Shipping and the law / INTERNATIONAL PRESS (Page 3)
26 settembre 2017

MARINER COMMUNICATIONS: LEADING INDUSTRY FIGURES GATHER IN NAPLES FOR ‘SHIPPING & THE LAW’

Important names from shipping, ports, finance, law, insurance and technology will meet to discuss the pressing issues facing the maritime industry

Naples, Italy, 25 September 2017. The eighth edition of the international Shipping and the Law conference, organised by Studio Legale Lauro, will take place on October 12 and 13 at the Court Theatre of the Royal Palace of Naples.

The conference will include participation from a number of leading figures from shipowning, finance, law, insurance and other players from around the world. The conference concludes with a Gala Dinner in the Apartments of the Royal Palace, hosted by CR MAG and SMIT.

The conference procedings will be officially opened on October 12, followed by a welcome from well-known Naples lawyer and conference organiser Francesco S Lauro. It will be followed by a roundtable: Full Steam Ahead in the Age of Uncertainty on important challenging topics, among them the threats and the opportunities for European operators in the context of the rise of maritime China and other Asian countries.

The panel will also consider how the maritime world confronts global warming and the future of shipping in the age of growing protectionism, particularly the uncertainty created by Donald Trump, Brexit and other new political movements.

This session will include contributions from the president of the International Chamber of Shipping Esben Poulsson, the president elect of the European Community Shipowners Associations (ECSA) Panos Laskaridis, the president of Confitarma Emanuele Grimaldi, the president elect of Confitarma Mario Mattioli, the director for Waterborne Transport in Directorate-General for Mobility and Transport within the European Commission Magda Kopczynska.

Also taking part will be past presidents of the Union of Greek Shipowners and of the ECSA John C. Lyras and Thomas Rehder, chief economist of the Sheikh Yamani’s Center for Global Energy Studies Leo Drollas, the president of Banchero Costa Lorenzo Banchero, political analyst Roberto D’Alimonte, RINA CEO Ugo Salerno and member of the UK House of Lords Baroness Byrony K. Worthinghton.

The morning session will be moderated by Terry Macalister of Tradewinds and David Osler, Finance Editor of Lloyd’s List.

After lunch hosted by Palumbo Group, the conference proceedings will continue with a session dealing with shipping and port infrastructure finance with the participation of owners, bankers and investment fund managers, as well as the president of the Port Authority and vice-mayor of Antwerp Marc Van Peel and president of the Port Authority of Naples Pietro Spirito.

Among others, the president and the president elect of the Italian Young Owners Andrea Garolla and Giacomo Gavarone will take part to the proceedings.

The morning session on October 13 Law and Shipping will be opened by former International Oil Pollution Compensation (IOPC) Funds Director Mans Jacobsson’s keynote addess on Compensation for pure economic loss in relation to tanker oil spills. Past president of London Maritime Arbitrators’ Association Clive Aston will introduce a roundtable with CMI vice president Giorgio Berlingieri, Ince’s Ian Cranston, General Counsel Scorpio Group Luca Forgione; arbitrator and mediator St Philips Stone Chambers Jonathan Lux and Hill Dickinson partner David Pitlarge.

The final session of the conference Better Vessels for a Better World, moderated by Umberto D’Amato and Alberto Moroso, will be dedicated to new technologies. Participants  will include a representative of Tefin who will speak on a new system to prevent fires on ro-ro vessels, while Board member of Caronte & Tourist Lorenzo Matacena will talk on gas propulsion. Among the speakers there will be also representatives of Wärtsilä, WindDG, ABB, as well as Ecospray’s Franco Porcellacchia.

A post conference programme will follow on the island of Ischia commencing in the evening of Friday October 13 and concluding on the afternoon of Saturday 14.

Ends

To register for the conference, please visit: www.shippingandthelaw.org/

For media enquiries, including attendance at the conference, please contact Neville Smith on: neville.smith@marinercommunications.co.uk, tel: +44 7909 960 182.

