March 23, 24 & 25, 2015 Hilton Stamford Hotel, Stamford, - - PowerPoint PPT Presentation

March 23, 24 & 25, 2015

Hilton Stamford Hotel, Stamford, Connecticut

Supporting Organizations: Admiralty Committee of the Association of the Bar of the City of New York • American Salvage Association (ASA) • Association of Ship Brokers & Agents (ASBA) • The Baltic Exchange • BIMCO • Chamber of Shipping of America (CSA) • Connecticut Maritime Coalition (CMC) • Cyprus - U.S. Chamber of Commerce • Federal Bar Association – Admiralty Law Section • Hellenic-American Chamber of Commerce • The Hong Kong Shipowners' Association INTERCARGO • International Association of Classification Societies (IACS) • International Bar Association (IBA) • International Bunker Industry Association (IBIA) • International Chamber of Shipping (ICS) • InterManager • INTERTANKO • The Liberian Shipowners' Council Ltd. • The Maritime Industry Foundation • The Maritime Law Association of the United States (MLA) • National Association of Maritime Organizations (NAMO) The Nautical Institute • North American Marine Environment Protection Association (NAMEPA)• Norwegian-American Chamber of Commerce NYMAR: New York Maritime, Inc. • Security Association for the Maritime Industry (SAMI) • Society for Gas as a Marine Fuel (SGMF) Society of Maritime Arbitrators (SMA) • The Society of Naval Architects & Marine Engineers (SNAME) • Women's International Shipping & Trading Association (WISTA) Media Sponsors: Ampersand World • Argus Media • Bunkerspot • Bunkerworld • Commodity Appointments • Digital Ship • EduMaritime Network • Elaborate Communications • Fairplay • Fathom Shipping • gCaptain • Global Maritime Hub • Green4Sea • Green Shipping International • HANSA International Maritime Journal • IHS • ISSA Ship Supplier • Lloyd's List • Marine Log • Marine Money International • Marine NewsWire • Mariner's Annual Maritime-Connector.com • Maritime Executive • Maritime Media • Maritime Professional • Maritime Reporter • Maritime Security International Matrix Maritime Media • Mercator Media • Morgan Marketing & Communications • Motorship • Navigator Publishing • Petromedia Group Petrospot • Professional Mariner • Rhodes Communications, Inc. • Safety4Sea • The Sailings Group • Seatrade • Ship Management International Ship Technology Global • ShowMeTransport.com • Society for Gas as a Marine Fuel (SGMF) • SustainableShipping.com • Tanker Operator Tanker Shipping & Trade • TradeWinds • Worldoils

March 23, 24 & 25, 2015

Hilton Stamford Hotel, Stamford, Connecticut

The finest sense of the word carries with it an accumulated wisdom, style, skill, accomplishment, success and traditions at their best are cherished, nurtured and even held sacred. But, as any next generation knows, challenging accepted wisdom and practices is a hallmark of true growth and development. Questioning fosters exploration, encourages curiosity and empowers those who might create better ways, science and solutions. So this year we celebrate the best of our industry’s traditions, whether it be putting our ships to the test to meet the world’s needs or rescuing refugees in the Med. We also tip our hat to those who are constantly bringing forth new and better ways of doing things – and we are very for- tunate to have so many of you with us this year. The $40 million dollar project of a prior generation may today be a billion, but the skills, vision, imagination and commercial talents needed are there, successfully evolved from the best that went before. Please come celebrate, come debate, come do business, come join us in March. Thank you all.

Tradition: Celebrating the Best, Improving the Rest www.shipping2015.com

MONDAy, MARCH 23, 2015

2:00 pm – Traditjon: Celebratjng the Best, Improving the Rest – GRAND BALLROOM I

CMA President’s Welcome & Opening Remarks

• Ian Workman, President, Connectjcut Maritjme Associatjon and Vice President, Internatjonal Sales, World Fuel Services

“We’ve always been an industry, now we need to be a business.”

The opening session of CMA Shipping 2015 will look at evolving prospects and pressures on the industry - from ownership, vessel operatjons, freight, finance, technical innovatjon, safety management, talent recruitment, internatjonal governance and regulatory engagement to see how changes in the industry and the challenging markets of the past five years, have impacted the industry, in what way traditjonal practjces have been altered and what that means for each of us.

