Transport communications

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“K” Line Provides Aid for Promotional Events in the US in support of Tohoku region, Japan

August 12, 2015 by

August 12, 2015

Kawasaki Kisen Kaisha, Ltd. (“K” Line) has announced that it has provided free ocean transportation of festival decorations that will be used at sightseeing and product promotion events in California, United States, which will be held by six prefectural capitals in Tohoku region, Japan.

These events will be held with the aim of attracting tourism from foreign countries and expanding markets for local products of Tohoku, which was seriously affected by the great east Japan earthquake in 2011,. “K” Line has decided to provide free ocean transportation for the events as part of its support for the reconstruction of the region.

The festival decorations will be used at two events being held in Los Angeles County. One is the 75th NISEI WEEK JAPANESE FESTIVAL on 15 – 16 August in Little Tokyo, and the other is the 2nd RISING TOHOKU FOOD FAIR IN L.A from 20 – 23 August in Torrance.  “K” Line hopes the success of these events will result in improved awareness and tourism for the Tohoku region and interest and demand for its local produce.

Filed Under: "K" Line

Evergreen Orders Ten 2,800 TEU Class Vessels

August 10, 2015 by
150810 Evergreen Orders Ten 2,800 TEU Class Vessels

Signing representatives and witnesses posed for a photo in the newbuilding signing ceremony, from left to right: Mr. Bronson Hsieh, Second Vice Group Chairman of Evergreen Group, Mr. Anchor Chang, Chairman of Evergreen Marine Corporation, CSBC Chairman Mr. Sun-Quae Lai, CSBC President Mr. Lie-Lin Chen

August 10, 2015 – Evergreen Group today signed an agreement with CSBC Corporation, Taiwan to build ten 2,800 TEU class B-type vessels. Witnessed by Evergreen Group’s Second Vice Group Chairman Mr. Bronson Hsieh, the contracts were signed by EMC Chairman Mr. Anchor Chang and CSBC Chairman Mr. Sun-Quae Lai. The first ship is planned to be delivered during the second half of 2017 with the completion of the series due by the first half of 2018. The vessels are planned to be deployed in the intra-Asia trade.

Mr. Bronson Hsieh said, “After the negotiations of Regional Comprehensive Economic Partnership (RCEP) are concluded, the ASEAN countries, Australia, China, India, Japan, South Korea and New Zealand are expected to remove trade barriers, enhancing bilateral trades and thereby boosting  regional cargo growth.  Our decision to invest in these newbuildings is aimed at providing for the growth potential brought about by this free trade development.”

Evergreen’s B-type vessels will be 211 meters in length, 32.8 meters wide, and have a design draft of 10 meters with a capacity of about 2,800 TEU.  The ships are designed to load 13 rows of containers on deck, which is within the span of existing gantry cranes in the major ports of intra-Asian trade.    The hull design of the vessels is wider in comparison to ships of a similar capacity. Such design enables the ships to navigate in shallower ports encountered in the intra-Asia trade and to enhance their cargo carrying capability.

In line with the stringent eco-friendly criteria that Evergreen has imposed on its own operation, the ships will be equipped with CSBC’s innovative Sea-Sword Bow (SSB) technology. This energy-saving device enables the ships to maintain optimum performance in various navigational conditions and to reduce fuel consumption by around 10% compared to traditional bow designs.

The ships are also to be equipped with an electronic-controlled fuel injection engine, which meets the IMO Tier II standards for NOx emission and can reduce the emissions by around 20%. In line with IMO’s requirements of Energy Efficiency Design Index  (EEDI), the ships can cruise at a speeds up to 21.8 knots, enhancing their on-time performance and competitiveness.

To provide shippers with superior transport service, Evergreen is committed to innovative planning and adopts the most advanced shipbuilding technologies to introduce more fuel-efficient and eco-friendly ships.  The programme will rejuvenate its operating fleet thereby enhancing the quality of service offered to customers and reinforcing the line’s competitiveness in the marketplace.

 

Filed Under: Evergreen Line

“K” Line Receives Awards for Vessel Speed Reduction Program from both the ports of Los Angeles and Long Beach

August 10, 2015 by

Kawasaki Kisen Kaisha, Ltd. (“K” Line) received awards for achievement of high compliance rate for their vessel speed reduction programs from both the ports of Los Angeles and Long Beach in 2014.

