VOLUME XVII, NUMBER 8SSP
2000
NOVEMBER T2011
N E W S L E T T E R
O n e S t a m fo rd L a n d i n g , 6 2 S o u t h f i e l d Av e nu e • S t a m fo rd , C o n n e c t i c u t • 0 6 9 0 2
UP COMING EVENTS
PRESIDENT’S NOTES
SAVE THE DATES
Over the last few weeks I had the opportunity to visit the
campuses and speak with students, faculty and fellow
alumni at both of my alma maters, Kings Point and SUNY
Maritime. Just days before I attended Kings Point’s homecoming weekend I heard that Superintendent RADM Philip
Greene Jr. (class of 1978), former CMA luncheon speaker
and Shipping 2011 participant, had been reassigned.
Subsequently, the conversations at Homecoming about
this disturbing news were somber. Faculty, students and
alumni all expressed frustration and loss for a man who
provided much needed leadership under trying circumstances at the Academy. He made a big impact at the
Academy in a short timeframe. Secretary of Transportation
Ray LaHood reassigned Admiral Greene to a new
Department of Transportation position at the National
NOVEMBER 2011
Please note there will be no CMA Lunch this month
due to Thanksgiving. If we are able to get the
speaker we want we will plan a lunch in
mid-December instead. We will keep you posted!
DECEMBER 2011
Tuesday, December 6, 2011
CMA Annual Holiday Party
6:00 pm – 10:00 pm
CONTENTS
The Royal Green at Sterling Farms
1349 Newfield Avenue, Stamford, CT
We invite our members and their guests to
Come Celebrate the Season at our Annual Party
Free of charge to CMA Members and guests
(All we ask is that you bring an unwrapped toy for the
U.S. Marine Corps. sponsored “Toys for Tots” program OR
make a cash or check donation to the
CMA Education Foundation (any donation welcome) –
checks can be used as a tax-deductible receipt)
For Reservations for all CMA Events please call
Lorraine at +1.203.406.0109 Ext 3717
Or email [email protected]
Visit http://www.cmaconnect.com for more info.
1
President’s Notes
—page 1
From the Editor
—page 3
Scenes from the CMA's October 27th Lunch
—page 5
Market Commentary
—page 6
Membership Notes
—page 7
You’ve got questions? We’ve got answers…..
“Sea” Your Future
—page 8
Air Quality and Emissions News
—page 9
Connecticut’s Ports and the
Third Lane of the Panama Canal
—page 10
Piracy – They know. We know. What now?
—page 11
Business of Shipping Intensive II
—page 11
Job Mart
—page 12
•
CMA INFORMATION
Defense University. This reappointment was not Admiral
Greene’s decision and his final words to the regiment were
“God Steer Thee Well Kings Point.” We may never fully
comprehend the reasoning and few, if any I spoke with,
agree with MARAD’s decision. I hope the phrase, “when
one door closes another opens” holds true for Admiral
Greene and for Kings Point, both valuable resources for the
maritime industry.
•
OFFICERS
PRESIDENT
Beth Wilson-Jordan
P: (203) 249-7551
Email:
[email protected]
SECRETARY
Tony Backos
P: (646) 361-4061
Email:
[email protected]
VICE PRESIDENT
Molly McCafferty
P: (203) 406-3448
F: (203) 965-7850
Despite the news of the Superintendent’s departure and
the sad outcome of the football game, Kings Point’s alumni
community was well represented and always makes
Homecoming a positive experience. I enjoyed participating
in my husband’s 25th reunion and speaking with several
CMA members throughout the weekend. During the weekend festivities CMA member, Jack Noonan received the
2011 Prosser Achievement Award for his love and never
ending passion for the Academy and Kings Point athletics.
Congratulations Jack! I also met Kings Point alumnus John
Jacobsen, a Port of Miami harbor pilot and author. He has
written a humorous novel, Commodore of Errors about the
plot to oust the Superintendent of Kings Point. The timing
of this fictitious novel was not lost and I purchased a copy
to add to my growing list of books. Laughter is the best
medicine. John has sent a copy of his book to raffle off at
our next CMA luncheon!
Email: [email protected]
TREASURER
Charlie Tammara
P: (203) 662-2604
F: (203) 662-2786
Email:
[email protected]
GOVERNORS & COMMITTEE CHAIRS
MEMBERSHIP
John Kulukundis
P: (203) 550-1720
Email:
[email protected]
SOCIAL
Len Faucher
P: (203) 629-2300
F: (203) 629-9101
PLANNING & ADMIN
Ian Workman
P: (203) 863-0001
F: (203) 863-0055
Email: [email protected]
COMMUNICATION
David Fillis
P: (203) 662-2668
F: (203) 662-6610
Email: [email protected]
Email: [email protected]
EDUCATION
Margaret Faucher
P: (360) 870-7105
MEMBERSHIP LIAISON
Kim Edwards
P: (203) 548-7444
F: (866) 548-7720
Email:
[email protected]
On the other side of Long Island Sound, the vibe was much
different when I participated in an external peer review of
the Global Business And Transportation Department at
Email:
[email protected]
THE CMA HOME PAGE ADDRESS
www.cmaconnect.com
IS
LETTERS TO THE EDITOR & NEWSLETTER
Donald B. Frost
P: (203) 406-0109 • F: (203) 406-0110
Email: [email protected]
JOB MART: Lorraine Parsons/Cari Koellmer
Email: [email protected]
EVENTS & WEB: Lorraine Parsons
Email: [email protected]
2
SUNY Maritime. The administration at SUNY has seemingly figured out the formula for success within the SUNY system and for attracting students to all of their many programs. The unique mix of regimental, license, International
Trade, non-license, undergraduate and graduate students
seem to be working. SUNY continues to plan and to build
including a new academic building with classrooms, lecture
halls and offices.
