olume 8ssp newsletter t2 - cmaconnect.com c ommodore ole skaarup – 1916 - 2010. 13...
TRANSCRIPT
PRESIDENT’S NOTESUP COMING EVENTS
One S tam fo rd Land ing , 62 Sou th f i e l d Avenue • S t am fo rd , Connec t i cu t • 0 6902
President’s Notes —page 1
From the Editor —page 3
Market Commentary —page 4
Membership Notes —page 7
CMA Sixth Annual 12 Meter Regatta Information —page 7
CMA Paintball —page 8
Imaginary CMA Members and their Positions —page 8
Factiods & Stuff —page 9
Fuel Savings - Hull and Propeller Performance Monitoring
—page 10
Change of Command —page 10
CMA Commodore Ole Skaarup – 1916 - 2010 —page 12
WARNING – EXPO GUIDE DIRECTORY SCAMUSING THE CMA NAME —page 13
Job Mart —page 14
VOLUME XVII, NUMBER 8SSP T 2000N E W S L E T T E R SEPTEMBER 2010
SAVE THE DATES
SEPTEMBER 2010Thursday, September 30, 2010
CMA Luncheon
Speaker: To be announced
Water’s Edge at Giovanni’s II2748 Post Road, Darien, CT 06820
Cash Bar: 12 Noon, Seating for Lunch: 12:45 pm
CMA Member $40 / Non-Member $45
OCTOBER 2010Thursday, October 7, 2010
Sixth Annual CMA 12 Meter RegattaRacing out of Indian Harbor Yacht Club, Greenwich, CT
Post-sailing Reception & Prize-giving at
Indian Harbor Yacht Club
See page 7 for more information
Wednesday, October 27, 2010(note change of day for this one!)
CMA Luncheon
Speaker: To be announced soon and look fora very big name – you won’t want to miss this one!
Water’s Edge at Giovanni’s II2748 Post Road, Darien, CT 06820
Cash Bar: 12 Noon, Seating for Lunch: 12:45 pm
CMA Member $40 / Non-Member $45
For Reservations for all CMA Events please callLorraine at +1.203.406.0109 Ext 3717
Visit http://www.cmaconnect.com for more info.
CONTENTS
The Rime of the Ancient Mariner by Samuel TaylorColeridge was one of my teenagers required books forschool this year. The irony of the title wasn’t lost on either ofus. Yes, I’m a mariner, but ancient already? What teenagerdoesn’t think their parents are ancient in some way anddon’t all teenagers age their parents? Perhaps failing mem-ory is the first sign, but I couldn’t recall having read this clas-sic poem in either high school or at Kings Point so, I sailedthrough my teenager’s illustrated version. If you missed thisclassic poem, it is a rather depressing tale of a bad seayear, but I must say Gustave Dore’s illustrations are magnif-icent. I venture to guess my daughter’s high school Englishteacher will exploit a few more lessons from this master-piece, but I’ll leave that fun to her and my daughter. Whilemy teenager is probably the only student in the classblessed with two “ancient mariners” for parents, I’m prettysure we won’t be invited in to share our sea stories.
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• CMA INFORMATION •
OFFICERS
PRESIDENT VICE PRESIDENTBeth Wilson-Jordan Molly McCaffertyP: (203) 249-7551 P: (203) 406-3448
Email: F: (203) [email protected] Email: [email protected]
SECRETARY TREASURERTom Hodgson Charlie Tammara
P: (203) 326-2830 P: (203) 662-2604F: (203) 977-2164 F: (203) 662-2786
Email: Email:
[email protected] [email protected]
GOVERNORS & COMMITTEE CHAIRS
MEMBERSHIP PLANNING & ADMINChristopher Cheng Ian WorkmanP: (203) 406-3446 P: (203) 863-0001
Email: F: (203) [email protected] Email: [email protected]
SOCIAL COMMUNICATIONLen Faucher David Fillis
P: (203) 629-2300 P: (203) 662-2668F: (203) 629-9101 F: (203) 662-6610Email: [email protected] Email: [email protected]
EDUCATION CHANGE OF ADDRESSMargaret Faucher Faith MarrP: (201) 655-9381 P: (860) 354-1182
Email: F: (860) [email protected] Email:
THE CMA HOME PAGE ADDRESS ISwww.cmaconnect.com
LETTERS TO THE EDITOR & NEWSLETTERDonald B. Frost
P: (203) 406-0109 • F: (203) 406-0110Email: [email protected]
JOB MART: Lorraine Parsons/Cari KoellmerEmail: [email protected]
WEB: Lorraine ParsonsEmail: [email protected]
The CMA fall calendar is filling fast with speaking engage-ments, luncheons, the annual regatta, paintball and a bookdiscussion, softball party and CMA road show in the works.On the industry side: Secretary Tom Hodgson will representCMA at the Global Maritime Information Sharing Symposiumin Baltimore mid September, Vice President Molly McCaffertywill welcome attendees at the Digital Ship Conference inStamford on September 22, Don Frost will represent CMA atASBA’s Annual Cargo Conference in Miami and also onSeptember 22 in Stamford, I will deliver a welcome addressat the International Bunker Industry Association Conventionand Gary Lawson of Heidmar will also represent CMA on thekeynote panel. It truly is a team effort!
On the social, sports and entertainment front: Johnny Kand Lorraine have been planning the ever popular andcompetitive CMA America’s 12-meter Regatta, which willtake place on October 7. Social Chair Len Faucher hasplanned a paintball outing for October 30. My congratula-tions go out to the Weber-Heidmar softball team whodefeated Glencore in the finals to take home this year’schampionship trophy. My thanks to softball commissionerChris Towne for all his hard work, scheduling, rescheduling,writing weekly updates and serving as the playoff umpire.Chris, as commissioner, you are a champion!
