MARE FORUM and orecoal
PRESENT THE :

1st CAYMAN ISLANDS

SHIPPING SUMMIT 2013
 

Cayman - the crossroads to the Americas- examining maritime, shipping, environment, ship finance and business opportunities in the Americas


Monday 4 February 2013
Marriott Hotel
Cayman Islands



Looking at the headlines it seems like scary things await us going into 2013. World GDP is set to fall due to European economic problems, the lingering oversupply of newbuildings and not enough demand to absorb them, and greater regulatory demands. While last year the belief was that China would bring the world out of the crisis, now it seems that China is having problems of its own, with the inflation risk, tightening credit and weakening demand. All of the above directly affect the shipping industry with the result that the finance that used to be available to shipping companies has dried up. Only the top 15% of the largest shipping companies are said to be able to get financing from the traditional sources, granted at a higher rate. But it seems that for everyone else that shop has closed.

 

It is in these times that the savviest entrepreneurs look elsewhere and find new opportunities. Enter the Cayman Islands offshore financial industry, with its shipping history, direct ties to United Kingdom and developed stable economic and political climate. This combination makes the Cayman Islands the fifth largest banking center in the world and number one in hedge funds. As a result Cayman Islands have over 800 marine companies registered there. And it seems to be very reasonable that the shipping industry step in and take advantage of these financial opportunities.

 

This summit aims to analyze the pros and cons of shipping industry doing business offshore, and in particular the Cayman Islands, as it is in the crossroads between North and South America. Looking ahead, we will try to predict the trends, market outlooks, available financing, best new technologies for environmental sustainability and ways of generating new businesses while still making profits.

 

- as of 1 February -

[The list of session moderators, speakers and discussion panelists will be updated daily]


Monday 4 February 2013
Marriott Hotel
Grand Cayman
 

    Sunday 3 February
19:00   Dinner for speakers & panelists
hosted
by the Cayman Islands Registry and Marine Exhaust Solutions (MES)


    
     
    Monday 4 February
08:00   

Registration
 

    OPENING AND WELCOME
 
   

THE ORGANIZERS

Jannis Kostoulas

Managing Director, MARE FORUM
Karen Kokabi

Founder, ORECOAL & Blueship
 

   

Keynote speakers

09:00   

Nicky Pappadakis

Chairman Emeritus Intercargo

Chairman, A.G. Pappadakis & Co.

 

09:15    

The Premier, Honourable Juliana O’Connor-Connolly, LLB, BA (Hons), JP
Cayman Islands

 

    Session 1
    Advantages and Disadvantages in doing business offshore, particularly in the Cayman Islands

Speakers themes:
   
  • What are the pros and cons for registering ships in the Cayman Islands?
  • Is shipping a global industry or a series of global villages?
  • Will the tax havens come under scrutiny from the governments looking for ways to raise more capital?
  • What are the main sources of finance located in the Caymans and how can ship owners take advantage of them?
  • What are the strategies for a successful maritime cluster in the Cayman Islands?
  • What new opportunities can offshore provide for the shipping industry?
  • Flexibility of registering ships compared to other countries?
09:30  

Nicky Pappadakis

Chairman Emeritus Intercargo

Chairman, A.G. Pappadakis & Co.

Session Chairman
 

09:40  

Joel Walton

CEO
Cayman Maritime Authority
 

09:50   Hilary McKenzie-Cahill
President of Marketing
Cayman Enterprise City
 
10:00   Discussion between speakers, discussion panelists and audience participants

Conference Discussion panelists:

Nicky Pappadakis
Chairman Emeritus Intercargo
Chairman, A.G. Pappadakis & Co.
Joel Walton

