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Chairman’s Message




       In my Chairman’s Message last year, I claimed that 2018 had truly been a
       momentous year, especially with the adoption of the IMO Strategy on
       Reduction of GHG Emissions from Ships. This year, has been just as
       consequential for the shipping industry with the impact of what seems
       to be a continuous tidal wave of new legislation, including preparations
       for the implementation of the 2020  Sulphur Cap; the development of
       the IMO Short and Long-Term Measures; and the ongoing development
       of the GHG Strategy. I believe the reported potential devastating effects of changes to the
       World’s climate have not escaped anyone’s attention. The importance of this work cannot be
       overstated, and we need to get it right.

       The Bahamas Flag ranks very highly (number two) on the  Paris MoU Performance List, we
       have retained USCG Qualship status, and about one third of all ships on the USCG e-Zero
       programme fly the Bahamas ensign. This is truly testament to the hard work of our members,
       their ships and crews, and our excellent cooperation with the Bahamas Maritime Authority. I
       am very proud to represent the BSA as an association sailing to  the absolute highest
       standards, and our relationship with the BMA is key to our shared success.

       Across the breadths of our  industry, from             sincere and heartfelt sympathies to the people of
       legislators, national  maritime authorities, and       the Bahamas. I know several of our members,
       maritime associations, and beyond the  edges of        including Royal  Caribbean Cruises Ltd,  Disney
       the shipping industry to the NGOs interacting and      Cruise Line, Carnival Cruise Line, Norwegian Cruise
       monitoring our industry, and indeed public opinion     Line Holdings, Bahamas Paradise Cruise  Line,
       including topically young protestors – we  hear a      Campbell and Maritime Management LLC have all
       growing chorus of opinion voicing concern about        been working hard to actively support the relief
       environmental issues – and the need for a clear and    work, and on 10 September this year, our Manager
       cohesive shipping industry response. We have even      and I had the somewhat sombre task of delivering
       heard reports of certain UN bodies criticising the     a contribution from the BSA to  Hurricane Dorian
       IMO for setting goals in its GHG Strategy that were    Relief Fund.
       not assertive enough! It  is evident that political    During the past year the BSA, in our joint
       pressure is mounting on the shipping industry. It is   delegations with the BMA, have met with the Paris
       therefore extremely relevant and germane to this       MoU, USCG, EPA; Chamber of Shipping of America;
       wider industry dialogue that we  focus on these        and CLIA. Holding topical discussions with
       topical issues during this year’s AGM  and             regulators and other major industry bodies is part
       Conference. The implementation of the  Sulphur         of our proactive work.  These meetings provide a
       Cap on 1 January 2020 is a prime example of where      platform to represent our members at the highest
       there has been a disconnect between political will     levels of the industry, and provide insights on
       and technical understanding.
                                                              future developments, and allow us to  have a
       From a shipowner’s  perspective, the Bahamas           constructive dialogue on all relevant issues and to
       Shipowners Association is at the forefront of          influence future changes.
       discussions  on the development of the IMO  GHG        I would like to thank the BSA Board of Directors for
       Strategy. I have had the honour to serve as            the trust and support  they  have given me during
       Chairman of the ICS LTM Working Group together         this past year and  in particular I wish to
       with BIMCO, INTERTANKO, INTERCARGO,  CLIA,             acknowledge Domenico Rognoni of Carnival as BSA
       WSC, and ITPA. I also participated as part of the ICS   Vice  Chairman and Kenneth  Engstrom of Cruise
       delegation     in   discussions    regarding    the    Management International as BSA  Treasurer for
       development of an industry-wide strategy for           their active involvement in the BSA. I would also
       achieving the goals set by the IMO.
                                                              like to express my sincere thanks to Anders Brodje
       Little less than a month ago, Hurricane Dorian         as BSA  Manager and to  our former secretary
       devasted large parts of the Bahamas and many of        Kendanique Ferguson, for their support.
       our colleagues and friends on  the  islands  of  the   John Adams
       Bahamas were severely affected. On behalf of the       Chairman
       Board and the BSA, I would  like  to extend  our
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