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GEODIS opens new Logistics Facility in Northern France

JUNE 20, 2019

Levallois-Perret

GEODIS, a leading global supply chain operator, opens its new logistics campus in Douvrin, Hauts de France. A team of 300 GEODIS employees will be mobilized to primarily serve retail and textile customers, in this new 48,000 sqm site.

At this new multi-user installation, GEODIS provides its partners with comprehensive solutions and services for the reception and storage of goods, order preparation and flow management. Quality control services based on customer needs, such as the quality control of supplier components or customization and gift packaging for e-commerce customers are also offered.

“This new campus is part of the modernization of our warehousing infrastructure. It strengthens our position in Northern France and reinforces our position as a leading logistics provider of choice for retail and e-commerce activities,” says Frédéric Pasqual, GEODIS Executive Vice President, Contract Logistics France.

The site is located near the relevant regional distribution hubs and is equipped with new state-of-the art technology such as corrugators, pick-to-light equipment, automated conveyors, and others. More than €3 M has been invested in equipping this campus which is classified as lower-tier according to the EU’s Seveso Directive, allowing GEODIS to manage seasonality and specificities of regulated products. More than three million e-commerce orders will be handled yearly.

ENDS

GEODIS – www.geodis.com

GEODIS is a top-rated, global supply chain operator recognized for its passion and commitment to helping clients overcome their logistical constraints. GEODIS’ growth-focused offerings (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport) coupled with the company’s truly global reach thanks to a direct presence in 67 countries, and a global network spanning 120 countries, translates in top business rankings, #1 in France, #4 in Europe and #7 worldwide. In 2018, GEODIS accounted for over 41,000 employees globally and generated €8.2 billion in sales.

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Continued Growth Prompts Investment for Dachser UK

18th June, 2019:

2018 was a progressive year for Dachser UK with the appointment of a new UK Managing Director, Mark Rollinson, combined with the expansion of its operations and the opening of a second logistics centre in Northampton.  This confidence was based on a strong financial performance with UK sales turnover increasing by 9% to £84.1 million.  This is the result of increased export business and healthy growth in contract logistics services, the latter seeing a number of new customer contracts secured.

Investment for the future remains the theme this year as construction of a new 5,175 square metre logistics centre in Rochdale remains on track to open in September.  The development of the 3.7 hectare (9.2 acre) site represents a EUR 16 million (GBP 14.4 million) investment by the company.

Commenting on the company’s progression during 2018 and recent months, MD Mark Rollinson said, “Our significant investment is proof of Dachser’s commitment to the UK market and our optimistic view on the future import and export trade with the rest of Europe, which is evidenced by our strong growth figures last year. We will continue to leverage our pan-European road freight services and given the continued uncertainties surrounding Brexit, we will remain agile and responsive to our customers’ needs in light of possible changes to their European supply chains.”

The new Rochdale Logistics Centre will be connected to Dachser’s comprehensive branch network through daily direct freight services, providing extensive domestic and European distribution and warehousing services. In addition, Dachser’s established ‘Interlocking’ programme ensures further development of air freight, sea freight and international supply chain management services.

Bolstering the expansion of Dachser’s operations in the North of the country is the appointment of a new Sales Manager for the region, Marion Simpson. Since joining Dachser in a business development role in 2013, Marion has contributed significantly to the success and growth of the Rochdale branch.  Marion will also continue in her role as a Chem-Logistics specialist, Dachser’s network-wide corporate solution servicing the chemical industry.

Explaining the potential of her new role in facilitating customer access to these services, Marion Simpson commented, “With a new facility on the horizon and an exceptionally dedicated andenthusiastic team, I am very excited about the future of Dachser in the UK.  Dachser’s global supply chain management and strong reputation for professionalism, reliability and high quality service will support importers and exporters in the region to maintain their economic growth.”

