MARE FORUM USA 2006

MARITIME TRANSPORTATION OF ENERGY
- IDENTIFYING THE PRIORITY POLICY ISSUES -

8 & 9 November 2006

Marriott East Hotel, New York City

New York City - USA
 

SITUATION: International and United States energy costs continue at record high levels; and, the volume of energy cargoes continues to grow and marine transportation of crude oil, petroleum products, LNG/LPG, coal and other energy products is ever more essential to worldwide availability of energy for domestic and industrial use.

CHALLENGE: The energy and maritime transportation industries should produce and provide to consumers worldwide, readily available and reliable energy resources at the lowest possible cost, while enjoying a reasonable profit. This must be accomplished in a safe, secure and environmentally responsible manner.

THIS CONFERENCE will examine through a structured approach, the current state and future need relative to the principle elements that must be balanced to meet this challenge and identify associated priority policy issues. These elements include energy demand and production, capacity required to produce, transport, receive and distribute energy worldwide, availability of industry financing, and maritime safety, security and environmental regulatory issues.

The speakers
as of 03 November

Joseph J. Cox
President, Chamber of Shipping of America

Robert D. Somerville
Chairman and CEO, American Bureau of Shipping

Sean Connaughton 
U.S. Maritime Administrator

Bruce Carlton
U.S. Maritime Administration

Rear Admiral Craig Bone
Assistant Commandant for Prevention, U.S. Coast Guard

Will Jenkins
President, SeaRiver Maritime, Inc.
Chairman, International Marine Transportation Limited

Paul Leand
CEO and Managing Director, AMA Capital Partners LLC, USA

Richard Ford
ARAMCO

Basil Mavroleon
Managing Director, Charles R. Weber Co., Inc.

Dr. Michael Economides
Professor, University of Houston
Editor-in-Chief of the Energy Tribune
 

Robert Bugbee
President and Chief Operating Officer, OMI Corporation

Robert Corbin
Office of Fossil Energy, US DOE
 

Morten Arntzen

President & CEO, OSG

John Wobensmith
CFO, Genco Shipping and Trading

Paul Slater
Chairman, First International Corp

Tim Casey
President and CEO, K-Sea Transportation Partners LP

Richard Plant
Director, Special Projects, Masters, Mates & Pilots

Kendra Martin
Director - Marine Transportation
American Petroleum Institute, API

Sal Litrico
TECO Transport

David St Amand
President, Navigistics Consulting

Jim Dowling
Jefferies Capital Partners

Dan Sheehan
Advisor, International Registries, Inc.

Stefanie Kasselakis
General Counsel, Poten & Partners

Bill Gray
President, Gray Maritime Company

Bob Burke
CEO, ISEC

VADM James C. Card, U.S. Coast Guard (Ret.)
Maritime consultant

William R. Gallagher
President, International Registries, Inc.

Captain Kevin Coyne
Vice President for Quality & Compliance, General Maritime Corp

Michael  Chalos
Partner, Chalos, O’Connor & Duffy
 

Wilhelm Christian Magelssen
Senior Consultant
DNV Maritime Solutions

Tim Protheroe
Lloyd's Register Americas

Jannis Kostoulas
Managing Director, Mare Forum, BV

RADM Robert C. North U.S. Coast Guard (Ret.)
President, North Star Maritime, Inc.

 