FROM
THE
EDITOR
Thanks to Brad Berman we had a very interesting panel of
speakers for October’s luncheon which discussed the
“Challenges in the Financial Markets faced by Ship
Owners” in today’s freight markets. Brad, a Partner at the
law firm Holland & Knight and a former President of CMA
(he preceded yours truly), was joined by another Holland &
Knight Partner, Jim Hohenstein, Courtney Tuttle, MD at the
investment bank Jefferies & Co., and Capt. Shashank
Misra who has many years experience financing ships and
operating them and who is also Managing Partner at
Centauri Maritime.
As Thanksgiving approaches, I have been blessed in so
many ways and I am grateful to serve the association and
to do so alongside a wonderful and talented Board of
Governors supported by the hard working and dedicated
Lorraine Parsons, Don Frost, Jim Lawrence, Kim Edwards,
Elisa Bybee, Julia Hull and Cari Koellmer and the many
CMA members who contribute in ways big and small
throughout the year.
Brad provided the issues and the panelists gave their
views. The issues were simply stated and the answers
were informative. The Q&A period was a bit short considering the depth of the questions. Nonetheless, our almost
90 attendees learned what is happening and what could
happen as newly built ships continue to join an already
oversupplied fleet.
I wish you all a very Happy Thanksgiving and look forward
to seeing you at the Christmas Party on December 6!
Beth Wilson-Jordan
CHRISTMAS AT SEA
Gala & Auction
C
You are invited to an elegant evening
featuring a magnificent auction,
cocktails and hors d'oeuvres benefiting
The Seamen's Church Institute.
For more information,
contact Carrie Christensen,
SCI's Special Event Coordinator at
212-385-6391 or
[email protected].
Learn more at seamenschurch.org
hristmas at SEA
& Auction
GALA
T uesday, November 29, 2011
6 P.M. – 8:30 P.M.
THE UNION LEAGUE CLUB
38 East 37th Street • New York City
3
The Seamen’s Church Institute
241 Water Street
New York, NY 10038
212-349-9090
Following the October luncheon the Halloween snow and
wind storm made trick and treating a bit one sided toward the
trick side. For those of you who lost power at home we share
your pain, and hope that you and your families are safe.
Greek finances. Anyway, starting in January I am going to
try to abstract Emeka’s paper and give you some of background information that he has gathered. I think you will
find them interesting.
Coming up later this month (Nov 16-18) the Society of
Naval Architects and Marine Engineers (SNAME will hold
its annual meeting in Houston. Besides the usual technical
presentations a distinguished panel will talk about “risk” in
all of its forms, “risk management” and the Ten
Commandments of quantifying risk in the maritime world
by John Davanney (not all numbers -some great stories). I’ll
speak a bit on the new forms of commercial risk brought on
by the commoditization of the shipping industry. It will be a
great opportunity to share CMA with the techies.
Last month you learned a little more about the CMA
Education Foundation. The idea has been around CMA for
15 or more years but thanks to the leadership of Beth
Wilson-Jordan and others, as well as some hard work by
your Board of Governors, especially Margaret Faucher, it is
here. You will hear more about the Foundation and its plans
in the coming months. Along with the work on the
Foundation there was work on another foundation – the
underpinnings of CMA and its operations. The Conference
and Trade Show always had a budget, but now we have the
tools to manage the over-all operations of the association
better. On the topic of finances, I am pleased to announce
that once again our annual audit has turned up no problems or recommendations. As an association we are in
good health.
Many months ago we published a two part paper on
Nigeria’s maritime activities from our new member in
Nigeria, Emeka Onyenforo. Emeka likes to write and he
does it well, but his recent twenty page submission on
Somali Pirates is a bit overwhelming. I have to admit I have
been steering clear of the piracy issue not because it is not
important but because I feel that everyone wants to talk
about it but no one seems to be able to do anything about
it. Kind of like the issue of jobs in the United States or
Next time you see me at an event come and tell me what
you do not like or would improve at CMA. Without your
feed-back we can not improve.
–Donald Frost
4
SCENES
FROM THE
CMA'S OCTOBER 27TH LUNCH
Topic was: “Challenges in the Financial Markets faced by Shipowners” – with a panel, featuring:
Moderator: Brad Berman, Partner, Holland & Knight LLP
Jim Hohenstein, Partner, Holland & Knight LLP
Courtney Tuttle, Managing Director, Investment Banking, Jefferies & Company, Inc.
Shashank Mishra, Managing Partner, Centauri Maritime, LLC
Photos courtesy of Gail Karlshoej
5
markets. Therefore traders used shipping markets as a
proxy for the commodities themselves. The problem was
how to transform the price movement into a paper instrument that could be traded. Providentially for the traders this
was also about the time that ship owners were either discovering or becoming comfortable with the uses of Forward
Freight Agreements. Traders, already comfortable with the
use of Indices, jumped on the freight band wagon and contributed their own fuel to the fire that was the shipping market of 2005-2009.
MARKET COMMENTARY
By Donald Frost
The Commoditization of Shipping…
and how the shipping industry
got to today’s precarious situation.
