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"The power of accurate observation is frequently called cynicism by those who don't have it."

G. B. Shaw

BOW WAVE 61


news and views on trade, insurance and risk

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(c)2001 WavyLine.com Issue No 61 22 Jan 01
Published free of charge to Readers
Editor: Sam Ignarski
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In this issue:

1. Welcome
2. Jeffrey Blum's Picks
3. Transpacific Conference in LA
4. WTO and China
5. January Insider
6. And Finally...


1. Welcome

"Dear Sam", lawyer George Eddings of Holmans writes, "the attached appeared in the lawyer magazine and shows how computer literate we lawyers have become"

quote

At the recent IT conference, Legal Sys-Tech, held in Singapore, delegates were informed how to make the most intelligent use of the amazing technology that is now on offer in most law firms.

Dale Nicholls, senior partner at Arthur Robinson & Hedderwicks (part of the Allens Arthur Robinson Group) in Australia, told the tale of one of his partners who has his PC turned to face the visitor's chair. When Nicholls asked him why, he said that having it in that position made it easier for his secretary to come in, print off his emails and then give them to him to read

unquote

This might be unfair to some, but if you hang around the part of the city known as Legal London and look through the windows of legal chambers on one of these dark evenings, it is impossible to avoid being impressed by the substantial collections of classical bumpf spread around in grand proliferation.



2. Jeffrey Blum's Picks

Bow Wave Reader and maritime polymath Geoffrey Blum recommends two sites.

The first is an American information site from the stable of publications which includes Maritime Reporter, MarineNews and Maritime Weekrun by webmaster Rostislav Sakhnovskiy which seems very strong on the oil and offshore scene and which supplies an alternative to the usual suppliers of maritime news.

To subscribe go to:

http://www.maritimetoday.com/

The second is a really good site run by the firm of Oldendorff Carriers, which proves that it is possible to talk about yourself and still be interesting. Highly informative and top marks for a collection of unusual links. Also check out the list of e-shipping portals and the trenchant views of henning oldendorff

http://www.oldendorff.com/


3. Transpacific Conference in LA

Peter Tirschwell the Editor of JoC Week/Journal of Commerce Online has written in with details of of the Trans-Pacific >Maritime conference the Journal of Commerce Group is organizing for March 5-6 in Los Angeles. Its focus is entirely container shipping and entirely trans-Pacific, he writes. It is timed to coincide with the rollover of Pacific eastbound contracts on May 1. At a time when all eyes are on the slowing US economy, the Conference is placing its emphasis on expectations for capacity and trade volumes, labour relations, improvements in terminal productivity and container shipping portals such as Inttra and Global Shipping Network. Flemming Jacobs, the CEO of the NOL Group is the keynote speaker. Other speakers will include Albert Pierce of the Transpacific Stabilization Agreement, John Vickerman of VZM Transsystems, Joe Miniace, president the Pacific Maritime Association and James Spinosa, president of the ILWU. Readers can obtain more information by contacting:

rstambach@joc.com


4. WTO and China

Our friend Eva Low of IBC Asia is promoting an equally timely Conference entitled China's Accession to WTO:Implications for Asia-Pacific's Transportation and Logistics Businesses -- An Opportunity or a Threat?

This will be held on 19-20 February 2001, at the Hong Kong Sheraton. If the speakers at this Conferene don't know the lie of the land, then there is little hope for the rest of us. They include

CC Tung, Chairman, Orient Overseas (International) Ltd / Hong Kong General Chamber of Commerce;
James Hughes-Hallett, Chairman, Swire Pacific Ltd, Cathay Pacific Airways, Committee on Logistics Services Development of the Hong Kong Port and Maritime Board;
Sir Gordon Wu, Chairman, Hong Kong Port and Maritime Board; Eric Ip, Managing Director, Hongkong International Terminals; Dora Kay, General Manager-Corporate Development, HK Airport Authority Hong Kong;
and speakers from DHL and UPS

Details and Registration from:

http://www.ibc-asia.com/


5. January Insider

The Insurance Publication with Attitude, the Insurance Insider has just published its January edition. Bow Wave readers may enjoy the views of David Schiff, the paper's US correspondent who writes under the heading of "Dollar Bills For 70 Cents" about why he has invested, despite some serious misgivings, in the stock of US online insurance companies InsWeb and Quotesmith.

"There can be no assurance that they can ever make money, that they can raise funds to continue their operations, that their technology won't become obsolete, that anyone will want to use their services three years from now, that their key employees won't go to work for companies that have greater perceived longevity, or that their computers won't develop incurable viruses."

Also marine diarist Bevis Marks writes:

"Post yuletide returnees to the marine insurance marketplace gulped when they read the latest call for reform of oil liability insurance by Antoine Jeancourt-Galignani, Chairman of Allianz subsidiary AGF. It is this company, Insider readers may recall, which has contracted for the staged buy out of the silver canteen called Tindall Riley, managers of the Brittania P&I Club, the oldest in the industry. In an article published in Le Monde (and retold wincingly by Lloyd's List, the oldest daily paper in the world), the AGF Chairman describes the current oil liability system operated by the Clubs an "unbelievable perversion" and urges the body politic to implement US Style liability approaches in Europe. He also asks that commercial insurers be allowed to organise the market on an economic basis.

There were of course-sensitivities--in the industry when it was announced that the Big Money players were entering the world of the mutuals by sweetening the puddings of these managers, rather than the Club itself. Will it all end in tears? 2-1 on."

See the insider's site at

http://www.theinsider.co.uk/


6. And Finally...

La-Z-Boy goes virtual.

If like the editor you have enjoyed some part of your familial domestic bliss in America, you will well know the sort of patriarchal armchair known as the La-Z-Boy, a flip up and lean back boxy item not unlike the better sort of seats on board airlines.

It has been announced that this staple of the living room is to enter the computer age. Wired couch potatoes now have a piece of furniture to call their own. WebTV Networks Inc, and luxury armchair manufacturer La-Z-Boy Inc. have joined forces to come up with the ultimate comfort "wired throne" experience to give wired couch potatoes a piece a furniture to call their own.

"This relationship allows WebTV Networks and La-Z-Boy to claim new territory and reach new audiences," says Kevin R. Wixted, director of marketing for La-Z-Boy. "Together, we've developed the most technologically advanced recliner to date and have created a way for every consumer to be comfortable with interactive television, e-mail and the Internet." The "Explorer" seat comes with a Microsoft WebTV receiver, wireless keyboard and two free months of the service, which enables Internet surfing, e-mail and interactive programs on a regular TV.

The chair has electrical connections for a laptop computer and telephone jacks for regular dial-up and high-speed digital subscriber lines.The fold-out tray can hold a WebTV, keyboard, laptop or maybe a scrumptuous TV dinner.

This notion of comfort and ease does not come all that cheap The fabric model costs $1,049 and the squeeky leather / vinyl throne costs $1,299.


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