Inter Cargo Review 2003

INTERNATIONAL ASSOCIATION OF DRY CARGO SHIPOWNERS


A n n u a l R e v i e w 2 0 0 3

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The Chairman’smessage

It is a pleasant change for me to be able toreport that the last twelve months have providedbulk carrier owners with a strong freight market.

Strong dry bulk freight markets are traditionallymore pronounced in the Capesize fleet than inother sectors and this market is no exception.Handysize, Handymax and Panamax daily rateshave all doubled since August 2002 but Capesizerates have tripled.

The shipping industry is at an interesting stage ofdevelopment. Whereas some economic indicatorsare somewhat uncertain, the effects of thedevelopment of trade with China are hugelysignificant. China is expanding its importrequirements at a significant rate. It is importantthat Intercargo focuses on the impact to shippingof the current industrial development in China.

An important result of this increase in trade will bethe demand for new ships. Plans are welladvanced to expand the shipbuilding industry inChina and there must already be some concernthat too much capacity is being planned.Overcapacity will put great pressure on a range ofindustries, not least of which will be shipownersand shipbuilders. Weak freight markets tend tofollow a short way behind the inception ofaggressive shipyard commissioning and the seedsfor such an outcome may already have beensown. In the past, shipping has suffered under theinevitable downward pressure on design standardsresulting from the need to remain competitive. Letus ensure that we do not fall into that trap again.

Intercargo has promoted a number of newinitiatives during the year and these are beingactively progressed.

The alliance between Intercargo and Intertanko isprogressing well and I am pleased to be able toreport that the two associations have moved tonew shared offices with a single secretariatproviding services to both associations coming onstream in the New Year. I am confident thatmembers will see improvements to the service asa whole.

Work continues with the formation of the ShippingAlliance which is a natural extension of theDirection Paper and which seeks to include moreindustry stakeholders in the process for change.I firmly believe that the existence of a strongShipping Alliance will go a long way to securing amore cohesive industry capable of providing thedesired leadership and outcome.

The rule maker and the regulator have beenomnipresent during the period of this Review.The industry is only now coming to grips withsome of the wider implications of the new rulesand regulations. Intercargo maintains the positionthat quality and safety issues are paramount, butat the same time, recognises that shipowners arebeing faced with some difficult and potentiallyexpensive choices.

Our industry demands strong leadership andrepresentation so that shipowners and managerscan be left alone to get on with the job in aclimate of trust and self-regulation. Unfortunately,there are many outside agencies which seek tominimise the industry’s scope for self-regulation. Ibelieve that Intercargo has a vital leadership roleto play and I would urge the membership toengage proactively in the issues that are currentlyunder discussion especially in the technical arena.

I have thoroughly enjoyed being your Chairmanand I should like to thank the Secretariat for theirconsiderable efforts and professionalism duringthe year. They are looking forward to thechallenges which await them in forging a commonsecretariat with their Intertanko colleagues and atthe same time providing an enhanced service forthe membership of Intercargo.

“Intercargo’s vision is for a safe, efficient and environmentallyfriendly dry cargo maritime transport industry where itsmember’s ships serve world trade – operating competitively,safely and profitably.”

Intercargo, the International Association of Dry CargoShipowners, represents the interests of 62 Full and 49 Associatemembers who between them own or operate about 800 dry cargo ships. Promotingthe interests of our member companies in regulatory fora such as IMO and IACS,Intercargo works closely with the other members of the Round Table of internationalmaritime associations (BIMCO, ICS and Intertanko) to promote a safe, high quality,efficient and profitable industry.

Major progress has been made during the year

in creating a closer Intercargo and Intertanko

working relationship. The reality of a single

secretariat providing services to both

associations will be in place in the New Year.

This is a bold step forward and is one that we

confidently expect will provide enhanced

efficiency in handling industry issues and will

also provide a better service for our members.

