Issue No: 222 — 08/09.2019 NAFTIKA CHRONIKA / Triannual English Edition www.naftikachronika.gr Paris and Tokyo MoUs annual reports: Are owners inadvertently restricting ISSUE SPONSOR Ship inspections, deficiencies, and detentions their pool of seafarers? Sailing along with Celestyal Cruises SPECIAL REPORT: What motivates young people on a 3-day cruise around the Aegean to choose postgraduate studies in shipping Polys Hajioannou THE TRADITIONAL FAMILY BUSINESS MODEL HAS PROVED SUCCESSFUL HISTORICALLY The speed- limit challenge • THEODORE VENIAMIS • PANOS LASKARIDIS • SIR MICHAEL BIBBY • PHILIPPE LOUIS-DREYFUS • DR. NIELS HARTMANN • YAVUZ KALKAVAN Management trends • CAPT. KOSTAS KANELLOPOULOS • THEOPHANIS THEOPHANOUS • SUNIL KAPOOR DO YOU WANT TO COMPLY WITH ALL ENVIROMENTAL REGULATIONS ? 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Ltd Ltd “ BE“ OUR BE OUR PARTNERS PARTNERS IN SAFETY IN SAFETY ANDAND IN OUR IN OUR QUEST QUEST FOR FOR EXCELLENCE EXCELLENCE ” ” o Longo TraditionLong Tradition o Moderno Modern Fleet ofFleet Tankers of Tankers o Strongo Strong commitment commitment to our to people our people o Theo rightThe choiceright choice for a successfulfor a successful career career at sea at sea Learn Learnmore/ more/ Send yourSend CV your to: CV www.andriaki.gr to: www.andriaki.gr 9, Fragoklissias9, Fragoklissias str, 151 str 25, 151 Maroussi 25 Maroussi, Greece, Greece Tel: 2106152300Tel: 2106152300 / 2106152400 / 2106152400 Safety Means the World to Us GasLog’s reputation has been earned as one of the world's leading owners, operators and managers of LNG Carriers. As each ship leaves port we are keenly aware of our responsibility toward ensuring the safe passage of our people, our cargoes and our environment. Our attention to detail is a reflection of our company's values and a demonstration of our dedication. www.gaslogltd.com August-September 2019 Special triannual English edition Published by Cover Gratia Publications Ι.Κ.Ε. SPONSOR M/V NEA TYHI which is managed by Fafalios Shipping S.A. Executive Director ISSUE Ilias Bissias Chief Editor 10 ΜARITIME NUMBERS 60 ADVERTORIAL Dr Panagiotis Kapetanakis Newport Shipping: Α premium one-stop Scientific Associate 12 ON THE SEAFRONT drydocking solution Panos Zachariadis 40 years’ experience in repairs and design 26 INTERVIEW OF THE MONTH Commercial Manager The traditional family business model has proved 64 INTERNATIONAL WATERS Chris Kapadais successful historically An interview with Polys Hajioannou 74 Paris and Tokyo MoUs annual reports Advertising Manager By Angeliki Koliomichou Demetra Tsakou 30 SLOW STEAMING Corporate Communications The shipping community puts on the table 76 Indonesia: The Garuda rises & Special Reports Editor the speed-limit challenge By Angeliki Koliomichou Charis Pappas 32 Slow steaming by mandating speed limits only 78 NEW BUILDINGS Assistant to Chief Editor is by no means a solution Sealink Navigation Ltd: M/V DULCE DIVA Angeliki Koliomichou By Theodore Veniamis Market Analyst 80 TECHNOLOGY AND SHIPBUILDING Giannis Theodoropoulos 34 Reducing speed and GHG emissions to achieve the IMO's medium-term objectives 84 The enormous impact of tropical cyclones on Special Contributors By Panos Laskaridis ships and shipping logistics Capt. George Georgoulis By Dr. Nikos Mazarakis Nikos Vergounis 36 We need regulations that address Creative Directors the root causes of climate change 86 ENERGY AND NATURAL RESOURCES Panos Papanagiotou By Sir Michael Bibby Bt., DL Pandora Giamalidou 88 MARKET NEWS 38 Only the reduction of speed makes it possible New Media to reduce immediately ships emissions 90 Inmarsat enables and protects the IoT revolution Ilias Stefanidis By Philippe Louis-Dreyfus By Stefano Poli Photos ΑΠΕ/ ΜΠΕ/ ΕΡΑ 40 It is every shipping company’s responsibility to 92 Digitalization is not a fad Pixabay optimize its own fleet performance By Nabil Ben Soussia By Dr. Niels Hartmann Sailing along with Celestyal Cruises on a 3-day Gratia Publications I.K.E. 94 132 Syggrou Ave, 42 Banning excessive speed is simply the best cruise around the Aegean 117 45 Athens solution to achieve the 2030 emission targets By Angeliki Koliomichou and Ilias Stefanidis Τ: 210-92.22.501 / 92.48.006 By Yavuz Kalkavan F: 210-92.22.640 98 AVIATION INDUSTRY [email protected] 44 Slow steaming at the IMO By Prof. Harilaos N. Psaraftis 100 SPECIAL REPORT www.naftikachronika.gr Web strategy development by ITBOX 50 MANAGEMENT TRENDS 100 Are owners inadvertently restricting What are the key parameters shaping their pool of seafarers? While every effort has been made to ensure the shipping industry today? By Henrik Jensen the accuracy of the information contained in this magazine, no responsibility can be Seafarers are the front-line asset of shipping 102 Metropolitan College: accepted for errors, omissions or inaccura- 52 cies. Opinions expressed herein are those and should be treated accordingly Private maritime education in Greece of the authors and are not necessarily those By Capt. Kostas Kanellopoulos An interview with Antonios Vidalis of Gratia Publications I.K.E. Reproduction in whole or in part is prohibited without the and Capt. Nikolaos Makris prior written permission of the publisher. 