Commercial and technical economics, investment decisions and ship finance are more complex than ever. That’s because energy types and trades are evolving, China’s new five-year plan promises to alter industrialization, ship finance sources have decentralized, technology such as Artificial Intelligence and digital applications are disrupting every aspect of commercial shipping and the implementation of a host of regulations from emissions to vessel general permits complicate the profit calculus. Identifying today’s best commercial opportunities and developing strategies for managing the risks.
The Economic Calculus of 2020
Current Emissions Regulations: Clarifying the economic, commercial and financial calculus of: fuel alternatives, scrubbers, dual fuel options, current charter party strategies and recent agreements. In addition to the financing equipment, hedging strategies, the costs of fuels alternatives and pass along charges.
Other aspects included compliant fuel supplies – are refiners ready, what are the blending options, and what is the current state of LNG infrastructure?
Compliance with IMO Tier III, the state of LNG infrastructure, how will insurers interpret seaworthiness Post 2020.
Ship Finance and Investment
Everyone involved in the shipping industry is affected by ship financing, investment and mergers and acquisitions. This session provided an intimate, in-depth discussion of the market for ship finance, investment and ownership.
Lead by world leading shipowners, investors, lenders and advisors. Topics ranged from secured lending to preferred equity to leasing to asset play to mergers.
Public and Private CEOs in Focus
The leaders of two of the most active players in the dry cargo space talk about transforming their companies’ businesses, culture and balance sheets, and share their views on the drybulk market looking ahead.
Bunkers: Making sense of it all
The International Maritime Organization’s global 0.50% sulphur cap is due to kick in withing a short time frame; changing the bunker industry dramatically, forever. There are many questions around the practicalities of achieving this including; which fuel types and availability, to blending and compatibility, alternative fuels, onboard training, and importantly on compliance and fines.
Whichever way you look at it, the IMO’s decision will have a huge impact on refiners, suppliers, shipowners and charterers, barge and storage companies, fuel testers, regulators and, of course, lawyers. But while some have already decided on which type of fuel to produce, supply or burn, or which compliance option they will opt for, a surprisingly large number of others have still to make up their minds or else are sitting in wait until the dust settles. This special bunker session will examine the key issues raised by the imminent imposition of the global sulphur cap and shed some light on the options for bunkering and shipping.
The Human Element
Examining the safety and welfare of seafarers who are essential to transportation of goods, and industry profits. This session assessed the impact on crew and the many different demand they need to juggle with regards to technology, regulations, and the demands of different vessels and voyages. Understanding the challenges of life at sea is essential to maintaining a functioning maritime industry.
The El Faro, A Case Study: Lessons Learned
Members of the company and professionals involved in the tragic loss of the El Faro and its valued crew will share important lessons learned from the U.S. Coast Guard and National Transportation Safety Board investigation.
Introduction to the facts – voyage, route, developing storm, key chronological points before and after the loss
Discussion of facts of loss – key events in timeline, key contributing causes
Lessons learned / recommendations from USCG/MBI
Staffing up of “response team” – legal, PR, family support, etc.
Practice pointers – coordination of parallel proceedings, control/track productions, have a response plan in place for incidents (casualties as well as cyber events)
The Role of The IMO in the harmonizing of safety and environmental protection on an International Level