ENDS

ABOUT DACHSER UK

Dachser UK is part of the Dachser group, a major international logistics provider which on 31 December 2018 generated total sales worth EUR 5.6 billion. 30,609 staff working in 399 locations worldwide handled 83.7 million consignments comprising 41.3 million metric tonnes. Dachser has been established in the UK since 1975, and now has four locations which include a new logistics centre in Northampton as well as branch offices in Rochdale, Dartford and Bristol.

Dachser aims to be the supplier of choice for European logistics and value-added services. A fully-integrated European distribution network provides a comprehensive, high quality service of total freight solutions supported by the latest technology. Core services in the United Kingdom comprise European export, import and UK pallet distribution, as well as contract logistics, value added services and international sea and air freight forwarding. 

For more information, please visit   www.dachser.co.uk

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Global Cargo Theft Intelligence Report for 2018 Issued

TT Club and BSI have issued the second edition of their report on global cargo theft, the first to cover a full year.  Highlighted findings include: theft from road vehicles once more accounts for the highest proportion at 84%; Slash and Grab the largest type of cargo theft at 26% globally but with significant regional variations; the combination of food, beverage, alcohol and tobacco making up the most common commodity group at 34% and South America topping the regional analysis of median value for each theft at $77,000

Leading international transport and logistics insurer, TT Club and global provider of supply chain intelligence, BSI produced their first regular Semi-Annual Global Cargo Theft Intelligence and Advisory Report late last year but this second edition is the first to cover a complete twelve-month (2018) period.

TT Club’s Mike Yarwood, explains the rationale behind the initiative, “Our report brings together threat and intelligence data from BSI’s supply chain security country risk intelligence tool, SCREEN and TT Club’s insurance risk management and loss prevention insights. It demonstrates the shared goal we possess of educating supply chain professionals in the threat of cargo theft across the globe. We aim to engage in a proactive approach in preventing cargo crime and also minimising the financial loss resulting from cargo crime.”

The report, which is available as a free download https://www.ttclub.com/loss-prevention/publications/tt-club-bsi-cargo-theft-report-2018/ analyses cargo theft by modality, theft type (modus operandi), commodities targeted and the value of losses across the major regions of the world.  Please refer to the Infographic attached.

While the research found a consistency across the regions in terms of the most common modality involved (road transport) and in the commodities targeted, there was some variation in the median value of the cargo affected.  This ranged from just under $19,000 in Asia, to around $60,000 in both Europe and North America to a high of $77,000 in South America.

The methods used in the majority of cases, however varied significantly across the regions.  The global aggregation resulted in Slash and Grab at 26% topping the list, with Theft from Vehicle (19%) and Hijacking (17%) making up second and third spot.  In North and South America Hijacking was the most common method at 37% and 52% respectively.  In Asia methodology was quite different with Theft from a Facility being the most common, at 43% compared with just 19% from Hijacking.

The report includes several pieces of loss prevention advice to counter the identified threats. The risk mitigation advisory sections have been co-authored by BSI’s Advisory Supply Chain Security team and the TT Club’s claims and loss prevention team.

Yarwood goes on to say “In particular we would wish to emphasise The Insider Threat.  As security measures become more sophisticated and widespread in practice, criminal organisations are increasingly recruiting employees of targeted companies to gain data, cargo information, delivery routes and destinations and access to IT systems. Due diligence in recruiting and managing staff is paramount. In general full or part-time salaried staff are less of a security risk than sub-contractors.

ENDS

About TT Club

TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services. Established in 1968, the Club’s membership comprises ship operators, ports and terminals, road, rail and airfreight operators, logistics companies and container lessors. As a mutual insurer, the Club exists to provide its policyholders with benefits, which include specialist underwriting expertise, a world-wide office network providing claims management services, and first class risk management and loss prevention advice.