		Wednesday, November 8, 2006 Marriott East Hotel, New York City
07:30		Registration
		First Day’s Theme: Can Shipping Meet Global and United States Energy Needs?
08:30		Opening and Introduction by the Conference Chairman Joseph J. Cox President, Chamber of Shipping of America
		Session 1: Setting the Scene The stakeholders Themes: Keynote speakers representing various interests describe their view of priority broad policy issues – concerns - challenges - barriers to success – meeting the CHALLENGE.
		Moderator: Joseph J. Cox President, Chamber of Shipping of America Keynote Speakers:
08:40		Robert D. Somerville Chairman and CEO, American Bureau of Shipping
08:55		Sean Connaughton U.S. Maritime Administrator
09:10		Will Jenkins President, SeaRiver Maritime, Inc. Chairman, International Marine Transportation Limited
09:25		Rear Admiral Craig Bone Assistant Commandant for Prevention, U.S. Coast Guard
09:40		Spiros Polemis (invited) Chairman, International Chamber of Shipping, ICS
09:55		Paul Leand CEO and Managing Director AMA Capital Partners LLC
10:10		Discussion/Debate between members of the discussion panel and audience participants Discussion panel: Joseph J. Cox President, Chamber of Shipping of America Robert D. Somerville Chairman and CEO, American Bureau of Shipping Sean Connaughton  U.S. Maritime Administrator Will Jenkins President, SeaRiver Maritime, Inc. Chairman, International Marine Transportation Limited Paul Leand CEO and Managing Director AMA Capital Partners LLC Spiros Polemis (invited) Chairman, International Chamber of Shipping, ICS Audience participants
10:30		Break
		session 2 Setting the Scene - Supply and Demand - Forecast of Short and Long-term World Energy Requirements, Sources and Distribution Impacts Themes: Global energy needs - demand and supply – focus on United States domestic supply and importation requirements – status & future of traditional and alternative energy sources Questions to be addressed by panelists and for discussion and debate by participants: • What are current predictions for global and US energy needs over next 20 years? • Where are energy reserves located? • Have traditional energy sources and U.S. refinery capacity peaked? • Are there feasible alternatives to traditional oil, gas and coal energy resources? • What percentage of need can feasible alternatives meet? Impact on shipping? • Will concern over Greenhouse Gases (CO2) affect energy choices? • What are the trends of importation of energy to meet U.S. energy requirements? • What is the impact of the growing energy demands of countries with rapidly expanding economies such as China and India? • Is LNG really the energy source of choice for the future when balanced against available technology and safety, security and environmental concerns? • Effect of the lifting of the ban on U.S. coastal oil and gas exploration and production? Moderator: Basil Mavroleon Managing Director Charles R. Weber Company, Inc.
10:45		Energy Supply and Demand - Geopolitics Dr. Michael Economides Professor, University of Houston Editor-in-Chief of the Energy Tribune
11:20		LNG – The energy choice for the future? Robert Corbin Office of Fossil Energy, US DOE
11:40		Discussion/Debate between members of the discussion panel and audience participants. Discussion panel: Basil Mavroleon Managing Director Charles R. Weber Company, Inc. Dr. Michael Economides Professor, University of Houston Editor-in-Chief of the Energy Tribune Robert Corbin Office of Fossil Energy, US DOE David St Amand Navigistics Richard Ford ARAMCO Audience participants
12:30		Lunch hosted by ABS
		session 3 Marine Transportation System Capacity Issues – Ships, Barges and Terminals – The Outlook for Tonnage Availability Themes: International energy shipping needs versus existing and projected capacity – inland distribution capacity and maritime role – US coastwise capacity versus importation – port and terminal capacity, safety and security Questions to be addressed by panelists and for discussion and debate by participants: • Given energy demand projections, will international shipping’s projected capacity be adequate to meet world and U.S. energy needs? • Will U.S. Jones Act tanker building resurgence – OSG at Aker, NASSCO arrangements with Daewoo, etc. continue? • Is there a rationale for building new tankers for operation in the U.S. Jones Act trade? • What is the optimum achievable balance between barges and tankers in the U.S. coastwise product trade with imported products carried by foreign flag tankers? • Should U.S. energy policy limit the amount of foreign petroleum products imported into the U.S. in foreign flagged tankers? • As oil and gas imports increase, will terminal capacity and infrastructure be adequate? • How many LNG terminals are needed? • How many LNG terminal projects are likely to be licensed and built?
		Moderator: Bruce Carlton U.S. Maritime Administration
13:30		Moderator's introduction Bruce Carlton U.S. Maritime Administration
13:40		International Shipping Capacity Stefanie Kasselakis General Counsel, Poten & Partners
13:50		U.S. Coastwise Shipping Capacity – A Market for Tankers? Morten Arntzen President & CEO, OSG
14:00		U.S. Coastwise Shipping Capacity – Barges only? Tim Casey President and CEO, K-Sea Transportation Partners LP
14:10		Manning Challenges - Where will the seafarers come from? Richard Plant Director, Special Projects, Masters, Mates & Pilots
14:20		Bulk Liquid Terminal Issues Kendra Martin American Petroleum Institute, API
14:30		Discussion/Debate between members of the discussion panel and audience participants. Discussion panel: Bruce Carlton U.S. Maritime Administration Sal Litrico TECO Transport Bill Gray President, Gray Maritime Company Morten Arntzen President & CEO, OSG Kendra Martin American Petroleum Institute, API Stefanie Kasselakis General Counsel, Poten & Partners Richard Plant Director, Special Projects, Masters, Mates & Pilots Tim Casey President and CEO, K-Sea Transportation Partners LP Audience participants