The fall season also means football and the Kings PointMariners will play the SUNY Maritime Privateers at FortSchuyler on September 18 at 1PM. Tailgate anyone?
Best regards,Beth Wilson-Jordan
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FROM THE EDITOR
The Falling Leaves of autumn have only started, but it has
been mesmerizing to watch the falling dry cargo market fol-
lowed by a rebound and yet another reversal. No telling
where it will be when you read this, but be comforted that
where ever it is, it will change direction again soon.
As most of you may know, our first Commodore (1990), Mr.
Ole Skaarup passed away in mid-June. We did an e-mail
blast with the news and posted a CMA remembrance on
our website, but for various reasons of timing, we never ran
it in our Newsletter. You will find it in this issue. As many of
you know I worked for Ole for 23 years during which I was
president of CMA (1988-92). He was a great supporter of
CMA and we will greatly miss him.
On August 27th DNV ran a briefing in NY on LNG as a
ship’s fuel, particularly its application to ferries and other
vessels on coastal routes. If you recall, it was a fundamen-
tal idea of Bob Kunkel’s “e3” program in July, that LNG
could be an ideal “bridge” fuel between heavy hydrocar-
bons and non-carbon and renewable energies like wind,
especially as the North American ECA becomes effective
in August 2011 (and becomes compulsory a year later).
I attended the 2nd Annual Capital Link Global Derivatives
Forum (Commodities, Energy, Freight) September 7th in
NY. I would guess they had 250 plus attendees with maybe
a quarter to a third of them from the shipping industry. I
learned a lot, but perhaps most importantly it validated this
month’s MARKET COMMENTARY sub-title, shipping has
been financialized.
The Association of Ship Brokers and Agents (ASBA) will
hold their annual Cargo Conference at the Eden Roc
Resort, Miami Beach September 30-October 1, 2010. I can
attest to the ambiance of the venue and the erudition of the
attendees. You can view the program and download the
registration form at
http://www.asba.org/uploads/files/2010 program.pdf.
If you can possibly get away from the office this is worth the
effort. I’ll see you there.
MARKET COMMENTARY
The “financialization” of the
shipping industry in the 21st Century
Why are new orders for bulker carriers being placed during
a period of oversupply and with a large number of vessels
yet to be delivered? Shipyard prices, while lower than two
years ago, still require freight rates, or their time charter
equivalents, above today’s market levels to breakeven.
How do today’s buyers expect to pay for these vessels, or
make money? Is there something different here that alters
the traditional reasons for ordering new ships? (see foot-
note) Perhaps it is that the people ordering these “assets”
are not in the shipping industry, and see these vessels in
the same way as investors of 1999-2001(the DOTCOM
era)? Or is it the way these ships are to be financed? No
loans to repay or interest to pay. Hmmm! Back to REITs?
Private equity funds have ratcheted up their participation in
shipping. Why? Possible answers: (a) we in a period of
ultra low interest rates (both short and long term) and will
continue so for some time. (b) Trillions of dollars have been
parked in Treasuries or ultra low rate CDs waiting for the
Post Financial Crisis to pass are now willing to entertain
some risk for higher returns.(c) Businesses are uncertain
of future government regulations and tax policies. (d) Low
expectations that consumers will be able to spur Wall
Street to greater heights. (e) The fact that shipping markets
have not cratered the way they did in the 1980s lull the
uninitiated shipping investor to only see stability and even
4
ASBA Confirmed Speakers:
Daniel Maldonado (Keynote) - Bunge Latin America, LLC
Ken Applegate – Valero Marketing & Supply Company
Adam VanEtten - OSG Ship Management, Inc.
Dave Gilmartin - Alcoa Steamship Company, Inc.
James Russell-Walling - Eagle Bulk Shipping, Inc.
John Wobensmith - Baltic Trading Ltd (Invited)
Omaira Diaz - Coal Marketing Company (USA) Inc.
Charles Whited, Jr. - Murphy, Rogers, Sloss & Gambel
Cheryl Peters – U.S. Customs & Border Protection
Robert Sniffen - Thomas Miller & Co. Ltd.
Raymond Burke, Jr. - Burke & Parsons
Todd McKenna - Glander International, Inc.
Daniel Griswold - Cato Institute
Gerhard Winklmeier – HELABA
Dr. Arlie Sterling - Marsoft, Inc.
In addition to my outreach efforts, CMA will be represented
at the Global Maritime (Domain) Information Sharing
Symposium (GMISS) in Baltimore September 14th in
Baltimore by our Secretary, Tom Hodgson (and a few other
members), and as noted last month at the International
Bunker Industry Association (IBIA) Convention Stamford
Sept 21-23 by Beth Wilson-Jordan and Digital Ship USA
also in Stamford September 22-23 (Molly McCafferty).
One meeting we have not been able to fit into our schedule
is the Annual Canada Maritime Conference in Montreal
September 13-15.
On September 23 the Port of New York/New Jersey
Chapter of the Propeller Club of the United States will host
“A Taste of New York/New Jersey” fund raiser for the New
Harbor School which recently moved from Brooklyn to
Governor’s Island. The event runs from 5-9 PM and costs
$90.00. For further details and reservations contact Rose
Lambert at [email protected].
For those who read my monthly musings you might have
gotten inured to my closing requests for your comments
and ideas. I’d like to explain why I persist with that request.
