CONNECTICUT MARITIME ASSOCIATION
CMA
Officers & Board
COMMODORE
Robert Bugbee
Scorpio Group
PRESIDENT
Ian Workman
Trans-Tec Services, Inc.
VICE PRESIDENT
Tony Backos
Pyxis Holdings Inc.
SECRETARY
Jasmine Alvarado
Clemente Shipping USA LLC
TREASURER
Nick Sofos
Groton Pacific Carriers
MEMBERSHIP
Brian Robinson
Penfield Marine LLC
COMMUNICATION
Nora Huvane
Marine Money International
SOCIAL
Ryan Jurewicz
UNI Americas
P& A
Capt. Larry Liu
Charles R. Weber Company
EDUCATION
Joseph Gross
D’Amico Shipping USA Ltd.
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.

 
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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.
 
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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 2003, the CMA celebrated its twentieth anniversary. It prospers with over 1,300 members representing nearly 450 companies and organizations.
 
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President's Notes
Events

June 2014

PRESIDENT'S NOTES

As a parent, I used to think that when my two boys got older, the normal parenting problems would diminish in size and importance as the kids developed and matured….now, with two teenagers I can definitely say that this is not the case, the issues grow in size, importance and complexity, and I am sure that most parents would agree with me.

Thinking about these private developments led me to compare them with the way in which my own particular area of the Maritime Industry. Bunkering, has changed so much since I started in London in 1985.

Back then the main standard specifications revolved (mainly) around "British Standards" and "CIMAC", there were fewer suppliers, the crude oil was not being cracked down to the nth degree, the derivative markets had not yet developed and communications by email were just starting (although I can still remember the chatter of the telex machine behind me) and I am sure that I have left out a bunch of other items, but you get the idea. They appear to have been simpler times and the problems do not seem to have been so complicated.

Since then our Bunker Industry has been developing and maturing in a lot of different ways. At the well attended CMA lunch on Thursday 29th May, Stephen Gumpel of ABS gave a great presentation about the current and upcoming difficulties, pointing out that there remain a number of gray areas which may only be subject to local influence and other issues.

The possible solutions and effect of these restrictions will probably only become apparent once the market adapts to the upcoming regulations, the most pressing of which is the ECA (Emissions Control Area) max sulfur limit of 0.1 pct coming into effect on January 1st 2015.

This is something that everyone should watch closely because, with the replacing of the LSFO (Low Sulfur Fuel Oil) requirement at the end of 2014, with the max 0.1 pct sulfur limit in January 2015, there is no doubt that suppliers will probably move quite early to run down their supply of LSFO, and replace it with the much more expensive 0.1pct product which, it currently seems, will be an LSMGO (Low Sulfur Marine Gas Oil).

No supplier will want to be caught with a tank full of a redundant LSFO product which they would probably have to downgrade to an HSFO in order to sell.

Grey areas, market uncertainties, is there going to be enough 0.1 pct product available for the increased demand? No-one knows for sure. As you can see the difficulties are more complicated and just as important as they ever were, and the 0.05% standard for 2020 is still on the table at IMO.


Caveat emptor

Ian Workman
President

 

Event Calendar
July
Thursday, July 17, 2014

CMA Annual Summer Picnic/Lobster Bake

5:30 pm-9:00 pm

Stamford Yacht Club
97 Ocean Drive West, Stamford, CT

Members: $75/ Non-Members: $150 (includes a one year CMA Membership)

Click Here For More Information

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Friday, July 25, 2014

10th Annual CMA Tennis Tournament

Play starts at 8:30 am

Click here for more info

Venue: Sterling Farms, Stamford, CT

Player package: $125 per person
Lunch only: $60 per person

For Reservations for all CMA Events please call Anne at +1.203.406.0109 Ext 3725, Lorraine at Ext 3717 or email conferences@cmaconnect.com

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