TT Club is managed by Thomas Miller.

www.ttclub.com

About BSI

BSI is the business improvement company that enables organizations to turn standards of best practice into habits of excellence. For over a century BSI has championed what good looks like and driven best practice in organizations around the world. Working with over 86,000 clients across 193 countries, it is a truly international business with skills and experience across a number of sectors including automotive, aerospace, built environment, food, and healthcare. Through its expertise in Standards Development and Knowledge Solutions, Assurance and Professional Services, BSI improves business performance to help clients grow sustainably, manage risk and ultimately be more resilient.

To learn more, please visit: www.bsigroup.com

About BSI Supply Chain Services and Solutions
BSI Supply Chain Services and Solutions is the leading global provider of supply chain intelligence, auditing services, audit compliance and risk management software solutions, and advisory services. Our mission is to help corporations, governments and associations identify, manage and mitigate global supply chain risks and maintain world class governance risk and compliance programs.  Our holistic supply chain risk management suite is designed to predict and visualize risk, and develop robust risk mitigation and compliance management programs to protect your supply chain, brand and reputation. Our intelligence-infused supply chain solutions and global network empower our clients to understand global supply chain risk with unequaled precision.

To learn more, please visit www.bsi-supplychain.com

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Phillip Brown joins SAL Heavy Lift in USA

Houston, 17 June 2019

It is with pleasure that SAL Heavy Lift GmbH and their American subsidiary SAL Heavy Lift Inc. announce the appointment of Mr. Phillip Brown as Vice President – Projects, to the Houston based sales team.  Commencing 1st July 2019 Phillip with his extensive knowledge of the U.S. project transport segment will add considerable strength to SAL’s chartering and marketing activities.

Formerly Global Chartering Manager at Global EPC, Fluor Corp., and with a BSc. in Maritime Administration, Phillip is uniquely experienced in understanding the demands of the EPC community.  This experience will significantly contribute to SAL’s relentless pursuit of providing industry leading client focused service.   

Anders Hyrup, President SAL Heavy Lift Inc. states: “Phillip will be a great asset to our team – his skillset suits our company and the services we market very well. It was clear from our first talk with Phillip that his approach to shipping logistics and value-based service mind-set fits our team perfectly. I know we will benefit tremendously for having Phillip on-board and I am excited to see him joining the team in a few weeks.”

ENDS

About SAL Heavy Lift

SAL Heavy Lift, a member of the Harren & Partner Group, is one of the world’s leading carriers specialized in sea transport of heavy lift and project cargo. The company was founded in 1980 as “Schiffahrtskontor Altes Land GmbH & Co. KG” and belongs to Harren & Partner Group since 2017. The modern fleet of heavy lift vessels offers highly flexible options to customers. The vessels of SAL Heavy Lift boast an impressive travel speed of 20 knots, up to 3500 square metres of unobstructed main deck space and combined crane capacities ranging from 550 to 2000 tons: amongst the world’s highest lifting capacity in the heavy lift sector. As a leading global company in the heavy lift and project cargo segment, the company meets the highest standards with regard to quality, technical innovation and health, safety and environment.

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“K” Line Receives Recognition for Vessel Speed Reduction Programs in the West Coast of North America

Kawasaki Kisen Kaisha, Ltd. (“K” Line) is pleased to announce that National Ocean and Atmosphere Administration (NOAA) has honored “K” Line with a gold award for the company’s participation with the high level of compliance rate during 2018 voluntary Vessel Speed Reduction (VSR) Incentive program.

The program aims to protect whales in Santa Barbara Channel and San Francisco Bay Area, and calls for vessels’ speed reduction sailing these waters.

We have been participating in this program since last year and have been highly evaluated for the eco-friendly slow steaming of our car carrier vessels in the waters between July and November last year.

In addition, at the Port of Long Beach, we have been commended for the program called ”Green Flag Program” by the port authority for fourteen consecutive years since 2005, which is asking vessels to reduce its speed within 40 nautical miles (about 74 kilometers) from the port in order to prevent air pollution. In 2018, we achieved a high compliance rate of over 90% for vessels’ slow steaming.

