the 2016 overview
TRANSCRIPT
Managers A. Bilbrough & Co. Ltd.
Overview 2016
The London P&I Club is committed to providing the best possible service to its Members. Providing high calibre, responsive support is fundamental to the way we work. We are part of the International Group of P&I Clubs, where we play a key role in coordinating and promoting the collective strength of the P&I industry on behalf of the global ship-owning community.
CanadaUSA
Uruguay
ChinaHong KongSouth Korea
Indonesia MalaysiaPhilippinesSingaporeThailandVietnam
Cyprus GreeceIsraelTurkeyUnited Arab Emirates
IndiaBangladesh
THE LONDON P&I CLUB
INTERNATIONAL MEMBERSHIP
GermanyItalyMonacoThe Netherlands SwitzerlandUK
RussiaUkraine
The 2014 built, 35,800 gt bulk carrier, Star Mistral, is entered in the London P&I Club by Primerose Shipping Co Ltd.
The London P&I Club at a glance
Underwriting Spotlight
• Free reserves of US$160.7m
• Total entered tonnage of approximately 52m gt
• Age profile – the average age of ships in the London P&I Club’s owners’ entry is less than 10 years
• The London P&I Club has a range of ship types and sizes in its Membership. Average ship size is 41,500 gt
• Charterers’ cover – the London P&I Club offers flexible, comprehensive CSL insurance
• Tailored P&I scheme for ships up to 7,500 gt
• FD&D cover – the London P&I Club’s legal team provides strong FD&D support for Members
• War Risks cover – the London P&I Club offers cover for hull and machinery losses and P&I liabilities caused by acts of war and terrorism
Quality team
• First-class service is delivered by the London P&I Club’s ISO 9001:2008 accredited Managers, Bilbrough. Members’ interests are protected by a specialised team including experienced lawyers, ex-mariners and insurance professionals.
• Loss prevention – the London P&I Club’s regular StopLoss and LP Focus publications and Alerts system are supplemented by a programme of tailored Members’ seminars.
• The London P&I Club has offices in London, Hong Kong and Piraeus – and a global network of correspondents, lawyers and surveyors, ensuring our provision of a high calibre 24-hour service to our Members, wherever they are based.
DEVELOPMENT OF COMBINED ENTERED TONNAGE
Tonn
age
(in ‘0
00s)
5,000
0
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
55,000
60,000
15% Northern Europe
48% Southern Europe
34% Asia Pacific
BY REGIONAL SPREAD OF MEMBERS
11% 20 years and over
3% Americas
31% 10-19 years
58%0-9 years
BY SHIP AGE
2007/08
38,051
2009/10
43,126
2011/12
44,613
2013/14
46,016
2015/16
52,129
2% General Cargo
57% Bulk Carrier
16% Containers
3% Gas Carriers
BY SHIP TYPE
22% Tankers
Average ship size 41,500 gt
OWNED TONNAGE PROFILE 2016/17
www.londonpandi.com
Managers A. Bilbrough & Co. Ltd.
London50 Leman StreetLondon E1 8HQTelephone: +44 20 7772 8000Facsimile: +44 20 7772 8200Email: [email protected]
GreeceIonion BuildingAkti Miaouli & 2 II Merarchias Street185 35 Piraeus Telephone: +30 210 458 6600Facsimile: +30 210 458 6601Email: [email protected]
Hong KongRoom 1802 Guardian House32 Oi Kwan RoadHong KongTelephone: +852 37615678Facsimile: +852 28382001 & 28381278Email: [email protected]
The London P&I Club Committee. May 2016
Chairman * ** J. M. Lyras
Lyras Maritime Ltd., London
Vice-Chairmen * P. J. Goulandris
Triandros Corporation, Nassau
* ** R. A. Ho Fairmont Management Ltd., Hong Kong
Chen Xin Chuan Cosco (HK) Shipping Co. Ltd., Hong Kong
** P. J. Cowling Wallem Ltd., London
¤ S. J. Fafalios Fafalios Ltd., London
J. Dragnis Goldenport Shipmanagement Ltd.,
* J. L. Harbor Surrey, UK
* M. Hempel Norddeutsche Reederei H. Schuldt GmbH & Co. KG, Hamburg
Huang Xiaowen China Shipping (Group) Company
* V. J. Laliotis J. Laliotis Maritime Group, Athens
** M. C. Lemos C.M. Lemos & Co. Ltd., London
‡ ** A. Lion Eastern Pacific Shipping Pte. Ltd., Singapore
J. L. Marshall Berge Bulk (Singapore) Pte. Ltd., Singapore
D. Ofer Zodiac Maritime Agencies Ltd., London
V. Papageorgiou Tsakos Group, Athens
* J. J. Raggio Sealift LLC., New York
N. Savvas Cosmoship Management S.A., Piraeus
G. Serena SAM International Andromeda Shipping, Monaco
B. Todsen PASSAT Star Schiffahrtsges mbH, Hamburg
N. Veniamis Golden Union Shipping Co. S.A., Piraeus
* S. N. Zoullas Zenith Shipping US LLC, New York
Finance and Audit Committee ‡ Chairman * Member
Class 7 Committee ¤ Chairman ** Member