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nafs Issue 97 - February - March 2014 www.nafsgreen.gr Greek Shipping ΚΩΔ. Γ.Γ. 2229 ISSN 1107-3179 TE.MI.KA LTD The global partner of HHM Bimonthly Review for the Shipping industry Vicky Liouta Consolidation of P&I Clubs Too much noise or reality? Ted Petropoulos Private Equity Funds An unfolding story Θ. Βενιάμης Ευοίωνες οι προοπτικές της Ναυτιλίας για το 2014 Greek Cruises 2014 The need for investments in infrastructure
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  • nafs March 2014 3

    nafs Issue 97 - February - March 2014www.nafsgreen.grGreek Shipping

    . .. 2229ISSN 1107-3179

    TE.MI.KA LTDThe global partner of HHM

    Bimonthly Review for the Shipping industry

    Vicky LioutaConsolidation of P&I ClubsToo much noise or reality?

    Ted PetropoulosPrivate Equity FundsAn unfolding story

    .

    2014

    Greek Cruises2014

    The need for investments in infrastructure

  • 4 nafs March 2014

    Introducing the new FCM One One way or another, fuel issues must be solved by your booster. Now there are many good reasons for choosing the One way.

    The FCM One combines all-new fl exibility with the strengths of the original Fuel Conditioning Module. Besides perfectly matching engine fuel specifi cations, it can handle multiple fuels, produce fuel blends and effi ciently manage the changeover between them. All this and more from one module with one controller where you decide whats included.

    The

    way to successin fuel conditioning

    The

    One place to learn more: www.alfalaval.com/marine

    PROFESSIONALISM EXPERTISE DEDICATION

    H O U S T O N O D E S S A S H A N G H A I P I R A E U S

    Head Office - M - A: . , 1, 2, 18863, , , : 210 40 00 111

    : (+30) 6932210060 | 6947008961-2, fax: 210 40 00 225, [email protected], www.turbomed.gr, Skype: turbomedtechnical

    P.03

    .13

    We support innovative solutions to improve energy efficiency

    and reduce emissions

    Move Forward with Confidence

    For more information, please contact: Bureau Veritas Greek Central Office 23, Etolikou Str. - 185 45 PIRAEUS Tel: +30 (210) 40 63 000 Fax: +30 (210) 40 63 063 Email: [email protected] Visit us on: www.bureauveritas.com - www.veristar.com

    www.bureauveritas.gr

    AP_Marine-AD_210x297:AP_Marine-AD_210x297 07/11/12 11:13 Page1

  • nafs March 2014 5

    Introducing the new FCM One One way or another, fuel issues must be solved by your booster. Now there are many good reasons for choosing the One way.

    The FCM One combines all-new fl exibility with the strengths of the original Fuel Conditioning Module. Besides perfectly matching engine fuel specifi cations, it can handle multiple fuels, produce fuel blends and effi ciently manage the changeover between them. All this and more from one module with one controller where you decide whats included.

    The

    way to successin fuel conditioning

    The

    One place to learn more: www.alfalaval.com/marine

  • 6 nafs March 2014

    38. ... LTD: The global partner of HHM

    06 | ECA Areas. ;

    08 |

    10 | ...;

    Victoria Liouta12 | Consolidation of P&I Clubs: Too much noise or reality?

    Alkis J. Corres16 | Greek Cruises 2014. The need for investment and infrastructure.

    Ted Petropoulos30 | Private Equity Funds, an unfolding story

    Index

    Printed In recycled paper

    50 . USD 70. NAFS, ISSN 1107-3179.

    , , , , ,

    , .

    .

    Features

    14 ABB TurbochargingHigh pressure tuning for MAN

    Diesel &Turbo two-stroke engines

    20 Posidonia 2014We create real opportunity for

    business22

    56

    2014

    18. :

    52. Pres-Vac & Oceanking:Tank Venting Solutions using PRES-

    VAC new valve series

    60. CSSC Chengxi:Branding Buinding & Strategic

    Development Forum

    48. MUSASINO Co Ltd:X Radar, 5th generation radar level

    gauge announcement

    37. FCM One:Alfa Lavals answer to todays fuel

    conditioning challenges

    Nikos K. Doukas Publications12 Karababa str - Athens - Greece

    210 42 86 606 / Fax: 210 42 86 [email protected]

    www.nafsgreen.gr

    March 2014

    ISSUE 97 / FEBRUARY-MARCH 2014

    Cover story

  • nafs March 2014 7nafs March 2014 7

    Turbochargers Repair Center

    P.03

    .13

    all types turbocharger

    M A R I N E T U R B O I n c .

    WORLDWIDE

    [email protected], www.proturbo-texas.com

  • 8 nafs March 2014 .

    ECA areas. ; 2.9 Marpol ECA 2012 m/m 4,50% 2012 3,50%, 2020 0,5%. ECA 1,50% 2010, 1,00% 2010 0,10% 2015. ECA AN-NEX 1 MARPOL, ANNEX V MARPOL, ( (Sox only). ECA 2012 ANNEX VI MARPOL, 2014 ANNEX VI MARPOL ( Sox, NOx and PM). , , , . ECA . ECA (dual fuel engines) . . ECA , , ,

    ECA. ECA (38% 16% 22% .). 600.000 containers RO-RO (29,4% ). . ECA , , dual fuel engines. lng , retrofi ts, , , lng , . 2020 ECA. ;;;

  • nafs March 2014 9

    Organisers: Posidonia Exhibitions SA, e-mail: [email protected]

    www.posidonia-events.com

    Posidonia2-6 June 2014

    Metropolitan Expo, Athens Greece

    The International Shipping Exhibition

    it's a great deal

    LNG SHIP_210x290 28-11-13 17:49 1

  • 10 nafs March 2014

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  • 12 nafs March 2014

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  • nafs March 2014 13

  • 14 nafs March 2014

    too much noise or reality?Consolidation of P&I Clubs:

    By Vicky Liouta, MD, Vilmar International S.A

    Post P&I renewals and both owners and P&I clubs weigh their results, positively or negatively or bitterly, that is happening for many decades. Claims continue to be on the main sector of serious discussions in the industry and underwriting policies are either ques-tioned or approved.

    INSURANCE

    Long talk though has been lately about Club mergers, particularly follow-ing the developments of North of England tied-up with Sunderland Marine Mutual. The tough times for owners as well as low investment returns for Clubs and Solvency II requirements seem they support mergers for P&I Clubs and many wonder what the future in P&I fi eld may look like. Fixed Premium Clubs in all markets also support certain owners who can feel secured under the limit of US$500m of cover for smaller ships when high P&I increases and terrible freight rates put pressure on the owners and their payments of insurance premium. Regardless if many views have been published about the possible need for some P&I Clubs to start con-sidering consolidation with bigger Clubs among the 13 in IG Group, much concern is given about ultimate advantage and benefi t for both owners and Clubs in that respect. P&I Rules, most probably, will continue to be as of today and profi le of members will not be different. Bearing in mind the claims increases and reinsurance rates, owners may expect to have alter-native ways to cover their fl eet in the IG Group even if they see an impact on the smallest mutuals and compare with bigger Clubs which can control the premium collection and adjust their fi nancials when pool claims exist.On the other hand, release calls concern owners who are requested to pay penalty because they decide to leave a P&I Club. To the view of the writer, P&I Clubs judge their risk and their Shipowners Directors confi rm

    the reasons which conclude on such release calls. It does not noticeably seem unrealistic to the mind of the Directors that more cash is called from members and unfortunately release calls are not reduced.If, on the other end, reinsurers take a different stance regarding level of retentions, this might possibly affect smaller Clubs but which are those Clubs that could see an advantage in merging with another IG Club, keeping same management or operations and stable membership? What exactly Shipowners Directors may need to regard as their Managers need to decide merger of the Club they are entered with?Type of management and personalities of the Club Managers keep present scene active and owners who sit on Club boards seem content with this shape and no argument is made about the safeguarding or continuation of business among the mutual Clubs as started around 1990. The only unhelpful rule of rating Clubs by agencies may put pressure to Managers and Directors of smaller Clubs to consolidate in order to survive, but we have not seen this yet happening. Financial security of 13 Clubs seems stable lately and unless there are other requirements that dictate the change of Rules or membership, IG Clubs do not seem they consolidate within the IG Group soon. As a personal view, both owners and Clubs will have to look into working towards the same purpose of this industry and preserving the values gained so far in insurance fi eld.

