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50 Lucrative Lucre … a Ratings to Riches Story THE MAGAZINE OF THE WORLD’S SHIPMANAGEMENT COMMUNITY ISSUE 4 NOV/DEC 2006 COVER STORY 50 Lucrative Lucre … a ratings to riches story Are Filipino Captains really earning four times the salary of their Prime Minister and if so, how is this new found wealth affecting their lives? 6 STRAIGHT TALK SHIPMANAGEMENT FEATURES NOTEBOOK 16 How I Work SMI talks to two industry 9 Pedersen swaps Thome for 13 Executive stress achievers and asks the question: How do you keep TESMA Wasting office time! up with the rigours of the Svein Pedersen has joined Eitzen shipping industry? 16 Maritime Services as President for 13 Dot com EMS Ship Management intrigue 21 Training for the on the P&I front task ahead 10 V.Ships to triple seafarer pool Insurers remain As Chief Executive Officer of non-plussed V.Ships’ Shipmanagement Company unveils plans to boost crew 16 numbers to 60,000 over P&I division, Bob Bishop is charged with steering an industry internet-based juggernaut. He spoke to Sean 10 Phew! What a relief! alternative Moloney about the challenges Professionalism and operational integrity ahead is alive and well in the V.Ships camp even 13 Suez Canal to expand if it does means losing an owners' fleet Egypt is planning to spend $1bn to expand 24 On My Mind 21 the Suez Canal by 2010, but analysts are Ole Stene is Managing 11 No ‘free lunch’ for IMO questioning its economic viability Director of Aboitiz Jebsen Bulk Transport Corporation The bunkering industry has reacted angrily 14 Box vessel calls top the rest and Chief Operating Officer to IMO’s decision to phase out residual of Jebsen Management AS. He fuels in an attempt to tackle the growing Container shipping proves its 10 year is also the newly appointed problem of ship emissions dominance President of InterManager 24 NOVEMBER/DECEMBER 2006 ISSUE 4 SHIP MANAGEMENT INTERNATIONAL 3 LETTERS DISPATCHES 20 Mailbox 50 Lucrative Lucre … a ratings to riches story Are Filipino Captains really earning four times the salary of their BUSINESS VIEWPOINT Prime Minister and if so, how is this new found wealth affecting their lives? Agents 26 - Swimming against the tide 54 A new kind of warfare By Emmanuel Vordonis The perennial issues of falling income due to downward pressure on New ships are coming onto the market: owners are taking deliv- agency fees and increasing workload, due to the agent’s enhanced role ery of huge fleets and in order for the ships to be staffed we’re in the exchange of information between the ship and shore, continue to going to get into warfare on prices and wage increases impact on the health of the port agency industry 56 A day in the mind of a PSC inspector Port state control detentions can put a black mark on a ship SPOTLIGHT operator's profit as well as its reputation. But are inspections really something to be feared? Andy Pierce joined a vessel inspection to 29 Teekay Shipping find out what today's inspectors are really looking for BUSINESS OF SHIPPING TRADE ANALYSIS 30 Burning objectives Sulphur emissions are a hot topic, but the debate is set to continue 58 Dun & Bradstreet Country Riskline Report for SINGAPORE with increased scientific understanding and new ideas providing more questions than answers 72 Stripping-out one product from another With implementation of the revised MARPOL Annex II and IBC Code 76 AdHoc just weeks away, owners, operators, managers and charterers of prod- Digitally Exposed! ucts and chemical carriers should have got their act together by now Papalexis: getting intellectual Gun tottin' trainers end up in LIVE choppy water Sounding off 80 Objects of desire Things that make you go oooh! ISSA glitz in Singapore Hair Oil - Mopping-up! BOOK REVIEW 88 Solid outlook for bulkmarket optimists Analysis by Jarle Hammer, Shipping Adviser at Hammer Maritime 82 What I’m reading Strategies With Douglas Lang, MD, Anglo-Eastern (UK) plus reviews of England’s Mistress and Box Boats: The Story of Container Ships REGIONAL FOCUS NEWBUILDING 38 Cyprus - Striding for growth The admonishment of Turkey by Brussels in early November for 83 European and Asian newbuilding roundup failing to lift its ban on Cyprus-flagged ships was largely expected but will have been greeted with nothing more than passing interest in the corridors of power in Nicosia and the shipping offices in Limassol MARKET SECTOR 60 Hong Kong/Singapore 84 Bridge Systems - Offering the navigator a helping hand A force to be reckoned with Advances for bridge watchkeepers' technological and practical needs Despite soaring office rents and rising wages it is still business as usual for the LIFESTYLE shipmanagement industry in Hong Kong. And any attempt by Singapore to establish a position of strength in the tanker manage- 92 On the catwalk ment market will only go to