The Port Authorities have implemented the vessel speed reduction programs asking vessels to comply with the speed limit of 12 knots within the designated coastal sea area in order to reduce emissions of exhaust gas when arriving to or sailing from the ports. “K” Line is commended for their voluntary participation in both programs as a shipping company whose vessels call at both ports.  We were awarded by these programs as one of the top performers, based on our total of 170 ships, representing 323 qualifying legs within 40 nautical miles (about 74 kilometers) during 2014 in both ports.

This year, we were awarded the “Vessel Speed Reduction Program” from the Port of Los Angeles for the 7th consecutive year, and “Green Flag Program” from the Port of Long Beach the for the 10th consecutive year, both since the Programs commencement.

The “K” Line Group is making every possible effort to successfully implement its own environmental program, as well as cooperate with any other environmental preservation objectives being introduced by other parties, and will continue to actively contribute to protection of the global environment.

Filed Under: "K" Line

TT Club warns of liability issues due to Calais crisis

August 6, 2015 by

6 August 2015

As the political and humanitarian situation in Calais continues to unfold, the specialist freight transport insurer, TT Club provides a perspective on the implications for the freight and haulage industry and steps which operators can take to avoid heavy penalties from being caught carrying illegal immigrants. While focused on the current situation in Calais, the precautionary measures recommended are generally relevant.

The problem of illegal immigrants entering Western Europe has been a geopolitical issue for several years. Thus far in 2015 it is widely reported that there have been in excess of 37,000 attempts by immigrants to cross from France to England, the vast majority via Calais.

The commercial reality of the situation is highly damaging both for the local economies and the freight industry, the use of which unfortunately appears to be the preferred means of cross border movement. Substantial delays and property damage have ensued; the FTA (UK’s Freight Transport Association) estimates the cost to the industry to be £750,000 per day.

Are these costs to be augmented by operator’s liability for loss and damage to cargo? The action of breaking a cargo unit’s seal immediately brings into question the integrity of the cargo, but even minor human ingress will physically damage cargo. There have been reports of up to 30 people entering a single freight container. When cargo is intended for human consumption the result frequently is that the receiver will simply reject the entire cargo exposing the freight operator to significant claims as well as the costs of destruction and disposal. Furthermore, there are fines of £2,000 per immigrant discovered, which, subject to an appeal process, will be imposed on the driver and freight operator.

As far as cargo claims are concerned most shipments by road into the UK are subject to the Convention on the Contract for the International Carriage of Goods by Road 1965 (CMR). The Convention foresees such ‘unpreventable’ cases with the provision that protects the operator ‘in circumstances which the carrier could not avoid and the consequences of which he was unable to prevent’. However, successful defence of a claim is dependent on the circumstances and differing jurisdictional approaches.

So how can operators take preventative steps to help defend such claims and avoid fines?

It is essential not only to have a system in place but also to demonstrate that it is effective.

  • Provide written procedures and instructions to all drivers, highlighting the risks.
  • Provide robust security measures and devices to secure the vehicle, trailer and cargo.
  • Provide all drivers with a security check list
  • Provide training to all drivers on the above
  • Closely monitor all drivers to ensure compliance.
  • Regular checks of the vehicle, trailer and cargo, creating an audit trail.

The UK Border Force has published a document outlying 10 steps to avoiding a fine which can be found in several languages at:

https://www.gov.uk/government/publications/guidance-for-hauliers-on-preventing-clandestine-entrants

Applying sound practice, adequate training, use of security devices and regular checking procedures will help reduce exposures. Where an incident has occurred, however decisive early action to involve insurers and experts could result in mitigating the potential cargo claim and saving a portion of the cargo.

A fuller account of TT Club’s advice to cross-channel freight operators can be found on its website  Click here

ENDS

Notes to editors:

TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services.  As a mutual insurer, TT 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.

Customers include some of the world’s largest shipping lines, busiest ports, biggest freight forwarders and cargo handling terminals, to companies operating on a smaller scale but whose operations face similar risks. TT Club specialises in the insurance of Intermodal Operators, NVOCs, Freight Forwarders, Logistics Operators, Marine Terminals, Stevedores, Port Authorities and Ship Operators. TT Club is managed by Thomas Miller.

www.ttclub.com

Thomas Miller is an independent and international provider of insurance, professional and investment 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. Thomas Miller also manages insurance facilities for all the self-employed barristers in England & Wales, as well as trustees of pension schemes, patent agents and housing associations.