Link: http://maritimeinsight.com/leading-industry-figures-gather-in-naples-for-shipping-the-law/

26 settembre 2017

HELLENIC SHIPPING NEWS: Leading industry figures gather in Naples for ‘Shipping & The Law’

25/09/2017

The eighth edition of the international Shipping and the Law conference, organised by Studio Legale Lauro, will take place on October 12 and 13 at the Court Theatre of the Royal Palace of Naples.

The conference will include participation from a number of leading figures from shipowning, finance, law, insurance and other players from around the world. The conference concludes with a Gala Dinner in the Apartments of the Royal Palace, hosted by CR MAG and SMIT.

The conference procedings will be officially opened on October 12, followed by a welcome from well-known Naples lawyer and conference organiser Francesco S Lauro. It will be followed by a roundtable: Full Steam Ahead in the Age of Uncertainty on important challenging topics, among them the threats and the opportunities for European operators in the context of the rise of maritime China and other Asian countries.

The panel will also consider how the maritime world confronts global warming and the future of shipping in the age of growing protectionism, particularly the uncertainty created by Donald Trump, Brexit and other new political movements.

This session will include contributions from the president of the International Chamber of Shipping Esben Poulsson, the president elect of the European Community Shipowners Associations (ECSA) Panos Laskaridis, the president of Confitarma Emanuele Grimaldi, the president elect of Confitarma Mario Mattioli, the director for Waterborne Transport in Directorate-General for Mobility and Transport within the European Commission Magda Kopczynska.

Also taking part will be past presidents of the Union of Greek Shipowners and of the ECSA John C. Lyras and Thomas Rehder, chief economist of the Sheikh Yamani’s Center for Global Energy Studies Leo Drollas, the president of Banchero Costa Lorenzo Banchero, political analyst Roberto D’Alimonte, RINA CEO Ugo Salerno and member of the UK House of Lords Baroness Byrony K. Worthinghton.

The morning session will be moderated by Terry Macalister of Tradewinds and David Osler, Finance Editor of Lloyd’s List.

After lunch hosted by Palumbo Group, the conference proceedings will continue with a session dealing with shipping and port infrastructure finance with the participation of owners, bankers and investment fund managers, as well as the president of the Port Authority and vice-mayor of Antwerp Marc Van Peel and president of the Port Authority of Naples Pietro Spirito.

Among others, the president and the president elect of the Italian Young Owners Andrea Garolla and Giacomo Gavarone will take part to the proceedings.

The morning session on October 13 Law and Shipping will be opened by former International Oil Pollution Compensation (IOPC) Funds Director Mans Jacobsson’s keynote addess on Compensation for pure economic loss in relation to tanker oil spills. Past president of London Maritime Arbitrators’ Association Clive Aston will introduce a roundtable with CMI vice president Giorgio Berlingieri, Ince’s Ian Cranston, General Counsel Scorpio Group Luca Forgione; arbitrator and mediator St Philips Stone Chambers Jonathan Lux and Hill Dickinson partner David Pitlarge.

The final session of the conference Better Vessels for a Better World, moderated by Umberto D’Amato and Alberto Moroso, will be dedicated to new technologies. Participants will include a representative of Tefin who will speak on a new system to prevent fires on ro-ro vessels, while Board member of Caronte & Tourist Lorenzo Matacena will talk on gas propulsion. Among the speakers there will be also representatives of Wärtsilä, WindDG, ABB, as well as Ecospray’s Franco Porcellacchia.

A post conference programme will follow on the island of Ischia commencing in the evening of Friday October 13 and concluding on the afternoon of Saturday 14.

Link: http://www.hellenicshippingnews.com/leading-industry-figures-gather-in-naples-for-shipping-the-law/

26 ottobre 2016

Industry leaders convene in Naples for a look into the future of shipping

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Hellenic Shipping News, October 18th 2016 – The 7th edition of Shipping and the Law conference, organized by Studio Legale Lauro, will take place 25-26 October, bringing together industry leaders and decision-makers from around the world.