underline the The Murcielago LP640 was already the fastest Lamborghini ever strength of the region in helping to dominate this market sector built. Now it has been given a professional make-over just in time for Christmas… 68 Anglo-Eastern - Singularly focussed While there are definite advantages to being large, it doesn't mean 94 Skiing in style companies like Anglo-Eastern are immune to the problems affecting Ski resorts the world over are heaving under the force of people but, the industry as Andy Pierce discovered, winter paradise is not too far away 4 SHIP MANAGEMENT INTERNATIONAL ISSUE 4 NOVEMBER/DECEMBER 2006 STRAIGHT TALK Welcome to Ship Management International November/December 2006 Issue No. 4 www.shipmanagementinternational.com The Shipping Business Magazine today’s owners and managers have been waiting for Published by Elaborate Communications Acorn Farm Business Centre Cublington Road, Wing, Leighton Buzzard, Bedfordshire LU7 0LB United Kingdom Sales/Accounts +44 (0) 1296 682241/682051 Editorial +44 (0) 1296 682356 Long Live the King! Fax: +44 (0) 1296 682156 Email: [email protected]/[email protected] www.elabor8.co.uk never really thought that size mattered! cope with this extra business. After all, the scep- Ship Management International Editorial Board Indeed, there are those stalwarts who believe tics amongst us could be excused for clinging to Rajaish Bajpaee (Eurasia Group of Companies) that small really is beautiful because it pro- the notion that one of the main reasons shipown- Stephen Chapman (InterManager) I motes greater understanding of what you ers are interested in third party managers is Nigel Cleave (EPIC) have and what you can give. It is preferable to the because they believe they have the resources to Andreas Droussiotis (Hanseatic Shipping Company) existence of larger shipmanagement combines man and crew their ever expanding fleets. Dirk Fry (Columbia Ship Management) they say, because there is never any compromise But they don't! We all know the problems fac- Sean Moloney (Elaborate Communications) over personal service. The Customer is King and ing the crewing sector and if owners think a third Svein Pedersen (Thome Ship Management) we should be there 24/7, at the drop of a hat, to party ship manager can man his vessels with a Editorial Director: Sean Moloney tell him that in whatever way he wants telling. month's notice, without having to rob Peter to pay Assistant Editor: Andy Pierce The business ethics, I agree with. The cus- Paul, then he is largely mistaken. Many of the Technical Editor: David Tinsley tomer is always right and as a service industry largest and most respected ship managers have Advertisement Director: Jean Winfield third party managers should be mindful not only admitted such and have even turned down busi- Sales Manager: Mark Howe of his needs but of the needs of the customers he ness because they can't cope at such short notice. Sales Support: Martine Frost Research Manager: Roger Morley is trying to satisfy. But for the size issue: I am not So it is clear that crewing remains at the heart Accounts: Irene Morley so sure. of the expansionary thrust driving this industry Design & Layout: Phil Macaulay Because while I am constantly reminded about forward. But any quality third party manager Cover Photography: Martin Bou Mansour the need for personal service within the industry worth his salt knows this and will have surely Editorial contributors: and the downsides associated with the conse- taken it onboard as part of his overall strategy for The best and most informed writers currently serving quences of consolidation through mergers and growth. V.Ships have. They claim in this maga- the global shipmanagement and shipowning industry. acquisitions, the whole industry is besotted with zine that they have a strategy to near triple their ABC application approved March 2006 expansion. There is a determined effort by some seafarer pool to 60,000 by 2010 and they have Ship Management International is published six times of the smaller and medium-sized third party man- hired a head hunter to help them achieve this a year and is entirely devoted to reporting on the dynamic and diverse in-house and third party agers to take advantage of the growth in popular- goal. It would seem that the gloves are off in the shipmanagement industry. ity of their sector and grow their fleets exponen- fight for predominance. Subscriptions UK and ROW – 1 year: £85 ($153); 2 years: £160 ($288). tially. It is as if they are proud to be known as Whatever it says for the machinations between Download a subscription form from small enough to care and deliver but only as long the major players as far as the growth of managed www.shipmanagementinternational.com or as they are at the vanguard of a drive for growth.
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