Principal activities include:

  • Management services for transport and professional indemnity insurance mutuals
  • Investment management for institutions and private clients
  • Professional services
  • Building defects insurance

www.thomasmiller.com

Filed Under: TT Club

DACHSER UK has been granted full Authorised Economic Operator (AEO) status

August 5, 2015 by

Northampton, 5th August 2015

On 21st July 2015, Dachser Ltd was granted AEO(F) status by HM Revenue & Customs (HMRC). The full certification (Type F) recognises that the company’s organisation and processes are secure, and its customs controls and procedures are efficient and compliant.

The introduction of the Authorised Economic Operator is a key element in the EU security concept which facilitates trade whilst making supply chains more secure and controlled from origin right through to final destination. AEO is also part of a world-wide initiative to secure international supply chains and benefits from mutual recognition with other countries such as the USA.

Nick Lowe, Managing Director, DACHSER UK

Nick Lowe, Managing Director, DACHSER

In order to obtain AEO(F) status, a series of stringent audits are conducted to demonstrate a company’s ability to handle customs goods competently, safely and securely. These include compliance with customs requirements, reliability, financial solvency and fulfilment of the relevant legal and safety regulations.

Authorised Economic Operators enjoy a number of privileges and the AEO certificate also leads to indirect benefits due to improvements in safety and security standards within the company.

Benefits of AEO status include:

  • greater access to customs simplifications
  • priority clearance
  • reduced administration
  • higher transparency through internal control systems: traceability of flows of goods, increased transport security, fewer delays in despatch; improved security between supply chain partners.

Nick Lowe, Dachser’s UK Managing Director, is very enthusiastic about the company’s AEO accreditation. ‘Our successful completion of the very stringent audit process by HM Revenue & Customs is a great achievement and very motivational for the whole team. For our customers, our AEO(F) status provides a clear endorsement of our credentials as secure and reliable logistics partner in respect of international trade.’

ENDS 

ABOUT DACHSER UK

DACHSER UK is part of the Dachser group, a major international logistics provider which on 31 December 2014 generated total sales worth EUR 5.3 billion. 24,988 staff working in 437 locations worldwide handled 73.7 million consignments comprising 35.4 million tonnes. Dachser is now represented in 42 countries.

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

 

Filed Under: Dachser UK

Menlo Logistics Wins National Business Success Award

August 3, 2015 by

SAN FRANCISCO and AMSTERDAM — August 3, 2015 — Menlo Logistics (Menlo), the global logistics and supply chain management unit of Con-way Inc. (NYSE: CNW), has won the 2015 National Business Success Award for Logistics, presented by the Dutch Nationale Business Succes Award Instituut in Rotterdam.

This accolade is part of the largest annual business awards in the Netherlands, which are also the only awards with their own weekly television program featuring the winners. An award nomination designates a company as one attaining the highest professional standards, and an award winner is distinguished even further in terms of business success.

Menlo secured this year’s award in the Logistics Service Providers category, with the nomination committee commenting, “We see Menlo Logistics as a stable, progressive company that is expected to achieve many more successes in its market sector in the future.”

Menlo impressed the judging committee with the breadth of its services, including storage/warehousing, value-added logistics services, transport management, product logistics, 4PL and supply chain engineering. In particular, the company excelled in its innovative approach to continuous improvement. This stems from the embracing and adoption of the Lean philosophy that underpins Menlo’s corporate culture and that has the full commitment of all Menlo employees.

Customers benefit significantly from this inclusive, “whole value chain” approach to identifying improvements and savings. Menlo continually asks the question “Why do we do it this way?” thereby determining which act in any supply chain process fails to add value.

Many customers have benefited from Menlo’s Lean expertise, including global corporations such as New Era Cap, Physio-Control and Fox Head, as well as small to midsize manufacturers and retailers seeking to expand their market reach.

In accepting the award, Tony Gunn, managing director of Menlo in Europe, said, “We are delighted to receive this award and thank the Instituut for the honour. This award acknowledges the dedication of our staff throughout Europe. Menlo prides itself on being a proactive partner for its customers. We think and work with them to tackle the challenges presented by their dynamic and ever-changing marketplaces. We have formulated clear values ​​and carry out our activities in a way that always assumes our responsibility towards the environment and the community in which we operate.”

ENDS

About Menlo Logistics Europe

In Europe, Menlo Logistics maintains 20 dedicated or multi-client Logistics Centres and Transportation Control Towers located in the Netherlands, Belgium, the Czech Republic, Finland, Germany, Ireland, Hungary and the United Kingdom. This warehouse and transportation network can serve as a pan-European distribution solution, using one or several facilities.