  • nafs March 2014 15

    107-109, Filonos Str. 6th Fl. - Piraeus 18536, GreeceTel: +30 210 4511615 - Fax: +30 210 4511616

    Email: [email protected]

    107-109, Filonos Str. 6th Fl. - Piraeus 18536, GreeceTel: +30 210 4511615 - Fax: +30 210 4511616

    Claims Consultants & Insurance Brokers

    ilmarInternational s.a

    too much noise or reality?

  • 16 nafs March 2014 TECHNOLOGY

    for MAN Diesel & Turbo two-stroke enginesHigh Pressure Tuning

    Text Klaus Fustetter, Photography ABB Turbo Systems Ltd, Michael Reinhard*

    In 2011, ABB Turbocharging introduced a new way of reducing fuel consumption on low-speed diesels. Fast forward 18 months and High Pressure Tuning is indispensable for getting the best out of MAN two-strokes.

    Owners and operators in a global merchant fleet comprising more than 50,000 ships are constantly looking for ways to improve the profitability of global transportation.Among their wide range of focuses, reducing fuel costs is an evergreen. It provides a major incentive for improving their economic situation, since a vast majority of total operating costs are attributable to their fuel bills when their ships are at sea. The continuous rise in bunker prices, coupled with the implementation of new emissions control regulations has turned industry attention to fuel efficiency and slow steaming i.e. operating vessels at reduced

    speed. In 2009, ABB Turbocharging launched a new highly efficient high pressure turbocharger genera-tion the A100-L. It opened up operating modes that were not hitherto fully utilized by engine designers. As the next step, and with the new market requirements of the current market in mind, ABB Turbocharg-ing turned its attention to innovations which support the marine industrys efforts by employing the latest turbocharger technologies. Late in 2011, the innovative concept of High Pressure Tuning or HPT was presented to leading engine designer and licensor MAN Diesel & Turbo for the first time.

    Enhancing efficiencyHPT is a way of improving the fuel consumption of modern electronically controlled two-stroke engines at low and part load. By increasing scavenging air pressure (Fig. 1) it results in higher peak firing pressures in the engines cylinders. The laws of physics say that the efficiency of a diesel engine cycle can be enhanced with higher cylinder peak pressures. A variable exhaust valve controls the en-gines compression ratio at high engine loads in order to avoid excessive firing pressures in the cylinder. To achieve this, under hydraulic control the exhaust gas valve is closed later compared to standard operation (Fig. 2). The engine control system ensures that all engine parameters are well adjusted, according to design requirements. The start of injection remains unchanged in order to achieve the most 1 Fig. 1: Scavenging air pressure tuning curve.

    2 Fig. 2: Standard versus HPT cycle.

  • nafs March 2014 17

    4 Fig. 4: Specifi c fuel oil consumption tuning curve.

    for MAN Diesel & Turbo two-stroke engines

    effi cient combustion process for the fuel injected. By this so called two-stroke Miller effect, emissions of oxides of nitrogen (NOx) are reduced at higher engine loads, which makes a further reduction in fuel oil consumption possible at part loads, while keeping the NOx emissions within the limits of the IMO E3 cycle. Lowering the fuel consumption of an engine means, at the same time, a reduction in emissions of the greenhouse gas carbon dioxide (CO2). HPT tuned engines can be turbo charged without any additional devices, such as exhaust gas bypass valves (wastegates) or turbochargers with other variable devices (Fig. 3).

    HPT for MANHPT offers engine builders, ship owners and operators fi nancial benefi ts, thanks to the reduction of extra hardware and installation costs, and hence lower initial invest-ment and fi rst costs. The elimination of moving parts and additional components also removes their related service costs. Engines tuned with HPT are fuel effi cient, from the lowest loads right up to higher part load operation, with a fuel saving of 5 g per kWh (Fig. 4), compared to an engine with standard tuning. The potential fuel saving on a large container vessel tuned with HPT could amount to several hundred thousand dollars in just one year. Based on successful engine testing, MAN Diesel & Turbo and ABB decided to make High Pressure Tuning (HPT) available to their customers. Consequently, HPT is now offered on ME and ME-C engines from

    the current MAN engine portfolio with bore sizes from 50 cm right up to the largest 98 cm models. Late in 2012, ABB Turbocharging introduced the new A200-L generation, which in combination with HPT enables the marine business to further increase the profi tability of global seaborne transport. The number of project inquiries for HPT engines with A100-L and A200-L turbochargers proves that ABB has precisely fulfi lled the markets requirements.

    *Klaus Fustetter graduated as a mechanical engineer from the Technical University Munich (TUM) and joined ABB Switzerland in 1993 as a simulation specialist for tur-bocharging systems. As senior manager for project and application engineering, he is responsible for ABBs important customer, MAN Diesel & Turbo.

    3 Fig. 3: Moving parts VTG

    Up-to-speed in half the time with VCM

    Fuel accounts for more than two-thirds of the operating costs of gas and diesel engines. This and the increas-ingly stringent emissions regulations for the maritime, power generation, and other industries make engine effi ciency the number one priority for engine builders and engine users alike.One of the tools that engine builders are using to reduce fuel consumption and greenhouse gas emissions is Valve Control Management (VCM), ABBs variable valve train system.VCM can typically increase gas engine effi ciency by more than one percentage point, and that means fuel savings of more than two percent. For a 10,000 kilowatt gas engine, this translates into about $200,000 in fuel savings annually. For a power plant with ten such en-gines or more, the savings are signifi cant.Optimized at all timesVCM is an intelligent valve train system that works adap-

    tively to provide an engine with the optimal amount of air for different speeds, loads and operating conditions. This enables, among other things, the turbocharger to take the engine from idling to full load in at least half the time it usually takes.

    As a result, a turbocharged engine equipped with VCM operates with optimal air supply and maximum effi ciency at all times. It reduces engine fuel consump-tion, greenhouse gas emissions and the engines thermal load. VCM can also be combined with ABBs two-stage turbocharging solution, Power2, to enable customers to further reduce emissions and save even more on fuel.VCM is particularly effective for high-performance engines in which large operating ranges or rapid load responses are required such as tugboats, icebreakers, pump drives, compressor drives and power generators.ABB is the world leader in the manufacture and main-tenance of turbochargers for 500 kW to 80+ MW diesel and gas engines. Our leading-edge technology and innovation helps our customers to perform better and produce fewer emissions, even in the toughest terrains. We have over 100 Service Stations in more than 50 countries worldwide. Approximately 200,000 ABB tur-bochargers are in operation across the globe on ships, power stations, gen-sets, diesel locomotives and large, off-highway vehicles.

    An ABB turbocharging solution enables gas and diesel engines to go from idling to full load in half the time it usually takes, thereby signifi cantly reducing fuel consumption and green-house gas emissions.

  • 18 nafs March 2014 CRUISE INDUSTRY

    The need for investments in infrastructureGreek Cruises 2014

    By A.J.Corres, Visiting Professor ALBA Graduate Business School at the American College of Greece

    In general, without significant investment both in infra-structure - in order to accommodate cruise ships - and in superstructures- to facilitate the movement of pas-sengers - a cruise port cannot attract the necessary support (Marti, 1990).

    The existing port infrastructures and other land facilities in many ports in Greece are inadequate for serving the vessel and passenger throughput. One can briefly mention some problem areas which need to be addressed, namely:

    Docks and Piers (mainly length and depth). Safe Areas for Anchorage (adequacy of the number of served ships and anchorage management, winds, seabed mapping). Ship services at anchorage. Berth Reservation Systems. Sites for passenger disembarkation and for waiting. Means for taking passengers to inaccessible areas ashore (e.g. Santorini). Port Security related issues. Port organization to accommodate large numbers of tourists Adequacy/training of port personnel. Ability to deal with health emergencies.

    These issues cannot be brushed under the carpet, yet it is not possible to be addressed simultaneously. There is need therefore for prioritization and planning which could suitably become a part of the national policy for the Development of the Islands which has already been announced at a time when the role of the port authority expands, not necessarily as a provider

    of port services, but as a regulator to safe-guard the public interest and to promote the common interest (Chlomoudis, 2011) at a local level. Ports are instrumental in the economic development of the area and particularly so in the islands.

