BOW WAVE 277

Bow Wave Issue 277--Fragrant Harbour Edition

news and views on trade, insurance and risk

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Wavy Line	sam@wavyline.com
(c)2005 WavyLine.com	Issue No 277 14 Mar 05
Published free of charge to Readers
Editor: Sam Ignarski
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In this issue:

1. Welcome
2. CH Tung
3. New Courses in Shipping Risk
4. HK Ferry Crash
5. Naked Roads and Streets
6. And Finally...

1. Welcome

New Readers this week include:

Wouter Colomier of Vanbreda Risk & Benefits in Antwerp Mike Peters of Xtra in NZ
Robert O'Connor, London editor for AM Best
Solicitor Lars Lewis of Richards Butler in Paris
Alan Wilkin of marine claims adjusters Rogers Wilkin Ben Macfarlane of Legal Support experts LexWerk
Solicitor Tim Wardlaw of Shaw and Croft

AfterOfficeHours News

This week's additions to the new on-line directory designed to list people and companies who can be called upon in emergencies includes:-

The American P&I Club
Insurance Brokers Tyzers
Insurance Brokers JLT
Surveyors Kiwi Marine Consultants

Register Now. Free Trial Period. Very Reasonable Rates.

http://www.afterofficehours.com

Quite a lot this week with a Hong Kong theme.

Enjoy.

2. CH Tung

The career of CH Tung as the first Chief Executive of the Hong Kong SAR has come to an end with his resignation last week after eight years in office.

Many Readers of Bow Wave will have known CH first as a shipowner, the head of OOCL and certainly it was in this capacity that your editor took the benefit of his support and advice as a then member of the Board of Directors of the TT Club.

His assumption of a highly visible role in Hong Kong public life was never going to be an easy one, but many of his character traits made him a strong candidate for it. His sense of duty would have played a major part in his motivation as the son of CY Tung, a major figure in the Hong Kong Shipping scene. Indeed, during the long colonial era in Hong Kong the firm was the only "Chinese company" in the local container scene and the choice of many aspiring men. But it would also have been his openness to new ideas and his ability to go with comfort between the East and the West which made him into the leading candidate to head the new SAR during the transitional years in Hong Kong.

It is unlikely that duty done, he will be greatly thanked for his efforts, nor will this greatly surprise him. Certainly the shipping scene will hope that he turns his mind to what may seem--after the passage of these turbulent political years--pastures fresh and new. We can think of few people more capable of understanding the new realities of shipping than the newly retired Tung Chee Hwa.

3. New Courses in Shipping Risk

Bill Lines writes:

The Baltic Exchange and the Centre for Shipping, Trade & Finance at London's Cass Business School unveiled plans today (10 March) to deliver a series of executive courses focusing on the management of a range of financial risks in the shipping markets.

The two day course "Shipping Risk Management" will cover freight, bunker, ship price, credit, foreign exchange and interest rate risk and will be held in London, Hamburg, Athens, Hong Kong and Singapore during 2005. The course will be delivered by the Centre for Shipping, Trade & Finance through Cass's Executive Education division, CassExec.

for more details go to:-

http://www.balticexchange.com/default.asp?action=article&ID=1513

4. HK Ferry Crash

A picture of the high speed catamaran, bound for Panyu City in Quangdong Province tied up in HK after a collision with a China-registered coaster during a foggy February day in Hong Kong harbour has appeared in the on-line Shenzhen News. Voices in the local surveying scene say that both the equipment and the crew standards coming out of the Pearl River are not always as good as they ought to be. To see the rather crumpled catamaran go to:-

http://www.sznews.com/n2/cal437276.htm

5. Naked Roads and Streets

The following passage appeared this week in the esteemed Michael Quinion's World Wide Words--the ezine for people interested in the subject of words and their origins:-

Turns of Phrase: Naked Street

A PR person's dream, this term is bound to make anybody sit up and take notice. Rest your beating pulse, this is all about the unsexy subject of traffic management. To disrobe a street, you remove all the conventional methods of controlling vehicles and keeping them separate from pedestrians. Traffic lights, barriers, signs, curbs, and pedestrian crossings are all taken out. The idea behind it is to make the road space less predictable. Instead of drivers being able to rely on road markings and charge along on the assumption that pedestrians are all corralled safely out of the way, they will have to continually interact with people, make decisions about how fast to drive and generally take more responsibility for their actions. London is trying the idea in Exhibition Road, Kensington, in which some of the capital's biggest museums are sited. The idea sounds extraordinary, so much so that the British tabloid newspaper the Sun wrote in an editorial: "Have you ever, in your whole life, heard of anything more stupid? Apparently the idea was conceived in Holland, where everyone is on drugs and drives slowly anyway." It was indeed pioneered in the Netherlands, but by the soberest of traffic planners, who claim success in significantly reducing accidents.

An interesting notion for port and harbour authorities?

http://www.worldwidewords.org

6. And Finally...

Another Fine Contribution from Sydney lawyer Frazer Hunt

I OWE MY MOTHER

1. My mother taught me TO APPRECIATE A JOB WELL DONE.
"If you're going to kill each other, do it outside. I just finished cleaning."

2. My mother taught me RELIGION.

"You better pray that will come out of the carpet."
3. My mother taught me about TIME TRAVEL.

"If you don't straighten up, I'm going to knock you into the middle of next week!"

4.My mother taught me LOGIC.

" Because I said so, that's why."

5. My mother taught me MORE LOGIC.

"If you fall out of that swing and break your neck, you're not going to the store with me."

6. My mother taught me FORESIGHT.

"Make sure you wear clean underwear, in case you're in an accident."

7. My mother taught me IRONY.

"Keep crying, and I'll give you something to cry
about."

8. My mother taught me about the science of OSMOSIS.
"Shut your mouth and eat your supper."

9. My mother taught me about CONTORTIONISM.

"Will you look at that dirt on the back of your neck!"
10. My mother taught me about STAMINA.

"You'll sit there until all that spinach is gone."
11. My mother taught me about WEATHER.

"This room of yours looks as if a tornado went through it."

12. My mother taught me about HYPOCRISY.

If I've told you once, I've told you a million times. Don't exaggerate!"

13. My mother taught me the CIRCLE OF LIFE.

"I brought you into this world, and I can take you out."

14. My mother taught me about BEHAVIOR MODIFICATION.
"Stop acting like your father!"

15. My mother taught me about ENVY.

"There are millions of less fortunate children in this world who don't have wonderful parents like you do."
16. My mother taught me about ANTICIPATION.

"Just wait until we get home."

17. My mother taught me about RECEIVING.

"You are going to get it when you get home!"

18. My mother taught me MEDICAL SCIENCE.

"If you don't stop crossing your eyes, they are going to freeze that way."

19. My mother taught me ESP.

"Put your sweater on. Don't you think I know when you are cold?"

20. My mother taught me HUMOR.

"When that lawn mower cuts off your toes, don't come running to me."

21. My mother taught me HOW TO BECOME AN ADULT.

"If you don't eat your vegetables, you'll never grow up."

22. My mother taught me GENETICS.

"You're just like your father."

23. My mother taught me about my ROOTS.

"Shut that door behind you. Do you think you were born in a barn?"

24. My mother taught me WISDOM.

"When you get to be my age, you'll understand."

25. And my favorite: My mother taught me about
JUSTICE.

"One day you'll have kids, and I hope they turn out just like you!"

BOW WAVE is published each week to over 11 800 Readers in the transport,insurance,shipping and finance industries.

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