4PL supply chain and transport management solutions, as well as 3PL warehousing, VAS and distribution services, are offered to a variety of vertical industry sectors, including retail and consumer, e-fulfillment, health care, e-returns, manufacturing support, data centre logistics, spare parts and aftermarket supply, and high-tech logistics. The European headquarters is at the multi-client Amsterdam Distribution Centre in the Netherlands. www.menlologistics.com/europe

Follow Menlo on Twitter: http://twitter.com/MenloLogistics.

Menlo Logistics images are available at www.conway.com/en/about_con_way/newsroom.

About Menlo Logistics

Menlo Logistics, LLC, is a US$1.7 billion global provider of logistics, transportation management and supply chain services with operations in five continents, including North America. As a third-party logistics provider, San Francisco, California-based Menlo Logistics’ services range from dedicated contract logistics to warehouse and distribution management, transportation management, supply chain reengineering and other value-added services, including packaging, kitting, order fulfillment and light assembly, through a strategic network of multi-client and dedicated facilities.

With nearly 20 million square feet of dedicated warehouse space in North America, the Asia Pacific, Europe and Latin America and industry-leading technologies, Menlo Logistics creates effective, integrated solutions for the transportation and distribution needs of leading businesses around the world. Menlo Logistics, LLC, is a subsidiary of Con-way Inc. (NYSE: CNW), a US$5.8 billion diversified freight transportation and logistics company.

Filed Under: Menlo Logistics

“K” Line and Chandris enter into Time Charter contracts with BP for two LNG Carriers

July 29, 2015 by

July 29, 2015

The joint-venture consortium of “K” Line LNG Shipping (UK) Limited (“K” Line) and Chandris Hellas Inc. (Chandris) is pleased to announce that it has entered into long-term Time Charter contracts with the BP group for two LNG Carrier newbuildings. The vessels, which will have a capacity of 173,400m3, will be constructed by Daewoo Shipbuilding & Marine Engineering Co., Ltd. in South Korea. Delivery of the vessels is scheduled for 2018. It is expected that the vessels will primarily be engaged in the transportation of LNG from the Freeport LNG project in Texas, USA.

150729 K Line LNG Carrier

LNG Carrier owned and managed by “K” Line

Both “K” Line and Chandris are pleased to further develop their relationship with the BP group in the energy transportation sector and also to display its contribution to meet the increasing global demand for LNG transportation services. “K” Line will undertake ship management of the two vessels.

Filed Under: "K" Line

TT Club’s Support for FIATA Young Freight Forwarders Continues: Regional Award Winners Announced

July 28, 2015 by

London, 28 July 2015

The Young International Freight Forwarder of the Year Award, FIATA’s training and development award, is now in its seventeenth year. TT Club, the leading international freight insurer, is delighted to maintain its sponsorship, having been involved since inception.

TT Club believes the annual award and the associated entry process is valuable in identifying, recognising and encouraging young talent throughout the freight forwarding community around the world. Entrants are required to submit papers that provide analysis and solutions for complex import and export movements appropriate to the country in which they are based. Entry is open to any individual under the age of 32 working for one of the estimated 40,000 freight forwarder members of the national associations.

The four regional finalists, selected this year from the entries representing national forwarding associations are:

Region: Africa/Middle East    Mrs Daniella Smal, Zambia

Region: Americas                    Mr Kaya Karakaya, Canada

Region: Asia/Pacific                Mr Madi Kassebekov, Kazakhstan

Region: Europe                       Mrs Jennifer Taylor, England

The entries this year were of a particularly high standard and displayed a wide range of dissertation topics. The work of the entrants admirably demonstrated the complexity of processes carried out within the global supply chain and the logistics skills required to serve it. The diverse subjects covered by the dissertations of this year’s entrants included the transport of Liquid Argon, Copper Cathodes, High Fashion Garments and Air Separation Plant.

The regional finalists will travel to this year’s FIATA’s World Conference in Taipei, Taiwan (8th-13th September) in order to present their dissertations to the judging panel, from which the International Award winner will be selected and presented with the award during the conference.

The award principally consists of practical and academic training, including a week based at one of TT Club’s regional centres in London, Hong Kong or New Jersey plus a week in TT

Club’s Head Office in London. Additionally, one year’s subscription to the International Transport Journal (ITZ), Switzerland is granted to all four regional winners.