    The need for adequate infrastructure is essential for the attraction of cruise ships from major international cruise companies. However, in many cases infrastructure for ships has been designed for different purposes than to serve cruise ships and for this reason, many ports need to adapt to the needs of this business.

    The issue of the adequacy of infrastructure is usually present in vessel size and the increase in the number of visitors. In the first case questions are raised relating to the size, number and depth of the piers, in the second case concerns the admission, service and access of visitors to various

    places of tourist interest (cruise terminals, customs, parking for coaches and taxis, adequate roads, etc.). Some Greek ports possess a significant number of piers for cruise ships, but some others have only one, or none which necessitates the use of boats to reach the shore.The increase in the number of cruise ships calling dur-ing the peak months results to tight situations in berth allocation and in the long term it exercises pressure on port authorities to create more and larger piers. Until that happens, a major issue is present in berthing priorities (berth reservation is a key demand of cruise companies). The following table depicts the average pier occupancy in Greek cruise destinations.

    Cruise ships / pier/ yearSource: HPA Primary statistics, authors processing

    Today, as one would expect, Piraeus is the port which has most piers, 11 for cruise ships and the average number of calls to each one of these is: 104 ships a year, meaning 2 ships per week. This figure includes both the period of intensive work in the peak of the touristic season, and also the winter period when there are no calls, so it statistically describes the general situation ignoring peaks and troughs in vessel traffic.

    Today, the well developed infrastructure of Piraeus port is considered adequate to serve the numbers of cruise ships and passengers calling and for this reason one can use these as a tentative benchmark

    for understanding of what is happening to the other Greek cruise ports.

    Berth occupancy in the ports of Katakolon, Mykonos and Corfu is considerably more crowded (4.1 ships / per pier / per week in Katakolon, 4.4 in Mykonos and also in Corfu), while the status in Patmos appears to be extreme by having 9.2 ship calls per week to the single pier although it should be noted that the aver-age size of ship calling at Patmos is 5.5 times smaller than in Katakolon.

    Rhodes, Heraklion, Chania, Volos and Kos on the other hand have much better statistics, having one ship-per- berth- per week or less, while traffic of cruise ships in the other ports piers is negligible. Of special interest is the case of Santorini that does not have any pier for berthing cruise ships, despite the record call of 962 ships in 2011.

    In the theoretical case that Santorini proceeded to cre-ate piers for cruise ships, their number should not be less than nine if the target is an average occupancy of two ships a week per pier, as it is in Piraeus. However, Santorini, unlike Piraeus which is a hybrid port (it com-bines the roles of home port and destination port), is only a destination port which means that cruise ships spend less time there and therefore the current level of calls could theoretically be accommodated with fewer piers, maybe four or five.

    The discovery of exploitable oil deposits in the waters of Western and Southern Greece puts a new issue on the debate about port development. It is evident that the service of oil rigs and oil wells cannot take place from the same facilities used by cruise vessels, there-fore decisions about the future infrastructure facilities need to be made in good time to ensure the two activi-ties at the moment limited to the Ionian Sea and the sea area south west of Crete can continue in parallel without one creating problems for the other.

    The need for adequate infrastruc-ture is essential for the attraction of cruise ships from major interna-tional cruise companies. However, in many cases infrastructure for ships has been designed for different pur-poses than to serve cruise ships and for this reason, many ports need to adapt to the needs of this business.

  • nafs March 2014 19

    The need for investments in infrastructure

    We support innovative solutions to improve energy efficiency

    and reduce emissions

    Move Forward with Confidence

    For more information, please contact: Bureau Veritas Greek Central Office 23, Etolikou Str. - 185 45 PIRAEUS Tel: +30 (210) 40 63 000 Fax: +30 (210) 40 63 063 Email: [email protected] Visit us on: www.bureauveritas.com - www.veristar.com

    www.bureauveritas.gr

    AP_Marine-AD_210x297:AP_Marine-AD_210x297 07/11/12 11:13 Page1

  • 20 nafs March 2014

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  • nafs March 2014 21

  • 22 nafs March 2014 INTERVIEW

    We create real opportunity for businessPosidonia ExhibitionsBy Theodore Vokos, Project Director Posidonia Exhibitions

    An interesting interview about Posidonia Exhibitions 2014 gave to nafsgreen.gr Mr. Theodore Vokos, Project Director Posidonia Exhibitions. The full text of the interview follows:Mr. Vokos, in what ways does the Posidonia exhibition play an increasingly important role in shipping?Shipping is one of the driving forces of the global economy and Posidonia reflects both the strength and importance of this industry as well as positive sentiment of the industry for the future of the global economy. Shipping is one of the first industries that get affected by the global economys upturns and down-turns, and Posidonia always highlights the current momentum of the industry. Posidonia also serves as the platform bringing the global shipping industry in touch with Greek shipping community, which still operates the largest fleet in the world. This is particularly important, as Greek shipping has often served as the bellwether of the global indus-try, as Greek shipowners have proven over the years to have a deep understanding of both the shipping market and the global economy, and therefore have an excellent understanding of when to invest and when to hold back. Therefore Posidonia remains the leading trade event for the shipping industry, and its role becomes increas-ingly important in such tough times. The exhibition is a biennial hub, where decision-makers in the fields

    of trade, finance, shipbuilding, environmental policy and technology meet and discuss policy and strategic issues that impact sea trade and the global economy. With over 40 years of history, Posidonia has long been established as one of the major calendar events of the shipping industry, as it attracts the most influential per-sonalities from the Greek and International shipping community and major companies and organisations active in all shipping related sectors.What distinguishes Posidonia from the other exhibi-tions is that has the broadest profile amongst all mari-time exhibitions, including all sectors of the industry. This is highlighted by the fact that more than 92 prod-ucts and services are represented at the exhibition, by exhibitors from over 85 countries! This fact demon-strates that Posidonia acts also as a potential catalyst for future developments in sea transportation, as all participants interact with each other, exchange views and understand which policies and new technologies can take the industry to the next level.

    What steps are you taking to ensure that Posi-donia will remain competitive? How tough is the market of shipping exhibitions?Posidonia is by far the broadest marketplace in the

    shipping industry as it hosts exhibitors and visitors from merely all shipping related sectors. Posidonia 2012 attracted more than 1.870 exhibitors from 85 countries, as well as over 18.500 visitors from 92 countries. However, these numbers are a great re-sponsibility, as for us the most important aspect of our business is to ensure both the longevity of Posidonia, which is very important for Greece and the Greek economy, and that all our exhibitors have a fruitful participation.Therefore, we always try to come up with new ways to enhance our exhibitors experience and help them make the best of their participation. Thats why we moved to the state-of-the-art exhibition centre Metropolitan Expo, which offers modern facilities in an aesthetically and practically impeccable environment. Furthermore, we continuously strive to improve our services, upgrade our technology infrastructure, and we also visit plenty other exhibitions abroad to keep up with the latest developments of the exhibition industry.To better meet the needs of foreign exhibitors we have established an international network of agents who can effectively focus on foreign markets and meet the various cultural needs of each country.Almost every year we develop new promotional op-

  • nafs March 2014 23

    We create real opportunity for business

    Theodore Vokos, Project Director Posidonia Exhibitions

    tions and communication channels that can enhance and boost our exhibitors presence at the exhibition, while also assuring that visitors have a targeted and productive visit to the exhibition. Another unique feature of Posidonia is the extensive programme of conferences & seminars taking place inside the Posidonia venue, covering a variety of ship-ping related topics and showcasing new technologies, which provides important insight into the challenges facing the maritime industry. This year we are building additional seminar rooms to meet demand for presen-tations and conference slots.Whats more, we make a constant effort to attract as many visitors as possible but always remain focused on our exhibitors target audience, because we want our event to fulfil its ultimate goal: create real opportu-nity for business.

