CONNECTICUT MARITIME ASSOCIATION
CMA
Officers & Board
COMMODORE
John C. Hadjipateras
Chairman, CEO & President
Dorian LPG Ltd.
PRESIDENT
Joseph Gross
D’Amico Shipping USA Ltd
VICE PRESIDENT
Chris Aversano
SECRETARY
Marina Critides
Navios Maritime Holdings
TREASURER
Louis Linde
Nothern Shipping Funds
MEMBERSHIP
Greg Kurantowicz
Associated Asphalt
COMMUNICATION
Jess Hurwitz
SOCIAL
TBA
TBA
P& A
Patrick Bähr
UPT United Product Tankers
EDUCATION
Kevin Breen
Charles R. Weber Company
E-Media

CMA Ambassador (Asia)
Larry Liu
Charles R. Weber Company.
EDITORIAL
Donald B. Frost
D.B. Frost Associates,Inc.
JOB MART / EVENTS
Lorraine Parsons
I.M.S., Inc.
MEMBER LIAISON
Kim Edwards
CMA
EDITOR EMERITUS
James R. Lawrence
IMS/MTI Network (USA), Inc.

The Connecticut Maritime Association is a non-profit organization which was built by its members, for its members, and as such is one of kind.

Unlike many similar organizations which are supported largely by corporate membership, the CMA's voting membership is comprised only of individuals. From bunker brokers and tug-boat operators to lawyers and underwriters, to ship owners, brokers and managers, shippers and merchants of all kinds of cargo, each CMA member has an equal and separate vote.

The CMA was created as a self-help group of shipping people, and remains a conduit for the exchange of information and a source of camaraderie and fellowship that is unique and vital to the shipping community. In 2014, the CMA celebrated its thirtieth anniversary. It prospers with over 1,500 members representing nearly 500 companies and organizations.

President's Notes
Events

October 2019

PRESIDENT'S NOTES

Sulphur!! It is October, and we are now very much in the home stretch as we race towards the implementation of IMO's 2020 Sulphur Cap Regulation. Whether Owners have chosen to comply with the use of scrubbers or compliant bunkers, there is a lot of work to complete between now and early December, and let's face it - if your ship is not compliant by early December, your vessel may be in a difficult position come January 1, 2020. As I have mentioned in the past, this is not a 2020 problem, it is a 2019 problem. With that said, Owners and Charterers of vessels that are going to be using compliant fuel are all busy, working together, in good faith, to closely manage the bunkers on board, making certain that the crews will have time and access to all of the bunker tanks for inspections and final cleaning, so that there will be no problems as the clock strikes midnight on December 31st, 2019.

I took a moment before writing this to review what I wrote a year ago, in October of 2018, and you might recall that at that time, we were in the midst of the problem of IFO contamination that was causing a concerning number of engine failures. Thinking back on this issue, it is a reminder to me that cleaning bunker tanks to take compliant fuel is just the first step in the process of transitioning from 3.5% to 0.5% Sulphur fuel oil. We will be "feeding" our beloved vessels a new sort of food, and this needs to be done with care.

I was a bit surprised to find over the past week or so, two articles in the non-shipping media about the 2020 sulphur cap issue. Wired Magazine wrote an article about the Sulphur cap, and that while it will make vessels cleaner, it may come at a cost of higher priced consumer goods. It was well written, you can have a read here.

The Independent, from the UK, wrote what I can only describe as a scathing article about the use of scrubbers - describing them as "cheat" devices that will "divert poisonous pollution into the sea." While there are obviously a number of differing views regarding the choice of using a scrubber versus using compliant fuel, I must say that this article is quite strident in its opinion about open loop scrubbers, and by extension, our industry. Furthermore, having taken this strident and unflattering position of the issue, made no mention of the fact that only about 10% of the blue water fleet will be using scrubbers, while the other 90% of our vessels will be using compliant, 0.5% Sulphur fuel oil, and that, frankly, is a shame. It seems that they chose to make a point, rather than to present the full scope of the issue in order to allow the reader to come to their own conclusion. You can read this article here.

Perhaps the most important take-away of these recent articles is that it seems that the world is watching us. These both strike me as unlikely publications to be taking up positions on this topic. However, I would remind you of what I have said many times over the past year. We are a clean industry. We are at the tip of the spear on a global level bringing about positive change for our environment. We are about to reduce our sulphur emissions SEVEN FOLD! That is an enormous reduction, and shows just how committed we are as an industry to the environment of our planet! We may not all have agreed on the time line for implementation, or the best way to achieve this goal, but I think it is fair to say that we have all agreed that it is the right thing to do. There is not another industry that can say that they have achieved such an emissions reduction on a global scale. We should be telling this to everyone that we know, our friends, our family, anyone that will listen! And of course, we are not stopping here - we are working towards IMO's 2050 emissions goals as well. Our financing is starting to reflect our commitment to the environment as well, with the Poseidon Principles. It is OUR global shipping industry, which moves nearly 90% of all goods around the world while emitting only 3% of the worlds Greenhouse Gases, that has accepted the challenge to reduce our impact on the environment even more. We have a great deal to be proud of, and we should be so proud to be leading the world in this way!