TT Club’s Mike Yarwood, acting as Chairman of the Award Steering Committee, commented, “This award aims to contribute to the development of quality professionals in the freight forwarding industry and rewards young talent with valuable training. At TT Club, we are proud to have been a sponsor of the award since its launch and firmly believe in the importance of nurturing the talents and enhancing the skills of young individuals in freight forwarding.”

ENDS
Notes to editors:

TT Club is the international transport and logistics industry’s leading provider of insurance and related risk management services.  As a mutual insurer, TT 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.

Customers include some of the world’s largest shipping lines, busiest ports, biggest freight forwarders and cargo handling terminals, to companies operating on a smaller scale but whose operations face similar risks. TT Club specialises in the insurance of Intermodal Operators, NVOCs, Freight Forwarders, Logistics Operators, Marine Terminals, Stevedores, Port Authorities and Ship Operators. TT Club is managed by Thomas Miller.

www.ttclub.com

Thomas Miller is an independent and international provider of insurance, professional and investment 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. Thomas Miller also manages insurance facilities for all the self-employed barristers in England & Wales, as well as trustees of pension schemes, patent agents and housing associations.

Principal activities include:

  • Management services for transport and professional indemnity insurance mutuals
  • Investment management for institutions and private clients
  • Professional services
  • Building defects insurance

www.thomasmiller.com

Filed Under: TT Club

Menlo Expands Freight Brokerage Service into Eastern Europe

July 20, 2015 by

With the opening of a Prague office dedicated to its European Freight Brokerage Service, Menlo Logistics is expanding its reach into Eastern Europe.

Amsterdam, 20 July 2015

Menlo Freight Brokerage was fully established in Europe in 2013, operating initially from the company’s European headquarters office in Amsterdam. With growth in customer demand, Menlo recently expanded its brokerage operations, opening a second office in Prague. The new office extends the reach of Menlo’s freight brokerage services to the Czech Republic, Slovakia, Poland, Hungary, Austria, Romania and Russia in coordination with current operations in Amsterdam.

Menlo Freight Brokerage is a transportation service which extends the 3PL warehousing and supply chain management services portfolio of Menlo Logistics in Europe. This dedicated freight brokerage operation provides cost-effective multimodal transportation booking and management solutions supporting the freight transport needs of commercial and industrial businesses throughout Europe

Koert Bloemers, Menlo’s General Manager Transportation Europe emphasized the significance of the Prague move, “The key aims of the new office are to broaden our footprint through new business relationships in Eastern Europe and extending the high quality services already established in Amsterdam.”

With its expanding freight brokerage capabilities, Menlo is now able to offer a wide-ranging service from arranging transportation for single shipments to total transportation management solutions. This is supported with a strong, widespread carrier and procurement network, coupled with a team of transportation specialists who consistently deliver innovative solutions for customers

Menlo’s Managing Director, Tony Gunn also commented, “In establishing Menlo Freight Brokerage in Europe we have adopted best practices from our North American colleagues, where it is branded Con-way Multimodal, and combined those with our Lean tools and a team of European transport specialists to create a unique service offering for European shippers. The concept is different from the historically well-known in Europe, freight forwarding, or expedition model. Brokerage has a greater higher flexibility and operates with a wider supplier portfolio, creating better purchasing power and worldwide coverage.”

For more information about Menlo’s expanded transportation brokerage services in Eastern Europe, contact our Prague office at +420 702 281 336

Or by email to Vasicek.Martin@menloworldwide.com

ENDS

About Menlo Logistics Europe

In Europe, Menlo Logistics maintains twenty dedicated or Multi-Client Logistics Centers and Transportation Control Towers located in the Netherlands, Belgium, Czech Republic, Finland, Germany, Ireland, Hungary and the United Kingdom. This Warehouse and Transportation network can serve as pan-European distribution solution using one or several facilities.

4PL Supply Chain and Transport Management Solutions as well as 3PL Warehousing, VAS  and Distribution services are offered to a variety of vertical industry sectors including Retail & Consumer, e-Fulfilment, Healthcare, e-Returns, Manufacturing Support, Data Center Logistics; Spare Parts and Aftermarket Supply and High Tech Logistics. The European headquarters is at the multi-client Amsterdam Distribution Centre in the Netherlands. www.menlologistics.com/europe

Follow Menlo on Twitter: http://twitter.com/MenloLogistics

Menlo Logistics images are available at  www.conway.com/en/about_con_way/newsroom.