    Talking about the future, which sectors will your company focus on in the next ten years? As Posidonias track record has proven from the events launch more than 40 years ago, the exhibition will continue diversifying its offerings and adding new features, while simultaneously growing in terms of exhibitors and visitors numbers, deals discussed and confirmed in the exhibition, and conferences and networking events taking place onsite during Posidonia week. We would also like to further diversify the sectors represented in the exhibition, as new busi-ness sectors which the Greek Shipping community is engaging are the LNG sector and the offshore support industry, which still have enormous growth potential.Traditionally Posidonia focuses on commercial ship-ping, but now we have enlarged our corporate portfolio with the Posidonia Sea Tourism Forum, which we launched in 2011. The Forum is addressing the rapidly growing cruise industry, as well as the yachting and passenger shipping sectors, and the reasoning behind

    this new event was the need for a platform to discuss the challenges which mainly the cruise industry, but also the wider sea tourism industry, are facing in the region, as well as providing destinations and service providers the opportunity to interact with the cruise and yachting sectors. Thus, the Posidonia Sea Tour-ism Forum focuses mainly on the growth potential of all sectors of the Sea Tourism industry and its significance as a key factor in the development of the economies of Greece, the Eastern Mediterranean and the Black Sea regions. The Posidonia Sea Tourism Fo-rum was successfully repeated in 2013 attracting the attention of the industrys leaders and stakeholders, who focused on investment opportunities in the region and new infrastructure projects. An important part of this event is the exhibition, which attracted exhibi-tors from over 20 countries, and we are certain will further expand in the future. The third Posidonia Sea Tourism Forum will be held in May 2015 in Athens, so we expect that in the coming years the whole range of Posidonia events will have developed further.

    What is the feedback of your clients who represent the shipping industry?Many of our exhibitors have been participating at Posi-donia since the event was launched. Having repeat exhibitors confirms the exhibitions effectiveness and underlines the strong bond which has been forged over the years between the Greek shipping commu-nity, the international shipping industry and Posidonia. Posidonia has established its leading position as the main shipping hub where business deals are initiated or even sealed. Our exhibitors success underlines the events importance and each year we get positive feedback from them. Australian general ship supplier Southern Cross Marine Supplies, a Posidonia exhibitor for the 10th consecutive time, will be participating at Posidonia 2014 because the event is too big to miss

    out, even though it can take for up to a day to get there, according to General Manager Jim Costalos. He said: Posidonia brings Hellenic shipping to the world, a shipping event like no other, the most important of its kind globally. Any major ship supplier worldwide benchmarks its business against their trade levels with Greek shipowners. The exhibition is becoming better and bigger each time and we look forward to the most successful of all, this summer. Another aspect of Posidonia is that this event is im-portant for Greece and its global image, as well as the Greek economy, as it projects a positive image of the country, highlights the contribution that Greek shipping makes to both the national and the global economy and underlines our countrys potential, which we tend to forget. Furthermore, Posidonia contributes to boost-ing the local economy of Athens and wider Attica as our exhibitors and visitors invest huge sums in their participation at Posidonia and this windfall of foreign income is something that hugely supports the Greek economy every two years. It is worth mentioning that some Euro 50 million are to be generated throughout Posidonia week by exhibitor and visitor spending on hotels, restaurants, business meetings, hospitality events, stand constructions, transportations, customs clearance and movement of exhibits etc.

    Moreover, such a high quality event taking place in Athens promotes Greece and the city as an ideal destination for major international trade events, con-tributing to the future development of the MICE sector in the region. It should be part of our countrys strategy to create and attract more international exhibitions, as exhibition tourism is one of the most profitable kinds of tourism with the highest per capita spend. One should note that an important feature of exhibitions is that they represent repeat business, as exhibitions take place on a yearly or biennial basis.

  • 24 nafs March 2014

    3

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    , . , , COSTA CON-CORDIA, , , , , . , , , CLIA ECC. Maritime Safety , , , SAR (Search and Rescue), , , , , , , . , , , .

    MARITIME SECURITY. IMO, , Resolutions AQUILE LAURA 1985 CITY OF POROS 1988. , , . , 2001 , . ISPS Maritime Security. , . , .

  • nafs March 2014 25

    3

    SAFER, SMARTER, GREENER

    NavigatiNg complexityDNV and GL have merged to form DNV GL. The company is the leading technical advisor to the global oil and gas industry and the worlds largest classification society. We provide consistent, integrated services within technical and marine assurance and ad-visory, risk management and offshore classification, to enable safe, reliable and enhanced performance in projects and operations.

    Together with our partners, we drive the industry forward by developing best practices and standards.

    Our people combine industry expertise, multi-disciplinary skills and innovation to solve challenges for our customers to navi-gate in a complex business environment.

    People Cargo Fire Stability Crew and training Market conditions Maintenance Vetting ECA SECA Sulphur cap Ballast Emissions to air and water Life Cycle IMO Port State Statutory Advisory

  • 26 nafs March 2014 ... .

    2014

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    , , , , . , , , . To , .

    2014 , . , . : 16,25% 46,7% , dwt . 23,5 18,5% . ,

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    . , ...

  • nafs March 2014 27

    2014

    . , . , ; , . . , 2013 . () : , , Boston Consulting Group . , , , , 7% , . , , . , . 23 2013 , , , . , . , , , , , , , .

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  • 28 nafs March 2014

    2013, , , . , , . , , . , , , , , . . , , , . , , 25 27/75 . , , , . , , . , sandwich courses, .

    , , . , , , , . , , agenda , .

    , 2013 . , , . : 2013, , . Almunia, , . , . , , , . , 2012, 2013 . , , tonnage tax . , tonnage tax ,

    . tonnage tax . , . , , CO2 , MRV. , , . , , MRV, , . ECSA ICS. . , . , , RightShip , RightShip , , . vetting RightShip . 2013 , MLC, 80% . , 4 2014. , , .

    ... .

  • nafs March 2014 29

    In difficult times, you know where to find reliability.We successfully operate in the bunkering business since 1970,having developed longstanding strong relationships withsuppliers, major foreign and domestic ship-owners, charterers,traders, brokers and industry organizations.

    GREEK GROUND IS STABLE.

    GREEK SEA IS EVEN MORE STABLE.

    (+30) 210 87 63 140

    [email protected]

    21x29cm

  • 30 nafs March 2014

    , , . , , , . , , . , , : . Basel III 1 2014 . . , ECSA ICS , , .

    , , , , , , , . , . , , BIMCO, . Intercargo, , ,

    . ECSA , , ECSA. , IACS , . , 2013 ( CSR). , , 2013 , . Sekimizu, agenda , . , , 2013 , . , 11.000 110 , . , 9.000 , . , , . 2014 .

    , 2013 ,

    . , . , . . . , . , , , . , HELMEPA, . , . , - , . , . , , . , , .

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  • nafs March 2014 31nafs March 2014 31

  • 32 nafs March 2014 FINANCIAL focus

    an unfolding storyPrivate Equity Funds

    By Ted Petropoulos, MD, Petrofin S.A

    Private equity funds (PEFs) have been increasingly making the headlines, over the past year. Driven by their abundant liquidity and strongly held perception that shipping pre-sents attractive profit making opportunities, their shipping related investments have grown to unprecedented levels.

  • nafs March 2014 33

    an unfolding story

  • 34 nafs March 2014

  • nafs March 2014 35

  • 36 nafs March 2014

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  • 38 nafs March 2014

    The FCM One combines the strengths of Alfa Lavals origi-nalFuel Conditioning Module with a completely new level offlexibility. Besides condition-ing fuel for an exact match ofengine specifications, it can be configured to handle multiplefuels, produce fuel blends and manage the automaticchangeover between them.

  • nafs March 2014 39

  • 40 nafs March 2014COVER STORY

  • nafs March 2014 41

    TE.MI.KA is an established privately owned ship repair, maintenance and manufacturing company, based in Aspropyrgos, Greece, serving the marine industry anywhere in the world on around the clock basis. The company is managed Mr.Nikolaos Merkouris, a highly experienced for-mer marine engineer with over 30 years experience in the marine industry. Our sole objective is to deliver quality work on time and at a competitive cost. Diesel engine repairs, maintenance, trouble shooting and machine shop fabrications and in situ machining are our core services. We liaise closely with our customers from the first inquiry to the final invoice and our excellent reputation for short lead-time and quick response is unsurpassed in the industry.