“K” Line Group continues its focus on contributing to environmental and biodiversity conservation through its active participation in environmental initiatives taken by port authorities around the world in order to fulfill our mission to hand down a sustainable society as well as this blue and beautiful ocean to the next generation under “K” Line Environmental Vision 2050.

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SAL Heavy Lift fly high with new crane extension – the Fly-Jib

Hamburg, 11 June 2019

“The sky is the limit” – SAL Heavy Lift is ready to reach further and lift higher with its latest acquisition – a highly configurable crane boom extension that with its modular design offer clients unrivalled lifting height and applicability. The so-called Fly-Jib is designed for the cranes of SAL’s Type 183 vessels (MV Lone & MV Svenja) and can be installed to each of their main cranes’ booms. MV Lone is the first vessel in the SAL fleet to proudly carry this exciting new piece of equipment.

Sheer excitement was present when SAL witnessed its latest and greatest tool in-vestment – the Fly-Jib – being mounted on to the aft crane of its mighty heavy lift vessel MV Lone. The new Fly-Jib which makes the crane hook towering some 70m high up in the air is a significant step forward for SAL in its heavy lift offering to clients in both offshore renewables and oil & gas markets.

With the much greater lifting height and further outreach, SAL’s new Fly-Jib can meet clients demands when units become ever bigger and where one faces requirements to lift long components vertically – e.g. with offshore wind equipment. A challenge SAL faces just now with an offshore piling project.

Sune Thorleifsson, Head of Marine Projects, SAL states; “Our Fly-Jib has long been on our wish list, but when a client recently approached us with the requirement to support on driving piles into the seabed for an offshore wind project, and the piles be-ing so long that it was otherwise not possible to up-end them for installation, we saw the opportunity to realise this long term dream”. 

SAL Heavy Lift’s sister company SAL Engineering has worked intensively with crane maker TTS-NMF to design and develop a Fly-Jib that can suit a wide array of scopes, hence a dismountable and modular design was conceived.

Karsten Behrens, Director, SAL Engineering explains; We worked for a long time on various designs together with TTS-NMF – the manufacturer of the cranes on our Type 183 vessels. It was essential that in addition to strong lifting capabilities, that it could be configurable in various modes hence adding to its applicability in various working scopes. Therefore, the Fly-Jib can be configured in a long (23m) or a short (13m) set-up and is adjustable in three different angles. It is designed to be interchangeable be-tween our Type 183 vessels and can, with modifications to the existing jib, be in-stalled on each of the cranes”.

The Fly-Jib is designed to withstand the forces occurring during a sea voyage and can be installed using only the vessels existing cranes.

Sebastian Westphal, Corporate Director – Ship Management & Engineering adds; “It has been a significant achievement from the entire team behind, from design to manufacturing and then later to installation during a project’s vessel mobilization. It is great to see now that the concept works so well in reality and that the installation procedure of mounting the Fly-Jib onto the existing crane boom proceeded quickly and with no compromise on quality – it is no small thing that you attach. The lifting capabilities the vessel gains with it are tremendous. It will be used many times in the months to come during an offshore wind project and certainly in a number of projects thereafter.”

For work with offshore wind equipment or within oil & gas, SAL can with their new Fly-Jib support a wide array of assignments.  Now equipped on the DPII vessel MV Lone with her two 1000 t SWL cranes, large open deck, a cavernous cargo hold, SPS certification and an unrivalled speed of up to 20kts proves as a powerful and very versatile package to meet the demands of some of the most extreme challenges in the industry today. 

