in Greece, ismeanwhile working on improvedcrashworthiness of bulk carriers, havingcertified the Highly Ductile Steel (HDS) thatJapanese shipyard Imabari Shipbuilding innow fitting to many of its newbuildings.Manufactured under controlled conditions,HSD facrtures less easily, reducing risk to lives,cargoes and the environment, and wonImabari this year’s Safety at Sea category atthe London Seatrade Awards in May.
Even Greece’s Hellenic Register of Shipping(HRS) is staging something of a comebackafter suffering from the demise of Greece’sshipbuilding and shiprepair sector. Lately the90-year-old classification society has beenpromoting its expertise in the sea tourism andyachting sectors with success both at homeand abroad, experienced HRS staff havingdeveloped a range of integrated andinnovative services.
Class plays an active role
The ship owning and ship managing hubs of Greece, Italy, Turkey, Cyprus and Malta make Greecethe perfect ‘second home’ for many of the world’s leading classification societies
Spyros Zolotas
DNV GL evp Tor Svensen at the simulator helm
18
19
The teams in LR’s Greek office and around the world arefocused on delivering solutions today, and helping shape thefuture of Greek shipping. As well as day-to-day support in shipsurvey activity, one of the most vital areas for us is supportingclients in their newbuilding projects.
We provide a strong liaison between Piraeus and newbuildingcountries worldwide but, particularly, of course in China, Koreaand Japan.
Our network of rigorously trained surveyors and seniormanagers in newbuild areas - a significant number ofwhom are Greek - are a real strength for us. Providingexcellent on-site service is also based on excellentcapabilities and receptiveness here in Piraeus and acrossthe rest of the region.
In Italy we have now put our passenger ship lead manager intoTrieste, providing cruise ship newbuilding focus and capability.
And in the Eastern Mediterranean as a whole we are involvedin vital projects such as PoseidonMed, now in its secondstage, to bring LNG fuelled infrastructure and shipping to theAdriatic and Aegean Seas.
But above all, LR is exploring fresh approaches to doingbusiness. We have younger team members, developed in-house, bringing new perspectives in client facing andspecialist roles and this is providing us with newopportunities, insights and, more opportunities to addvalue and help drive both safety and performance in theindustry.
Working with key or leading partners on innovationprojects where we are looking at implementation oftechnology from a practical perspective is creating change.We are very optimistic about the future for safer, cleanershipping in the Mediterranean basin and worldwide. Ourpeople are able to contribute to a more sustainable marineand offshore sector developing local capability for globalapplication.
There is great potential in the Med basin for a revival ofshipbuilding, machinery and equipment manufacturing andthe development of better marine infrastructure, includingsmall scale LNG supply. These will benefit the local society.
Society is important to us at LR. Here in Greece ourFoundation has been supporting students and researchinto the important areas of shipping – we will continue todo this. We are supporting education at all levels, talking toschools, higher level institutions, universities andacademies about marine opportunities and careers.
Above all, it is in listening more to our clients andunderstanding their challenges – trying to live every day inour customer’s lives - that LR can make a difference as weseek to find manageable, practical, commercial solutions:by providing the best technical insight we can help clientsmake the best commercial decisions.
In fact, we are looking across and supporting the wholemarine and offshore cluster of South Europe, in countriesincluding Greece, Cyprus, Monaco, Italy, Croatia, Turkey,Bulgaria and Romania. These are all important countries inthe marine cluster and perhaps have not yet been givenenough recognition – but we recognise their importance inrepair work and in building what are often highlyspecialised ships.
LR: supporting clients across the region
This article was contributed by Piraeus-based Theodosis Stamatellos, responsiblefor Lloyd’s Register’s Marine and Offshoreactivities in South Europe
www.islamorada.comTel: +507 228 4947 Fax: +507 211 0844E-mail: [email protected] or [email protected]
Navigation Supplies and ServicesPANAMA
NOAA charts printed-on-demand.With latest NtM applied, up to date.
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Theodosis Stamatellos in Greek office
SAFER, SMARTER, GREENER
DNV GL has expanded its responsibilities in Greece to support local customers even better by having Greece as its third home market. We have improved response times and strengthened our capabilities in Greece, with a focus on providing services, decision making and supporting Greek companies directly from our Piraeus offi ce. Our customers will be able to conduct their business directly with the local team in Piraeus – and around the world through the
DNV GL global network of Greek-speaking surveyors in all major shipping hubs, such as the US, Belgium, the Nether-lands, the UAE, Singapore, China and Korea.