How does industry leadership view the current state of affairs and a vital global industry contend with a world of challenges and stjll make money?

Environmental Policy versus economic and operatjonal pragmatjsm How to marry financial incentjves to best sustainable practjces Regulatjon: Implementatjon without verificatjon…competjtjon on an uneven playing field Effectjvely re-examining historic terms of trade, from basic contracts to finance structures to terms of payment Harnessing new Technologies Artjculatjng the career path Geo-politjcal traps, sanctjons, war, refugees, terrorism

Keynote Address

• Admiral Paul F. Thomas, Assistant Commandant for Preventjon Policy, United States Coast Guard

Co-Moderators: Peter Hinchliffe, Secretary General, ICS Robert Bishop, Executjve Director, V.Group and Vice Chairman, INTERTANKO Speakers

• Nikolas P. Tsakos, President & CEO, Tsakos Energy Navigatjon Ltd. and Chairman, INTERTANKO
• Masamichi (Matu) Morooka, President & CEO, NYK Bulk & Projects Carriers Ltd. and Chairman, ICS
• Gerardo A. Borromeo, Vice-Chairman & CEO, Philippines Transmarine Carriers, Inc. and President, InterManager
• John S. Denholm, Chairman & CEO, J & J Denholm Ltd. and President, BIMCO
• Philippe Donche-Gay, Executjve Vice President, Marine & Offshore Division, Bureau Veritas and Chairman, IACS
• Nicholas A. Pappadakis, CEO, A. G. Pappadakis & Co. and Chairman Emeritus, INTERCARGO
• Admiral Paul F. Thomas, Assistant Commandant for Preventjon Policy, United States Coast Guard

5:15 pm Opening Session concludes 5:30 pm Opening Cocktail Receptjon in Exhibit Area Sponsored by: Afuernoon Refreshment Break Sponsored by:

TuESDAy, MARCH 24, 2015

9:15 am – “Lead, Follow or Get out of the Way” – GRAND BALLROOM I

Thought leaders and successful executjves look at some of the excitjng opportunitjes ahead..

Session Sponsored by:

Moderator

• Katharina Stanzel, Managing Director, INTERTANKO

Welcome Address: Ensuring Engineering and Technology Keep Pace with our Passion and vision for the Future

• Christopher J. Wiernicki, Chairman, President & CEO, ABS

Oil, Energy & Ships

Keynote Address: Blueprints for Sustainable Energy Growth in a rapidly expanding world

• Chris Midgley, Chief Economist, Shell Internatjonal Petroleum Company

The Band Plays On: A closer look at oil markets & ships

• Katherine B. Spector, Head of Commoditjes Strategy, CIBC World Markets Corp.
• Jerry Lichtblau, Director of Research & Analysis, True North Chartering, LLC
• Art Regan, President & CEO, Principal Maritjme Management LLC
• Ole B. Hjertaker, CEO, Ship Finance Internatjonal Limited

Society of Maritjme Arbitrators 8:00 am – 9:00 am Contjnental Breakfast in Exhibit Area Sponsored by: Morning Refreshment Break Sponsored by:

CLEvER LEADERS…..BOLD IDEAS – GRAND BALLROOM I

Shifus in the way Brokers, Class, Finance, Pools, Managers, Fuel Suppliers and other vital services have traditjonally managed their businesses calls for atuentjon. What will the Businesses look like in ten years? What size and shape companies will predominate? Will it be access to capital, personnel talent, technology, corporate vision, innovatjve ways of meetjng the evolving needs of customers that matuer most and drives change? And, what about the CMA Community, where much of this change is taking place?

Moderator

• Angus R. Frew, Secretary General & CEO, BIMCO
• Tom Boardley, Marine Director, Lloyd’s Register
• John Bamford, Partner & Managing Director, Sale & Purchase, Simpson Spence & Young
• Roberto Giorgi, Honorary President, V.Ships
• Jason P. Klopfer, Commercial Director - Americas, Navig8 Group
• Ian Workman, Vice President, Internatjonal Sales, World Fuel Services and President, Connectjcut Maritjme Associatjon

TuESDAy, MARCH 24, 2015

FINANCIAL INCENTIvES FOR OWNERS – GLEN ROOMS

Financial Incentjves for Owners: Realizing Fuel Efficiency, Emissions & Environmental Solutjons Presented by:

This special panel - supported by the Liberian Registry - will address the new market dynamics of using financial products to enhance fleet fuel efficiency, the role of the NGO and the regulatory landscape, as well as some of the solutjons available to owners to take advantage of these changes, such as innovatjve finance for efficiency and compliance and available incentjves from various stakeholders.

