5 episodes

Maritime and Trade Talk by S&P Global Market Intelligence - From risk and compliance to global supply chain, our podcast provides in-depth discussions and actionable insights with top industry experts and guests from the maritime, trade and supply chain industry.

Subscribe for the latest insight and opinion on trends shaping the shipping industry from trusted shipping experts.

Maritime and Trade Talk S&P Global Market Intelligence

    • Business

Maritime and Trade Talk by S&P Global Market Intelligence - From risk and compliance to global supply chain, our podcast provides in-depth discussions and actionable insights with top industry experts and guests from the maritime, trade and supply chain industry.

Subscribe for the latest insight and opinion on trends shaping the shipping industry from trusted shipping experts.

    EP5: Stirring the Melting Pot

    EP5: Stirring the Melting Pot

    Following IMO Maritime Safety Committee (MSC 104) in October 2021, consideration was given to IAPH’s submission outlining the recently finalised version of the Cybersecurity Guidelines for Ports and Port Facilities and calling for its inclusion in the next version of the IMO Guidelines on Maritime Cyber Risk Management. Its chair, Mayte Medina (United States), proposed a request to the secretariat to update the IMO guidelines, subject to agreement at the next meeting of the Facilitation Committee (FAL 46) that is due to take place in May 2022.

    Gene Seroka, the executive director of the Port of Los Angeles, and Patrick Verhoeven, managing director of the International Association of Ports and Harbors (IAPH), discussed the congestion issues the maritime industry faces, digitalization, and the way forward.

    Speakers:
    Gene Seroka - Executive Director, Port of Los Angeles
    Patrick Verhoeven - Managing Director, International Association of Ports and Harbors (IAPH)
    Ines Nastali - Senior Custom Publishing Editor, S&P Global Market Intelligence

    Gene Seroka is the executive director of the Port of Los Angeles, the busiest container port in North America. Throughout the pandemic, Seroka – who lived in China during the 2002-2004 SARS epidemic – has led the port’s response to the global health crisis, keeping cargo flowing as an essential service to the nation. Seroka has distinguished himself as a leader throughout his 33-year career in shipping, global logistics and executive management. He holds an MBA and Bachelor of Science in Marketing from the University of New Orleans.

    Patrick Verhoeven is the managing director of the International Association of Ports and Harbors (IAPH), responsible for policy and strategy. The organisation represents about 170 ports and some 140 port-related businesses in 90 countries worldwide. Prior to joining IAPH in 2017, Patrick spent twenty-four years in Brussels representing the interests of shipowners, port authorities, terminal operators and ship agents at EU level. He started his career in 1991 with the Antwerp-based ship agent Grisar & Velge. Patrick holds a PhD in applied economics and a bachelor’s in law from the University of Antwerp.

    Ines Nastali joined IHS Markit (now S&P Global) at the London headquarters in September 2018 as the editor of Dredging and Ports Construction magazine before taking over as editor of Ports & Harbors, the membership publication of the International Association of Ports and Harbors. She is responsible for the delivery of a bi-monthly magazine, always on the lookout for the latest market trends in order to keep readers informed, as well as the supplement production for all maritime publications.
    Making use of her experience in multi-media and data-driven storytelling, her focus for the company's maritime publications portfolio has been to establish the utilisation of IHS Markit's rich dredging, port and maritime data and to translate those datasets into interactive and print visualisations to give an insight into fleet data, port infrastructure developments and shipbuilding trends as well as casualty incidents. She holds a Bachelor of Arts in technical journalism from the Hochschule Bremen, Germany, and a Master of Arts in science journalism from London's City University.

    • 20 min
    EP4: Forging an Alliance

    EP4: Forging an Alliance

    In 2020, the International Association of Ports and Harbors (IAPH) surveyed its members looking at their compliance with the IMO Facilitation on International Maritime Traffic (FAL) Convention and found that only one-third of respondents met the requirements to have digital port community systems in place. This followed the International Maritime Organization (IMO) revelation in November 2020 that only 49 of the 174 IMO member states have working systems.

    Patrick Verhoeven, IAPH managing director, and Martin Humphreys of The World Bank discuss working together to advance digitalization and decarbonization in ports and give developing countries a fair business opportunity.

    Speakers:
    Martin Humphreys - Lead Transport Economist, South Asia Unit of the Transport Global Practice, The World Bank
    Patrick Verhoeven - Managing Director, International Association of Ports and Harbors (IAPH)
    Ines Nastali - Senior Custom Publishing Editor, S&P Global Market Intelligence

    Martin Humphreys is a lead transport economist in the South Asia Unit of the Transport Global Practice of the World Bank. He has been working in the transport sector for nearly 30 years in a number of different countries/regions.
    His experience covers roads, railways, inland waterways and maritime ports, public private partnerships, and trade and transport facilitation, in post-conflict, fragile, and low- and middle-income countries. Martin has a first degree in Economics, and a Master’s Degree and PhD in Transport Economics.