56 The shipping market has always found a way to counter adverse consequences and emerge with 106 What motivates young people to choose new plans to self-regulate postgraduate studies in shipping By Theophanis Theophanous The students’ perspective ISSN 0047-861X 60 For the marine sector innovation-led change 118 Isalos.net’s Summer Lectures on Shipping 10 is nothing new The young generation gets updated on the MAIL 1449 CODE By Sunil Kapoor developments in shipping created by freshdesign.gr Gildo Pastor Center, 4 Xenias Street, 17 Duke of York Street, MONACO ATHENS LONDON 7 Rue Du Gabian, Kifissia, 145 62, London SW1Y 6LB, LATSCO SHIPPING LIMITED LATSCO MARINE LATSCO LONDON LIMITED MC 98000, Monaco MANAGEMENT INC Athens, Greece United Kingdom +377 9777 4670 +30 210 4595100 +44 (0)20 7907 5050 [email protected] MARITIME NUMBERS 10,000,000 dwt 4,000 £7.6 billion the newbuilt dry bulk ship the number of ships expected the annual contribution capacity delivered in the first to be fitted with exhaust gas of the UK ports industry four months of 2019. cleaning systems (EGCS) by to the British economy. 1 January 2020 according to EGCSA. €42,300,000 11,900,000 21 the Piraeus Port Authority's the TEUs transported per year all the number of LNG carriers earnings before tax for the over the world by Hapag-Lloyd’s ordered from South Korean corporate year 2018. 235 vessels. shipyards from the beginning of the year until end of June 2019. 30% US$11.6 billion 555 the percentage of sea-borne the estimated total investment the number of attacks on ships volume of crude oil transported required to develop the North recorded between January 2009 through the Strait of Hormuz. Sea Route infrastructure. and December 2018 in West African waters. 12 ON THE SEAFRONT This month’s top news stories from naftikachronika.gr Shipping is the absolute national the absolute national priority for Greece priority for Greece and presented the new government’s main priorities for the Ministry of Mari- The general election in Greece on 7 July time Affairs and Insular Policy. brought New Democracy to power with For Mr. Plakiotakis, Greek shipping is "the a strong majority and Kyriakos Mitsotakis healthiest and most extroverted sector of as the new Prime Minister. A day later, the the Greek economy." Referring to the Greek Prime Minister announced the composition shipping paradigm, he stressed that it is the of the new cabinet consisting of 51 ministers creative outcome of the good "cooperation and deputy ministers. Mr. Ioannis Plakiotakis, between Greek shipowners and Greek sea- a well-seasoned politician fully acquainted farers." Greek as well as international ship- with shipping issues as he had served as a ping has big challenges but also opportuni- shadow minister for maritime affairs in 2009 ties ahead, which must be addressed and and again in 2016, was appointed Minister of exploited with caution, he said. Key chal- Maritime Affairs and Insular Policy. lenges include the international regulato- Mr. Plakiotakis, who comes from the island ry framework, modern technological devel- of Crete, studied biochemical engineer- opments, intense market fluctuations that ing at the University of Wales, and then often cause turmoil in the market, but also completed a Master's degree in biochem- the need to protect the environment. ical engineering at the University of Lon- The new minister made particular refer- don, before completing another master's ence to the challenges and opportunities degree in business administration at City that are directly related to Greek shipping University London. and shipping entrepreneurship, as well as At the handover ceremony between out- the aspirations of the new leadership of going Minister Fotis Kouvelis and Mr. Plaki- the Ministry of Maritime Affairs and Insu- otakis, the latter stressed that shipping is lar Policy, which include the following: 14 • Increasing the Greek Ship Registry ing portal. According to Mr.