When organizations or individuals make decisions, they
tend to do so on the basis of their own mental image of
what the future will look like. Our views of the future are
based on assumptions that are aspects of the future and
important to the choices we face. Until we are given the
chance to compare our assumptions with those of others
we often do not even realize we have such mental images
– or maps - of the future.
Exploring assumptions we currently hold– individually and
collectively – about the future can help us to recognize
when our own assumptions are being challenged by
unconsidered events or developments and how to respond
to them properly. In organizations large and small this abil-
ity can mean the difference between success and failure. At
CMA we seem to have made a lot of good decisions over
the last 26 years but to maintain our winning streak we
need input --- YOURS! Most people are not sure what they
want of any organization in the future. However, most of us
know what we do not want. Sharing that with us would be
a big help.
Donald B. Frost
5
upward gain in excess of what is available from traditional
investments now. (f) Ships are big hunks of steel and
machinery that can be perceived as a low risk asset class.
With loans and therefore interest payments and amortiza-
tion, there is no way most of these ships can earn money
or even safely breakeven based on today’s (or even those
likely in 2011 and 2012) freight rates or their t/c equiva-
lents. There will be some positive cash flow to cover oper-
ating expenses including management fees, at least until
the first dry docking or special survey. It seems to me that
the only return on investment to the investors will be the
price each ship brings on the second hand market when
the Fund is liquidated.
I looked at just one popular size sector of bulkers to see if
this value proposition could work.
Ship size: Handymax to Supramax Bulk Carriers 40-
60,000 DWT
Active fleet as of July 2010 - 1,980 vessels of 98.8 Million
DWT (average 49,500 dwt)
Less: vessels 25+ yrs old in 2010 and scrapped by 2015 -
419 vessels of 18.7 million DWT
Plus: vessels to be delivered between 2010 and 2015 –
857 vessels of 48.2 million DWT
Total as of July 2015 – 2,418 vessels of 128.3 million DWT
(average 53,000 dwt)
Summary: The number of 40-60’s in 2015 will be 22%
greater than in 2010.
Two concerns here:
1. Future demand for this size
a. Including the projected world population growth
over the next five years world trade will still only
average about 5% p.a. over the next five years.
b. The emergence of BRIC- like economies, espe-
cially in Africa and South America, will likely have
a disproportionate impact on the demand for bulk-
ers of 40-60,000 dwt from about 2013.
c. Looking to next smaller bulker sector (10-40,000
dwt); there will be 700 fewer ships of this class in
2015(although the average size of this class will
grow from today’s 27,500 dwt to 29,500 dwt in
2015).
• A large portion of so-called handy size car-
goes are shipped as such because that has
been the standard shipment size for that par-
6
ly to develop. The price spread between ships built to
service to high specifications and to meet specific
cargo needs versus those that were built to the price
offered by the yard cannot be known now, but there will
be a spread and investors could be disappointed.
So, is investing in Handymax and Surpamax ships at this
time a wise decision? The answer is: It depends. For Cape
sized bulkers, PMX and even Handies?
Shipping and ships – now more than even a commodity
business!
Footnote:
Zannetos, Zenon S., “The Theory of Oil Tankship Rates”
pp.50-51 lists four reasons to order a new ship. (1) Spot
rates; (2) The cost of shipbuilding; (3) The rate of techno-
logical obsolescence and the age distribution of the exist-
ing fleet; (4) the pattern of ownership within the industry as
colored by existing institutional considerations. (i.e. – com-
petition among owners for market share and degree of
charterer ownership).
ticular commodity or for receivers’ port or ter-
minals.
• By 2015 Charterers of Handy Sized bulkers
may have to pay a large premium for existing
Handy vessels (10-40,000), change the stan-
dard shipment size to the next larger ship size
(40-60’s), or continue the older shipment size
but load two or more parcels of the commodity
aboard the larger size ships. The effect of any-
one would be to reduce the over - supply of 40-
60’s by 2015 (or even earlier).
2. Second Hand Ship Prices
If all the new Handymax-Suprmax bulkers delivered by
2015 were of the same high building standard includ-
ing cargo gear and fuel economy, the likely over supply
of so many vessels of similar age all being offered for
sale at the same time (coinciding with Fund liquidation
dates) would force second hand prices to trade at a
discount to historic prices for ships of this age regard-
less of real market (cargo) demand in 2015. However,
all ships to be offered at that time will not be of the
same quality, and therefore a two tiered market is like-
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MEMBERSHIP NOTES
The smaller number of applicants this month is perhapsinfluenced by vacations or maybe our slower pace of activ-ities in the summer. Please welcome:
Zaman Ahmed , Exec. VP, MLD Logistics & CharteringCorp, Rye Brook, NY
Jeffrey Milstein, Ops.Mgr., Moran Shipping Agencies,Woodbridge, NJ
Eden Rahman, Ops. Mgr., MLD Logistics & Chartering,Rye Brook, NY
Max Rahman, Pres. & CEO, MLD Logistics & Chartering,Rye Brook, NY
SIXTH ANNUAL 12 METER REGATTA INFORMATION
EVENT SPONSORS (as of September 10th, 2010):American Bureau of Shipping, Baltic Trading Ltd., BlankRome Maritime, Eagle Ocean Transport, General MaritimeCorporation, Genco Shipping & Trading, Intrepid Shipping,John F. Dillon & Co., Leeds & Leeds Company, Marine OilTransportation Consultants, MJLF & Associates, NobleAmericas Corp., Short Sea Shipping Cooperative Program(SCOOP) (now Marine Highways Cooperative), TORMUSA, World Fuel Services
SCHEDULE OF EVENTSOn Thursday, October 7th, 2010 the ConnecticutMaritime Association will hold its sixth Annual Regatta. TheCMA has chartered five America’s Cup Twelve MeterYachts for the 2010 Regatta. Weatherly built 1958,Columbia built 1958, Nefertiti built 1962, American Eaglebuilt 1964 and Intrepid built 1967.