The deflationary trend in commodities and raw materials
prices that resumed after the Korean War came to an end
about 1997 as China started its final offensive to be admitted to the World Trade Organization. The run up in commodity prices from about 2002 that was spurred by China’s
pre-Beijing Olympics build-out was marked by changes in
pricing of almost all commodities and raw materials that
occurred slowly and quietly at first, and then quickly sped
up and once started it was very hard for traders to take
advantage of the price changes.
In an inflationary market, or one that is marked by an inflationary trend (as still exists today in spite of the global economic changes since 2009) mark to market was the way to
determine hypothetical value. We saw those effects in the
booming freight markets of 2006-2008/9 in the seemingly
irresistible urge to order still more ships. However, shipping’s rush to build new ships so far exceeded demand
that it was inevitable that rates would fall and mark to market in a falling market is painful if not disastrous.
As traders tried to catch up it was apparent that the
demand for ships lagged what they were seeing in their
Previous shipping down-cycles were essentially the effect
of relatively short term imbalances between supply (of
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ships) and demand (for them). Historically the supply of
ships has always exceeded demand, but never to the
degree that we have today. As a result today’s shipping
down- cycle is likely to last longer because the commodities are still in demand. That is, some commodities have
seen declines in pricing but their supply is vulnerable to
rapid rise if any of the BRICs were to pick up their economic pace even a little. With ships the decline in ship
prices and freight rates have been impacted disproportionately to those of the cargoes they were built to carry. To
quote a recent comment from Dr. Martin Stopford, Director
of Clarksons, “The pain has only just begun.”
MEMBERSHIP NOTES
Please welcome our new members.
Art Allen, Chartering Manager, Fairfield Chemical
Carriers, Wilton, CT
Vanessa Anderson, Chartering Operations, Liberty
Maritime Corporation, Lake Success, NY
Ryan Elwell, Student, New York Maritime College,
Eastchester, NY
Ana Liz Figueroa, Student, SUNY Maritime College,
Bronx, NY
In the meanwhile, as we heard at the Oct 27th luncheon,
there are private equity funds that still see shipping as a
potentially profitable sector. The reasoning goes beyond
the usual asset play model of buying a ship at a market low
(or near to it), trading the ship while breaking even or even
losing a little, and sell it as the freight market rises and
therefore second hand ship prices. The new asset model
appears to be to buy new or nearly new ships or even fleets
at depressed or desperation prices, trade the ship(s) and if
need be, accept deeper and or longer term losses than in
the old model against the expectation that the resale price
will be substantially greater than the losses and the net
being better than obtainable in other asset classes.
Ognyan Denchev Kostadinov, Varna, Bulgaria
Nicholas C. Ktorides, Dir. Corporate Finance, Glacier
Securities LLC, New York, NY
Michael A. Matulewicz, Graduate Student, SUNY Maritime
College, Bronx, NY
Jason Miura, Stamford, CT
John W. Moraites, Regional VP, Capacity Marine
Corporation, Mahwah, NJ
Paul Pappaceno, VP – Bus. Development, Bunkers
International Corporation, Lake Mary, FL
Robert Reynolds, Student, SUNY Maritime College,
Bronx, NY
The rationale, it seems, is a that rising costs of steel, labor,
and other production costs will continue to rise independent of freight market rates. With future new ship prices rising, second hand prices must rise also. Not considered, it
would seem, are the possible effects of the plethora of environmental regulations coming into force in the next few
years on ship values. How much time will regulators allow
before ships that were ordered/built before the implementation dates before they be compliant with 2015 standards?
It is highly unlikely that they will receive the same period
(19 years) that OPA allowed and “Future Proofing” has
proved to be almost impossible.
Brett Ruppert, Graduate Student, SUNY Maritime
College, Bronx, NY
Alex Soukhanov, Global Maritime and Transportation
School, Kings Point, NY
Chris Stafford, Operations, Fairfield Chemical Carriers,
Wilton, CT
Kevin Tewey, Operations, Fairfield Chemical Carriers,
Wilton, CT
Penelope Tsaini, Athens, Greece
Andy Wainwright, Sales Executive, Expeditors
International of Washington, Inwood, NJ
What can shipping do, if anything at all, to improve the current situation? Shipping 2012 will attempt to answer some
of your questions. Mark your calendars.
John Kulukundis
Membership Chair
7
Why Now? – This achievement was 27 years in the making! From its founding in 1984, the Connecticut Maritime
Association (“CMA”) has always supported maritime-related education. In recent years, the Education Committee
has distributed approximately $50,000 annually in the form
of scholarships and internship subsidies. As a 501(c)(3)
organization able to accept tax-deductible contributions,
the Foundation aims to provide much more financial assistance in furtherance of maritime education and awareness.
YOU’VE GOT QUESTIONS?
WE’VE GOT ANSWERS…..
“SEA” YOUR FUTURE
What Will It Do? – According to its mission statement, the
Foundation will “promote and support maritime-related
education through financial assistance, events, and
activities.”
What is 501(c)(3)? – Basically, it has been recognized by
the IRS as a tax-exempt non-profit educational association.
As such, the Foundation is eligible to receive tax-deductible
contributions, in accordance with the U.S. tax code, so long
as it does not actively engage in political and legislative
activities.
No, Really, What Will It Do? – The Foundation’s primary
activities will be: a) awarding scholarships to further maritime education; b) subsidizing paid internships for aspiring
maritime professionals; c) engaging and educating the
general public to promote the maritime industry and international trade; d) hosting career fairs; and e) special initiatives in cooperation with generous donors.
