BOW WAVE 192

Grand Canal Edition

news and views on trade, insurance and risk

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Wavy Line	sam@wavyline.com
(c)2003 WavyLine.com	Issue No 192 28 Jul 03
Published free of charge to Readers
Editor: Sam Ignarski
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In this issue:

1. Welcome
2. Lord Levene in China
3. Portfolio Webzine
4. Traffic Jam Afloat
5. Transport for London
6. And Finally...

1. Welcome

Red Jet 4, your editor's Friday Night estuarial ride home to the Isle of Wight should help deal with the crush during Cowes week this year. Compared to its sisters in the trade it is capacious and smooth. Red Funnel Line, the operators have done a good job introducing her to the world.

http://www.redfunnel.co.uk/rj4

New Readers this week include:

Ulrika Larpes of Oy Gard Services (Baltic) Ab in Finland Barbara E. McClellan of Tri-City Brokerage in California James Burton in Hong Kong
Kenneth Mattfeld of Lord, Bissell & Brook in Los Angeles Paul Sawyer of Eurofeeders

Readers Write:

Marine artist Gordon Frickers writes:

Do you have any contacts in the Botany Bay area who would be interested & able to send me photos of the Bay, ideally taken from a boat, of the area around Bare Island ?

With luck there will be a signed limited edition print in it for them.
I have been researching the voyage of the explorer Laperouse. His ships were partly fitted out at Brest.

On the 26th of January (1788?) the very surprised British sent pilots to help two French ships enter the bay and anchor. An historic moment.
The French commander was Laperouse. I have a printer lined up to reproduce the painting.

It seems to me this or a visit by the British later (there were at least two by sea) would be the moment to show.

The two fleets were definitely in the Bay at the same time all be it only for one day, part of the British fleet may have already sailed to Sydney / Port Jackson.
I would also still like to find the "missing" accounts Laperouse sent back to the French Ambassador in England via the British ships before he sailed off to tragedy

Any ideas ?

Contact him at:

g.frickers@btopenworld.com

Container Shipping consultant Tim Power writes:

I am running a follow up event on security in container shipping that will take place in Antwerp on 9-10 September 2003.

The emphasis is on the real-life effects of security initiatives and how they impact the businesses of different industry players. We will also be having a good hard look at whether any of it is making any difference.

Your readers can find the programme at:

http://www.thedigitalship.com/virtualbox2003.htm

Contact Tim at:

tjpower@attglobal.net

Transportation Insurance specialist Mike Miller writes:

If you have goods moving through Hong Kong, Guangzhou or the Pearl River Delta at the moment, the latest statements from Hong Kong's Marine Department said port operations were expected to resume to normal. Most, if not all, port facilities were closed during the typhoon alert during last week.

Only limited damage is reported by the region's ports as the storm moved onto mainland China.

The crew of the Chinese containership Fu Feng were rescued by Hong Kong helicopter rescue teams.

Typhoon Imbudo (Imbudo means "Funnel" in Tagalog) carried 100mph (170kph) winds. The Philippines reported the most damage.

Airports in Hong Kong and Guangzhou have been closed but reopened shortly after the storm passed through.

You may need to check the status of your shipments and warn your shipping clients of possible delays.

contact him at:

mike.miller@allcovered.net

From John-L David, the Chairman of the London Branch of the Nautical Institute:

Attached is the program flyer and registration form for the Nautical Institute's Seminar in Southampton on 18 October 2003.

As your Readers can see, it is basically "The Mariner vs The Insurer" and will probably show how differently each views "Perils of the Sea".

The way the Hull Market is still going, it seems underwriters have some catching up to do! (How very true--ed)

For the program and a registration form go the NI's London Branch Website

http://www.nautinst.org/london

Short but we hope interesting edition this week

Enjoy.

2. Lord Levene in China

Roger Foord writes in the latest edition of LIMP, his zine covering Lloyd's Market issues:

Although the Prime Minister has had other affairs on his mind on his trip to the Far East, interestingly one of his main points is to sell UK business to the Chinese. As such he is delivering, today, a speech specifically to boost Lloyd's of London's quest for entry into the Chinese market. Lord Levene, who is also on the delegation, sees the PM's support as very significant in a market that has not previously opened its market. Getting a licence is crucial, especially as Munich Re already has been granted such and AIG are also very strong locally. Understanding the concept of Lloyd's might be difficult but if Munich Re have had success then things are probably changing. Lord Levene believes that the Chinese market will be 'a mega, mega market'. Hopefully all will be OK and once the market in China finds it can buy one piece of business from Lloyd's thirty minutes later it will want another one!

Read the whole zine at:

http://www.rogerfoord.com/

3. Portfolio

The lastest edition of the Webzine published by go-ahead Manila-based ICTSI (International Container Terminal Services, Inc) has been published.

Read it at:

http://www.ictsi.com/newsletter/Portfolio_May_June_03/May_June_03.htm

4. Traffic Jam Afloat

According to well placed sources in the industry, anything between 7000-11000 craft are trapped in the 1500 year old Beijing-Hangzhou Grand Canal following its temporary closure due to flooding.

Read all about it in:

http://fpeng.peopledaily.com.cn/200307/23/eng20030723_120848.shtml

5. Transport for London

Speak to anyone who lives in London as an expatriate and the subjects of cost and poor transport infrastructure are usually soon mentioned. The Mayor of London, Ken Livingstone has always had a personal flair for the subject of transport and is one of the few people in English public life to make any impression on this cinderella subject. This shows even in such things as the rather ingenious website offered up to users of the Capitol's frequently hot and crowded underground system.

http://tube.tfl.gov.uk/guru/index.asp

6. And Finally...

From Patricia Sit in Hong Kong come these very good questions asked about the English language:

If Fed Ex and UPS were to merge, would they call it Fed UP?

Do Lipton Tea employees take coffee breaks?

If olive oil comes from olives, where does baby oil come from?
If people from Poland are called Poles, why aren't people from Holland called Holes?

Do infants enjoy infancy as much as adults enjoy adultery?

Why is the man who invests all your money called a broker?
If horrific means to make horrible, does terrific mean to make terrible?

Why is it called building when it is already built?

If a book about failures doesn't sell, is it a success?
If you're not supposed to drink and drive, then why do bars have parking lots?

If you take an Oriental person and spin him around several times, does he become disoriented?

If vegetarians eat vegetables, what do humanitarians eat?

If working hours are meant for working, then why are you reading this?

BOW WAVE is published each week to around 8600 Readers in the transport,insurance,shipping and finance industries.

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