The conference, in which over 200 shipowners, bankers, maritime lawyers, underwriters and other leaders of the Italian and European shipping scene are participating, will begin on Tuesday the 25th October with a welcoming address by Francesco S. Lauro and opening speeches delivered by ‎President of Confitarma Emanuele Grimaldi, Chairman of the International Chamber of Shipping Esben Poulsson, Secretary General Emeritus of the International Maritime Organization Efthimios Mitropoulos and Ammiraglio di Squadra Donato Marzano, Commander in Chief of the Italian Navy fleet.

The Opening Session titled “Energy and Shipping” follows opening speeches and will include a panel focusing on oil and gas market trends and macroeconomic perspectives on the price of oil and its relationship to shipping and shipping markets.

Participants will include Grimaldi and Mitropoulos in addition to d’Amico Società di Navigazione Chairman Paolo d’Amico, CEO of Scorpio Group Emanuele Lauro, CEO Suardiaz Group and former President of the european shipowners Juan Riva, Chairman of Ignazio Messina & C. Stefano Messina, CEO of Rina S.p.A. Ugo Salerno, Sheikh Yamani’s think-tank (Centre for Global Energy Studies) director Leo Drollas, the Italian Ministry of Economic Development General Director Amadeo Teti, CEO of Ecospray Technologies Guido Ceccherelli, oil markets expert Salvatore Carollo, CR MAG CEO Mauro Iguera, Senior Research Fellow at the Institute of International Affairs in Rome Nicolò Sartori, and former ENI General Counsel in Kazakhstan and member of Studio Legale Lauro Francesco Bentivegna acting as session moderator.

After lunch, professor Mans Jacobsson, who served for 20 years as Oil Pollution Compensation Funds Director, will give a keynote speech titled “The judgment of the Spanish Supreme Court of Cassation in the Prestige case – Does the judgment respect international treaties?”

In addition, presentations will be made by SMIT Salvage Commercial Director Richard Janssen, Head of Offshore at the Standard Club John Croucher, Nordic Association of Marine Insurers Managing Director Helle Hammer, and Loss Prevention Director at the North of England P&I Club Tony Baker.

The final session – “What’s happened to my banker?” – covers ship finance. This year’s panel will feature prominent Italian and foreign shipowners along with various representatives from the financial industry. The focus of the discussion will reflect on the changing landscape of ship finance at a time when banks are encountering challenges from the Basel III review and the increasing role of institutional debt and equity providers along with private debt funds, and incorporate the shipowners’ perspectives on alternative sources of capital.

Participants include Managing Director of Italy’s first and only dedicated shipping private equity fund Venice Shipping and Logistics Fabrizio Vettosi, private debt fund RiverRock Managing Director Roberto Ippolito, Ver Capital CEO Andrea Pescatori, the Association of Italian Banks Head of Credit Office Raffaele Rinaldi, Deloitte Partners Giuseppe Ambrosio, Carlo Laganà, and Mariano Bruno, Watson Farley & Williams Associate Michele Autuori, Lazard Vice President Francesco Moneta, Muzinich & Co. Managing Director Stefano Sostero, Greek shipowner (Ariston Navigation) John A. Xylas and PB Tankers Managing Director Francesca Barbaro.

The day’s procedings will be followed by a black-tie Gala Dinner hosted by CR MAG and SMIT.

The second day will begin with a session dedicated to the cruise industry. Confirmed participants include President of The International Propeller Clubs Italia Umberto Masucci, Secretary General and CEO at Cruise Line International Association (CLIA) Europe Raphael von Heereman, Senior Vice President of Costa Crociere S.p.A. Massimo Brancaleoni, MSC Cruise Country Manager Leonardo Massa, Royal Caribbean Cruises Med Port Development Manager Karina Santini, and the Head of Cabinet of the Italian Ministry of Infrastructure and Transportation Dr. Ivano Russo.