We have had a fantastic response to our out-reach to pastsponsors and have currently secured yacht co-sponsors forall five twelves.
John Roland, Odin Marine Inc., Stamford, CT
Charles Rutherford, Odin Marine Inc., Stamford, CT
Costa Tsoutsplides, Corporate Finance Analyst, EagleBulk Shipping, New York, NY
David Weathers, Natl Exec. Bd. Mbr,, American MaritimeOfficers, Galveston,TX
We are always happy to welcome new members and hopeto meet you at the September luncheon, the Regatta or alater event.
Christopher ChengMembership Chair
Connecticut Maritime Association Sixth Annual 12 Meter RegattaFeaturing Five America’s Cup Classic 12 Meters
“This yachting event will have to go down as probably the most memorable event inshipping at least in my recollection in the USA.You guys keep out-doing yourselves oneach and every event, but I don't know how you can top this.”
Gerard T. DesmondLouis-Dreyfus Corporation
A limited number of crew spaces on the yachts are avail-able. Crew spots are priced at $275 and include lunch onboard, four hours of racing and post-racing cocktails andprize-giving at Indian Harbor Yacht Club. Please contactLorraine at +1.203.406.0109 Ext 3717 or by email to:[email protected] if you are interested insigning up as crew.
As in 2009 we will not be organizing a formal spectatorboat this year, but encourage CMA Members and Gueststo come out on their private craft to watch the action – ofcourse, this is much more likely and enjoyable if we get agreat weather day!
Immediately following the racing, the Captains’ Cocktailswill commence at the Indian Harbor Yacht Club, 710Steamboat Road, Greenwich, CT. Cocktails and plentifulhors d’oeuvres will be combined with the trophy presenta-tions. Cocktails commence at 5:15 pm. Tickets for theCaptains’ Cocktails only are available at $60 per person.Space is limited and selling fast, so again please call oremail Lorraine to reserve. Dress code is smart casual.Visithttp://www.indianharboryc.com for Directions.
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IMAGINARY CMA MEMBERSAND THEIR POSITIONS
By Don Frost
As some of you will recall I used to tuck bogus, but amus-
ing, names into the list of new members once in a while. I
discontinued that because I was afraid the practice might
diminish the sincerity of our welcoming message. None the
FACTOIDS & STUFF
By Donald B. Frost
An August 18th article in the London Financial Times“Accounting change set to burden companies” described aradical plan by the International Accounting StandardsBoard (IASB) in concert with our own Financial AccountingStandards Board (FASB) – by the way, located in Norwalk,Connecticut. This plan (Leases – Topic 840 – about 130pages) would alter the treatment of leases on a balancesheet. Airlines, ship operators (TIME CHARTERS) andother companies can expect to assume billions of dollars ofliabilities on their balance sheets. Under the rules the lia-bilities of many companies would increase as they are
We look forward to seeing you at one or all of the eventsand wish the yacht crews the best of luck. Call today tosecure your space, as these events will all be sold-out!
Will “Intrepid” triumph again? Will Genmar/Genco re-claimthe cumulative trophy or take the Kulukundis Cup on theirnew twelve “Columbia”? Will “American Eagle” repeat itsfirst year victory?Will there be a surprise in store this year?All will be answered on October 7th…………..
THANK YOU FOR YOUR SUPPORT!
Lorraine Parsons CMA Event DirectorTel: +1.203.406.0109 Ext 3717Email: [email protected]
less here are some names that are humorous by virtue of
their jobs. Perhaps you have some others to share with our
readers.
Roxanne Debris – Dry cargo hold preloading surveyor
Lucinda Bolts – 3rd Assistant Engineer
Benton Mangled – Class Society collision surveyor
9
forced to move rented assets (aircraft, ships, even photo-copiers) on to their balance sheets.
Current rules allow some leases to be classed as operat-ing leases in which the underlying asset and liability stayoff the balance sheet. Others are treated as finance – orcapital –leases, which do show up on the balance sheet.IASB and FASB wish to abolish the dual system becauseoperating leases understate leverage. The new standard isexpected to go into effect in 2011. In the meanwhile we canexpect a lot of discussion about how this might impactthose publicly traded ship owners whose business modeldepends in large part on putting most of their tonnage outon long term time charters, and which of those chartererswill be able to accept the effects of this accounting changeto their corporate balance sheets.
Elsewhere other regulations might be changing. On August26th the European Commission launched a competitionlaw investigation into agreements between international P& I Clubs over possible anticompetitive premium rate mak-ing. This follows their investigation of Class Societies andour October 2007 special meeting on rules for shippingpools following the removal of the block exemption fromantitrust laws for liner conferences.
Earlier in August the ITF revised their flags of conveniencepolicies regarding beneficial ownership, new minimumstandards for non-domiciled crew members on national flagships, and changes to international pay scales withemployers. It specifically promotes bilateral agreementsbetween labor supply country unions and beneficial owner-ship country unions.
Just a reminder, Europe will require ships to burn distillatefuels having a max of 0.1% sulphur by 2015 when tradingthere. About 50 North European business associations aretrying to get that changed to 0.5%. It seems someone final-ly did the math and concluded that the switch in fuel willraise shipping costs by 70%. In the meanwhile no one herein the US seems to have considered the impact the NorthAmerican SECA, which kicks in by 2012, will have.Surprise!