About Menlo Logistics

Menlo Logistics, LLC, is a US$1.5 billion global provider of logistics, transportation management and supply chain services with operations in five continents, including North America. As a third-party logistics provider, San Francisco, California-based Menlo Logistics’ services range from dedicated contract logistics to warehouse and distribution management, transportation management, supply chain reengineering and other value-added services including packaging, kitting, order fulfilment and light assembly through a strategic network of multi-client and dedicated facilities.

With nearly 20 million square feet of dedicated warehouse space in North America, the Asia Pacific, Europe and Latin America, and industry-leading technologies, Menlo Logistics creates effective, integrated solutions for the transportation and distribution needs of leading businesses around the world. Menlo Logistics, LLC, is a subsidiary of Con-way Inc. (NYSE: CNW), a $5.5 billion diversified freight transportation and logistics company.

Filed Under: Menlo Logistics

Eagle Ocean Marine continues to grow market share

July 20, 2015 by

Robust development of recent years supported by strong operating results: Mutual club pedigree enhances Insurer’s stature in fixed premium sector

The American Club

Joe Hughes, Chairman and CEO of Eagle Ocean Agencies, Inc.

NEW YORK, JULY 20, 2015: Eagle Ocean Marine (EOM) – the specialist fixed premium P&I and FD&D (Freight, Demurrage and Defense) facility underwritten by the American Club – has reported a solid fourth year of operations, and a strong start to its fifth year of activity, following the successful renewal of its quota-share and excess of loss reinsurances with Lloyd’s underwriters as of July 1, 2015.

Over the past year, tonnage insured by Eagle Ocean Marine grew by nearly 20% over the figure for the previous twelve months, on a premium income of over $6 million. In addition, steadily rising levels of inquiries and orders indicate a promising outlook for EOM’s future development, despite strong competition in the sector.

At the operating level, EOM has continued to perform very well. Both the incidence and severity of claims has remained low, reflecting a prudent policy of risk selection and premium pricing. Results to date indicate a cumulative combined ratio of below 70%, connoting strong profitability for the Club and its reinsurers. This, together with confidence in EOM’s prospects generally, informed the recent renewal of the facility’s reinsurances which were completed on positive terms.

EOM supplies P&I and FD&D cover for the operators of smaller ships in local and regional trades. Providing P&I cover of up to $500 million per risk, it is aimed at owners who do not require, owing to the characteristics of their trade, the high limits of cover provided by the mutual system, and who prefer a fixed premium approach to their insurance needs.

EOM insures ships from all over the world except the United States. More than 70% of its business is derived from Asia, with the remainder originating for the most part from Europe, Latin America and Africa. The facility’s tonnage by vessel type is broadly based, made up of tankers, general cargo vessels, bulk carriers and tug and barge business in approximately equal shares.

Speaking in New York recently, Joe Hughes, Chairman and CEO of Eagle Ocean Agencies, Inc. which operates the facility, was upbeat:

“We are very pleased that Eagle Ocean Marine continues to do well. Its recent years’ results have been excellent: premium income, market share and operating results all continue to exhibit a positive trajectory, and augur well for the future. The recent increase in the limit of cover available under the facility to $500 million will continue to make it an attractive option to those who prefer a fixed premium solution to their P&I needs. We are determined to make EOM a growing success for all its stakeholders: its insureds, the Club, its reinsurers and its many other business associates.

“We continue to take the long view when it comes to developing market share. The EOM business model is based on careful risk selection, sensible pricing, effective loss prevention and unsurpassed claims service. It is inspired by the traditions of classic P&I mutuality. EOM seeks to occupy a special place in the fixed premium sector for those who desire a gold standard of service. We are confident that EOM will enjoy increasing success over the years ahead,” Hughes added.

Notes to Editor 

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. (SCB) also headquartered in New York. Eagle Ocean Agencies, Inc. an affiliate of SCB, manages the Eagle Ocean Marine (EOM) fixed premium brand of the Club’s business.

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 Dalian, 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.

FD&D Insurance

Freight, Demurrage & Defense insurance, often referred to as “FD&D” or simply “Defense,” provides members with cover for claims handling assistance and for legal costs in relation to a wide range of disputes. Such disputes are outside the scope of P&I or H&M (Hull and Machinery) insurance and arise from the building, buying, selling, owning or operation of a vessel.

Filed Under: The American Club
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