22nd International P&I Conference

The Covid-19 pandemic has created challenges and caused business disruptions globally for the last two and a half years.

At present, the pandemic seems to have ended, at least for the moment and life is returning to normal.

The 12 Pool Clubs participating in alphabetical order are :

The American Club, Britannia Steam Ship Insurance Association Limited, Gard AS, The London P&I Club, The North of England P&I Association Limited, The Shipowners’ Club (SOP), Skuld, The Standard Club, Steamship Insurance Management Services Limited, The Swedish Club, UK Club, West of England Insurance Services S.A.

Attendance fee remains at 85 Euro per person, including lunch.

In view of the great anticipated turnout and limited number of seats, we strongly recommend that attendance be confirmed soonest to Ms. Vasso Sella of the Piraeus Marine Club, Tel :210 4293606 as strict priority will be observed.

PROGRAM

Event to be hosted on the 7th floor in the “Miltiadis A. Marinakis” Hall

10:00 Registration – Coffee

11:00 Opening Address :

Mr. George Alexandratos – General Manager of Apollonia Lines S.A – Chairman of the BoD of the PMC

Ms. Maria Prevezanou – Director of Evmar Marine Services Ltd. – Treasurer of the BoD of the PMC / Organiser of the Conference

Introduction by the Chairman of the meeting : Mr. Lou Kollakis – Honorary Chairman of Chartworld Shipping Corp.

11:15 Are further club mergers inevitable? Whose interests do they really serve? Does not the current structure and modus operandi of the International Group make inter-club mergers unnecessary and indeed undesirable? Would not further mergers have the effect of subordinating the interests of the many small to medium sized shipowners to the agenda of a mega-carrier oligopoly?

Moderator :

Mr. Dinos Caroussis Director Chios Navigation ( Hellas ) Ltd.

Speakers:

Ms. Dorothea Ioannou CEO – The American Club

Mr. Jeremy Grose Chief Executive -The Standard Club

Mr. Sean Geraghty Regional Director of Greece -Thomas Miller P&I Ltd ( UK Club)

11: 45 Floor Discussion

11:55 Given recent volatility in the capital markets, and the reliance of the clubs over recent years on investment income to subsidize often heavy underwriting losses, is it time for clubs to reassess their portfolios, particularly as to asset class selection? If so, what principles should apply?

Moderator :

Mr. Lou Kollakis Honorary Chairman – Chartworld Shipping Corp.

Speakers :

Mr. Stephen Martin Executive Chairman -Steamship Insurance Management Services

Mr. Ludvig Nyhlen Area Manager Team Piraeus -The Swedish Club

Mr. Kjell-Ake Augustsson Senior Vice President, Head of Skuld Piraeus – Skuld

12:25 Floor Discussion

12:35 Coffee Break

12: 50 Expanding sanctions regimes implemented by various countries and supranational entities over recent years have created both complexity and confusion for the shipping industry. Are the clubs doing everything they can to help, and what is the future likely to hold in this respect?

Moderator :

Mr. George D. Gourdomichalis Managing Director – Phoenix Shipping & Trading S.A

Speakers :

Mr Mike Salthouse Global Director (Claims) – North of England P&I Association Limited

Mr. Konstantinos Samaritis Divisional Director – Britannia Steam Ship Insurance Association Limited

Mr. Bart Mertens Vice President Underwriting – Gard AS

Mr, Ian Clarke Head of Claims & Regional Director (Hellas) – West of England Insurance Services SA

13: 30 Floor Discussion

13: 40 Pool claims peaked from 2018 into 2021 whilst 2022 appears to be benign. Can the current pooling system and especially Hydra and the Group’s excess of loss reinsurance address the larger pool claims and would it be wise to differentiate PCC’s in the same manner as FCC’s?

Moderator :

Mr. Vasilis Bacolitsas Director – Sea Pioneer Shipping Corporation

Speakers :

Mr. Ian Barr Director -The London P&I Club

Mr. Dimitris Batalis General Manager, Greece -The Shipowners Club (SOP)

14:00 Floor Discussion

14:10 Closing Remarks by the Chairman Mr. Lou Kollakis

14:15 Lunch : To be hosted on the 8th floor in the “Stavros A. Daifas” Hall