At home in Greece, at home around the world with DNV GL. T: +30 210 41 00 200 E: [email protected] I: www.dnvgl.com/visit-us
WELCOME HOME!
Visit us at Posidonia:
Hall 4 - No 4.115
21
Since the introduction of new ECA fuels(NEFs) in the market end of 2014, theincrease in number and variety hasbeen simply impressive. Over 20products from different origins with andvarying in quality characteristics, yetwith the apparent common element ofthe maximum Sulphur (S) content of0.10%. But is choice necessarily good?
The NEFs are comprised of various products fromhydrocracker cycle oils, vacuum gas oils, (marine) diesel oilsand light residuals and may differ significantly in their individualcharacteristics. When classified to the closest ISO 8217:2010/12specification, the majority of these NEFs typically range fromDMB (via RMA10 and RMB30) to RMD80.
But due to the variety of NEFs with their different qualitycharacteristics, handling them comes with challenges thatrelate to stability, compatibility, cold flow properties andgummy/varnish/resin-like materials that might form duringconsumption.
Given these different issues, ship operators have to be veryvigilant about the use of different NEFs by giving attention totheir quality characteristic/properties. Routine analysis ofbunker samples obtained from the physical supplies andmonitoring supplier performance in the relevant ports aroundthe world are of paramount importance in this process. Thevessel’s crew should report and record on-board fuelperformance and all involved must improve their fuelmanagement capabilities in order to get the optimal valuefrom every aspect of fuel-related operations.
VPS can provide tailor-made advice on fuel handling foroptimal performance and efficiency based on over 30 yearsof experience in fuel management services, since ourcompany introduced both the first commercial bunker fueltesting and bunker quantity surveys for ships back in 1981and 1987 respectively.
Today customer services remain at the heart of our businessand include: fuel quality testing, bunker quantity survey, oilcondition monitoring, fuel system checks, and 24/7worldwide technical troubleshooting support.
The company also offers advice on regulatory compliance,bunker intelligence from our most extensive database (of over2m tested samples) and state-of-the-art analytical tools,expert assistance with bunker disputes and claims, andcomprehensive marine fuel training programmes.
VPS calls for ‘vigilance’ on new ECA fuelsThe following views were contributed byDennis Pronk, technical manager - Europefor bunker fuel management companyVeritas Petroleum Services
Tel: +507 228 4947 Fax: +507 211 0844Email: [email protected] or [email protected]
We strive to supply Safety Through Education becausewell-educated navigators with in-depth knowledge about
the equipment onboard is an indispensable factor to ensure
safety at sea. We have arranged various training courses
that combine both theoretical and practical training on
navigation and communication equipment.
At the end of the day, it is our vested interest, for we would
like to contribute to global maritime safety.
It matters to us all. FURUNO ELECTRIC CO., LTD.www.furuno.com
It matters to us
Visit us at
Hall 1, stand no. 202
23
The American Club, which celebrates its100th anniversary in February 2017, wastraditionally based on American tonnage,but entered the international market in the1990s, led by Joseph Hughes, today themanager's chairman and ceo, as a part ofthe Vision 2000 campaign.
Prior to my current position, I mainlyconcentrated on the EMEA (Europe, MiddleEast and Africa) region including largestconstituency of membership based inGreece and is serviced by the Piraeus office,which I also manage.
Over the past decade, the Club enjoyedsignificant growth in the region through anapproach of commitment to high-qualitypersonalised service, which is how webelieve we can secure stability inmembership and increase opportunity forgrowth not only through our traditional P&Icover but also through development of newproduct lines.
In the early part of 2015,as part of the Club's newVision 20/20 campaign,new company AmericanHellenic Hull InsuranceCompany was establishedas a wholly ownedinvestment of the Clubwith management througha jv with Hellenic HullManagement based inCyprus with offices also in Greece.
American Hellenic is the only local-basedhull insurer in the Greek and Cypriot marketwith one of the most experienced Hull &Machinery teams in the region with theability to provide H&M, War Risk andMortgagee Interest Insurance services to theglobal market. The new insurance companyoffers commercial, fixed- premium hullinsurance and it is Solvency II compliant withthe ability to write business globally.
In addition to New York, the Club'smanagers, Shipowners Claims Bureau,Inc., have operations in London, Piraeus,Hong Kong and Shanghai.