The Technical summary elsewhere highlights the

fact that a large number of new rules and

regulations have been formulated. These

concern bulk carrier safety and other topics

such as ship security and marine environment

protection. Flag State determination to effect

change has meant that Intercargo has been

unable to fully support and equally has been

unable to prevent many of these new rules and

regulations. For example, in the future it is

expected that new bulk carriers >150m LOA will

be required to be of double side skin

construction. Intercargo’s submission to MSC76

stated that the decision to build double side

skin or single side skin designs should be a

commercial decision and that it should be

possible to build a single side skin bulk carrier

which is fit for purpose.

Casualty Report

Last years’ bulk carrier casualty record

continued the long term trend of improvement

but with regulatory input increasing, any return

to 1980’s and 1990’s casualty levels will

certainly result in further draconian measures.

Port State Control

The port State control record of Intercargo

members remains significantly better than the

industry average. However, members cannot

afford to drop their guard and the industry as a

whole must be continually encouraged to

improve its level of safety and quality. The fact

remains that when rules and regulations are

handed out to the industry there is no

differentiation between the good and the bad

operator.

Green Award

Whilst there are very few clear financial

incentives for quality owners, 2003 marked the

start of the Green Award programme for dry

bulk carriers. A number of ports are in

discussion with Green Award about providing

incentives for ships that have been accredited

under the Green Award programme.

Places of Refuge

The ‘Prestige’ casualty, which occurred at the

end of last year, was another setback for the

entire maritime industry. Intercargo is

particularly interested in the ongoing discussion

The Dry Cargo year



concerning Places of Refuge and it is to be

noted that EU countries missed the 1st July

deadline for producing their list of places where

refuge could be taken. This was most

unfortunate.

Security

The details of the ISPS Security Code – now

well known – are yet another regulation that the

shipowner and his crew will have to implement.

The human element factor inherent in the

withdrawal or amendment of seafarers’ visa

requirements is being actively monitored.

Mississippi Exclusive Towage

Unacceptable operational issues such as the use

of exclusive tug contracts on the Mississippi

River continue to be opposed by Intercargo and

in this case we remain confident that the final

outcome, expected in 2004, will be a vindication

of our efforts to stop this practice.

The Round Table –

The United Front of Shipping

One area of very positive progress during the

last 12 months has been the level of

co-operation which has developed between the

members of the Round Table of international

maritime associations – BIMCO, ICS, Intercargo,

and Intertanko. The Round Table is proving to

be a very good voice for the industry and has

been responsible for issuing a number of

important press releases and communications

with Administrations. Further progress with this

co-operation is expected and with it a greater

sense of leadership for the industry.


Technical, Safetyand QualityThis year saw the International Maritime

Organization (IMO) agreeing, in principle, to a

comprehensive package of measures aimed at

addressing bulk carrier safety. New bulk

carriers will, for example, be required to be

constructed with double hulls and free-fall

lifeboats, while existing ships will have to

comply with a number of measures designed to

counter known problem areas. The

strengthening of the side frame structure and

hatchcover securing arrangements and the

banning of alternate hold loading, are among

those measures that were discussed. All bulk

carriers will also have to fit water ingress

alarms in their holds. What started life in March

2002 as the “8 initiatives” was rationalised by

IACS last year, which has resulted in separate

packages of statutory and classification

measures that are largely, but not exclusively

complementary.

Industry always, of course, has concerns when

it is faced with extensive regulation, and it has

been only a few years since SOLAS chapter XII

was introduced. What is hoped is that the need

for piecemeal rule-making in the future will now

be removed, so providing the degree of

certainty which shipowners expect. The Bulk

Carrier Casualty Report, produced by Intercargo

each year, continues to show a downward trend

in the numbers of bulk carriers and

crewmembers being lost. This is, of course, a

very encouraging sign, and one that should

continue as all the new rules that have been

introduced over the last ten years or so,

continue to take hold.

The one other area of control over shipping that

also continues to evolve, is port State control.