    A few words about TE.MI.KA

    CO

    VER

    ST

    OR

    Y

  • 42 nafs March 2014COVER STORY

    TE.MI.KA succeeded and is proud to serve some of the major ship owning and ship management companies in Greece like:BarwillBernard Schulte Shipmanagement SPLLCCombine Marine Inc.CardiffDioryx Maritime CorporationLarko SAOceanbulk Maritime SAProduct Shipping & Trading SAStarBulk Carriers Corp.TMS BulkersTms DryTms TankersTramp Maritime Enterprises LtdWWS Piraeus Ship Agency

    TE.MI.KAs facilities are in the Industrial Park of Aspropyrgos in a space 3500m2 which includes workshop, warehouse and offices.Services Provided General Ship Repairs Steel and Pipe Works Vibration Analyser Monitoring Services Ship Spare Parts Ship Machinery: Pumps All Types of Hydraulic Cylinders Fabrication All Types of Crane Wire Sheaves Fabrication Grab Full Over Hauling Auxiliary Machinery Main Engine Deck Machinery Hatch Covers Mooring Winch & Windlass Fabrication with Quality CertificateSpecialized In Situ Machining

  • nafs March 2014 43

    Training CenterTEMIKA LTD is innovating by providing Maritime Companies a training procedure for all Chief Engineers before they board to their vessels. This way the Chief Engineer receives quality training while Maritime Company can release an incompetent candidate, avoiding fur-ther consequences and damages on board. The Training Center is equipped with a Seagull Computer where C/Es perform training and tests modules in order to evaluate their competence.

    Training Program consists of the following steps: 1.Demonstration for the proper operation of critical tools and equipment, such as: lathe machine, fuel valve tester (pressure test), m/e cylinder cover (proper and uniform tightening), m/e exhaust valve spindle and seat gridding machine operation test, etc.2.Once above is complete, the Chief Engineers perform a training section/module (includ-ing tests) at Seagull Computer. All modules in Seagull are selected in order to cover majority of e/r operations, such purification, lubricants, cooling, cranes, etc. TEMIKA is assessing each of these demon-strations/actual performances and Seagull tests results and provides an evaluation report to the Maritime Company involved.

  • 44 nafs March 2014 COVER STORY

    Latest achievements Hudong Heavy Machinery technical service stationAs of November 9, 2013 the Company has been appointed as an official represent-ative, named HHM Global Technical service Athens ,of Hudong Heavy Machinery Co (HHM). Such a representation includes storage and distribution of original HHM parts in the Greek and surrounding area market, as well as, full support to HHM customers by providing, qualified engineers to attend in the region. The company is the contact for any HHM required services in Greece for all matters concern-ing repairs, spares supply and shipping services. Temika is the 1st representative service station that HHM appoints ever outside of China. TE.MI.KA considers this agreement as a milestone in its portfolio and has appointed sufficient resources in order to support HHM customers in full at any given time (24/7 service). Services provided are: HHM Service Teams specialized in HHM Engines. HHM genuine Spare Parts.The company is glad to provide hereunder Messrs H.H.M. views regarding its last cooperation in a short words interview provided for this matter : What is the main philosophy of Global Techservice Athens station.Take the location advantages, build up reliable relation with the ship owner. Offer better and prompt service to the territorial customer. What is the real necessity and purpose to create such a station outside China and especially in Greece.HHM was mainly focus on new engine production before. With the market developing HHM plan to expand business on engine spare parts, technical service and engine retrofit base of HHM sourcing and technology advantage. There was high amount of HHMs engine end users from Greece. The reasons that TEMIKA has been elected among others to satisfy and serve the needs of this station which in fact is the first created by H.H.M. outside China.TEMIKA was one of Greek local ship service company, have workshop and high experienced service engineers. TE.MI.KA. wishes of course to express its gratitude to Messrs H.H.M. for their positive views concerning their cooperation and the company shall spare no effort to provide its services far beyond their expectations. TE.MI.KA IS committed to this target.

    TE.MI.KAs constant increase of workload and business expansion in repairs, DD works and spare parts supply led the company to establish a branch in Shanghai/China through an excellent collaboration achieved with local partners. Now in Shanghai TEMIKA holds a fully operational office with competent col-leagues serving shipping industry in this part of the globe. The warehouse serves as storage place for Stock Items ready to be dispatched around the globe upon owners instructions and for any parts that have landed in China to be reconditioned in the future and so on. Modern workshop with new CNC machines and rest equipment is to companys availability, enabling TE.MI.KA to complete all sorts of works within its range of manufacturing, reconditioning and Main Engines new parts machining.A selected team of highly experienced service engineers are standing by to attend any major in situ repair or attend to any Chinese port in order provide their service and expertize in all matters concerning technical problems or even offering their advices for the improvement of the systems installed and by manufacturing in TE.MI.KAs Shanghai workshop whatever is required in order serve the vessels needs in time by manufacturing tailor made components or offering genuine or licence obtained new and reconditioned spares. TEMIKA aims in fulfilling owners needs and is constantly improving and de-veloping their range of services, order to meet shipping industry demands and requirements. The planned services in China include an expansion to Electronics equipment services as well as stores and ships supplies.

    Shanghai Branch

  • nafs March 2014 45

    HHM Global Tech Service in AthensAs of November 9, 2013 the Company has been appointed as an official representative, named HHM Global Techservice Athens, of Hudong Heavy Machinery Co (HHM). Such a representation includes storage and distribu-tion of original HHM parts in the Greece and surrounding areas, as well as, full support to HHM customers by providing qualified engineers to attend in the region. Temika is the first representative service station that HHM appoints ever outside of China.The company considers this agreement as a milestone in its portfolio and has appointed sufficient resources in order to support HHM customers in full at any given time (24/7 service) HHMs view and statement on the following: What is the main philosophy of Global Techservice Athens station.Take the location advantages, build up reliable relation with ship owner. Offer better and prompt service to the territorial customer. What is the real necessity and purpose to create such a station outside China and especially in Greece.HHM was mainly focus on new engine producation before. With the market developing HHM plan to expand business on engine spare parts, technical service and engine retrofit base of HHM sourcing and technology advantage. There was high amount of HHMs engine end user from Greece. The reasons that TEMIKA has been elected among others to satisfy and serve the needs of this station which in fact is the first created by H.H.M. outside China.TEMIKA was one of Greece local ship service company, have workshop and high experienced service engineer.

  • 46 nafs March 2014

    , .

    www.krohne-skarpenord.comINTRA MARE HELLAS (Greece representative) Tel.: +30 210 4293843 | Email: [email protected] | www.intramare.gr

    CARGOMASTER The all-in-one tank monitoring system

    CARGOMASTER is the complete solution for tank monitoring. The system is well proven and is installed on all kinds of vessels. Combined with the OPTIWAVE high precision cargo tank level radar, the system offers unique benefits for tanker operators.

    EcoMATE System for monitoring of bunkering and fuel consumption

    EcoMATE is a reliable system for monitoring of bunkering operations and fuel consumption. Together with the OPTIMASS series of flowmeters, it offers accurate and maintenance free solutions.

    Monitoring of liquid cargo is in safe hands

    KROHNE Skarpenord offers complete solutions for monitoring of liquids onboard all kinds of ships

    , 2013 25% , . , News-front, 13 275 24,5 . dw dwt 364% 2012. , 2 6 2014, , . , , , , Project Director . , 2013. , 4,5 , 134 4 (LPG) (LNG) 51 . 65 3 25 1,6 .

    , , , LNG LPG, . . , 72% , , , . ., , 100 15% , , . . 2012 1.870 18.500 92 . - - , , 4.000 , 260 . , . . , , 10 , , 2006, , , . ,

    , , Saudi Aramco, ENOC ( ), Chevron Marine Products, Lukoil Marine Lubricants, Gulf Oil Marine, JX NIP-PON Oil Energy Europe, KPI Bridge Oil, ECO Lubricants, Baluco SA, Aegean Marine Petro-leum, Avin Oil, Elinoil, ETEKA , Cyclon , SEKA . sold out 1.870 85 35.000 .. Athens Metropolitan Expo. , , 2 6 . . , , . . , , . . 2014 , , , , , .

    2014

    POSIDONIA 2014

  • nafs March 2014 47

    www.krohne-skarpenord.comINTRA MARE HELLAS (Greece representative) Tel.: +30 210 4293843 | Email: [email protected] | www.intramare.gr

    CARGOMASTER The all-in-one tank monitoring system

    CARGOMASTER is the complete solution for tank monitoring. The system is well proven and is installed on all kinds of vessels. Combined with the OPTIWAVE high precision cargo tank level radar, the system offers unique benefits for tanker operators.

    EcoMATE System for monitoring of bunkering and fuel consumption

    EcoMATE is a reliable system for monitoring of bunkering operations and fuel consumption. Together with the OPTIMASS series of flowmeters, it offers accurate and maintenance free solutions.