Moderator

• David H. Tongue, Secretary General, INTERCARGO

Providing Capital for Fuel Efficiency and Environmental Compliance

• Oliver Petrakakos, COO, EfficientShip Finance (ESF)

Incentjvizing Solutjons

• Christjan R. Mollitor, Vice President, Liberian Registry

The Landscape

• Alisdair Pettjgrew, Consultant & Senior Adviser, Carbon War Room Shipping Operatjon

Investjng in Regulatory Driven Green Technologies: Private Equity view on Green Technologies and Sustainability

• Brian Van der Waag, Infrastructure Group, Investment Banking, Janney Montgomery Scotu

12:30 pm – Luncheon Receptjon in Exhibit Area Sponsored by: 1:00 pm – 2:00 pm - Delegates Luncheon – GRAND BALLROOM II Sponsored by: Welcome

• Bureau Veritas

Professional Mariner “Plimsoll Awards”

The editors of Professional Mariner magazine will present three Samuel Plimsoll Awards, two for Outstanding Service, one for an individual and one for an organizatjon, who have been instrumental in making the industry safe for mariners. The third award, for Innovatjon, will recognize a product, service or procedure that significantly improves the well-being of seafarers.

TuESDAy, MARCH 24, 2015

2:15 PM – AFTERNOON SESSIONS

TRACK 1 – TRuTH OR CONSEQuENCES TRACK 2 – OuR PEOPLE, OuR FuTuRE TRACK 3 – BLACK ELEPHANT EvENTS

Crewing 69,000 ships equals a whole lot of peo- ple: Opportunity and challenges post Maritjme Labor Conventjon (2006/2014 amendments)

Moderator

• George J. Hoyt, Founder, Face of Shipping

What the Industry is doing to meet the challenges

• Kishore S. Rajvanshy, Managing Director, Fleet

Management Ltd.

• Ole Chr. Schroder, Director, Environmental

Compliance, Scorpio Group

• Michael Wilson, President, Laurin Maritjme

(America) Inc.

• Douglas B. Stevenson, Director, Center for

Seafarers’ Rights, Seamen’s Church Instjtute

• Phil Parry, Chairman, Spinnaker Global

"Future Proofing" the industry's next generatjon

The TK Foundatjon: Supportjng and Inspiring the Future Generatjon

• Susan Karlshoej, Managing Director,

TK Foundatjon

The 21st century Maritjme College Curriculum

• Dr. Timothy G. Lynch, Provost, Vice President,

Academic Affairs, SUNY Maritjme College at Fort Schuyler

Session Sponsored by: In a world of $50 barrels of oil: A series of Financial, Operatjonal and Technical Questjons of Special Relevance today

Moderator

• Robert N. Kunkel, President, Alternatjve

Marine Technologies

The ECO early economic verdict

• Salvatore d'Amico, Fleet Director, d'Amico

Società di Navigazione S.p.A.

The ECA calculus

The new sulfur emissions limits on vessels went into effect January 1, 2015. The US EPA has announced its enhanced coordinatjon with Coast Guard to monitor com- pliance. What must you do to comply? What actjons/omis- sions can be a violatjon? How do you set up operatjonal mechanisms to prove compliance and train your crewmembers on what do? EPA is already requestjng informatjon on compliance. How do you respond?

• Jeff King, Partner, K&L Gates LLP

Contending with the ofuen unexpected from a complex globe. Commercial solutjons to both visible and stjll invisible jarring events Sanctjons

• Jane Freeberg Sarma, Atuorney,

Watson Farley & Williams LLP

Member Self Assessment: Helping control the most likely accidents

• Capt. Karl Lumbers, Director, Ship Inspectjon

& Loss Preventjon, Thomas Miller P&I Ltd./ UK Club

SPECIAL BREAKOuTS: SPOTLIGHT ON The unintended, potentjally hugely ex- pensive realitjes of BIG ship accidents and security (plus salvage lessons from 2014)

Salvage Panel Sponsored by:

ULMVs are everywhere. Given the dramatjc trend toward Ultra Large Merchant Vessels of all classes, some vigorous forethought is overdue. The consequences of a mega ship casualty portend impacts across the shipping industry. Salvors and underwriters have been voicing concern for years, but the Law of Unintended Consequences says that all shipping interests have a stake in the development of response planning. The panel will quantjfy the contemporary reality, note some of the difficult prospects posed, partjcularly by a mega -container ship event, and suggest ways to take this pressing discussion forward.