Vesa Kolvumaa of Wartsila gave us a fascinating presentation at the September CMA luncheon. The topic was 2030/2050 Decarbonization, and I think that it is fair to say that we all left the luncheon that day better educated than when we arrived. Thank you so much to Vesa for flying up from Houston to be with us. If you would like a copy of his presentation, Lorraine Parsons can email it to you.

On Friday, October 25th, our next CMA luncheon will host a panel presentation titled "Final Countdown to 2020." We are putting the finishing touches on a top notch panel of industry experts, to be moderated by Ian Workman of VPS. I would encourage all of our members to put this event in your calendar, because it will be filled with useful information. We will be sending out full details quite soon, so please be on the lookout. Also, if you have interest in being a supporting sponsor of this very important event, please let us know, and we can discuss some options for sponsorship with you.

Please note also that we are working hard on the agenda for CMA Shipping 2020, which is scheduled to take place at the Stamford Hilton March 31 - April 2, 2020. We will be celebrating our 35th Conference in 2020! Thanks for all of your support through all of these years! The preliminary agenda can be found on line, and I encourage you to have a look. It can be found here.

We are very excited about the content that we are developing for our community, and we are confident that you will find it to be a relevant and productive event!

Finally, we have one quick housekeeping item. It has been many years since we have increased the cost of CMA membership, and having reviewed the cost of other organizations and other factors, we have made the decision to increase the cost of CMA membership to $100 per year as of January 1, 2020. We are very confident that we are still great value for the money. So, if you have gotten a membership renewal message in your email queue in the past month or so, I would suggest that if you would like to have one more year at the old membership rate of $75 per year, you should renew soon. And of course, we would ask that you always keep your membership up to date! We do rely on membership dues as one source of revenue to bring you the great networking and educational events that we work hard to make available to you all. It would also be very meaningful to all of us on the CMA Board if you can find one or two friends or colleagues that may not presently be CMA members, and encourage them to join. Our strength as an organization comes from a robust and growing membership, so please, find one or two colleagues or friends and encourage them to join our community of shipping professionals. Thanks!!!

Joe Gross
CMA President

Event Calendar

For Reservations for all CMA Events please call Lorraine
at +1.203.406.0109 Ext 3717
or email
conferences@cmaconnect.com
or
LParsons@marinemoney.com

EVENTS
October
Friday, October 25, 2019
(Yes a Friday for this one)

CMA Speaker Luncheon

Final Countdown to IMO 2020 - The CMA presents a cross-industry moderated panel discussion on Friday, October 25, 2019 focusing on providing the latest information, industry news, and important updates just 9 weeks before we cross the January 1, 2020 deadline for industry-wide global compliance by the maritime industry of the 0.50% global sulphur cap for marine fuels. Hear from a variety of industry experts on the current state and conditions related to IMO 2020 and what to expect in the coming weeks and throughout 2020. Full line-up of panelists to be announced soon.

Water’s Edge at Giovanni’s II

2748 Post Road, Darien, CT 06820

Cash Bar: 12 Noon – Seating for Lunch 12:45 pm

Members $50 / Non-Members $60

November
Thursday, November 14th, 2019

8th Annual New York City Speaker Luncheon

Speaker: Jeff Pribor, Senior VP & CFO, International Seaways - INSW (NYSE)

The Harvard Club of New York City

35 West 44th Street, New York, NY 10036

(between Fifth & Sixth Avenues)

Check in:
Cambridge Rooms Foyer – 2nd Level

Cocktail Reception: 12 Noon – Gordon Reading Room – 2nd Level

Seating for Lunch: 12:45 pm – Cambridge Rooms – 2nd Level

$115 Members/ $130 Non-Members

Pre-payment required for this one by check or credit card.

For Reservations for all CMA Events please call Lorraine at +1.203.406.0109 Ext 3717, Lorraine or email conferences@cmaconnect.com or LParsons@marinemoney.com

CMA NEWSLETTER
Published monthly and distributed via e-mail our newsletter keeps members in touch with CMA events, the markets, current issues
and future CMA plans. Join today and start receiving yours via e-mail, alternatively read it by clicking below
2019
Dec
Nov Oct Sep
August
July
June
May
Apr Mar Feb Jan
2018
Dec
Nov Oct Sep
August
July
June
May
Apr Mar Feb Jan
2017
Dec
Nov Oct Sep
August
July
June
May
Apr Mar Feb Jan
2016
Dec
Nov Oct Sep
August
July
June
May
Apr Mar Feb Jan
2015
Dec
Nov Oct Sep
August
July
June
May
Apr Mar Feb Jan
2014
Dec
Nov
Oct
Sep
August
July
June
May
Apr Mar Feb Jan