    Patrick Verhoeven is the managing director of the International Association of Ports and Harbors (IAPH), responsible for policy and strategy. The organisation represents about 170 ports and some 140 port-related businesses in 90 countries worldwide. Prior to joining IAPH in 2017, Patrick spent twenty-four years in Brussels representing the interests of shipowners, port authorities, terminal operators and ship agents at EU level. He started his career in 1991 with the Antwerp-based ship agent Grisar & Velge. Patrick holds a PhD in applied economics and a bachelor’s in law from the University of Antwerp.

    Ines Nastali joined IHS Markit (now S&P Global) at the London headquarters in September 2018 as the editor of Dredging and Ports Construction magazine before taking over as editor of Ports & Harbors, the membership publication of the International Association of Ports and Harbors. She is responsible for the delivery of a bi-monthly magazine, always on the lookout for the latest market trends in order to keep readers informed, as well as the supplement production for all maritime publications.
    Making use of her experience in multi-media and data-driven storytelling, her focus for the company's maritime publications portfolio has been to establish the utilisation of IHS Markit's rich dredging, port and maritime data and to translate those datasets into interactive and print visualisations to give an insight into fleet data, port infrastructure developments and shipbuilding trends as well as casualty incidents. She holds a Bachelor of Arts in technical journalism from the Hochschule Bremen, Germany, and a Master of Arts in science journalism from London's City University.

    • 19 min
    EP3: Sanctions Advisories for the Maritime Industry

    EP3: Sanctions Advisories for the Maritime Industry

    Office of Foreign Assets Control’s (OFAC) advisory on ‘Guidance to Address Illicit Shipping and Sanctions Evasion Practices’ of 2020 outlined a number of recommendations for financial institutions to manage shipping risk. The guidance relating to ‘dark’ activity and ship-to-ship transfers have been challenging to implement within existing trade finance compliance screening programmes.

    ACSS, IIBLP and IHS Markit interviewed a number of banks and others to look at the actions taken by financial institutions in response to the OFAC advisory notice and offer a series of practical recommendations to best manage the new world of shipping risk.

    Download the whitepaper: https://cdn.ihsmarkit.com/www/prot/pdf/0222/Sanctions-advisories-for-the-maritime-industry_Feb2022.pdf

    This paper will offer an overview of the shipping industry and how it relates directly to financial institutions in light of the Office of Foreign Assets Control (OFAC) and Office of Financial Sanctions Implementation (OFSI) advisories. We will cover the key aspects of Automatic Identification System (AIS) and discuss the main elements and steps in a typical ship-to-ship (STS) operation.
    A Working Group has been convened of trade finance experts in the banking, shipping and regulatory industries in order to answer and clarify the following points for compliance officers in financial institutions:
    1. An understanding of AIS
    2. How can data transmitted by AIS be manipulated
    3. What are the items of information broadcast

    This paper recommends the following as major factors for discussion and consideration:
    1. AIS outages and STS operations should be examined in closer detail if they occur for lengthy time periods of 10 hours or more. This would be a calculated average time taken to potentially conduct a port call or an at-sea cargo transfer. AIS outages below the 10-hour cut-off would potentially be insignificant from a risk and compliance perspective with the caveat that some DPRK ship-to-ship operations for petroleum products have been conducted in slightly less time
    2. AIS outages are only important if the vessel could engage with another vessel of the same type or perform a port call in the time it was ‘dark’. If this is not possible then a potential red flag becomes downgraded

    Speakers:
    Saskia Rietbroek - CSS, Executive Director at Association of Certified Sanctions Specialists (ACSS)
    Michael Byrne - CEO at International Institute of Banking Law & Practice (IIBLP)
    Byron McKinney - Director, Product Management at IHS Markit

    • 20 min
    EP2: Part 2 - The Basics Of AIS

    EP2: Part 2 - The Basics Of AIS

    What is AIS, what it’s designed to do, how does it work?
    The Basics of AIS Part I and Part II intends to assist users new to AIS to make informed decisions on the consumption and interpretation of AIS data.

    Download AIS Fundamentals: https://cdn.ihsmarkit.com/www/prot/pdf/0222/840090525_0222_MT_MAT_AIS-Fundamentals_Brochure_Final_LowRes.pdf

    Listen to Part I: https://soundcloud.com/maritimeandtrade-talk/ep1-part-1-the-basics-of-ais

    Speakers:
    George Devereese - Director, Maritime Risk & Compliance Product Manager at IHS Markit
    Richard Hurley - Senior Maritime Data Analyst at IHS Markit

    • 22 min
    EP1: Part 1 - The Basics Of AIS

    EP1: Part 1 - The Basics Of AIS

    What is AIS, what it’s designed to do, how does it work?
    The Basics of AIS Part I and Part II intends to assist users new to AIS to make informed decisions on the consumption and interpretation of AIS data.

    Download AIS Fundamentals: https://cdn.ihsmarkit.com/www/prot/pdf/0222/840090525_0222_MT_MAT_AIS-Fundamentals_Brochure_Final_LowRes.pdf

    Listen to Part II: https://soundcloud.com/maritimeandtrade-talk/ep2-part-2-the-basics-of-ais

    Speakers:
    George Devereese - Director, Maritime Risk & Compliance Product Manager at IHS Markit
    Richard Hurley - Senior Maritime Data Analyst at IHS Markit

    • 27 min

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