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
Mike McCormick
Odin Marine Group
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

July 2019

PRESIDENT'S NOTES

July Fourth is just behind us, and the CMA Summer Picnic is just ahead of us! It is hard to believe that the year is half over. What this means to me at the moment is that we are now less than 6 months away from January 1, 2020. Of course, for all of us in shipping, this is a very important upcoming date. Ship owners, charterers, bunker suppliers, brokers and others are all working hard, and hopefully working together, to manage the bunkers on board their vessels and the tank cleaning that needs to take place in order to comply with the new IMO Sulphur Cap regulation. I read an article recently, which really hit the nail on the head for me - the author said that the upcoming Sulphur Cap regulation is not a 2020 problem, it's really a 2019 problem. I believe that this is exactly correct. By the time we get to January 1, 2020, all of the hard work will be behind us, and the industry will be operating vessels with compliant fuel or scrubbers.

I would remind everyone, too, just how enormous this change is for our industry. Some of you may have heard me make this point at the CMA Conference, or at the Gala Dinner, but we, as an industry, are about to reduce the carbon emissions of our vessels seven-fold. This is a huge reduction, and considering that nearly 90% of all goods move by ship, and even now, that global shipping is responsible for about 3% of greenhouse gas emissions, this is an indication of our very strong commitment to our planet and operating our vessels in the most clean and efficient manner that we can. I do not know of any other global industry that has made a commitment like this. Unfortunately, the public generally do not think of our industry in this way. We are usually "out of sight, out of mind," unless something catastrophic happens to a ship. This is a real shame, in my view, because we all work very hard, both at sea and ashore, to operate the ocean going fleet in the best manner possible. I would suggest that we should all do what we can to change this - tell the people that you know how we are working to reduce our industries emissions even more come January 1, 2020. Tell your friends and your family about this - tell them that when they buy a pair of shoes or pants, that as of January 1, 2020, they will become cleaner products because of the work being done by the shipping industry. We work so hard to do the right thing - we should be shouting this at the top of our lungs!

Of course, our work will not be done after January 1, 2020. The IMO has a mandate to reduce carbon emissions 50% by 2050, compared to 2008 levels. With this in mind, a group of eleven major shipping banks have announced the Poseidon Principles, which is a plan to incentivize decarbonization in the shipping industry. This was quite appropriately announced at Marine Money Week in New York back in June, and is just another example of our industries commitment to the environment. We are, indeed, a clean and forward thinking industry!

I want to take a moment to thank Jack Noonan for taking time out of his schedule to speak at the CMA Education Foundation lunch in June, when scholarships were awarded to students from a number of different schools. Thanks also to the great work that everyone at the CMA Education Foundation is doing, to help support the next generation of leaders in our industry! The lunch was a great opportunity for us to meet the students, and the students were thrilled to hear from Jack, certainly one of our industry luminaries! Thanks again, Jack!

I also want to remind our members that we are working with Tom Garber of Third Wave Films, on a movie that highlights shipping, the hard work of the mariners, our industries commitment to the environment, and more. Tom is still working to find the balance of the funding he requires in order to complete the project, so I would ask everyone to consider getting involved. If you have any questions at all about the project, please reach out to either Tom or me, and if you want some more info, here is the website: http://www.thirdwavefilms.com/seastates.html

Finally, I hope that we will see you all at the CMA Summer Picnic this Thursday, July 11, 2019, at Stamford Yacht Club, from 1730-2100. Right now, the weather looks like it will be perfect! Our friends at Monjasa are sponsoring Ladderball this year - many thanks to them! If you are interested in Ladderball, please contact the CMA Social Chair, Mike McCormick. See you all there!!!

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
August
There are no special CMA Social Events in August

Enjoy the Summer and we will reconvene in September!

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