Care to Talk About Money? – We thought so. The
Foundation will initially be funded with $500,000 of seed
money from the CMA. The Foundation will actively solicit
additional funding (individual and corporate) from the maritime industry. The CMA Education Foundation welcomes
gifts made by check, money order or credit card.
Additionally, you can donate gifts of securities (stock,
8
bonds, and mutual funds), employer-matched gifts, and
make bequests to the Foundation.
from the shoreline of each of the Channel Islands off
California’s coastline.
What Else Should I Know? – Mr. Peter Drakos, a former
president of the CMA, will be the Foundation’s President.
All members of the BOD will be CMA members in good
standing. No slackers! However, the Foundation will be a
separate legal entity from the CMA. The CMA Education
Foundation is designated a tax-exempt institution under the
Federal Internal Revenue Service Code Section 501 (c)
(3), and its tax ID is 27-5437946.
A small region is exempt from the regulatory requirements
to encourage vessels transiting to and from the Ports of
Los Angeles or Long Beach to use the established shipping
lanes in the Santa Barbara Channel.
Revised fuel requirements _
The fuel requirements have been revised as follows:
• Phase I July 1, 2009* Marine gas oil (DMA) at or below
1.5% sulphur; or marine diesel oil (DMB) at or below
0.5% sulphur
• August 1, 2012** Marine gas oil (DMA) at or below
1.0% sulphur; or marine diesel oil (DMB) at or below
0.5% sulphur
• Phase II January 1, 2014*** Marine gas oil (DMA) or
marine diesel oil (DMB) at or below 0.1% sulphur
* No change from the existing requirements.
** Marine gas oil sulphur limit reduced from 1.5% to 1%.
No change in marine diesel oil limit.
*** Implementation delayed from 2012 to 2014.
How Can I Contribute Today? – We were hoping that you’d
ask! The CMA Education Foundation welcomes gifts made
by check, money order or credit card. Additionally, you can
donate gifts of securities (stock, bonds, mutual funds),
employer-matched gifts, and make “planned gifts” (e.g.
bequests) to the Foundation. To make a donation by check,
please make your check payable to CMA Education
Foundation Inc. and mail it to the address below. For all
other types of gifts, please contact us directly.
Get Involved – In addition to donors, we also need doers.
We welcome your comments and/or involvement. Please
contact us if you have questions or would like to get
involved in one of our activities.
Changes to the Non-compliance Fee Provision
Provides the option to pay a fee in lieu of direct compliance
with the regulation revised as follows:
* The non-compliance fee is halved for vessels that purchase compliant fuel during their port visit and use the
fuel in port and on departure from port while in regulated waters.
* Offshore anchorages made in conjunction with a port
visit are not counted as a second port visit when calculating non-compliance fees.
* The fee schedule is revised, as shown below:
Who Has More Info? – Kindly contact Margaret Faucher at
[email protected] OR
CMA Education Foundation Inc.
c/o Connecticut Maritime Assoc. Inc.
One Stamford Landing, Suite 214
62 Southfield Avenue
Stamford, CT 06902
E-mail: [email protected], www.cma-edu.org
AIR QUALITY AND
EMISSIONS NEWS
California port visits Amended per-port visit fee* Fee prior
to amendments
1st port visited
$45,500
$45,500
2nd port visited
$45,500
$91,000
3rd port visited
$91,000
$136,500
4th port visited
$136,500
$182,000
5th or more visits
$182,000
$227,500
* Fee halved for vessels that purchase and use compliant
fuel during port visit.
The following courtesy of Lloyd’s Register
The California Air Resources Board (CARB) has endorsed
amendments to the OGV Fuel Regulation and advised that
the revised regulation will be enforced from December 1,
2011. The main changes are outlined below.
Further details at:
Regulatory boundary change
Thed new boundary includes the region 24 nauticalmiles
from the California shoreline, including 24 nautical miles
http://www.arb.ca.gov/ports/marinevess/documents/marinenote2011
9
CONNECTICUT’S PORTS
AND THE THIRD LANE
OF THE
PANAMA CANAL
By Donald B. Frost
In between foreign trips, when I was sailing as a ship’s officer, I worked as a cargo mate for Grace Lines and Grace
Lines Terminal (Pier 57 on the west side of Manhattan at
17th Street). Although we didn’t know it at the time, this was
the swan song of the break bulk liner business. The ships,
although larger, were mostly of World War II design updated with better accommodations, cargo gear and fitted with
refrigerated cargo capacity. New York’s harbor was humming with activity.
Below the passenger terminals around 42-46th street, the
west side of Manhattan was home to U.S. Lines, Grace
Lines, Holland America Line, United Fruit Line and others
that escape my memory. The tip of Manhattan as it meets
the East River had Brazil’s NETUMAR and other lines. The
Brooklyn side piers (Brooklyn Marine Terminal and Red
Hook Terminal) were very active. There were thirty or more
berths between the Erie Basin and the Brooklyn Army
Terminal. Ships frequented Staten Island’s Bush Terminal,
and the New Jersey berths from the Bayonne Army
Terminal to West New York had ship traffic. All this is gone.
Why?
Most of the NY piers were owned and/or operated by either
the bi-state Port Authority of New York and New Jersey
(a.k.a. the PA) or the NY City Dept of Marine and Aviation.
As the period I outline above was ending city planners were
struggling with the rapidly growing population of New York,
and the contest for land use between the piers and terminals, housing, recreation, retail and commerce in general.
This was Robert Moses’ finest hour and it was his vision,
driven by the need to move traffic through Manhattan, that
probably spelled the demise of shipping in Manhattan. Port
planners recognized that shipments were becoming bigger
and the method of cargo handling had to change. This was
the idea that was soon to be containerization.