Mathew R. Simmons, energy investment banker and fatherof the “peak oil” theory, died August 8, 2010 at age 67. His2005 book “Twilight in the Desert: The Coming Saudi OilShock and the World Economy” may not have beenresponsible for the $147.27 price for a barrel of oil in July2008 but it did have an effect.
FUEL SAVINGS
HULL AND PROPELLER PERFORMANCE MONITORING
By Daniel Kane
Propulsion Dynamics Inc.
It is generally well known that the condition of the hull and
propeller have significant influence on the fuel efficiency of
a vessel. The IMO Ship Energy Efficiency Management
Plan (SEEMP) and Intertanko Tanker Energy Management
Plan (TEEMP) both outline hull resistance management as
a key technical area in fuel conservation and emission
reduction of ocean going vessels. According to the Marin
Institute (Netherlands) even a light slime can cause as
much as an 8% increase in fuel use. US Navy studies show
that heavy fouling can increase required shaft horse power
54% on a Frigate to maintain speed.
Monitoring vessel technical performance nowadays needs
a system able to correct for wind, waves, sea current, draft,
trim, fuel oil quality and measure the speed through water
with a high accuracy in order to be able to resolve the
speed lost as a result of hull and propeller condition rather
than external environmental influences. Shipowners using
such a hull and propeller performance monitoring system
typically polish propellers more often (2 or 3 times per year,
depending on ship size) and also carry out husbandry dur-
ing light marine growth stages, yielding worthwhile fuel
savings but before the onset of heavy fouling (which is
more difficult to remove and damages the hull coating).
In addition, a hull and propeller performance monitoring
system should tell which older ships are in need of a full
white metal blast when docked. One well known container-
ship company announced in June 2010 that they see a 5%
difference in fuel efficiency attributed solely to selection of
coating supplier. (that’s $50K for every $1M in annual fuel
bill).
The IMO SEEMP suggests that shipowners need to main-
tain smoothest hull resistance for lowest exhaust emissions
and the Intertanko TEEMP describes 'propulsion resist-
ance management' as a viable tool for reducing emissions.
If you look at energy efficiency, many shipowners have
picked all the ‘low hanging fruit’ already, and it is now time
to embrace more sophisticated, long term energy efficien-
cy initiatives. Hull and propeller performance monitoring is
one such technology with savings of 3% - 5% common
within 2 years.
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CHANGE OF COMMAND
Captain Bob O’Brien USCG (ret), Captain of the Port of NY,celebrated his retirement from the USCG at the start of thesummer. Bob, and his wife Martha, were true friends of theCMA, and were frequent visitors. Bob knew many CMAmembers and their companies first hand. We hope youenjoy the two photographs Carleen Lyden-Kluss kindly pro-vided. We are particularly pleased with the one of Bob andMartha together, as I think we all appreciate how importanta wife’s support can be in the constantly moving world ofthe USCG. We thank Bob for his years of service and weall wish him and Martha the very best and hope to seethem back in Connecticut again soon.
We are also pleased to introduce the current Captain of thePort of New York, Captain Linda Fagan in the secondphoto.
Captain Fagan comes to Sector New York after a twenty-five year career that has taken her to all seven continents,from the snows of Ross Island, Antarctica to the heart ofAfrica, from Tokyo to Geneva, and many points in between.After graduating from the Coast Guard Academy in 1985,Captain Fagan served for two years as a deck watch officeron board the USCGC Polar Star out of Seattle. After tripsto both the Arctic and Antarctic, she began her marine pre-vention career as an Inspector trainee at Marine SafetyOffice Puget Sound and served as a Marine InvestigationOfficer at MSO Mobile. Her next assignment was in NewOrleans, first in Industry Training with the New OrleansSteamboat Company, then as a Marine Inspector and theSupervisor of the Harvey Canal detail at the MSO. AnotherSouthern city was next and Captain Fagan moved on tobecome the Chief of Port Operations in Savannah. Thehighlight of this tour was the planning and execution ofwater-side security for the Olympic sailors at the 1996Summer Games.
Following graduate work in Seattle, Captain Fagan becamethe Division Chief of the Foreign and Offshore ComplianceOffice (then G-MOC) at USCG Headquarters. There she
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managed the Coast Guard's Port State Control Program,and developed and implemented QUALSHIP 21. After herheadquarters tour, she was assigned as the ExecutiveOfficer of Marine Inspection Office/Activities Europe inRotterdam, the Netherlands. She later attended theIndustrial College of the Armed Forces in Washington,D.C., and then moved to her most recent assignment asExecutive Assistant to the Commandant and Vice-Commandant.
Captain Fagan has worked with both the InternationalMaritime Organization and International LaborOrganization on flag state and port state issues includingdevelopment of the International Ship and Port SecurityCode (ISPS), and the Consolidated Maritime LaborConvention. She has a B.S. in Marine Science from theCoast Guard Academy, a Masters in Marine Affairs fromthe University of Washington, and a Masters in NationalSecurity Strategy from the Industrial College of the ArmedForces. Her awards include the Legion of Merit, Meritorious
12
Service Medal, three Coast Guard Commendation medals,and the Arctic and Antarctic Service medals.
Captain Fagan’s husband is an elementary school librarianand former Coast Guard aviator. Her oldest daughterheads off to college this summer and her youngest daugh-ter will be a high school junior.
Fairfield County. Mr. Skaarup chose Connecticut for itsproximity to New York but, more importantly, for its schoolsand charm as he and his wife Gerda Emilie raised theirthree girls.