    Monitoring of liquid cargo is in safe hands

    KROHNE Skarpenord offers complete solutions for monitoring of liquids onboard all kinds of ships

    2014

  • 48 nafs March 2014

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  • nafs March 2014 49

    PROVEN TECHNOLOGYwww.desmi.com

    Local representative in Greece: Intra Mare Hellas 4, Skouze Str. 185 36 Piraeus Greece Phone: +30 210 429 3843 Fax: +30 210 429 3845 E-mail: [email protected]

    OptiSaveTMOptimizing Pump Speed to Current Conditions Saving Fuel

    Green Technology

    Scan for more information and brochure

    Save more than 40,000 EUR a year on sea water cooling

    Save as much as 80% of the pumps energy consumption

    Complies with IMO, EEDI & SEEMP regulations

    Available for new-building & retrofit installation for sea water, fresh water cooling and E/R ventilation

    DNV type approved component

  • 50 nafs March 2014

    Draft Level Gauge

    Local Indicator

    Ballast Level Gauge

    Main Monitor

    System Control Unit

    Bunker Level Gauge

    Draft Level Gauge

    Heavy Fuel OilService Tank

    Fresh Water Tank

    Independent Level Alarm

    Musasino undertakes the development, design, production, sales & service of Cargo Handling Support Systems.

    As specialists in this eld with nearly 50 years' experience in marine level gauging, we pride ourselves on the reliability and performance that has made us Japans No 1 Cargo Handling Support System maker.

    With oces, production facilities, service stations and representatives strategically located for international coverage, we are excited to serve an increasingly global client base.

    www.musasino.biz

    Fifth GenerationCargo Tank Radar Gauge

    Dependable Performance

    Simple Installation

    Easy Maintenance

  • nafs March 2014 51

    Draft Level Gauge

    Local Indicator

    Ballast Level Gauge

    Main Monitor

    System Control Unit

    Bunker Level Gauge

    Draft Level Gauge

    Heavy Fuel OilService Tank

    Fresh Water Tank

    Independent Level Alarm

    Musasino undertakes the development, design, production, sales & service of Cargo Handling Support Systems.

    As specialists in this eld with nearly 50 years' experience in marine level gauging, we pride ourselves on the reliability and performance that has made us Japans No 1 Cargo Handling Support System maker.

    With oces, production facilities, service stations and representatives strategically located for international coverage, we are excited to serve an increasingly global client base.

    www.musasino.biz

    Fifth GenerationCargo Tank Radar Gauge

    Dependable Performance

    Simple Installation

    Easy Maintenance

    Draft Level Gauge

    Local Indicator

    Ballast Level Gauge

    Main Monitor

    System Control Unit

    Bunker Level Gauge

    Draft Level Gauge

    Heavy Fuel OilService Tank

    Fresh Water Tank

    Independent Level Alarm

    Musasino undertakes the development, design, production, sales & service of Cargo Handling Support Systems.

    As specialists in this eld with nearly 50 years' experience in marine level gauging, we pride ourselves on the reliability and performance that has made us Japans No 1 Cargo Handling Support System maker.

    With oces, production facilities, service stations and representatives strategically located for international coverage, we are excited to serve an increasingly global client base.

    www.musasino.biz

    Fifth GenerationCargo Tank Radar Gauge

    Dependable Performance

    Simple Installation

    Easy Maintenance

    Draft Level Gauge

    Local Indicator

    Ballast Level Gauge

    Main Monitor

    System Control Unit

    Bunker Level Gauge

    Draft Level Gauge

    Heavy Fuel OilService Tank

    Fresh Water Tank

    Independent Level Alarm

    Musasino undertakes the development, design, production, sales & service of Cargo Handling Support Systems.

    As specialists in this eld with nearly 50 years' experience in marine level gauging, we pride ourselves on the reliability and performance that has made us Japans No 1 Cargo Handling Support System maker.

    With oces, production facilities, service stations and representatives strategically located for international coverage, we are excited to serve an increasingly global client base.

    www.musasino.biz

    Fifth GenerationCargo Tank Radar Gauge

    Dependable Performance

    Simple Installation

    Easy Maintenance

  • 52 nafs March 2014

  • nafs March 2014 53

    JUNE-2006.indd 191 5/23/06 12:59:32 PM

  • 54 nafs March 2014

    Pres-Vac and OCEANKING Technical & Trading SA organized on Tuesday 28th January 2014 at Ledra Marriot Hotel, Athens a Technical presentation/seminar on Tank Venting Solutions using Pres-Vac New Valve Series. PRES-VAC have developed and fully certified new ECO valve compliant, to new IMO regulation regarding VOC emissions ,offering several unique advantages:

    Reduction of operating cost, less wear on seat disc, easier service and maintenance Low emissions Maintaining high tank pressure Overhauling in minutes Eliminate leakage Enhanced flow control

    All benefits and advantages concerning the PRES-VAC valve, as well as technical informa-tion regarding its operational profile, installation, retrofitting, maintenance etc, were fully presented in this technical seminar.

    Mr. Apostolos Bekiaris, Oceanking Operation Manager opened this seminar. Distinguished speakers from Prec-Vac addressed all relevant issues and more specifically: Mr. Ronni Palmqvist, Head of R&D dept. (Regulatory Status & Trends), Mr. Torben Frank, Head of Sales (Market Trends), Mr. Ronni Palmqvist, Head of R&D dept. (Pres-Vac Product News) and Mr. John Frandsen, CEO (Pres-Vac corporate news). The interactive event was followed by a Q&A session.

    It is important to mention that OCEANKING, striving always to inform the Greek Shipping Community on the latest technological developments and rule driven issues, organized once more a very interesting technical seminar. For more information about Pres-Vac you can contact OCEANKING2104296774, [email protected]

  • nafs March 2014 55

  • 56 nafs March 2014

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  • 58 nafs March 2014

    Knut rbeck-Nilssen new Maritime president in DNV GL

    Knut rbeck-Nilssen is appointed presi-dent in DNV GL Maritime. rbeck-Nilssen will take on the role as president from 1 January 2014. He will be member of the Executive Committee and operate out of Hamburg.

    Tor E. Svensen, CEO DNV GL Maritime, says I am really pleased to have Knut r-beck-Nilssen on board in this role. He has more than 20 years of experience from a variety of disciplines. I look forward to develop DNV GLs maritime business area together with him and all the other highly competent people in our organisation.

    I am confident that the Maritime leadership team will ensure that we deliver high quality services to our customers and through this secure and strengthen our position in the market, says Henrik O. Madsen, DNV GL Group President

    & CEO.I am excited about this possibility to develop DNV GL further in the shipping and offshore industries together with our customers and colleagues throughout the world. Looking ahead, we are all facing times of change and opportunities, says Knut rbeck-Nilssen. Knut rbeck-Nilssen holds a Bachelor of Engineering degree from Heriot-Watt University where he was awarded a First Class Honours Degree in Civil Engi-neering in 1990. He also has an undergraduate degree from Oslo Polytechnic in Civil Engineering from 1987. rbeck-Nilssen began his career in DNV in Oslo in 1990 as a structural engineer. His experience includes a variety of technical disciplines, project management and different management positions. He has also served 2 years for DNV in Japan. In January 2010, rbeck-Nilssen assumed the position as Chief Operating Officer of Division Norway, Finland & Russia. In September 2013 rbeck-Nilssen took on the role as Director of Divi-sion Europe*, Africa & Americas (*excluding Germany) in DNV GLs maritime business area. For a transition period, he will hold both the position as COO of Maritime and Director of Division Europe*, Africa & Americas (*excluding Germany).

    What will the alternative fuel mix for global shipping be?