There was also a political battle brewing between the City’s
Dept of Marine and Aviation and the PA over which organization would be the lead planning agency for the port. I am
told that the PA wanted to move most of the port’s cargo
operations to New Jersey where there was better access to
railroads as well as the New Jersey Turnpike. The City
balked and the PA acted. The emergence of containerization shortly afterward sealed the fate of New York’s piers.
Containerization is great for moving a lot of cargo quickly at
reasonable cost, but it requires a lot of space. Space to
receive the boxes before they are loaded aboard a ship,
space to receive the boxes that are on the arriving ships,
space to store the arriving boxes before they are picked up,
space to segregate import and export containers, space for
trucks, space for gates through which the trucks will pass
while their paper work is processed and space for security
inspections. I am probably forgetting a few other space
needs, but the ones listed here just speak to the needs of
the boxes.
The ships need space also. They need places to anchor, to
turn around, to take on fuel and/or perform minor repairs.
Of course they need places to dock the ships also known
as berths. The berth needs of containerships are far more
time sensitive than those of the old break bulk liner ships I
sailed. The key to the success of containerization is the
total transportation system and its ability to keep cargo
flowing. A slow down or stop doesn’t only cost ship time,
but also stevedore labor time, truck and driver time, “checker” (paper processing) time, rail interface time, and a greatly undervalued expense - the time-value of inventory intransit. Add the cost of ships’ pilots waiting, the cost of tug
boats waiting, the cost of security and cargo inspection
regimes waiting. It is the cumulative cost of all these functions that makes having a berth available immediately upon
arrival so important. That usually means to assure berth
availability on arrival more than one berth is needed for
each service or carrier. That is --- more port space is needed.
Manhattan doesn’t have this space and New Jersey does.
What about Connecticut?
Connecticut has three ports loosely described as “deep
water” – Bridgeport, New Haven and New London. The
advent of the widening of the Panama Canal has gotten
local newspapers and lately, some politicians, suggesting
that Connecticut’s ports might benefit from the new traffic
with an increase in jobs in the state. Until now all the ink
devoted to our ports has been about dredging. It is still a
very important step in creating jobs in our ports but probably will not result in container ships (even so-called “feeders”) calling here. As with New York, space is critical in cre-
10
ating a container port. However, space is not the only issue
in evaluating the viability of a container port, but it is certainly among the first considerations. The actual demand
for service, and cargo volumes, are probably the most
important.
BUSINESS OF SHIPPING
INTENSIVE II
Stamford, CT
Thursday, Nov. 10, 2011– 8:30am to 4:30pm
Friday, Nov. 11, 2011 – 8:30am to 4:30pm
PIRACY – THEY KNOW.
WE KNOW. WHAT NOW?
Location: Sheraton Stamford Hotel 700 East Main Street, Stamford, CT 06901
Courses are designed to give a broad and
comprehensive understanding of the maritime industry.
Check out the course outlines on our website:
www.asba.org "click on Education".
Piracy is increasing in scope and area.
There have been a record 352 attacks in the first nine
months of this year, up 22 percent from a year ago, the
Kuala Lumpur-based International Maritime Bureau's
Piracy Reporting Center said in a statement. Somali pirates
accounted for 199 attacks of those attacks,a 58 percent
increase from last year, as they expanded farther into the
Red Sea.
ASSOCIATION OF SHIP BROKERS &
AGENTS (U.S.A.), INC.
510 Sylvan Avenue, Suite 201
Englewood Cliffs, New Jersey 07632
Phone: (201) 569-2882
E-Mail: [email protected]
At this moment there are more than 50 vessels and more
than 800 seamen being held hostage, according to independent maritime monitors Ecoterra. Eleven captured vessels are said to be deployed as "mother ships" for further
raids, the EU naval force claims.
UP COMING EVENTS
SAVE THE DATES
The prize money pirates demand for releasing a vessel and
its cargo and crew is steadily increasing, and the overall
economy around this activity is believed to exceed 10 billion Euros every year.
NOVEMBER 2011
Please note there will be no CMA Lunch this month
due to Thanksgiving. If we are able to get the
speaker we want we will plan a lunch in
mid-December instead. We will keep you posted!
• Why are we unable to bring the activity to an end?
• Is this industry here to stay?
• Why do the navies of some countries come down hard
on the pirates while others let them go free?
• What does international law say?
• Should we arm the entire merchant shipping fleet?
• Does the presence of armed personnel on board lead to
an escalation of violence?
DECEMBER 2011
Tuesday, December 6, 2011
CMA Annual Holiday Party
6:00 pm – 10:00 pm
The Royal Green at Sterling Farms
1349 Newfield Avenue, Stamford, CT
These are just some of the questions that will be discussed
at the International Conference on Piracy at the Grand
Hyatt Hotel in New York City on December 1 being organized by Possibility AS together with the Norwegian Hull
Club and four other partners.
We invite our members and their guests to
Come Celebrate the Season at our Annual Party
Free of charge to CMA Members and guests
(All we ask is that you bring an unwrapped toy for the
U.S. Marine Corps. sponsored “Toys for Tots” program OR
make a cash or check donation to the
CMA Education Foundation (any donation welcome) –
checks can be used as a tax-deductible receipt)
For more info.visit:
http://www.linkevent.no/WebSite/?id=e9c39324-a1a6-46bb-849a-11d4fb1f9042
11
Skills
JOB MART
Well skilled in Microsoft Office Suite, accounting, budgeting, computer
networking, and shipboard operations.