Following the Cruise Session will be the “Shipping and Big Data in the Era of Digitalization” session which will focus primarily on the increasing use of data and automation in shipping: digital data management and remote performance analysis, how to address data utilization and data ownership, cyber security, and legal ramifications and developments in this context.

Chaired by shipping data expert Philippe Holthof, participants will include Winterthur Gas & Diesel Senior Engine Portfolio Manager Carmelo Cartalemi and Wärtsilä Digitalization Director Mikko Tepponen, shipowners such as Perseveranza S.p.A. di Navigazione CEO Umberto D’Amato and LGR di Navigazione CEO Leonardo Rondinella, technical management teams, and other players from shipping technology and innovation.

Concluding the morning is “Looking to the Future” including members of the Young Shipowners at Confitarma such as Caronte & Tourist’s Lorenzo Matacena, Rimorchiatori Riuniti’s Giacomo Gavarone in addition to Greek shipowner Yannis Triphyllis. The panel, chaired by Confitarma’s young shipowowers president Andrea Garolla di Bard, will reflect upon the future of shipping and what it shall mean to them as the next generation of shipowners manage their companies in the future.

After lunch, a new and unique feature of the 7th edition of Shipping and the Law will be a mock mediation and arbitration session, with Jonathan Lux as mediator and an arbitration tribunal composed of President of the London Maritime Arbitrators Clive Aston and past LMAA president Chris Moss with a third to be announced shortly.

Scorpio Group General Counsel Luca Forgione and international law firms as Clyde & Co. and Ince & Co. will take part in mock mediation/arbitration proceedings with the view to have as a topic a substantial speed and performance claim of a recently delivered and newly-built vessel.

Known for its inspiring locations, Shipping & The Law will this year be held in the Suor Orsola Benincasa. Now a university, it was originally constructed in the 16th century as a monastery and enjoys breathtaking views of the bay of Naples.
Source: Shipping and the Law

Link: http://www.hellenicshippingnews.com/industry-leaders-convene-in-naples-for-a-look-into-the-future-of-shipping/

26 ottobre 2016

SPLASH24/7 – Italy’s shipping NPL market worth almost $10bn

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Splash24/7 – October 26th – While the overall amount of non-performing loans (NPLs) held by Italian banks has an estimated value of $350bn, the shipping sector accounts for almost $10bn. The statistic emerged during the finance session of the Shipping and the Law conference held in Naples where Michele Autuori, a lawyer from Watson Farley & Williams, discussed a presentation dedicated to the NPLs market.

“The shipping industry is a major borrower and has been one of the worst hit by the economic downturn and the vast majority of the Italian shipping firms, with the exception of few shipowners, are under restructuring,” he said. Italy’s top two banks, Unicredit and Intesa Sanpaolo, hold roughly half of the overall financial exposure of the local shipowners ($7bn out of $13bn) and they have been so far reluctant to sell their loan books at a highly discounted rate.

According to Autuori, hedge funds typically apply a 40% discount on average to the book value of Italian shipping loans to reflect higher default risks and greater potential for trouble when it comes to recouping their money in court. “Nevertheless investment funds seemed to be interested in buying Italian non performing loans and have set their sights on an estimated $13bn of shipping portfolios held by Italian banks,” commented the Italian lawyer.

As of today several NPL transactions took place in the Italian shipping market with Pillarstone Italy at the forefront with $281m invested, followed by Goldman Sachs with $206m, Deutsche Bank $193m and Bank of America Merrill Lynch on $3.8m.

Autuori however also stressed the issue that today there is a price gap of as much as 20% of loan value between NPL sellers and buyers due to many factors such as the inefficiency of the Italian judicial system and inability to carry out quick private sales.

Link: http://splash247.com/italys-shipping-npl-market-worth-almost-10bn/

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