Of particular significance are the rule changes

introduced in July this year by the Paris MOU,

which are aimed at targeting high-risk ships.

Bulk carriers that fly a black listed flag and have

a history of detentions might, for example, be

banned from Paris MOU ports. The new

maritime security regulations and the

International Ship and Port Facility Security

(ISPS) Code which enter into force in July 2004

will effectively extend the port State control

inspection regime from ports to port

approaches. Intercargo held a seminar for its

members in Kuala Lumpur, Malaysia early in the

year, to promote the exchange of ideas and to

share any early implementation experiences.

When MARPOL Annex VI, which deals with air

pollution from ships, finally enters into force and

if the Anti-fouling and Ballast water management

conventions ever enter into force, further

inspection opportunities will exist which could,

for example, involve port States routinely taking

paint or water samples to verify compliance.

Intercargo has revised its Port State Control

Guide to take these, and other matters, into

account. It is available to members on the web

site, as is the latest Bulk Carrier Casualty

Report.


Management andCommitteesExecutive Committee 2003-2004

Chairman: Frederick Chavalit Tsao – IMC Shipping Co Pte Ltd

Vice Chairman: Gian Savasta – Premuda Bulk Ltd

Vice Chairman: Pierre Gehanne - Cetragpa and Louis Dreyfus Armateurs

Giuseppe Bottiglieri – Bottiglieri di Navigazione SpA

George Dalacouras – Dalex Shipping Co SA

Nicholas Fistes – Coeclerici Ceres Bulk Carriers NV

Shigeki Fukuda – Daiichi Chuo Kisen Kaisha

Pierre Gehanne - Cetragpa and Louis Dreyfus Armateurs

Huang Shaojie – Hong Kong Ming Wah Shipping Co Ltd

Ed Karelse – VOC Shipholdings BV

Hiromitsu Kuramoto – NYK Line

Seunggwon Lee – SK Shipping

Takeshi Matsui – Sanko Steamship Co Ltd

John Platsidakis – Anangel Maritime Services Inc

Stefano Pinto – Coeclerici Armatori SpA

Spyros Polemis – Seacrest Shipping Co

Masao Sagara – Mitsui OSK Lines

Gian Savasta – Premuda Bulk Ltd

Einar Skogstad – Belships Trading ASA

Benoît Timmermans – BOCIMAR

Alan Tung – Island Navigation Corporation International

Wang Chunlin – Sinotrans Shipping Ltd.

Wang Kunhe – China Shipping (Group) Company

Dato Hj. Mohd. Ali Hj Yasin – Malaysia International Shipping Corporation Berhad

Xu Zunwu – COSCO (HK) Shipping Co

Zhang Liang – COSCO Bulk Carriers Co Ltd

Note: In September 2003, Intercargo discussed the expansion of the Executive Committee.

Chairmen of other Intercargo Committees and Panels

Asia Panel: Position vacant

CASTEC (Safety, Environmental and Technical): Michael Shuker – Ceres Hellenic

European Panel: Pierre Gehanne – Cetragpa and Louis Dreyfus Armateurs

London Committee: Michael Parker – Citibank

Secretariat 2003-2004

Roger Holt: Secretary-General

Robert Lomas: Intercargo Manager

Xianyong Zhou: Technical Manager

Nigel Scully: Technical Consultant (retiring end 2003)

The AssociationMembership and leadership

Positive engagement with shipowners and other parties in order to create a unified and worthwhile

presence is one of Intercargo’s primary objectives – a function which will be enhanced in the coming years

as Intercargo and Intertanko work increasingly closer together to create even better services for their

respective memberships.

For those undecided about membership, membership of Intercargo offers the opportunity to effect change

or resolve problems that would not be possible for individual shipowners. Membership of, and participation

in the activities of a trade association can effect change.

What Intercargo offers the potential member is :–

� Support of a membership committed to the quality ideals outlined in the Direction Paper

� Involvement in a proactive and inclusive Committee structure

� Representation at IMO and other important international Committee structures.