Cell: +1 203 505 4752
E-Mail: [email protected]
The CMA Job Mart is designed to match qualified candidates with good positions. Over the years, this service
has proven to be extremely valuable to both job seekers
and 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.
(S11-10)
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Candidate 2: Seeking an opportunity in Finance in the Maritime or
Energy sector.
Young, experienced Marine Engineer, seeking an entry level Analyst position at an investment bank, private equity or VC firm.
Education: B.S., Marine Engineering, USMMA; Professional Certificate,
Investment Banking, New York University; Independent study, Harvard
Business School and MIT-Sloan School of Management.
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
I am a natural leader and a team player, who learns very quickly, and
operates with high accuracy and precision. I think creatively and work
analytically. I enjoy building relationships with industry players and deal
makers--seeking to add value in any way possible.
I would welcome any opportunity to discuss my experience and qualifications.
SituationS Wanted
Cell: 267.446.9628, E-Mail: [email protected]
(S11-02)
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Candidate 1: Company Security Officer / Ship Security Assessment
ICT based United States Naval Academy Graduate seeks position with
Candidate 3: Experienced Senior Financial Data Analyst
ship owner, operator or trading house looking to ensure that their officers
Experienced Senior Financial Data Analyst with in-depth experience and
and crew, vessels and cargo have implemented the best ship security
recognized talent for developing and maintaining financial forecast mod-
assessments, plans and drills.
els for a Fortune 100 Company. Significant experience with multi-dimen-
Effective and accountable in the most demanding of times. - I do not shy
sional data analysis and business intelligence tools. Reputation for being
away from the hard questions and the difficult solutions. I possess a
able to work with technology professionals to translate business needs
wealth of leadership experience from combat to the business. This expe-
into solutions. Strong Excel and Microsoft Access skills.
rience is consistent with a record of integrity and persistence.
*
13 years as a Financial and Senior Financial Analyst for IBM
Vision and Performance - I utilizes the skill set of "comfortability in chaos"
*
A fundamental understanding of data acquisition, interpretation and
to give clarity and focus to the multitude of tasks at hand. Identifying the
modeling
correct goals, "making known the unknowns", mitigating risks, and imple-
*
menting processes to ensure security, profitability and long term stability.
Experienced user of most corporate and PC based database and
analysis software including Essbase, MS Access, MS Excel, Lotus
Achievements
1-2-3 and Lotus Approach
Developed, coordinated, and implemented security plans to protect glob-
*
al commercial shipping interests from piracy on the high seas. Specialized
A unique ability to spot trends and patterns that other analysts might
not see
in the training of U.S. Special Operations Command forces and private
*
client protection.
Provided mentoring and training to younger finance analysts helping
them to develop the professional skills necessary to succeed in high
Lieutenant (O-3), SEAL Team, San Diego, CA. United States Navy,
pressure business environments
1991-2005
Contact: Marilyn Wentworth-Hanson
As a decorated Navy SEAL, conducted wartime/combat operations in
Telephone: 914 669 4614
Southeast Asia, Africa, and the Middle East. Responsible for mission
E-Mail: [email protected]
planning, unit training/readiness, and operations while leading his unit in
(S11-03)
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all facets of combat operations.
Operations included (but not limited to):
Candidate 4: Massachusetts Maritime Academy has excellent gradu-
• Trained and lead teams in hostage rescue/anti-terrorist operations.
ates and interns who need your support:
• Conducted and lead combat operations targeting insurgents and Al
If your organization is interested in a job candidate or student intern, the
Qaeda in maritime, jungle, and desert environments.
International Maritime Business Program at Massachusetts Maritime
• AIC ("agent-in-charge")/Head of Security for Prime Minister/Vice
Academy has graduates and students that might suit your needs very
President of Iraq.
well. These students understand the intricacies of international maritime
• Conducted security assessment reviews of U.S. embassy and govern-
business and are proud representatives of a disciplined, regimented mar-
ment facilities in Africa to include port facilities.
itime education.
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They take courses in in Finance, Accounting, marketing, Economics,
maximize the vessels financial results within the prevailing market condi-
Admiralty Law, Chartering & Brokerage, E-Commerce,Logistics/Supply
tions.
Chain Management, Marine Insurance, to name a few. The internship
Responsibilities:
periods are July-August and January-February.
•
If you have an opening or an interest in obtaining additional information on
assigned.
this program, please contact the Department Chair, Dr. Bani Ghosh at
•
[email protected] at your convenience
Coordinate the allocation of spot and contract cargo to the ship
assigned to the specific service.
Contact: Dr. Bani Ghosh
•
Massachusetts Maritime Academy
E-Mail:[email protected]
Be aware of the positions and desired strategic directions for each ship
Coordinate with chartering and operation departments to maximize
space utilization, minimize the number of port and berth calls and max-
(S11-10)
imize the voyage financial results
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•
Maintain current voyage records and documentation to customers for
Candidate 5: Tulane Maritime Law graduate seeking an working
•
Travel as required and write the appropriate travel reports.
opportunity in maritime industry
•
Maintain a thorough knowledge of all relevant charter party forms and
tonnage loading within the service
company standard terms.
As a candidate determined to explore the world of international shipping
business, I enthusiastically look forward to putting my knowledge and
•
Coordinate all aspects of trans-shipments for respective cargoes
experience into practice of the global maritime industry. My knowledge
•
Coordinating contracts of affreightment with customers to receive nominations on time and build programs which fit vessel schedules
and interest of admiralty and maritime law has been greatly developed as
I have been systematically trained by learning every aspects of this area.