End

About SAL Heavy Lift

SAL Heavy Lift, a member of the Harren & Partner Group, is one of the world’s leading carriers specialized in sea transport of heavy lift and project cargo. The company was founded in 1980 as “Schiffahrtskontor Altes Land GmbH & Co. KG” and belongs to Harren & Partner Group since 2017. The modern fleet of heavy lift vessels offers highly flexible options to customers. The vessels of SAL Heavy Lift boast an impressive travel speed of 20 knots, up to 3500 square metres of unobstructed main deck space and combined crane capacities ranging from 550 to 2000 tons: amongst the world’s highest lifting capacity in the heavy lift sector. As a leading global company in the heavy lift and project cargo segment, the company meets the highest standards with regard to quality, technical innovation and health, safety and environment.

www.sal-heavylift.com   Press Contact:
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Leading P&I Professional recruited to Shipowners Claims Bureau (UK) Ltd to augment service capabilities of Eagle Ocean Marine

Richard Linacre, a well-known figure in the fixed premium P&I and related sectors, joins London team to undertake important market liaison role

NEW YORK, JUNE 10, 2019:  Eagle Ocean Agencies, Inc., which operates Eagle Ocean Marine (EOM), the American Club’s leading fixed premium P&I facility, has today announced that Richard Linacre, a well-known and experienced P&I professional with a broad industry background, is joining Shipowners Claims Bureau (UK) Ltd. in London.  Recruited to undertake an important market liaison role, Mr. Linacre will add further expertise and technical capabilities to EOM’s London presence in support of its activity both in the local market and more globally.

Mr. Linacre’s recruitment represents the continuing augmentation of EOM’s recently strengthened service capabilities in the London office.  His experience in the fixed premium P&I related sectors is particularly strong, as is the versatility of that experience in its application to marketing and claims liaison, business development, customer relations, loss prevention and other disciplines within the marine insurance sphere.

Speaking in New York today, Joe Hughes, Chairman and CEO of Eagle Ocean Agencies, Inc. said: 

“Richard Linacre’s addition to SCB (UK)’s team will benefit both EOM and the American Club in the development of their future business.  Everyone at EOM and the Club welcomes Richard to his new position with great enthusiasm, in the expectation that his efforts will significantly enhance our capabilities over the months and years ahead”.

ENDS

Note:

Eagle Ocean Agencies, Inc., is a member of the New York-based Eagle Ocean Group of companies – North America’s leading provider of mutual management, underwriting, adjusting, claims handling, surveying and loss consultancy services to the international shipping and insurance communities.  Eagle Ocean Agencies, Inc.’s core business is the provision of coverholder and related services to a variety of insurance carriers.

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Installation of “Seawing”, an automated kite system utilizing natural energy

~ Social contribution by reducing environmental load ~

We have decided to install the automated kite system “Seawing” * 2 developed by AIRSEAS * 1 which was spin off from AIRBUS SE, the major aircraft manufacturer, to a large bulk carrier owned by our company.

“Seawing” is mounted on the bow of the vessel and is unfolded by simple operation from the bridge under certain conditions of wind power and wind direction, and assists propulsion power of the vessel with utilize wind force effectively.

In the installation of this system, we carry out intense assessment “Seawing” performance and innovative technology for two years under the close cooperation of AIRSEAS, and confirm that this system can greatly contribute to the reduction of the environmental load associated with the ship’s operation. In a case, the bulk carrier can reduce emissions by more than 20%, about 5,200 tons of CO2 annually.
In addition, we and AIRSEAS cooperate on further improvement of their solution by utilizing the operation and performance data obtained from the ship operation and performance management system “Kawasaki Integrated Maritime Solutions”*3 installed in our fleet vessels.

We will continue to work on CSR activities for environmental friendly to achieve the target of “K” LINE Environmental Vision 2050*4 and the GHG reduction of IMO, through the studies, developments and installations various environmental improvement technologies such as “Seawing”.

*1: AIRSEAS

AIRSEAS as a spin-off of AIRBUS combines aeronautical know-how in modelling and control laws with maritime technology to bring a game changing energy efficiency solution to shipping.

*2: Seawing

Seawing combines aeronautical know-how with maritime technology to create a breakthrough in the maritime transportation sector. A simple switch launches or recovers the kite which unfolds, operates and refolds autonomously. The system collects and analyses meteorological and oceanic data in real-time. Seawing adapts to this information in order to optimize its performance as well as to ensure maximum safety.