Moderator

• Bob Umbdenstock, Director, Planning &

Corporate Relatjons, Resolve Marine Group.

TuESDAy, MARCH 24, 2015

LNG as a Fuel

Moderator

• Robert N. Kunkel, President, Alternatjve

Marine Technologies LNG as the environmental friendliest fuel in shipping: NOx, SOx, Partjcles and CO2 LNG as the most promising alternatjve ship fuel: business cases for US and Europe ECA zones

• Dr. Gerd-Michael Würsig, Business Director

LNG fuelled ships, DNV GL Maritjme, Oil and Gas Alternate Fueled Engine development and experience

• Ole Grøne, Senior Vice President of Promotjon

and Sales, MAN Diesel & Turbo

The Society for Gas as a Marine Fuel (SGMF): An industry collaboratjon initjatjve puts for- ward Quality Guidelines for Training, Bunkering and Safety Practjces

• Mark Bell, General Manager, SGMF

CyBER SECuRITy: A special session

focused on critjcal security issues and concerns for the industry

• Admiral Paul F. Thomas, Assistant

Commandant for Preventjon Policy, United States Coast Guard

• Dr. Tor E. Svensen, CEO, Maritjme, DNV GL
• James A. Watson, President & COO,

ABS Americas

• Dr. Hermann J. Klein, President, STG The

German Society for Maritjme Technology

TRACK 1 – TRuTH OR CONSEQuENCES TRACK 2 – OuR PEOPLE, OuR FuTuRE TRACK 3 – SPECIAL BREAKOuTS: SPOTLIGHT ON

• Jonathan Spencer, Average Adjuster and

Principal, The Spencer Company

• Bob Sanguinettj, CEO, Gibraltar Port Authority
• Bernie Cissek, Chairman, Eagle Underwritjng

Group Inc.

• Todd Schauer, VP-Operatjons, Resolve Marine

Group

• Phil Reed, Special Casualty Representatjve

(LOF) and Principal, Reed Maritjme

Mediterranean boat refugees:

When the finest traditjons of seafaring are put to the challenge

• f an enormous human tragedy. The increasing complicatjons

are, among others, the huge numbers of migrants in the Mediterranean, the changes in migratjon possibilitjes to Europe, diseases and links to criminal networks. The focus of the panel will not be on the migratjon issue itself (even though this is such an important topic), but specifically the effect that rescuing large numbers of migrants in distress has on crew mem- bers and shipping companies.

Moderator

• Clay Maitland, Managing Partner, IRI /

The Marshall Islands Registry & Founding Chairman, NAMEPA Introductjon

• Dr. Jason Zuidema, Executjve Director, North

American Maritjme Ministry Assoc. (NAMMA)

Crew consideratjon Safety consideratjons Cost and insurance consideratjons

• Benjamin Strong, Director, Amver Maritjme

Relatjons, U.S. Coast Guard

• Peter Hinchliffe, Secretary General, ICS
• Capt. Joshua Bhatu, Master, Campbell Shipping
• Pvt. Ltd.

5:30 pm – Cocktail Receptjon in Exhibit Area Sponsored by: 5:30 pm - 7:30 pm – Job Fair Sponsored by:

The CMA Shipping 2015 Job Fair is a contjnued feature of the show, cre- ated by the ideas and demands of our members. A forum to benefit both companies looking for qualified employees and prospectjve job seekers, there will be table-top displays hosted by companies looking to hire.