� Access to high quality secretariat, web and paper based information services, including unique

publications such as the Annual Casualty Report and the recently updated “Port State Control” Guide.

To join Intercargo

Intercargo welcomes applications for Full Membership status from shipowner members and Associate

Membership status from companies or organisations providing goods or services to dry cargo shipowners.

Further information on what Intercargo has to offer may be obtained on request from the Intercargo Manager.

Intercargo – on the move

With effect from 1 October 2003, Intercargo moved to shared office accommodation with Intertanko. The

address is now:-

Ninth Floor

St. Clare House

30-33 Minories

London

EC3N 1DD

Tel : +44 207 977 7030

Fax +44 207 977 7031

E Mail (general) : [email protected] (all e mail addresses unchanged)

Website : www.intercargo.org


Photo Credits: Fafalios Ltd, Island Navigation Corporation International Ltd, NYK Line, Sanko Steamship Co Ltd.

MembershipABS Nautical Systems LLCwww.abs-ns.com

American Bureau of Shippingwww.eagle.org

Anangel Maritime Services Incwww.anangel.gr

Anglo Eastern Ship Management

Ltdwww.angloeasterngroup.com

Baltic Exchangewww.balticexchange.com

Banchero Costa & Co SPAwww.bancosta.it

Belships Trading ASAwww.belships.com

Bisso E. N. & Son, Incwww.enbisso.com

Bocimarwww.holding.cmb.be

Bottiglieri Di Navigazione SPAwww.bottiglieri.it

Braemar Seascope Ltdwww.seascope.co.uk

Brave Maritime Corp Incwww.vafiasgroup.gr

Britannia Steamship Insurance

Association Ltdwww.britanniapandi.com

Bureau Veritaswww.bureauveritas.com

Casocobos, S.ASpain – Tel: +34 985 175 216

Centralog Ltd.www.centralog.si

Ceres Hellenic Shipping

Enterprises Ltdwww.ceres.gr

Cetragpa GIE (Louis Dreyfus

Armateurs)www.cetragpa.fr

Chandris (Hellas) LtdGreece – Tel: +30 210 429 0630

China Classification Societywww.ccs.org.cn

China Shipping (Group)

Companywww.cnshipping.com

H. Clarkson & Co Ltdwww.clarksons.co.uk

Clifford Chancewww.cliffordchance.com

Coeclerici Armatori SpAwww.coeclerici.com

Coeclerici Ceres Bulk Carriers

NVMonaco – Tel: +37 793 100 400

Cosco (HK) Shipping Co Limitedwww.coscochs.com.hk

Cosco Bulk Carrier Co. Ltd

(Cosbulk)www.cosbulk.com

Daiichi Chuo Kisen Kaishawww.firstship.co.jp

Dalex Shipping Co SAwww.dalex.gr

Det Norske Veritas ASwww.dnv.com

Dex Serv Ltdwww.topdex.com

DLAwww.dla.com

Dorchester Maritime Limitedwww.dml.co.im

Drewry Shipping Consultants Ltdwww.drewry.co.uk

E.A. Gibson Shipbrokers Ltdwww.eagibson.co.uk

Eastern Mediterranean Maritimewww.eastmed.gr

Eastern Shipping Associates Pty.