*3: Kawasaki Integrated Maritime Solutions

 Integrated vessel operation and performance management system.

https://www.kline.co.jp/en/news/other/other3295047094663452046.html

*4: “K” LINE Environmental Vision 2050

https://www.kline.co.jp/en/csr/environment/management.html#002
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TT Club announces excellent financial results for 2018 and A.M. Best affirms A- (Excellent) rating

TT Club, the leading internationaltransport and logistics insurance provider, today announces its financial results for the year ended 31 December 2018, and A.M. Best affirms its A- (Excellent) rating

Highlights:

  • $195.0 million gross earned premiums (2017: $181.8 million)
  • $16.5 million surplus for the year (2017: $7.3 million)
  • Total assets of $619.3 million (2017: $597.6 million)
  • Total surplus and reserves $209.5 million (2017: $193.1 million)
  • 2018 financial year combined ratio of 87% (2017: 97%)
  • A.M. Best affirms financial strength rating  as  A- (Excellent)

Chairman of TT Club, Ulrich Kranich, said:

“It has been a good year for the Club, although 2018 was another difficult year for the insurance industry. The global broker Aon has assessed the 2017 and 2018 years as the costliest back to back years for insured losses. Such levels of losses have not had the expected positive impact on pricing. This, coupled with the continued availability of capital, has impacted the pricing of risk, the ability of insurers to recover their outgoings and balance their books to the required level of profitability.

“Major hurricane-related industry loss events in 2017, did not significantly impact the Club and I am pleased to say this was repeated in 2018. The Club was involved with two large events ‘Maersk Honam’ and Hurricane Michael. The gross cost of Hurricane Michael to the Club is just over US$ 5 million, which should be extremely reassuring to Members as an insight into the Club’s management of its exposures.

“In spite of the premium environment being on the whole challenging, the Club’s premium income grew in 2018. The volumes declared by Members were higher than in recent years, new business was good and retention remained high. Notably, premium growth was achieved without the addition of single large accounts and the balanced growth targeted and achieved in recent years has continued.

“The growth in the number of policyholders, reducing average premiums per policyholder, has resulted in a good level of financial stability enabling the Club to focus on providing service to Members and brokers and assisting the industry with loss prevention.

“Claims performance generally, aside from the major events, was as expected for the 2018 policy year. Claims for the prior years performed significantly better than expectations. The Board manages the Club’s finances prudently, particularly in setting claims reserves. The expectation is that claims levels overall will improve as they develop. Positive development in 2018 exceeded expectations and is the major cause of the result of this year.

“For investment markets, 2018 was a challenging year, particularly in Q4 when equity markets fell substantially. The Club was budgeting to make a return of 2%, which was up on recent years and predicated in interest rates in the US increasing. The Club returned 1.32%, which, while below budget, was a good return given the Club’s portfolio contains a portion of equities in order to maintain the right balance between risk and return.

“The Club’s surplus for the year is US$ 16 million, and the Club’s total surplus and reserves have broken through the US$ 200 million barrier and stand at US$ 209 million. As announced on 23 May, the AM Best A- rating has been maintained, which is testament to the Club’s financial performance as well as the Board’s strategic vision and prudent management.”

An official announcement from A.M. Best outlined TT Club’s rating reflected the “balance sheet strength” which “is underpinned by risk-adjusted capitalisation that is at the strongest level”, as well as “prudent reserving practices and a conservative investment strategy”. The announcement also stated TT Club “recorded a strong underwriting result” in 2018.

The TT Club’s 2018 Annual Report and Financial Highlights can be downloaded here: https://www.ttclub.com/brokers/document-store/

ENDS

Notes to Editors

About TT Club

TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services. Established in 1968, the Club’s membership comprises ship operators, ports and terminals, road, rail and airfreight operators, logistics companies and container lessors. As a mutual insurer, the Club exists to provide its policyholders with benefits, which include specialist underwriting expertise, a world-wide office network providing claims management services, and first class risk management and loss prevention advice.

