Page 8 - Next Generation 2015 - Digtial Issue

Next Generation Introduction

NEXT GENERATION 2015 Self-starters also make the cut

In 2012, we only looked at the leading shipping difference but it will help you understand why some of the
families; this year we have broadened our focus and people who fit the criteria above — BW Group’s Andreas
clamped down on the age limit, writes Nicola Good Sohmen Pao, Thomas Wilhelmsen and Scorpio Group’s
Emanuele Lauro — are not listed. We regard them as ‘new’
THERE is no exact science to putting a together a list like 2015 generation. They are already at the helm and have been there for
Next Generation people. It is the result of hours of research from some time.
the Lloyd’s List editorial team, relying heavily on our extensive
network of contacts to offer the inside track on these rising stars. To be ‘next’ generation, you need to primed to take the
top position or have been tapped very recently, as is the case
This year’s list is different from the one Lloyd’s List produced with Mediterranean Shipping Co’s Diego Aponte and CMB’s
in 2012, which focused solely on the leading families in shipping. Alexander Saverys.
This time around, we have opened the list to stellar performers
in shipping that have risen to the top outside of the dynastic Shipping is a vast and often opaque industry. Some of its
traditions that still dominate the industry in many sectors. most influential players are not very forthcoming and in some
cases, we simply haven’t found enough verifiable information for
That is not to say we have ignored the leading families; rather a full profile. As some names have cropped up repeatedly, we
we have tried to isolate the heirs that we understand to have taken feel these individuals warrant a mention (albeit in some cases
a leading position within the family concern, so you will see many very short) and have included them in the ‘On our radar’ section.
familiar names and faces. We have also added age criteria. To
make the Next Generation 2015 list, you cannot be older than 45. The 2015 Next Generation List is not intended to be static.
We plan to add new entries online as and when people come to
Another difference is that we have also drawn a distinction our attention. If you think we need to include a rising star, please
between ‘next’ generation and ‘new’ generation. It is a subtle don’t hesitate to get in touch.

trading shipowners — are not quite orderbook. It still has 60 more time today’s shipping apprentices trade
washed up, but their powder is wet. newbuildings scheduled for delivery in their cubicles for the corner office.
2016-2017.
Private equity, one of the engines Now for the hard part. Shipping’s
that closed the funding gap after Yet enough winners still exist in next generation will have to figure out
Western ship finance banks withdrew the trading game — and as you would how to make money in this business
support from shipping, is struggling expect, many are Greek — to allow the in a distorted market in which
to make a return that would justify its breed to go on and trade another day. longstanding players still struggle to
entry. An exit, at least for now, does finance the assets they own.
not seem feasible. The era of strong Navios Partners has built up a
private equity backing is on the wane, low-cost fleet, benefiting from the But with challenges come
to say the least. Having been burned, unrestrained ordering of others. responsibilities. Concentrating on the
they aren’t likely to be as generous Angelicoussis Shipping recently business of shipping, it seems strange
with their wallets. bought three capesize vessels from to say, has been a largely neglected art.
Scorpio and paid $10m less than
Asian government money, in the Scorpio Bulkers shelled out for them. We know this because of the few
form of export-import bank supported To be fair, Scorpio’s other bold venture, anomalies in which the exception
deals, looks perennial. The export Scorpio Tankers, has a promising provides the rule. Maersk in box
credit institutions exist to boost future. shipping and Euronav (which bought
national industries and to create and Maersk’s tanker fleet) have made better
sustain jobs. Yet their role is to support Despite the crisis in today’s fleet, money in their respective shipping
transactions, not initiate them. With trading endures, and even thrives. corners not just on a powerhouse
private equity on the fence and banks funding base, but on sound
eyeing regulators warily, their impact THE BUSINESS OF management, discipline and follow-
is reduced. SHIPPING IS BUSINESS through. Angelicoussis Shipping’s
success has to be pegged as much
Asset trading shipowners are Trading will hardly stop — we’re in to focus on fleet management and
hardly about to go on the missing for another round of consolidation customer service as buying and selling
persons list. But the spring in their step — but trading as a goal will simmer at the right time.
has become less vigorous. Monaco- down while management of existing
based, New York-listed Scorpio Bulkers assets will dominate. The business of When Lloyd’s List visited Orient
has sold some newbuilding contracts, shipping, rather than the trading of Overseas Container Line in 2009, when
some for conversions, of its immense ships, will return to prominence as an global trade was just beginning to
influence in the industry at the very revive after the 2008 crash, a senior

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