Iron Ore and Coal World Shipping Summit 2013
The fifth annual Iron Ore and Coal World Shipping Summit will take place on October 1 in Athens, Greece. The conference will focus on the maritime transportation of iron ore and coal, making an attempt to forecast the trends of global economy; iron ore, coal and other commodities, production and distribution; the trading markets, shipping capacities, shipbuilding and shipping requirements; the financing and investment climate, shipping innovation effects on ship-values and the environmental imperatives. • Nicky Pappadakis, President Emeritus Intercargo and Chairman, I.G. Pappadakis & Co. • Harris Vafias President & CEO, StealthGas Inc. • George D. • John Su Managing Director, Keen Maritime Services Inc. • Janos Koenig Managing Director, Eurofin International Ltd.
Lyras to Give Presentation at Baltic Exchange
In connection with the Maritime London exhibition at the Baltic Exchange on October 3, 2002, Dimitris Lyras representing INTERTANKO will address the widely discussed issue of transparency of information with a presentation entitled 'Charterers are likely to soon depend on owners being transparent so what hurdles does this still leave for the industry to overcome ? ' Lyras's presentation will question whether there is some underlying solution to this discussion that will serve the desire of increasing safety and quality while mitigating the impact of isolated information that the industry is now required to make public.
Lyras Urges for Transparency
"A massive decrease in the number of tanker operators is highly likely in the future as oil companies become increasingly exposed to liabilities related to their transport supply chain," Dimitris Lyras, advisor to the board of Ulysses Systems, told delegates at yesterday's Tanker Operations Conference in London. Oil companies must make sure that their transport supply chain stands up to scrutiny in any eventuality, Lyras asserts, otherwise they risk enormous penalties in public perception and stock valuation. An oil major's liability for an oil spill is far greater than the cleanup and claimant compensation, the real cost is from damage to their long-term image and reputation as responsible energy suppliers.