But that is only a small part of his legacy, which includedservice in the US Army, where he was instrumental in load-ing the ships bound for France during the Normandy inva-sion, a task he often referred to as his most fulfilling achieve-ment. He concluded his military service as a Major. After thewar, he designed and built what many call the first moderndry bulk carrier with the Wallenberg family as partner.
He built Skaarup Shipping on a model he held true in hisheart and mind, on the principles of delivering transporta-tion service to his customers. His best deals were longterm charters where ships were built to serve specifictrades and commodities and then reliably delivered fordecades. He took enormous care of his ships and theircrews. Once he invited former Congresswoman HelenBentley, an outspoken critic of open registry shipping,aboard his Liberian Flag conveyor belt self-unloading bulk-
Ole Skaarup, Chairman of Skaarup Shipping in GreenwichConnecticut, passed away June 11, 2010. He was anindustry icon. In business, politics and entertaining, Mr.Skaarup was frequently larger than life, always original,and deeply patriotic.
It was Mr. Skaarup’s and Jacob Stolt Neilsen’s move fromNew York City that gave birth to the now enormousConnecticut Maritime cluster and today part of his legacymust be the important international maritime industry in
CMA COMMODOREOLE SKAARUP – 1916 - 2010
13
er, Melvin Baker. The vessel, then 30-years old, was finallyscrapped at age 53, after moving over 38 million tons ofcargo in her lifetime. He gave Congresswoman Bentleywhite gloves as he guided her through the spotless engineroom. They became mutual admirers even if neitherchanged the other’s thinking.
But he could also be an astute market timer, and was atrusted business colleague to numerous banks, expendingand contracting his fleet of ships as markets moved.His passion for solving charterer challenges helped fuel hisequally strong passion for designing ships and cargo sys-tems. His self-unloaders were only one example. Followingthe fall of the former Soviet Empire, when the peace divi-dend turned towards revitalizing US shipyards, he com-bined his design concepts with another passion, beggingand preaching and lobbying Washington to take US ship-ping and shipbuilding seriously. He believed strongly that anation should have a vital shipping industry and that USyards could compete on an international stage.
He would visit Congressmen whenever he was inWashington and testified before presidential commissions.His was frequently a lone voice of reason tellingWashington that shipping is important. FormerCongressman Christopher Shays once told Mr. Skaarup onthe uphill fight he faced in pursuing his goals for shipping,“On the prospects of this shipping bill passing – See thislarge pile of letters? Every one of them has a reason whyshipping is not important now. See this one letter? It’s fromyou telling me why shipping IS important.”
But Mr. Skaarup never tired of the fight and, at one point,had both the former Director of the US ShipbuildingCouncil, John Stocker, and former Federal MaritimeCommissioner and articulate Washington insider, RobQuartel, on his staff and team.
For many in the shipping community, Mr. Skaarup will beremembered for his enormous talent at public speaking,music and joke telling — a powerful skill he would use tocheer large or small crowds. He would commandeer apiano at a small taverna on Hydra and sing ribald songswith a crowd standing around the piano. Or he would playa recital at his home in Greenwich for a fortunate few, hisfingers moving with his love of music across the keys.
And then, of course, there were his tour de forces at theCMA annual Gala dinners, where he would hold a crowd ofnearly 1,000 in rapt, frequently hysterical, attention as hepoked fun at his dear friends from the maritime community.
USING THE CMA NAME
Just a warning to anyone that is involved in the annualCMA Shipping show as an exhibitor, sponsor, supportingorganization or more……There is a company based inMexico City that is sending out under the name of Expo-Guide that is targeting our show supporters and encourag-ing them to sign up to appear in the Exhibitors Directory inthe Expo-Guide. This has nothing whatsoever to do withthe CMA, nor do we condone it and have written a ceaseand desist letter to them to stop using our good name,which they have ignored. If you have received a letter andhave any doubts as to its legitimacy, please call me at+1.203.406.0109 Ext 3717 or email me [email protected]. The letter references theCMA Shipping Conference and Exhibition, Stamford andshould be placed immediately in the trash. If it doesn’thave my name on it, it is a fake, and in any case, we will notstart sending out listing requests to our show supporters forthe CMA Shipping 2011 Official Exhibit Guide until early2011.
Thank you for your attention and apologies from the CMAfor those who have received it and have been duped.
Lorraine ParsonsEvent Director, CMA
WARNING – EXPO GUIDEDIRECTORY SCAM
Who else could have called Gerhard Kurz, when he wasone of the most powerful charterers and owners in theworld as the head of the Mobil fleet, the “Fuhrer” in front of1,000 CMA guests?
He was the CMA’s first Commodore, a role he took on inhis generous way to assist the fledgling community’sgrowth. He always demanded the Association do more,and would threaten not to attend the annual conferenceand Gala Commodore dinner. But then he would make agrand entrance, French horn in tow, or dressed as anAdmiral, or ready to be jump started by Richard duMoulinfollowing what Ole always called “D1”, referring to the timeat an ABS meeting during which he did, in fact, die, only tobe resuscitated.
There appears to be no second resuscitation and so weare all left with a terrible hole where a man for whom lifewas truly rich and special once spurred us on to be betterthan we might otherwise have been.
Successful record of implementing cost-reduction processes by introduc-
ing cutting edge technologies.
Superior management skills and ability to communicate ideas clearly and
effectively.
Permanent resident in the USA.