LtdAustralia – Tel: +61 294 020 642

Empros Lines Shipping Cowww.emproslines.com

Eurocarriers S.A.www.eurocarriers.gr

Fafalios LtdUK – Tel: +44 (0) 20 7696 0701

Fearnleys A/Swww.fearnleys.com

Franco Compania Navierawww.franco.gr

Assuranceforeningen Gardwww.gard.no

Germanischer LLoydwww.germanlloyd.de

Global Maritime Ventures

Berhadwww.gmvgroup.com

Gourdomichalis Maritime SAwww.gmsa.gr

Grecomar Shipping Agencies

LtdGreece – Tel: +30 210 898 6160

Greek Shipping Co-operation

CommitteeUK – Tel: +44 (0) 20 7626 4545

Hong Kong Ming Wah Shipping

Co Ltdwww.hkmw.com.hk

Hydrographic Officewww.hydro.gov.uk

IMC Shipping Co Pte Ltdwww.imcshipping.com

IMIF (International Maritime

Industries Forum)UK – Tel: +44 (0) 20 7929 6430

Imperium Shipmanagement S.Awww.imperium.gr

Institute of Chartered

Shipbrokerswww.ics.org.uk

International Assoc. of

Classification Societieswww.iacs.org.uk

International Registries (UK) Ltdwww.register-iri.com

Island Navigation Corporation

International LtdHong Kong SAR – Tel: +852 283 33222

John P. Pedersen & SonsNorway – Tel: +47 24 14 95 00

Klaveness (Torvald Klaveness

Konsern AS)www.tk-group.com

Korea Register of Shippingwww.krs.co.kr

Liberty Maritime Corporationwww.libertymar.com

Lloyds Registerwww.lr.org

Lyras Shipping LimitedUK – Tel: +44 (0) 20 7324 5800

Malaysia International Shipping

Corporation Berhadwww.misc-bhd.com

Martek Marine Ltd.www.martek-marine.com

Mitsubishi Ore Transport Co Ltdwww.mitsubishi.or.jp

Mitsui O.S.K Lines Ltdwww.mol.co.jp

Multiport Ship Agencies

Networkwww.multiport.org

N.S. Lemos & Co LtdUK/Greece – Tel: +44 (0) 20 7481 8921

Nippon Kaiji Kyokai (Class NK)www.classnk.or.jp

Noble Chartering Limitedwww.thisisnoble.com

North of England P & I

Association Ltdwww.nepia.com

NYK Linewww.nyk.com

Olympic Shipping and

Management S. A.Greece – Tel: +30 210 949 8111

Osterreichischer LLoydwww.oelsm.com

Pacific Carriers Limitedwww.pclsg.com

Plutofylax Shipping CorporationGreece – Tel: +30 210 429 0023

Premuda Bulk Ltdwww.premuda.net

Rethythmnis and Kulukundis LtdUK/Greece – Tel: +44 (0) 20 7936 9012

Rina SpAwww.rina.it

Russian Maritime Register of

Shippingwww.rs-head.spb.ru

Rutter Technologies Inc.www.ruttertech.com

Sanko Steamship Co Ltdwww.sankoline.co.jp

Scinicariello Shipping Cowww.scini.com

Seacrest Shipping CoUK – Tel: +44 (0) 20 7377 0966

Shipping Corporation of India

Ltd.www.shipindia.com

Sigma Coatings Marine Divisionwww.sigmacoatings.com

Simon Montolio Y Cia S.A.www.smontolio.com

Simpson, Spense & Young

Shipbrokers Ltd (SSY)www.ssyonline.com

Sinotrans Shipping Ltdwww.sinotrans.com

SK Shippingwww.skshipping.com

Assuranceforeninigen Skuldwww.skuld.com

Star Shippingwww.starshipping.com

Steamship Insurance

Management Services Ltdwww.simsl.com

Target Marine S.A.www.targetmarine.gr

Teo Shipping CorporationGreece – Tel: +30 210 428 3320

Thomas Miller Ltdwww.ukpandi.com

Torm A/Swww.tormdk.com

Tsakos Shipping & Trading SAwww.tsakos.net

United Bulk ManagementGenoa – Tel: +39 010 291 241

V Ships UK Ltdwww.vships.com

VOC Shipholdings BVwww.vocshipping.com

Victoria Steamship Co Ltdwww.victoria-ss.com

Wallem Shipmanagement Ltdwww.wallem.com

Perivan Financial Print 201921


Inter Cargo Review 2003

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