Charting the Course through Economic Uncertainty. Richard T. du Moulin
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1 Charting the Course through Economic Uncertainty Richard T. du Moulin
2 Fastest trade growth in World History Shortage of ships and shipyards Unsustainable rates and euphoria Public and private capital Easy credit and low interest rates
3 ?? Huge newbuilding backlog Excess shipbuilding capacity Credit in shambles Slowdown - Euro, US & China politics
4 Three Ways to Fix Shipping Stop building ships Scrap ships older than15 years Banks face their losses But we all know this does not work, Or at least takes a very long time, so..
5 The Solution! QuickTime and a H.264 decompressor are needed to see this picture.
6 RISK MANAGEMENT in SHIPPING?
7 Shipowners All of the risk, with none of the management. The most important factor from an underwriting point of view?
8 Seamanship Ancient history? Surpassed by technology? Doesn t really matter anymore? Just a part of ISM? Out of sight (out of mind)
9 What is Seamanship? the knowledge of and skill in the navigation and maintenance of a ship
10 Leadership: Role of the Captain Master and Commander Absolute power & total responsibility Great Captains: Columbus, Magellan, Bligh, Cook, Shackleton.. Bully Waterman? Arthur Rostron?
11 Sea Witch 1849
12 Greatest Impact on Shipping? Steam? Propeller? Steel? Radar? GPS? Insurance? IMO?
13 Wireless! & Morse Code
14 Before Marconi Ship departs: arrives or disappears! Captain 100% authority & responsibility Total isolation of ship and crew Decision making at distant ports - agents and captain
15 After Marconi Ship no longer isolated Captain Master and Commander? Centralized command and control New decision making process Flexibility (change of orders) Scale Potential for rescue
16 Since Marconi: Evolution not Revolution Wireless Telegraph (binary) Wireless Voice Sat Phone - Voice Sat Phone - Data Internet (binary) Crew Cards
17 Is the Captain the Captain? Is Seamanship Respected? Does it matter any more? Exxon Valdez 1989 Costamare Rena 2011 Amoco Cadiz 1978
18 Back 100 Years April 15, 1912 Please not the Titanic again!
19 So who was Captain Arthur Rostron?
20 Come quickly, O.M., we are sinking fast. Position N W. Harold McBride (Jack Phillips) Scribbling down the position, Carpathia s wireless operator Harold Cottam raced to the bridge
21 Titanic Survivors
22 RMS Carpathia Arriving New York with 705 Titanic Survivors QuickTime and a decompressor are needed to see this picture.
23 Does Seamanship Matter?
24
25 Captain Schettino and the Italian Coast Guard QuickTime and a decompressor are needed to see this picture.
26 Captains Schettino and Rostron Voyage Planning and Navigation? Situational Awareness? Responsibility and Decision Making? Abandon Ship Order? Leadership? Seamanship?
27 Seamanship & Underwriting Not Limited to Ships Great tradition of Small Boat Voyages Bligh s 3600 mile Open Boat Voyage 1789 Shackleton s Trip to South Georgia 1916 Robin Knox-Johnson Circumnavigation 1969 Today s Yacht Racing and Cruising Modern Yachts not so small?
28
29 My Yacht (not to scale)
30 Fastnet Race Fatalities Force 12
31 Sydney - Hobart 1998 Biggest Air-Sea Rescue in Australian History 6 Fatalities
32 The Bass Strait QuickTime and a decompressor are needed to see this picture.
33
34 Community Response Safety at Sea Training Yacht Design and Construction Required Equipment Information (weather and sea state) Organization and Response
35 Seamanship! Training Knowledge Equipment Leadership Determination
36 A Bad Year in California Farralones Race - April 14, 2012 Sydney 38 Low Speed Chase Crew of 8 Fatalities 5
37 Course Around the Farallones
38 (photos) Low Speed Chase
39 two weeks later Newport to Ensenada Race Hunter 37 Aegean Crew of 4 all lost
40
41 Both Incidents Lack of Situational Awareness Poor Navigation Improper (Lack of) Use of Equipment Leadership Seamanship
42 Farralones: US Sailing Investigation Qualified Committee Investigation Supported by USCG Access to Survivors Public Report
43 Findings Failure of Seamanship: course over shoal waters on a lee shore Inadequate use of personal safety gear: tethers and crotch straps Poor communications Race management flaws USCG and Yachting community responding
44 Good News Fastnet Race Yachts sailors Gales and heavy seas Only one serious incident with major insurance claim (bad news) But no loss of life (good news)
45 Carina Rounding Fastnet After the Gale
46 Rambler100 Rounding the Rock in the Gale
47 Ten Minutes Later
48 Five crew drifted 2 miles Photo crew standing on bottom Photo 5 crew in water
49 No Loss of Life: Why? Training: Safety at Sea & Survival Equipment: Survival suits, PFD Technology - PLB Response - USCG, Irish CG, Civilian Determination Luck
50 Developing Seamanship Honor the Mariner Corporate culture Training - classroom & simulator Senior management presence ISM - form & substance Career path Cadet & apprenticeships
51 Port Newark (NY) Houston Paducah
52 Oakland
53
54 Safety at Sea Training Required for Major Ocean Races
55 Classroom & Hands-on Training
56 Junior Safety at Sea Training Storm Trysail Foundation and US Sailing
57 Dockside demonstration of reefing and harnesses Man Overboard Recovery
58 Available Technology Sat phone / Internet GPS / ECDIS Radar / AIS Bridge Control / Autopilots LAN Simulator Training Combined with Seamanship!
59 Underwriters and Brokers: Due Diligence Ship/Yacht Owners & Organizers: Commitment to the Mariner and Seamanship Walk the Walk! Put your money where their commitment is!
60
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