Contact: Capt. Shaikh Abdullah
Cell: +1 (516) 495-9284
E-Mail: [email protected] (S10-04)
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Candidate 3:: Prep school junior & applicant to the USNA, USMMA, andUSCGA seeks "hands-on" summer internship in maritime related organi-
zation. As a coastal Fairfield County resident and lifelong sailor, President
of Kent School Sailing Club and with family legacy of leaders within the
Maritime Industry, and graduates of Annapolis and Kings Point, I wish to
broaden the scope of my knowledge in preparation for the application
process to the aforementioned US Federal Academies and for a career in
the civilian maritime, US Navy or US Coast Guard. References readily
available upon request.
Randolph R. Johnson, Jr.
32 Birch Rd., Darien, CT 06820
Home Phone (203) 656-1094
Kent School Phone (860) 927-5801
Email: [email protected] (S10-05)
HELP WANTED
NOTE: two months of running your ad in this newsletter costs companies
only $200 - and it has proven to be THE place to be seen and answered.
Position A: Senior Commercial Manager
TBS Logistics Inc., Houston, TX.
TBS Shipping is a publically-traded, full service shipping company provid-
ing its clients with its "Five Star Service" for bulk/break bulk/project/liner
services.
With a fleet of 23 handysize/handymax bulk carriers & 25 multipurpose
tweendeckers, complemented by time chartered tonnage, TBS serves a
diverse client base of approximately 300 customers in 20 countries.
We are looking for an experienced, entrepreneurial Break Bulk
Commercial Manager to work in our Chartering Dept in Houston, TX,
Wanted: Host CompaniesInterns are looking for positions.
If interested in reviewing RESUMES,
Please contact Margaret Nicks
SITUATIONS WANTED
Candidate 1: Massachusetts Maritime Academy has excellent graduatesand interns who need your support.
If your organization is interested in a job candidate or student intern, the
International Maritime Business Program at Massachusetts Maritime
Academy has graduates and students that might suit your needs very
well. These students understand the intricacies of international maritime
business and
are proud representatives of a disciplined, regimented maritime educa-
tion.
They take courses in in Finance, Accounting, marketing, Economics,
Admiralty Law, Chartering & Brokerage, E-Commerce,Logistics/Supply
Chain Management, Marine Insurance, to name a few. The internship
periods are July-August and January-February.
If you have an opening or an interest in obtaining additional information on
this program, please contact the Department Chair, Dr. Bani Ghosh at
[email protected] at your convenience
(S9-04)
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Candidate 2:: Seasoned Shipping / IT ExecutiveMaster Mariner (UK), MBA (City University, NY)
Over 17 seagoing experience including Tankers, LPG, LNG, General
Cargo, Container Ships, Bulk Carriers etc.
Over 10 years experience managing multinational ship owning/operating
company IT systems including overseas offices and ship to shore com-
munications.
Over two years of network support for top Wall Street bank.
Proven record of planning, procuring and implementing complex systems,
including ship management, equipment control, vessel tracking and per-
formance monitoring.
The CMA Job Mart is designed to match qualified candi-dates with good positions. Over the years, this servicehas proven to be extremely valuable to both job seekersand potential employers. Ads seeking to fill positions will
run for two months at a rate of $200. Candidates seeking employment must be a CMA member at a rate of $50 per year or
$25 per year for students.
To become part of the Job Mart please call (203) 406-0109 or
email: [email protected] The latest Job Mart is always accessible on the CMA website at: http://www.cmaconnect.com
JO B MA R T
14
USA. The individual will have the full support of an integrated global trans-
portation provider.
Qualifications
10 Years as Chartering/Commercial Manager with a Principal
Extensive experience managing liner/parcel voyages
Broad knowledge of time charter and voyage charter parties
Ability to identify/analyze/execute profit-making opportunities
Established contacts in the Houston freight forwarding community
Proven track record of success
Fluency in Spanish a plus
We offer excellent salary & benefits.Must be eligible to work in the US. For
a complete listing of current employment opportunities with TBS, please
visit our website www.tbsship.com.
Company: TBS Shipping
Fax: +1 (914) 793-2519
E-Mail: [email protected]
Website: www.tbsship.com
Notes: Please send resume with the subject TBSCHART-3 on all trans-
missions
(HW08-10)
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Position B: Ocean Freight Sales Manager
TBS Logistics Inc., Houston, TX.
TBS Shipping is a publically-traded, full service shipping company provid-
ing its clients with its "Five Star Service" for bulk/break bulk/project/liner
services.
With a fleet of 23 handysize/handymax bulk carriers & 25 multipurpose
tweendeckers, complemented by time chartered tonnage, TBS serves a
diverse client base of approximately 300 customers in 20 countries.
We are looking for an experienced Ocean Freight Sales Manager in our
Houston, TX, USA. The individual will have the full support of an integrat-
ed global transportation provider.
Qualifications
5 Years experience selling Ocean freight or related services
Ability to manage multiple accounts
Demonstrated ability to close deals
Established accounts in the Houston freight forwarding market
Proven track record of success
We offer excellent salary & benefits. For a complete listing of current
employment opportunities with TBS, please visit our website www.tbs-
ship.com.
Company: TBS Shipping
Fax: +1 (914) 793-2519
E-Mail: [email protected]
Website: www.tbsship.com
Notes: Please send resume with the subject TBSOFS-3 on all transmis-
sions
(HW08-10)
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Position D: Operations Manager
Nordic Tankers (USA) Inc. is offering a position for a knowledgeable and
experienced person to handle vessel operations in our Stamford,
Connecticut office. This position involves the day to day operating of 4-6
chemical tankers.