The Club's presence in Greece reflects thegreat importance of its local membership,and The American Club is honoured toserve this dynamic and highly influentialsector of world shipping.
‘Committed to high-quality,
personalised service’ The following article is based on an interview withDorothea Ioannou, global business developmentdirector of The American P&I Club
One to watch...Winner of the Seatrade Young Person of the Year for 2016 isStavroula Betsakou - pictured here collecting her trophy fromIMO secretary-general Kitack Lim.
With a degree in maritime studies from the University ofPiraeus, Betsakou began her career working for LyrasMaritime in her native Greece. She then moved to London tostudy for an MSc in Shipping, Trade and Finance at the CassBusiness School, beforejoining Howe RobinsonPartners [former ICAPShipping] where she nowheads up tanker research.
To date Betsakou hasdelivered more than 200market presentations on crudeand product tankers in 17cities around the world, and isregularly asked to contributeto clients’ board meetings asan external strategy adviser.
24
No surprise then that the Union of GreekShipowners (UGS) is actively trying toimprove maritime education in Greece,tabling a proposal to improve ‘sandwichcourses’ and absorb cadets for theirmandatory course at sea. At the same timethe UGS continues to financially supportmaritime academies along with buildinginfrastructure and providing equipment.
Already many younger generation entrantsto Greek shipping in recent years haveopened up new horizons for their familycompanies by combining tradition with abusiness school education their seagoingfathers lacked. Costis Constantakopopulos,Harry Vafias and John Dragnis, forexample, have become household names,leading publicly listed companies, followinga path earlier trailblazed by the likes ofNicos Tsakos and Stelios Hajioannou.
Nikolas Martinos is making key decisions atThenamaris (Ships Management), one ofGreece’s iconic companies, as are otheryoung members of the clan whose threefathers were building the Martinos dynastynot much out of their teens.
The Economou family’s TMS Cardiff Gas isled by George’s son Christos.
Hariklia N. Moundreas, is adirector at Nicholas G.Moundreas Shipping andmember of the Board of NGMGroup, one of Greece’s oldestshipping groups.
And Maria Angelicoussi,daughter of Greece’s largestshipowner JohnAngelicoussis, is a traineddoctor who left the practice ofmedicine in 2009 to join
Greece’s largest shipping group. Today sheis responsible for its three managementcompanies, Anangel Maritime, MaranTankers and Maran Gas, and was recipientof Greece’s new generation award in 2015.
The impact of the Y-generation is alsoevident onboard ship, and within thetechnical and services sector.
Eleni Polychronopoulou, is executive vpEnvironmentalProtectionEngineering(EPE) SA, andpresident anddriving forcebehind Hemexpo[Hellenic MarineEquipmentManufacturersand Exporters]which representsthe Greek clusterof marine equipment manufacturers withthe primary aim of breaking into the supplylists of the shipyards of China, Japan andSouth Korea.
Andreas Tsavliris, a fourthgeneration member of theTsavliris Salvage Group, hastaken a new route, recentlylaunching a executive searchfirm focusing solely on mid tosenior level shore-basedappointments within themaritime industry.
And while there is a growingnumber of young peoplestudying maritime law and
insurance, Greece is also witnessing asurge of enthusiasm from young peoplekeen to purse shipbroking as a career. Thecountry has overtaken London as havingmost students sitting the Institute ofCharterered Shipbrokers (ICS) examsamong its 115 exams centres.
In addition, Project Connect is organisingmeetings in Athens between young peopleinterested in the sea and experiencedshipping professionals such as the likes ofNicky Pappadakis, Capt. PanagiotisTsakos and George A. Tsavliris. At a recent
meeting theseluminariesemphasised theimportance ofgaining sea andvesselexperience,being alert andcaring aboutthe ship and thecompany; andcontinuous self-development.
Y-Generation coming onboardGreek shipping is built on atraditional hands-on-approachand has always been a leaderin preparing the nextgeneration to take over. At thesame time it is acutely aware ofthe need for an office to be richin seagoing experience,especially in this day ofadvanced technology
Students for the ICS exam at the Hellenic Maritime Centre get a feel for life on the bridge
Maria Angelicoussi
Eleni Polychronopoulou
Andreas Tsavliris
Intertanko md Katharina Stanzel talks withChios Navigation’s Isidore Caroussis at aHellenic Mediterranean Panel meeting