15:30		Break
		session 4 Investments and Financing the Maritime Transportation of Energy
		Where to invest your Money today? Questions to be addressed by panelists and for discussion/debate by participants: • With regard to investments involving maritime transportation of energy to the U.S. where is the best place to put your money? o Tankers in international trade? o Tankers built in U.S. yards for the U.S. coastwise (Jones Act) trade? o Barges built in U.S. yards for the U.S. coastwise (Jones Act0 trade?
		Moderator: Paul Leand CEO and Managing Director, AMA Capital Partners LLC
15:50		Moderator's introduction Paul Leand CEO and Managing Director, AMA Capital Partners LLC
16:00		Public vs. Private money? John Wobensmith CFO, Genco Shipping and Trading
16:10		What private equity seeks? Bob Burke CEO of ISEC
16:20		Understanding the value in public tanker stocks Robert Bugbee President and Chief Operating Officer, OMI Corporation
16:30		Discussion/Debate between members of the discussion panel and audience participants. Discussion panel: Paul Leand CEO and Managing Director, AMA Capital Partners LLC Jim Dowling Jefferies Capital Partners John Wobensmith CFO, Genco Shipping and Trading Robert Bugbee President and Chief Operating Officer, OMI Corporation Bob Burke CEO of ISEC Paul Slater Chairman, First International Corp Audience participants
17:30		Chairman’s Summary and Conclusions for the day.
18:00		Drinks hosted by INTERNATIONAL REGISTRIES, INC., MARSHALL ISLANDS
		Thursday, November 9, 2006
		session 5 Class - Technology and the Facilitation of Energy Transportation
09:00		Optimizing the risk adjusted cost of transportation Wilhelm Christian Magelssen Senior Consultant DNV Maritime Solutions
09:15		LNG Carriers - Ship Life Extension Tim Protheroe Lloyd's Register Americas, Inc.
09:30		Discussion/Debate between speakers and audience participants.
10:00		Break
		session 6 Regulatory Issues Impacting Maritime Transportation of Energy – Safety, Environmental, Criminalization, Security Themes: International and US regulatory initiatives – setting the right balance – introduction to LNG - salvage and firefighting – criminalization of maritime incidents in the US and Europe – security – level of risk and risk management? Considering, for example: • MARPOL VI implementation/revision; CO2 emissions control • Ballast Water Management • Goal Based Standards and Common Structural Rules • Electronic Charting/ECDIS • Salvage & Firefighting Requirements • Criminal enforcement of OWS & other MARPOL I violations • MARPOL IV implementation and revision • LNG terminal permitting • Maritime security requirements on ships and terminals Questions to be addressed by panelists and for discussion and debate by participants: • What should be the highest priority international and U.S. regulatory initiatives? • What problems are being encountered in MARPOL VI implementation? MARPOL IV implementation? • Should a revised MARPOL VI attempt to seek lower worldwide fuel oil sulphur content and eliminate Sulphur Emission Control Areas (SECA’s)? • What will be the impact of the U.S. becoming a party to MARPOL VI? • How should Port State Control take into account tanker vetting inspection data? Tanker Management Self assessment (TMSA) results? • Are there solutions to MARPOL I compliance/violation problems beyond criminal prosecution? • Is the IMO doing enough to prevent the proliferation of regional and unilateral regulation of maritime safety, security and environmental protection? What about the U.S. and it’s states? • LNG - safety and environmental regulation, USCG, FERC, MARAD, who’s in charge? Are concerns over safety and environment valid?
		Moderator: VADM James C. Card, U.S. Coast Guard (Ret.) Maritime Consultant
10:20		International Perspective William R. Gallagher President, International Registries, Inc.
10:30		U.S. Regulator’s View Rear Admiral Craig Bone Assistant Commandant for Prevention, U.S. Coast Guard
10:40		Shipowner’s View Captain Kevin Coyne Vice President for Quality & Compliance, General Maritime Corp
10:50		Criminalization of seafarers - Impact on the humman element Michael  Chalos Partner, Chalos, O'Connor & Duffy
11:00		Discussion/Debate between members of the discussion panel and audience participants Discussion panel: VADM James C. Card, U.S. Coast Guard (Ret.) Maritime Consultant William R. Gallagher President, International Registries, Inc. Richard Ford ARAMCO Rear Admiral Craig Bone Assistant Commandant for Prevention, U.S. Coast Guard Captain Kevin Coyne Vice President for Quality & Compliance, General Maritime Corp. Michael Chalos Partner, Chalos, O'Connor & Duffy Dan Sheehan Advisor, International Registries, Inc. Douglas Stevenson Director, Centre for Seafarers Rights Audience participants
12:00		Lunch
		Session 7: Conclusions A Focused Agenda For Policy Makers from Goverment and Industry Energy Requirements Versus Overall System Capacity and Other Limitations - Prioritization of issues
		Conference Chairman, Session Chairmen and Conference participants synthesize and prioritize the issues developed by each session> Develop a list of priorities for government and industry to address concerning: • Traditional – oil, gas, coal - energy resource development/exploitation • Development of feasible alternative energy sources • Maritime transportation capacity issues • Industry finance issues • International and U.S. regulatory initiatives
13:00 – 14:30		Moderator: Conference Chairman Joseph J. Cox President, Chamber of Shipping of America Open discussion where Moderators of Sessions 1-5 discuss the results of their panels between themselves and the participants and recommend prioritization of issues developed during days 1 & 2.

We look forward to welcoming you in
New York