CMA Educatjon Foundatjon Challenge Competjtjon

Co-Moderators

• Beth A. Wilson-Jordan, Senior Associate,

Flagship Management LLC and Vice President, CMA Educatjon Foundatjon

• Molly McCafferty, Manager, Claims and Legal

Affairs, Clipper Bulk (USA) LLC and Director, CMA Educatjon Foundatjon

Session Presented by: Awards sponsored by:

WEDNESDAy, MARCH 25, 2015

MORNING SESSIONS – TRACKS 1, 2, 3 & 4 8:45 am – 9:45 am – Contjnental Breakfast in Exhibit Area

TRACK 1 – BIG DATA – BIG QuESTIONS – 10:00 AM START TRACK 2 – MARKETS, vALuES, CAPITAL – 10:00 AM START What would Shipping look like if Google were in charge??

In this age of big data it is not about optjmizing the connectjvity to the vessel so much as a focus on implementjng applicatjons that utjlize the connectjvity to optjmize business operatjons. This is the challenge which will build completely different organizatjons, will allow closer integratjon between charterers and operators, allow ship managers to demonstrate their value to ship owners and drive savings and productjvity.

Keynote Address: The Connected Ship, the smart ship: the best ideas from the minds of men and women – only some of which you have seen in the Trade Magazines

• Yasushi Nakamura, Representatjve Director & Executjve Vice President,

ClassNK Moderator

• Neville Smith, Director, Mariner Communicatjons

Harnessing Data into Actjonable Insights: 5 ways to optjmize your business

• John D. Veson, Co-President, Veson Nautjcal Corporatjon

Session Sponsored by:

Global Commodity Review: presentatjons by leading commodity analysts, owners, traders and chief economists

Keynote Address: To Own or to Charter?

• Ed Coll, CEO, Pangaea Logistjcs Solutjons

Moderator

• Dr. Arlie G. Sterling, President, Marsofu Inc.

The Markets: “It’s Stjll Supply and Demand, Stupid” or Will we ever stop shootjng ourselves in the foot? A look ahead...

• Dr. Martjn Stopford, President, Research, Clarkson Research Services Ltd.
• Urs M. Dür, CFO, TBS Ocean Logistjcs Inc. / TBS Shipping Services Inc.
• Dr. Anil F. Sharma, President & CEO, GMS (Dubai)
• Jeremy Penn, CEO, The Baltjc Exchange

Morning Refreshment Break Sponsored by:

WEDNESDAy, MARCH 25, 2015

The Ship-Shore Interface and Productjvity

• Brent C. Bruun, Executjve Vice President, Mobile Broadband,

KVH Industries, Inc.

Big Data: the impact of predictjve analytjcs on maritjme safety and efficiency

• Warwick Norman, CEO, RightShip

When every cabin has wifi… Beyond CrewToo

• Darrell Wilson, President, MTI Network (USA), Inc.

The Significance of Clusters

Moderator

• Joseph J. Cox, President & CEO, Chamber of Shipping of America
• Paul “Chip” Jaenichen, Maritjme Administrator, U. S. Department of

Transportatjon, Maritjme Administratjon

• Andreas Nordseth, Director General, Danish Maritjme Authority
• Esben Poulsson, Chairman, Enesel Pte. Ltd. and Hon. Secretary,

Singapore Shipping Associatjon

TRACK 1 – BIG DATA – BIG QuESTIONS TRACK 2 – MARKETS, vALuES, CAPITAL TRACK 3 – BuNKERS – 10:00 AM START TRACK 4 – ARBITRATION uPDATE – 9:15 AM START KNOW BEFORE FIXING – 4TH EDITION

Presented by: Session Sponsored by: Panel 1. Evidence and “Adverse Inference” in New york Maritjme Arbitratjon Disputes

This session will address the matuer of “adverse inference” that may develop regarding evidence and doc- uments in a dispute. Following on from introductory remarks by Dr. Bulow, the panel will discuss the prob- lems of collectjng documents and evidence in preparing for an arbitratjon. Issues that develop during a charter as a dispute arises will be discussed. These include insurance, P&I, brokers communicatjons, claims and operatjons records.

Moderator

• Dr. Austjn Dooley

Session Sponsored by: Bunkering in Challenging Times

The internatjonal bunker market is nothing if not resilient and is able to cope with most things thrown at it. Waves of new regulatjon – most notably the new low sulphur restrictjons in the North American Emission Control Area (ECA) which came into force on 1 January – are having an impact and causing some concern, but the new rules were long antjcipated and many will have been well prepared. In contrast, the collapse of

• il prices was not predicted. While a 50% drop in bunker prices may well have thrown a lifeline to some, for
• thers it has proved disastrous. Throw into the mix the overnight disappearance of one of the world’s largest

and most respected trading companies, and the chaos is complete. This bunker session will examine what has changed and what the future holds.