Background: Nordic Tankers (USA) Inc., is a division of the Nordic
Tankers A/S, located in Stamford, CT. The Stamford office operates a fleet
of approximately 25 chemical tankers ranging from 8-20,000 MT dead-
weight. Nordic Tankers is a Danish shipping company listed on the OMX
Nordic Exchange and headquartered in Copenhagen. Nordic Tankers
owns, wholly or in part, 15 tankers and operates about 55 chemical
tankers. The chemical tankers are in the range of
3,500-20,000 dwt and Nordic Tankers handles commercial operation and
the major part of the technical management as well.
As Operations Manager your main tasks will be:
* Communicate with Masters, head owners, charterer's, agents etc.
* Propose and follow up on stowage to/with the Master Minimize voyage
operating costs against voyage estimates to maximize profit.
* Ensure vessel operations are in compliance with all charter party terms
as well as local and international regulations.
* Monitor and coordinate bunker deliveries to the vessels in a cost effec-
tive manner.
* Appoint agents and approve port disbursements through DA Desk.
* Create and distribute freight invoices and monitor payments.
* Review and approve bills of lading.
* Calculate preliminary demurrage.
* Check and approve 3rd party invoices
Key Qualifications:
* Maritime College Degree
* USCG Third Officer license or higher
* Three years sailing and/or office experience on chemical or Oil tankers.
* Experience in working in a team environment.
* Good knowledge of tanker charter parties and applicable maritime
laws.
* Strong communication, analytical and computer (Excel) skills required.
* Must be a U.S. citizen or equivalent
What we offer: An inspiring environment with a strong culture and good
opportunities for professional and personal development. In addition, we
offer a highly attractive remuneration package, 401K plan with generous
employer contributions and excellent health and dental plans.
Contact: Rich Varnot
E-Mail: [email protected]
Website: www.nordictankers.com
For more information, interested candidates should contact: Rich Varnot
(HW09-10)
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Position F: Tanker Operations
Excellent shore-side opportunity with private company based in Fairfield
County. Organization currently manages a fleet of modern tankers.
Successful candidate to manage all aspects of CPP operations. Duties to
15
include 24/7 communiqué with fleet, local agents, manning agent, etc.
Manage port calls with current contracts (e.g. agents/towage/etc) to main-
tain most economical call making best efforts to maximize voyage earn-
ings. Following completion of voyage, complete thorough review to ensure
all costs directly for Charts account are invoiced accordingly. Work close-
ly with demurrage analyst to provide required information to complete lay-
time calculations per governing C/P terms. Maintain both current towage
and agency agreements to ensure best quality of service in an economi-
cally amicable fashion. Liaise with both technical director and marine
superintendents for quarterly ship attendances per company ISM proce-
dures. Opportunity to train for full chartering duties in anticipation of char-
tering manager absences.
Experience/Education: Minimum 3 years in tanker operations. Marine
Transportation or Engineering degree preferred. Candidate must have
good computer/writing. Offering an incredibly competitive salary commen-
surate with experience. Competitive annual bonus basis overall company
performance. Full insurance benefits and pension covered by company.
Great growth potential!
E-Mail: [email protected]
Notes: Please send resumes in confidence
(HW08-10)
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Position G: Inside Sales Engineer
Lower Fairfield County, Connecticut
Don’t even call unless you are truly an awesome salesperson. You have a
burning desire to succeed, are extremely customer oriented, highly moti-
vated, always positive and never give up. You develop deep and meaning-
ful rapport with your clients and communicate with piercing persuasive-
ness. You believe you can be the best at almost anything you do, and you
can prove it. We are looking for an energetic individual, READY TO
WORK, and join our inside sales team.
DO NOT CALL UNLESS YOU FIT THIS BILL.
Excellent salary and benefits with great opportunity for upward mobility.
Build an empire within our fine progressive company.
Who we are:
We are a fast growing, International Marine Parts Dealer procuring and
supplying machinery and systems for ocean going vessels. Position will
deal with Customers and manufacturers from around the world.
The individual will be responsible for:
In depth Research and Sourcing, Shopping, pricing and quoting of requi-
sitions; Finding, creating and maintaining relationships with manufactur-
ers worldwide.
Quoting and closing of orders with customer base; Maintaining the high-
est quality of Customer Service for our clients while always displaying
empathy; Keeping in constant contact with all customers.
We ONLY hire Top Producers / Outperformers.
E-Mail: [email protected]
Please E-Mail Resume (HW09-10)
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16
UP COMING EVENTS
SAVE THE DATES
SEPTEMBER 2010Thursday, September 30, 2010
CMA Luncheon
Speaker: To be announced
Water’s Edge at Giovanni’s II
2748 Post Road, Darien, CT 06820
Cash Bar: 12 Noon, Seating for Lunch: 12:45 pm
CMA Member $40 / Non-Member $45
OCTOBER 2010Thursday, October 7, 2010
Sixth Annual CMA 12 Meter RegattaRacing out of Indian Harbor Yacht Club, Greenwich, CT
Post-sailing Reception & Prize-giving at
Indian Harbor Yacht Club
See page 7 for more information
Wednesday, October 27, 2010 (note change of day for this one!)
CMA Luncheon
Speaker: To be announced soon and look for
a very big name – you won’t want to miss this one!
Water’s Edge at Giovanni’s II
2748 Post Road, Darien, CT 06820
Cash Bar: 12 Noon, Seating for Lunch: 12:45 pm
CMA Member $40 / Non-Member $45
For Reservations for all CMA Events please call Lorraine at +1.203.406.0109 Ext 3717
Visit http://www.cmaconnect.com for more info.