    CLASS NEWS

    DNV GL has released a position paper on the future alternative fuel mix for global shipping. While LNG is expected to be an early success, the picture becomes more diversified with time, as more than 20 per cent of shipping could adopt hybrid propulsion solutions, featuring batteries or other energy storage technologies. The main drivers for the use of alternative fuels are the desire to reduce greenhouse gas emissions and the need to meet upcoming air pollution requirements. The global merchant fleet currently consumes around 330 mil-lion tonnes of fuel annually, 80-85 per cent of which is residual fuel with high sulphur content, says Christos Chryssakis, DNV GL senior researcher and position paper project manager. Shipping must change, and we must contrib-ute technical measures, operational measures and alternative fuels to meet the challenges we are tackling. In the long term, short sea shipping is expected to take advantage of locally produced fuels such as biogas, biodiesel, methanol, shoreside electricity and hydrogen. Deep sea shipping needs globally available fuels and so will tend to-wards LNG and biodiesel, if it becomes available. Nuclear energy suffers from public perception problems but may come to the fore sometimes in the future if it will be perceived as a safe alternative.While renewable energy, particularly solar and wind, may have some potential to mitigate carbon emissions, this is not seen as a viable large-scale alternative for commercial shipping, says Mr Chryssakis.An evaluation of well to propeller greenhouse emissions, rather than just shipboard potential to reduce emissions, demonstrates some major drawbacks for some of the options, as does an evaluation of potential availability. For example, the availability of land to grow biofuels is a significant barrier to its widespread use, with an area the size of Greece required to produce 50 mil-

    lion tonnes of biodiesel. The position paper features a discussion on ways to overcome the challenges ahead during the transition towards a more sustain-able future for shipping. There is no doubt that adopting new technologies are likely to be a challenge for ship owners. DNV GL is leading the way through our technology qualification processes which are designed to ensure that new technologies work as expected, says Mr Chryssakis.Text: Per Wiggo Richardsen

    The main drivers for the use of alternative fuels are the desire to reduce greenhouse gas emissions and the need to meet upcoming air pollution require-ments. The global merchant fleet currently con-sumes around 330 million tonnes of fuel annually, 80-85 per cent of which is residual fuel with high sulphur content, says Christos Chryssakis, DNV GL senior researcher and position paper project manag-er. Shipping must change, and we must contribute technical measures, operational measures and alter-native fuels to meet the challenges we are tackling.

  • nafs March 2014 59

    Astir Marina Vouliagmenis becomes the first marina globally to enter the LRs marina accreditation scheme

    Lloyds Register has awarded Astir Marina Vouliagmenis with the Lloyds Register Marina Accreditation Scheme in a ceremony held at Astir Palace in Vouliagmeni. With the accreditation of Astir Marina Vouliagmenis Lloyds Register launches globally its newly developed Marina Accreditation Scheme (MAS). MAS pro-vides tailor-made accreditation for marinas operations, addressing the marina specific requirements, and is aiming to improve marina operations and enhance quality, safety and client services through the marina and yachting industry. MAS has been developed following the growth of the yachting industry and the consequent need of well organised with proper facilities marinas. The scheme operates under the industry good business practice utilising the diverse exper-tise of Lloyds Register in areas such as safety, environmental, yachting and marina operation.In addition as guidance are used various ISO standards that are on a voluntar-ily basis, aiming to improve current operational status of marinas but also to assist marina managers to achieve full ISO compliance. Into account are taken the particular country statutory requirements to all marina operation/manage-ment sectors such as, safety, garbage etc. This Lloyds Register scheme was developed in conjunction with the users, the yacht owners and the service providers, the marinas to ensure that it sets not only a high level of standards but specifically addressed all the important safety, environmental & operations aspects of the industry. A yacht owner visiting a marina with LR MAS can be assured of a quality service, said Captain Tony Field, Lloyds Register Marine Business Manager SE Europe & EMEA Regional Marine Consultancy Manager.The Chairman & CEO of Astir Marine Vouliagmenis S.A. Polychronis Griveas commented: I would like to express my appreciation to Lloyds Register for

    their recognition offered through this Award. It is the deep commitment for exemplary service of our Astir Marina management, employees and associates, and best use of our facilities that keeps our guests pleased and our marina at the highest occupancy levels. We vow to continue do our very best to represent our organization according to the standards this award represents.

    Photo: (l-r) Captain Tony Field, Lloyds Register Marine Business Manager SE Europe & EMEA Regional Marine Consultancy Manager, with the Chairman & CEO of Astir Marine Vouliagmenis S.A. Polychronis Griveas

    LRQA Greece approves first private maritime security company - Diaplous Maritime Services - to ISO/PAS 28007

    LRQA Greece announces that it has certified its first Greek private maritime secu-rity services client, Diaplous Maritime Services to the maritime security manage-ment system standard, ISO/PAS 28007. Announcing the news, LRQA Greece Business Centre Manager, John Kalafatis commented: Certification to the ISO/PAS 28007 standard clearly shows that Diaplous Maritime Services has made a commitment to customer service, quality, safety and risk management processes. They are the first private maritime security company (PMSC) in the Greek and Cypriot Market to be approved according to this demanding certification.

    ISO/PAS 28007, as part of the ISO 28000 family of security standards, gives established guidelines to PMSCs that supply privately contracted armed security personnel (PCASP) on board ships. Certification to these standards demonstrates to the international community that they, and their operatives, can legally, safely and effectively guard shipping. Commenting on their certification from LRQA, Antonis Papaioannou from Diaplous Maritime Services said, as a leading provider of private security services, we are delighted to be the only Greek company among a small group of prestigious PMSC`s to have been certified by LRQA with the new ISO/PAS 28007, thereby enabling us to offer even more reliable services to the shipping industry. LRQA is one of three certification bodies participating in the United Kingdom Accreditation Service (UKAS) pilot scheme. UKAS has been appointed to assess certification companies offering assessment to ISO/PAS 28007, verifying that it uses competent assessors with the correct qualifications and that rigorous, tested auditing process are being followed. This is key in ensuring the confidence of the shipping market. It is expected that the accreditation process will be completed by the end of the year.

    Caption: (l-r) From Lloyds Register Panayiotis Kamarados, John Kala-fatis and Apostolos Poulovassilis and from Diaplous Maritime Services Anthony Papaioannou, Constantinos Karlis and Manolis Lazaridis

  • 60 nafs March 2014

    TASNEEF-RINA class first vessel

    Emirates classification society TASNEEF has classed its first commercial vessel. The 96,214 dwt oil tanker Energena is jointly-classed with Italian clas-sification society RINA. Yesterday His Highness Sheikh Majid Bin Moham-med Bin Rashid Al Maktoum, Chairman of Dubai Culture and Arts Authority, attended a ceremony to mark the flag raising and the granting of classication by TASNEEF-RINA.The vessel is owned by Dubai-based Energena Shipping and managed by Gulf Stolt Ship Management JLT, (GSSM). Built by Samsung in Korea the vessel is currently completing its class surveys carried out by two teams of surveyors deployed by the two classification societies. Andrea di Bella, Area Manager Middle East, RINA Group, says, This is a spe-cial occasion for TANSEEF and RINA with the classification of the first vessel in dual class. We are achieving a high level of confidence for the co-operation between the two class societies in the demanding classification market of the Gulf region. This is the first achievement of many to come building on the part-nership between TASNEEF and RINA launched at the beginning of the year. We expect this to be the first step on a long and successful path together.Mr Rashed Alhebsi, CEO of TASNEEF, says, TASNEEF welcomes Energena as its first commercial oil tanker of this size in our registry. We are happy to cel-ebrate this event with our partners. We committed to our clients to deliver the highest quality standards, building a long relationship to serve our clients in the region. Today we are happy to see the outcome of the choice we made to work together with our strategic partner IACS-member RINA, and we will continue this co-operation further to penetrate the regions market which show potential opportunities with new exploration and projects in the oil and gas sector.Mr Rashid Al Ghurair, CEO Energena Shipping JLT, says,Energena Shipping, an Emirati organization, is proud to operate under the umbrella of TASNEEF-RINA class. The TASNEEF-RINA class joint venture is a great initiative by the UAE government to support the shipping industry in this region and we are excited that our ship is the first vessel under this class. We thank all for the support presented to us.TASNEEF, a new classification society for the United Arab Emirates, was established in Abu Dhabi at the beginning of 2013. Working in partnership with RINA, the goal is to develop TASNEEF as an international classification society capable of meeting the technical and classification needs of the regions maritime industry, the UAE flag and international commercial shipping. Gulf Stolt Ship Management JLT (GSSM) - Dubai, accredited for ISO 9001:2008 & ISO 14001:2004, reputed for cost-effective, qualitative and transparent performance of technical and operations of VLCCs, IMO II Chemi-cal Carriers, large PROBOs, ARAMAX and Crew Boats, has been engaged by ENERGENA SHIPPING JLT - Dubai, to fully manage their vessel M/T ENERGENA. GSSM established in 2009, is a joint-venture between Gulf Navi-gation Group (UAE) and Stolt-Nielsen (Norway). It has a proven record for its professional dedication to high standards in management of ships. Mr Aniello Esposito, President of GSSM, attributes their consistent success to the spirit of the GSSM Team which is fully dedicated 24/7.With a history dating back to 1861, RINA Group is a global provider of clas-sification, certification, testing, inspection and training services to assist clients in a wide range of business sectors such as Marine, Energy, Transport & Infrastructures, Business Assurance, Environment and Innovation. RINA S.p.A. is the Groups holding company which provides to the operating companies of the Group staff services such as administration and finance, HR, system management and communication, The main activities within the RINA Group are delivered by independent operating companies, having their own govern-ance and organization aimed at complying with the requirements and standards applicable to each service.