•
The experiences that I had gained from working in different law firms
Requirements:
Preparation of voyage profit and loss reports
helped me to develop good customer service skills, office skills as well as
•
Must possess a degree from a Maritime Academy
interpersonal skills. My international background provides me with, not
•
5-7 years post-graduate experience
only a comprehensive mode of thinking, but also skills of effective com-
•
Tanker sailing experience is a plus
munication. Meanwhile, I readily adapt to new situations and demands,
•
Minimum 2 years ship brokering experience
and am always excited to learn new concepts. I am looking for a position
•
Operations, barging and demurrage experience
in marine insurance companies, P&I clubs, vessel chartering teams, ship
•
Excellent written and oral communication skills
broker teams, shipping finance companies, or any other ocean shipping
•
Computer proficiency with knowledge of relevant software packages
business related working opportunities.
•
Proven leadership skills and the ability to thrive in a team environment
Education: LL.M. in Admiralty and Maritime Law, Tulane University Law
•
Willingness to relocate and travel as required
School, New Orleans
Contact: Leigh Evans
LL.B. in Commercial Law, Dalian University Law School, Dalian, China
Company: Faststream
Bar Admission: New York State bar exam results pending
Telephone: (954)467-9611
Experience: Assisted in different aspects of court proceeding and pretrial
E-Mail: [email protected]
conferences
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(HW011-11)
Language Skills: English and Mandarin Chinese
English-Chinese and Chinese-English Interpreter for various international
Position F: Bunker Broker / Trader for Integra
business meetings.
Location: London, Singapore and Westport USA
Contact: Yumin Zhao
This role will be part of the Integra Fuel Global team that is responsible
Cell: 504-717-3113
for, maintaining long term business relationships with current and poten-
E-Mail: [email protected]
tial clients primarily based all around the world.
(S11-05)
The role will be involved in the development of new supply sources and
customers.
HELP WANTED
In addition the role will work with existing customers to maintain and grow
the relationships and revenue.
NOTE: two months of running your ad in this newsletter costs companies
Position Description:
only $200 - and it has proven to be THE place to be seen and answered.
• To be become familiar with all the company systems and the operating
processes to support integra's customer base
• To understand the basic bunkering purchasing process and terms com-
Position E: Shipbroker (Bulk Liquids)
monly used , so as to be able to assist in the pre-sale and post delivery
Norwalk, CT
information gathering and follow up
Company Profile:
• Become familiar with key people, including customers, suppliers, trans-
A diversified global company providing transportation services to the
port companies. Port authorities, surveyors and internal departments
world's leading manufacturers of chemicals and other bulk liquids is cur-
• Be a point of contact point for all customers, whilst manning the broker
rently seeking a shipbroker.
desk
Job Description:
• Conduct market research to identify prospective new 3rd party cus-
The shipbroker will be responsible for negotiation and fixing spot cargoes
tomers
on various routes and allocating contract cargoes to assigned ships to
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• To be responsible for all administration relating to all customers, including supplier, customer invoices and all claim handling
Position R: Operations Position
Dietze & Associates LLC concentrates on foreign tanker chartering, ship
Background and Skills required:
projects and all services related to these activities.
• Ideally the candidate should have 1-3 years of experience of sales with-
We are currently looking to employ a person to join our Operations
in the bunker, shipping or commodity trading industry
Department. This individual ideally has a Maritime Academy/Shipping
• Worked in a maritime organisation, specifically US/Canada South
America and Caribbean, Singapore
degree and 3-5 years’ experience in tanker operations.
The position requires a highly motivated and team oriented individual with
• Proven Sales and Customer Service track record
good organizational and communication skills in a fast paced environ-
• Strong attention to detail
ment. You will manage and handle day-to-day Commercial Vessel
• Strong Communication skills both written and verbal
Operations (Time charter and Spot fixtures) and will be responsible for
• Ideally fluency in an additional language ( preferred)
maintaining accurate records including invoicing and claims.
• Knowledge of global environmental regulations and specifications ( pre-
We offer a competitive salary, medical benefits, and a 401K plan.
ferred)
Contact: Lis Wilson
Application requirements and selection process;
Company: Dietze & Associates LLC
Interested candidates will need to submit the following information;
Telephone: +1 203 762 3500
-A detailed resume describing work experience and education.
E-Mail: [email protected]
-A cover letter explaining why they are a good fit for the position.
Notes: For further information please contact:
to [email protected]
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
(HW10-11)
Integra Fuels is an Equal Opportunities Employer (EOE) committed to
workplace diversity
Position S: Technical Manager
E-Mail: [email protected]
We are looking for a Technical Manager position to join our team based in
Notes: Interested candidates will need to submit the following information;
Greenwich ,Connecticut . You will be required to assist in the management
-A detailed resume describing work experience and education.
of a fleet under third party ship management .
-A cover letter explaining why they are a good fit for the position
The position we are looking for will be responsible for managing the man-
.
(HW10-11)
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agers for safe ,environment friendly , efficient and economical operation
of ships in the fleet .
Position reports to Vice President ( Technical ).
Ideal candidate must possess:
Position G: Commercial Shipping and Trade Manager
Enviva is looking for a professional in the commercial shipping and trade
industry to join its team, reporting directly to the Executive Vice President
• Sea going experience as Chief Engineer.
• In depth knowledge of Technical Management of tanker vessels.