CEO of Cayman Maritime Authority

Charlie Kirkconnell

Chief Executive Officer
Desmond Kinch

 CFA, Overseas Asset Management, Cayman Islands
John MacKenzie

West Indian Marine, Grand Cayman, Cayman Islands
Alejandro Trillo Menchelli

General Manager, Traer, Mexico
Richard Pruitt

Associate Vice President, Royal Caribbean Cruises Ltd.
Stephen M. Gumpel

Regional Vice President, ABS North America

Clay Maitland

Chairman NAMEPA
Philip Embiricos

Past president, BIMCO

Matt Sekela
President, Tactical Synergy
Carleen Lyden-Kluss

Co-Founder/Executive Director, NAMEPA
Peter Glass

Marine Exhaust Solutions, Inc. Canada
Dimitris Lyras

Managing Director, Lyras Shipping
Knut Helge Drivenes

Sales Director Maritime, Inmarsat
Nicholas Mitsos

Chairman, EURAFRASIA GROUP
Gary Morgan

Director, Analyst Team, Clarksons
Jannis Kostoulas

Managing Director, Mare Forum
Karen Kokabi

Founder, ORECOAL & Blueship
Basil Mavroleon

Manager of the Projects Group at Charles R. Weber Company, Inc.
Managing Director of WeberSeas (Hellas) S. A.

Evan Sproviero

Director, GMS (USA)
Jan Fransen
Managing Director, Green Award
Matthijs Schuiten
Design & Proposal Engineer, Damen Services
Damen Shipyards
Alexandra Anagnostis
President/CEO
Total Marine Solutions
Chris Dlugokecki
Country Manager USA, RINA USA Inc.

 

     
10:40   Break
 
    Session 2
    Shipping Markets Outlook and Economic World View.
Sources of Finance

Session hosted by ABS


 


Speakers themes:

   
  • Geopolitical considerations; exploring the risks and rewards
  • As the global economy slows down, going forward how is the international trade-growth affected?
  • International trade and commodities outlook – are trading patterns changing?
  • What’s the outlook of oil, gas and coal production and consumption?
  • How long before the shipping industry sees the start of demand bouncing back?
  • Shipping markets in focus per ship type, containers, dry bulk, liquid bulk, containers, offshore, cruise ships and yachts.
  • What are the views from charterers, shipowners and broker-analysts?
     
  • Could the Cayman Islands be a new source of ship finance due to its position as the fifth largest banking center in the world?
  • What are the realities and consequences facing the ship owners in today’s uncertain financial times, and what incentives do shipping companies have in leaving their home base and relocating offshore?
  • What are the challenges facing the shipping industry in finding new sources of finance?
  • How much capital is available in today’s shipping market?
  • Since the Cayman Islands have grown to be the world’s leading offshore hedge fund jurisdiction, could this be a potential new lucrative source for shipping finance?
  • In today’s economic climate, it looks like only the reputable ship owners with good track records can continue to tap the capital markets, what are the options for the other smaller companies?

    What are the advantages of registering mega-yachts and ships under the cayman islands flag? Some benefits include easier access to marine mortgages and financing because in order to register any marine asset one has to go through rigorous background and security checks. What are the tax benefits associated with the registration in the Cayman Islands?

11:00   Session chairman:

Philip Embiricos

Past President, BIMCO
 

    Speakers:
11:10  

Basil Mavroleon

Manager of the Projects Group at Charles R. Weber Company, Inc.
Managing Director of WeberSeas (Hellas) S. A.

 

11:20  

Gary Morgan

Director, Analyst Team, Clarksons
 

11:30  

Evan Sproviero

Director, GMS (USA)
 

11:40   Matt Sekela
President, Tactical Synergy
 
12:00  

Nicholas Mitsos

Chairman, EURAFRASIA GROUP
 

12:10   Discussion between speakers, discussion panelists and audience participants

Conference Discussion panelists:

Nicky Pappadakis
Chairman Emeritus Intercargo
Chairman, A.G. Pappadakis & Co.
Joel Walton

CEO of Cayman Maritime Authority
Desmond Kinch

 CFA, Overseas Asset Management, Cayman Islands
John MacKenzie

West Indian Marine, Grand Cayman, Cayman Islands
Alejandro Trillo Menchelli

General Manager, Traer, Mexico
Richard Pruitt

Associate Vice President, Royal Caribbean Cruises Ltd.
Stephen M. Gumpel

Regional Vice President, ABS North America

Clay Maitland

Chairman NAMEPA
Philip Embiricos

Past president, BIMCO

Matt Sekela
President, Tactical Synergy
Carleen Lyden-Kluss

Co-Founder/Executive Director, NAMEPA
Peter Glass

Marine Exhaust Solutions, Inc. Canada
Dimitris Lyras

Managing Director, Lyras Shipping
Knut Helge Drivenes

Sales Director Maritime, Inmarsat
Nicholas Mitsos

Chairman, EURAFRASIA GROUP
Lloyd’s Register
Representative

Gary Morgan

Director, Analyst Team, Clarksons
Jannis Kostoulas

Managing Director, Mare Forum
Karen Kokabi

Founder, ORECOAL & Blueship
Basil Mavroleon

Manager of the Projects Group at Charles R. Weber Company, Inc.
Managing Director of WeberSeas (Hellas) S. A.