TT Club is managed by Thomas Miller.

www.ttclub.com

About Thomas Miller

Thomas Miller is an international provider of market leading insurance services.

Founded in 1885, Thomas Miller’s origins are in the provision of management services to mutual organisations, particularly in the international transport and professional indemnity sectors; where today they manage a large percentage of the foremost insurance mutuals. Increasingly Thomas Miller applies its knowledge and expertise to the development of specialist businesses.

Principal activities include:

  • Management services for transport and professional indemnity insurance mutuals
  • Managing general agency
  • Professional services including legal services, claims and captive management
  • Investment management for institutions and private clients

www.thomasmiller.com

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American P&I Club Managers appoint prominent Maritime Lawyer from private practice as new Chief Legal Office in New York

Dan Tadros, admiralty partner and practice area coordinator at Chaffe McCall, LLP of New Orleans, to join Shipowners Claims Bureau, Inc. on July 1, 2019.

________________________________________________________________________

NEW YORK, NY, JUNE 6, 2019:  In a circular to Members of the American P&I Club, its Managers, Shipowners Claims Bureau, Inc. (SCB), have today announced the recruitment of Daniel A. Tadros to the position of Chief Legal Officer, being a key addition to SCB’s senior management team.

Mr. Tadros will join SCB on July 1, 2019, following his departure from his current position as admiralty partner, and marine practice area coordinator, at Chaffe McCall, LLP, a leading maritime law firm in New Orleans.

The Club’s Managers note that Mr. Tadros is a well-known figure within both the maritime community at large and the marine insurance sector in particular, having over many years served with distinction a broad international clientele from every segment of the shipping industry.

Mr. Tadros is especially well-acquainted with the work of International Group P&I clubs and brings with him a wealth of insight and expertise which will greatly enhance SCB’s capabilities in the management of the American Club, and the promotion of the interests of its Members.

Speaking in New York earlier today, Joe Hughes, Chairman and CEO of SCB, Inc. said:  “Those in the industry who have had the pleasure of knowing Dan Tadros over the years will already be familiar with those high standards of professionalism which have characterized his career as a lawyer in private practice.  Those who will come to know Dan over the years ahead in his new role will no doubt be equally impressed by the application of his expertise to the work of P&I management.  Most especially, I am sure that everyone will want to join the Club’s Managers in wishing Dan the very best of good fortune as he assumes his new duties next month.”

Notes to Editors

The Circular referred to in this press release can be found at:

https://www.american-club.com/files/files/cir_17_19.pdf

The American Club

American Steamship Owners Mutual Protection and Indemnity Association, Inc. (the American Club) was established in New York in 1917. It is the only mutual Protection and Indemnity Club domiciled in the entire Americas and its headquarters are in New York, USA.

The American Club has been successful in recent years in building on its US heritage to create a truly international insurer with a global reach second-to-none in the industry. Day to day management of the American Club is provided by Shipowners Claims Bureau, Inc. also headquartered in New York.

The Club is able to provide local service for its members across all time zones, communicating in eleven languages, and has subsidiary offices located in London, Piraeus, Hong Kong, Shanghai and Houston, plus a worldwide network of correspondents.

The Club is a member of the International Group of P&I Clubs, a collective of thirteen mutuals which together provide Protection and Indemnity insurance for some 90% of all world shipping.

For more information, please visit the Club’s website http://www.american-club.com/

P&I Insurance

Protection and Indemnity insurance (commonly referred to as “P&I”) provides cover to shipowners and charterers against third-party liabilities encountered in their commercial operations; typical exposures include damage to cargo, pollution, death/injury or illness of passengers or crew or damage to docks and other installations. Running in parallel with a ship’s hull and machinery cover, traditional P&I cover distinguishes itself from usual forms of marine insurance by being based on the not-for-profit principle of mutuality where Members of the Club are both the insurers and the assureds.

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