• At least 3 years shore experience in a Commercial Shipping Company
in the Sales and Marketing Department.
as Superintendent .
Responsibilities: Working closely with members of Port and Logistics
teams, this person will take the commercial lead on all export and
transoceanic shipping. He or she will coordinate discharge and foreign
port storage transactions and will oversee ship routing and scheduling in
fulfilling contracts and maximizing efficiency. He or she will manage all
commercial aspects of shipping transactions including interactions with
customers, agencies, and trade offices. This person will assist in determining pricing policies, preparing reports and analyses, and other quanti-
• Dry Docking supervision Experience.
• Crude and Product tanker experience.
• New building experience would be an added advantage.
Essential job tasks :
Supporting and implementing the strategies , targets & procedures outlined by the management required for safe operation of fleet under third
party management.
Your responsibilities will also include travel activity in terms of vessel
tative and analytical functions as needed.
Requirements: Explicit, relevant knowledge of and experience in the
shipping industry is required; specifically, experience in negotiating shipping contracts, scheduling, coordinating lay time, demurrage, despatch,
nomination, and other facets. Only experienced candidates will be considered. Strong quantitative analysis and verbal and written communication skills are imperative. Foreign language is a plus.This position is based
out of our corporate headquarters in Bethesda, Md., but will require
domestic and international travel approximately 50 percent of the
time.This is a full-time position offering competitive salary and benefits.
inspections , dry dockings, audits , seminars and new building shipyards
visits.
Salary / Emoluments:
Commensurate with qualification & experience.
Contact: Raghvan Narasimhan
Vice President , Technical
Company: Diamond S Management
E-Mail: [email protected]
Notes: Qualified applicants should contact:
(HW10-11)
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Position title will be commensurate with experience.
Applicants should apply on-line by following the following web-link:
http://www.envivabiomass.com/careers/commercial-shipping-and-trade-manager/
Position T: Supply Broker / Trader
Company: Enviva
World Fuel Services Corporation is a global leader in the downstream
Address: Washington, DC, Telephone: (301) 657-5560
marketing and financing of aviation, marine and land fuel products and
Website: http://envivabiomass.com
(HW10-11)
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related services. With approximately $ 19 Billion in revenue, 45 offices in
14
24 countries, and over 1,600 employees, World Fuel Services offers its
customers a value-added outsource service for supply, quality control,
logistical support and price risk management.
(NYSE: INT) www.wfscorp.com
POSITION LOCATION: Red Bank, NJ
POSITION DESCRIPTION:
The Broker/Trader - SUPPLY will assist sales and other office staff in all
aspects of their work developing new supply sources, new customer
Wanted: Host Companies
accounts and/or further penetrating business with existing customers and
Students are looking for internships.
If interested in reviewing RESUMES.
Please contact Margaret Faucher
([email protected])
suppliers. This is a great opportunity for someone who wants to work for
an industry leader that rewards top achievers with upward mobility and
great earning potential.
Key Responsibilities:
• Become familiar with company systems and operating processes and
input sales transactions into the company systems
• Understand the basic bunker purchasing process and terms commonly
used and assist in pre-sale and pre/post-delivery information gathering
and follow-up.
Contact: Mark W. King
• Field incoming calls
Manager, Corporate Recruiting
• Prepare daily and weekly reports.
Company: World Fuel Services Corporation
• Become familiar with key people, including customers, suppliers, trans-
Address:
port companies, port authorities, surveyors, etc. and become a reliable
9800 NW 41 ST, Suite 400
point of contact for customer requests and transactions.
Miami, FL 33178
• Conduct market researches and prospects for new business.
E-Mail: [email protected]
BACKGROUND AND SKILLS:
Notes: Applications should be submitted to: Attn: Human Resources
The ideal candidate should have experience in the Maritime Industry and
Department
be familiar with Marine Fuel Products, Sales, and Supply. Junior candi-
(HW10-11)
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dates with Maritime exposure will be considered for a Junior role but we
are looking for a more senior level person for this opening.
Position U: ISM and QUALITY MANAGER / COMPANY SECURITY
Required:
OFFICER
• One year sales experience in a customer-facing sales position
Well established USA Flag Ship Owner, located in Long Island, NY, seeks
• Experience in maritime, oil or shipping industry
a qualified and motivated self-starter for the position of ISM and Quality
• Sales training, pricing strategy, understanding of oil market
Manager / Company Security Officer.
• Maritime industry market knowledge (Cargo, Tankers, Offshore,
Qualified candidates will have significant shipboard experience, familiari-
Chartering, etc.)
ty with ISM, ISO 9001, Quality Management Systems, Risk Assessment
• Bachelor's degree preferred.
and Management, ISPS Code, etc.
Desirable:
Also required is a good knowledge of major International regulations
• Four or more years experience in a similar role
(SOLAS, MARPOL, ILO, etc).
• Fluency in additional languages (not required but a plus)
Specific knowledge of operating vessels under USA Flag, USCG regula-
• Degree in Maritime, Business, International Business, or Marketing pre-
tions and working with USA shipboard crews is also highly desirable.
ferred
Telephone: (516) 922 1000
APPLICATION REQUIREMENTS AND SELECTION PROCESS:
E-Mail: [email protected]
Interested candidates will need to submit the following information:
Website: www.sealiftinc.com
• A detailed resume describing work experience and education
Notes: For more infoirmation and details of duties please contact:
• A cover letter explaining why they are a good fit for the position
(HW10-11)
World Fuel Services is an Equal Opportunity Employer (EOE) committed
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to workplace Diversity.
15