Evan Sproviero

Director, GMS (USA)
Jan Fransen
Managing Director, Green Award
Matthijs Schuiten
Design & Proposal Engineer, Damen Services
Damen Shipyards
Alexandra Anagnostis
President/CEO
Total Marine Solutions
Chris Dlugokecki
Country Manager USA, RINA USA Inc.

 

     
12:50   Lunch hosted by Navios Maritime Holdings and Tactical Synergy

     
    Session 3
    NAMEPA Environmental Panel



Speakers and discussion themes:
   
  • Ongoing Trends in Shipping Innovations
  • How can policymakers and shipping market forces create synergy towards a sustainable shipping industry?
  • What are cruise ship environmental policies, ship safety and innovations?
  • How can we best address the environmental challenges in salvage removal?
  • How can we harmonize the international shipping community for more sustainable shipping and operations?
  • What is the best technology available due to the North American ECA (environmental controlled area). Will shipowners prefer to install a scrubber or change current engines to LNG fueled? Or to continue burning low sulfur fuel?
14:30   Session chairman:

Clay Maitland

Chairman NAMEPA

 
14:45  

Peter Glass

Marine Exhaust Solutions, Inc. Canada
 

15:00   Alexandra Anagnostis
President/CEO
Total Marine Solutions

 
15:15   Matthijs Schuiten
Design & Proposal Engineer, Damen Services
Damen Shipyards

 
15:30   Jan Fransen
Managing Director, Green Award
 
15:45   break
 
16:10   Discussion between speakers, discussion panelists and audience participants

Conference Discussion panelists:

Nicky Pappadakis
Chairman Emeritus Intercargo
Chairman, A.G. Pappadakis & Co.
Joel Walton

CEO of Cayman Maritime Authority
Desmond Kinch

 CFA, Overseas Asset Management, Cayman Islands
John MacKenzie

West Indian Marine, Grand Cayman, Cayman Islands
Alejandro Trillo Menchelli

General Manager, Traer, Mexico
Stephen M. Gumpel

Regional Vice President, ABS North America

Clay Maitland

Chairman NAMEPA
Philip Embiricos

Past president, BIMCO

Matt Sekela
President, Tactical Synergy
Carleen Lyden-Kluss

Co-Founder/Executive Director, NAMEPA
Peter Glass

Marine Exhaust Solutions, Inc. Canada
Dimitris Lyras

Managing Director, Lyras Shipping
Knut Helge Drivenes

Sales Director Maritime, Inmarsat
Nicholas Mitsos

Chairman, EURAFRASIA GROUP
Gary Morgan

Director, Analyst Team, Clarksons
Jannis Kostoulas

Managing Director, Mare Forum
Karen Kokabi

Founder, ORECOAL & Blueship
Basil Mavroleon

Manager of the Projects Group at Charles R. Weber Company, Inc.
Managing Director of WeberSeas (Hellas) S. A.

Evan Sproviero

Director, GMS, USA
Jan Fransen
Managing Director, Green Award
Matthijs Schuiten
Design & Proposal Engineer, Damen Services
Damen Shipyards
Alexandra Anagnostis
President/CEO
Total Marine Solutions
Chris Dlugokecki
Country Manager USA, RINA USA Inc.

 

17:00   Conclusions by the conference chairman

Nicky Pappadakis

Chairman Emeritus Intercargo

Chairman, A.G. Pappadakis & Co.

 

17:10

18:10

  DRINKS



 

 



 


 

INFORMATION
For further information on the conference please contact:

MARE FORUM
P.O. Box 3108
3003 AC Rotterdam
The Netherlands

Tel
: +31.10.842 57 97
Fax:
+31.10.844 99 69
info@mareforum.com