Moderator

• Llewellyn Bankes-Hughes, Founder, Managing Director & Publisher,

Petrospot Limited

Society of Maritjme Arbitrators

WEDNESDAy, MARCH 25, 2015

TRACK 3 – BuNKERS TRACK 4 – KNOW BEFORE FIXING – 4TH EDITION

Introductory Remarks

• Dr. Lucienne Bulow

Panel Members

• Bengt Nergaard
• Michael Northmore,
• Robert Meehan
• Capt. Mukul Bhushan

Panel 2. The CyAs of COAs And MOAs – Issues in Arbitratjon

The panel discussion will review issues arising in arbitratjons involving Contracts of Affreightment and in the various types of Memorandums of Agreement that have recently appeared in NY arbitratjons.

SESSION ONE: THE TECHNICAL ISSuES

Bunker Quality

This presentatjon will consider what are the fundamental elements that should be drawn into the new IMO Guidelines on assuring the quality of fuel delivered for use on board ships. It will then consider how the IMO reached the decision to move ahead with the quality issue, in partjcular the emergence of new port authoritjes willing to consider regulatjng bunker suppliers, and then discuss the relatjve merits of the systems currently being heralded as the benchmarks for industry leaders in terms of quality assurance, e.g. Singa- pore, Antwerp and Gibraltar.

• Tim Wilkins, Regional Manager Asia-Pacific, INTERTANKO Asia

2015 ECA – A New Directjon for Marine Fuels?

This presentatjon will consider the immediate impact the change in ECA legislatjon has had upon fuel types purchased and the additjonal analytjcal that testjng and parameters to be considered for monitoring distjllate fuel quality, along with an assessment of new hybrid fuel products.

• Steve Bee, Global Business Director, Intertek Ltd

Marine Distjllates

This presentatjon will look at marine distjllates, examining recent experiences with the cold flow propertjes

• f distjllate fuel and providing some examples of the problems that have been encountered by those using

0.1% Marine Gasoil and 0.1% compliant fuel oil.

• Denis Eley, Marine Fuels Quality Manager, World Fuel Services Corp.

2020: Ready or Not?

A look ahead to the next milestone facing the marine industry – the 2020 date for a global 0.5% sulphur cap on bunker fuels. Can the industry meet the new regulatjon? This presentatjon looks first at current world consumptjon of petroleum products and then looks at refiner optjons based on the IPECA analyses, before examining world average crude quality of residues based on assay data from the US SPR 800 million barrel crude reserve. Finally it examines the optjons open to shipowners: liquefied natural gas, ultra low sulphur diesel or scrubbers + Intermediate fuel oils.

• Dr. Rudy Kassinger, Consultant

Q&A Panel Discussion

WEDNESDAy, MARCH 25, 2015

TRACK 3 – BuNKERS TRACK 4 – KNOW BEFORE FIXING – 4TH EDITION

Moderator

• Jack Warfield, President of The Society of Maritjme Arbitrators

Panel Members

• Capt. Tom Fox
• Klaus Mordhorst
• Soren Wolmar
• Ken Berger

Coffee Break

SESSION TWO: THE COMMERCIAL ISSuES

An industry in Crisis – 2008 to 2014 – What Happens Now?

The internatjonal bunker industry needs to reboot itself. This presentatjon will look at the impact on the global industry of the demise of OW Bunker from a commercial point of view. What does it mean for struc- tural balance of the middlemen – the traders – as they interact with the suppliers and the buyers? Who are the winners? Who are the losers?

• Adrian Tolson, Managing Director, Aegean Oil USA LLC

Identjfying Risk

OW’s demise was a catastrophe, not only for its 600+ staff but also for many oil companies, bunker sup- pliers, traders, shipowners, operators and charterers. Several have followed OW into bankruptcy and, in turn, this has hurt their own suppliers and buyers. Clearly, the bunker market now has been shown to be a dangerous place: what has been the impact in terms of counterparty risk, credit risk and business trust? Has the world changed forever or is this just an unfortunate blip?