    CLASS NEWS

    RINA acquires materials technology centre

    CSM CEO Mauro Pontremoli says, Joining RINA gives us the financial platform and market outreach we need to deliver our skills and knowledge globally. We already earn 45 per cent of our revenues outside Italy and there is huge demand for advanced materials knowledge in the develop-ing world, especially in steel and metal alloys processes and products. Working with RINA we can capitalise on our knowledge base, our over 800 patents and our innova-tive processes such as in waste to energy and in pipeline development.Growing Italian engineering, testing, inspection, certification and ship classifica-tion group RINA has bought the major shareholding in Italys leading centre for innovation in materials technology, CSM. The move strengthens RINAs expertise in specialised steel processes and products, especially for the energy sector, and in innovative waste to energy conversion technologies.RINA CEO Ugo Salerno says, Bringing CSM into RINA is part of our long term growth strategy of developing and widening our specialist competencies. CSMs very highly skilled engineers and scientists bring skill sets which complement ours and will enable us to grow faster in developing countries and in the off-shore energy business, two areas of major opportunity for RINA.CSM CEO Mauro Pontremoli says, Joining RINA gives us the financial platform and market outreach we need to deliver our skills and knowledge globally. We already earn 45 per cent of our revenues outside Italy and there is huge demand for advanced materials knowledge in the developing world, especially in steel and metal alloys processes and products. Working with RINA we can capitalise on our knowledge base, our over 800 patents and our innovative processes such as in waste to energy and in pipeline development.CSM has a turnover of around Euro 30 million and employs around 300 people in centres across Italy. Its acquisition will boost RINAs projected 2014 turnover to around Euro 330 million.RINA is a multinational group that provides services for verification, certifica-tion, conformity assessment, marine classification, environmental develop-ment, product testing, supervision and qualification of suppliers, engineering consultancy and training across a broad range of industries and services. RINA operates through a network of companies dedicated to different sectors: Shipping, Energy, Infrastructure and Construction, Logistics and Transport, Environment and Quality, Agribusiness and Health, Finance and Public Institu-tions, Business Governance. With a turnover over 280 million euros in 2012, over 2,200 staff, and 150 offices in 53 countries around the world, the group is able to meet the needs of its clients and at the same time is recognized as authoritative participant in the main international organizations developing new regulatory standards.

  • nafs March 2014 61

    BUREAU VERITAS became the first society authorized by the Greek maritime authorities to render MLC 2006 related statutory tasks on board Greek flagged ships

    Photo from left to right: Mr. George Andreadis, Mrs. Paillette Palaiologou, Mr. Dionysios Giannoutsos, Mr. Lambros A. Chahalis, Mr. Vassilios Dimitropoulos & Mr. Dimitrios Soulos.

    The president of BUREAU VERITAS HELLAS AE and BUREAU VERITAS S.A. Vice President & Regional Chief Executive for the Hellenic & Black Sea Region Mr Lambros Chahalis, in the presence of leading Hellenic Coast Guard officers of the Merchant Ships Inspection General Directorate and Rear Admiral (HCG) (T) D. Giannoutsos, has signed on December 17th the relevant bilateral agreement which empowers the Society to render MLC 2006 inspection and certification services on board Greek flagged ships Thus, BV became the first EU recognized organization entrusted with statutory tasks as regards MLC 2006 by the Greek flag State administration.

    , (MLC, 2006)

    BUREAU VERITAS HELLAS AE & BUREAU VERITAS S.A. . , () . , 17.12.13 , (MLC, 2006) ., (MLC,2006) .

  • 62 nafs March 2014

    On December 19, 2013 the CSSC Chengxi Branding Building & Strategic Develop-ment Forum was successfully concluded in Jiangyin International Hotel, celebrating the 40 years of Chengxi Shipyard Co., Ltd. More than 300 attendants including owners, surveyors, agents and experts concerned, came together and celebrated this event presided over by Mr. Cao Jiwei, Vice-presi-dent of Chengxi Shipyard Co., Ltd.

    The seven speakers were selected between the shipyards leaders and main strategic partners. Mr. Wang Yongliang, President of Chengxi Shipyard Co., Ltd, made the speech by stating the history of Chengxis ten years brand building for Chengxi dream and looking forward to a win-win and prosperous future of shipping & marine industry through working together with all the attending guests.The only non-Chinese speaker, Mr. Dimitrios Vranopoulos, Managing Director of Marine Plus SA, shared his experience about the coopera-tion with Chengxi, and extended his expectations for the bright future of Chengxi. Mr. Vranopoulos talked about the loyalty of the staff, the strong personality of the leadership, the corporate culture, the strong interaction

    and cooperation between departments, the design capability and the good facility/layout.These are all advantages that make Chengxi a very good yard. The com-bination, however, of these advantages together with the previous points raised relating to staff/leadership/culture are what make Chengxi a GREAT yard Mr. Vranopoulos concluded.

    Speeches were stated also by Mr. Hong Huilun, General Manager, Wah Kwong Ship Management (Hong Kong) Limited, Dr. Xue Maogen, Marine Manager, Greater China of LR, Mr. Zhang Xinlong, Vice Director of CSSC China Institute of Marine Technology and Economy.Finally, Mr. Yin Xueming, Chairman and Secretary to the Party Committee of Chengxi made the speech titled The Research and Prospect of Ship Repair Strategic Development for Chengxi Shipyard, stating his ideas about the current ship repair market & the Ship repair business of Chengxi, the ship repair restructuring of CSSC Group, and the product orientations of the five ship repair bases, and making suggestions for the Chengxi after band unification.Every attendant has benefited a lot from the seven excellent presentations, and has got more updated on Chengxis development, which laid solid foundation for their future cooperation with Chengxi.Earlier Mr. Vranopoulos had been honored by Mr. Wang Yongliang, Presi-dent of Chengxi Shipyard Co., Ltd for his 20 years of fruitful cooperation with the Shipyard and awarded the Best Overseas Agent award for the period 2003 2013.

    FORUMS

  • nafs March 2014 63

  • 64 nafs March 2014

    American Market Again Chooses MAN B&W ME-GICrowley orders multiple main and auxiliary dual-fuel engines for efficient, emissions-friendly U.S. Puerto Rico-trade ConRo shipsFlorida-based Crowley Maritime Corpora-tion, the marine solutions, transportation and logistics company, has placed an order for 2 ConRo ships. Each vessel will be powered by an MAN B&W 8S70ME-GI8.2 main engine and 3 MAN 9L28/32DF auxiliary engines.The ConRo ships with container Lift-On/Lift-Off (LO/LO) and Roll-On/Roll- Off (RO/RO) will be built by VT Halter Marine Inc. of Pascagoula, Mississippi. They will be named El Coqu and Tano, and are scheduled for delivery in the second and fourth quarters of 2017, respectively.The vessels will be two of the worlds first LNG-powered ConRo ships, designed to travel at speeds up to 22 knots, and carry various sized containers, along with hun-dreds of vehicles in enclosed, weather-tight car decking.Crowley states that the vessels will offer customers fast ocean-transit times and, being powered by LNG, will set a new standard for environmentally responsible shipping.Tom Crowley, company chairman and CEO, said: Our investment in these new ships the first of their kind in the world is significant He continued: [W]e are developing and using best-available technology that allows for improved emissions and alternative fuel selection.Crowley selected the high-pressure, Diesel-cycle ME-GI engines due to their high efficiency and power concentration. The ME-GIs ability to avoid derating, and its negligible methane slip, also contributed to its selection.The new, double-hulled ConRo ships will be 219.5 m long, 32.3 m wide (beam), have a deep draught of 10 m, and an approximate deadweight ca-pacity of 26,500 metric tonnes. Cargo capacity will be approximately 2,400 teu, with additional space for nearly 400 vehicles.Crowley reports that the newbuildings will