• Simon Hasslacher, Senior Analyst and Manager, Infospectrum Ltd. –

Americas

Q&A Panel Discussion 12:15 pm – Luncheon Receptjon in Exhibit Area Sponsored by: 12:45 pm – 2:00 pm - Delegates Luncheon – GRAND BALLROOM II Sponsored by: Welcome

• Scotu R. Bergeron, CEO, Liberian Registry

WEDNESDAy, MARCH 25, 2015

TRACK 1 – THE GENERATIONAL SHIFT – 2:15 PM START TRACK 2 – LEGAL SESSION – 2:10 PM START The Generatjonal Shifu

Session Sponsored by: What did your Father teach you? Was it right? What have you taught him? How would you build your own business today? Would it be shipping? Traditjon: Celebratjng the Best, Improving the Rest Thoughts on some current events:

The tyranny of Commissions and Margins – always thus? China, ECO, Gas, Public v. Private… PE Debate: All Exitjng? Implicatjons? Price of Energy Moderator

• Dagfinn Lunde, Chairman, Executjve Ship Management

Speakers

• Niels G. Stolt-Nielsen, CEO, Stolt-Nielsen M.S. Ltd. (invited)
• Vassilis E. Kertsikoff, Chairman & CEO, Eletson Gas LLC
• Phrixos B. Papachristjdis, CEO & Managing Director, Hellespont Ship

Management GmbH & Co. KG

• Fritz Heidenreich, President & CEO, Q88 LLC
• Nikolas P. Tsakos, President & CEO, Tsakos Energy Navigatjon Ltd. and

Chairman, INTERTANKO

SESSION ONE: TRANSACTIONAL SESSION TWO: LITIGATION Session Sponsored by: Co-sponsored by: The Maritjme Law Associatjon of the united States

(MLA) and The Admiralty Commituee of the Associatjon of the Bar of the City of New york

SESSION ONE: TRANSACTIONAL

Moderator

• John J. Benson, Partner, Watson Farley & Williams LLP

Diligence in Offshore vessel Transactjons: What to Look For

• Philip R. Rymer and Capt. Marcus P. Dodds, Partners, Reed Smith LLP

Hot Regulatory and Enforcement Topics

• Jeanne M. Grasso, Partner, Blank Rome LLP

Flying the Maltese Flag: What you need to know

• Dr. Jean-Pie Gauci-Maistre, Advocate, GM Internatjonal Services Limited

Topic TBA

• Michael S. Timpone, Partner, Seward & Kissel LLP

AFTERNOON BREAKOuT SESSIONS Afuernoon Refreshment Break Sponsored by:

WEDNESDAy, MARCH 25, 2015

TRACK 1 – THE GENERATIONAL SHIFT TRACK 2 – LEGAL SESSION

SESSION TWO: LITIGATION

Moderator

• Neil A. Quartaro, Counsel, Watson Farley & Williams LLP

Interactjon of u.S. Admiralty and Bankruptcy law

• Bruce G. Paulsen, Partner, Seward & Kissel LLP

Drifuing Away from the Principle of uniformity

• George M. Chalos, Managing Partner, Chalos & Co., PC

Ship Arrest in Canada – Interplay with the Bankruptcy Courts

• Peter G. Pamel, Partner & Head of Marine Group, Border Ladner

Gervais (BLG)

Ethics and E-Discovery in Shipping Disputes

• Vincent J. Foley, Partner, Holland & Knight LLP

The CMA will submit its CMA Shipping 2015 Legal Sessions to The Maritjme Law Associatjon of the United States (“MLA”) for approval for CLE credits.

CONFERENCE ENDS

WEDNESDAy, MARCH 25, 2015

5:30 pm - Commodore Gala Receptjon in Exhibit Area

Sponsored by:

7:30 pm - Commodore Gala Dinner – GRAND BALLROOM I & II

Sponsored by:

Commodore Award presented to the 2015 Commodore

• Capt. Panagiotjs N. Tsakos, Founder, Tsakos Group

By the 2014 Commodore Robert Bugbee, President & Director, Scorpio Tankers Inc. & Scorpio Bulkers Inc. ‘Til Late – Commodore Afuerglow – Hotel Lobby

Sponsored by:

Commodore Gala Dinner Toast Special Promotjonal Sponsorship Conference Room Wi-Fi Private Commodore Receptjon Exhibit Area Water Coolers & Reusable Botules Conference Room Pads

March 23, 24 & 25, 2015

Hilton Stamford Hotel, Stamford, Connecticut

We would also like to thank the following companies for their special sponsorships at Shipping 2015:

Silver Level Corporate Sponsors Bronze Level Corporate Sponsors Speakers’ Dinner Sponsor Conference Tote Bags Conference Name Badges Conference Badge Lanyards Internet Café Conference Room Botuled Water Presentatjons Web-Link

Photos by: Chris Preovolos (www.preovolos.com) *Program Subject to Change Version 31 2015_03_03

EXECUTIVE SHIP MANAGEMENT

March 23, 24 & 25, 2015

Hilton Stamford Hotel, Stamford, Connecticut

YES! I WOULD LIKE TO BECOME A SHIPPING 2015 DELEGATE! You can also register online at http://www.shipping2015.com

Note: Members include CMA Members, Employees/Members of Supporting Organizations & Event Sponsors

FULL CONFERENCE: MARCH 23, 24 & 25, 2015

Includes: All Sessions, Delegate Handbook, Private Web-Link of Speaker Presentations, All Breakfasts, Coffees, Lunch Receptions & Luncheons and Evening Receptions, Gala Dinner Reception and Commodore Gala Dinner (when chosen as an

• ption) and Commodore Afterglow.
• CMA Member $1,795 o Non Member $1,995 o I would like to join the CMA today at $75 per year (U.S.) or

$75 per year (overseas) to take advantage of the special member rate!

• without Gala Dinner $1,495 o Without Gala Dinner $1,795

PARTIAL CONFERENCE:

Monday, March 23 includes Afternoon Session, Private Web-Link of Speaker Presentations, Delegate Handbook, Afternoon Coffee and Evening Opening Reception.

• CMA Member $895 o Non Member $945 o Join the CMA today!

Tuesday, March 24 includes All Tuesday Sessions, Private Web-Link of Speaker Presentations, Delegate Handbook, Tuesday Breakfast, Lunch Reception & Luncheon, Coffees and Tuesday Evening Reception.

• CMA Member $995 o Non Member $1,295 o Join the CMA today!

Wednesday, March 25 includes All Wednesday Sessions, Private Web-Link of Speaker Presentations, Delegate Handbook, Wednesday Breakfast, Lunch Reception & Luncheon, Coffees, Gala Dinner Reception and Commodore Gala Dinner* and Commodore Afterglow. NOTE: *Available on a first come/first serve basis with preference given to Full Conference delegates).

• CMA Member $1,295 o Non Member* $1,395 o Join the CMA today!
• without Gala Dinner $995 o without Gala Dinner $1,195 o Join the CMA today!

Name ____________________________________________________________________________________ Company Position __________________________________________________________________________ Business Type: _____________________________________________________________________________ Company _________________________________________________________________________________ Street Address_____________________________________________________________________________ City_____________________________________________________________________________________ State ________________________________________ Postal/Zip___________________________________ Country __________________________________________________________________________________ Tel _________________________________________ Fax _______________________________________ Email ____________________________________________________________________________________ Payment information: o Payment enclosed o Charge my credit card o Visa o Mastercard o Amex Name on CC __________________________________ Card # __________________________________________________ Expiration Date _____________ Signature ______________________________________ Credit Card Security Code (3 or 4 digits located on back of card required for card processing) ______________________________________________________________ Make checks payable to CMA Shipping 2015 (Checks should be in US$ and drawn on a Bank with a US Branch) and mail to: CMA SHIPPING 2015 One Stamford Landing, Suite 214, 62 Southfield Avenue, Stamford, CT 06902 USA • Tel. +1.203.406.0109 • Fax. +1.203.406.0110 • Email. conferences@cmaconnect.com • Website. www.shipping2015.com

CANCELLATIONS: Should you be unable to attend the conference for any reason, please inform us in WRITING and a credit voucher will be issued towards any CMA product. Substitutions are welcome at any time, please inform us in writing of substitutions. If for any reason the CMA decides to cancel this forum, CMA does not accept responsibility for covering airfare, hotel or any other costs incurred by registrants. Program content subject to change without notice.