Seminar, Kuala Lumpur, 12 June 2012
Malaysian shipowners, brokers and other maritime service providers will have the opportunity to discuss P&I issues and solutions at a seminar inKuala Lumpuron Tuesday, June 12, presented by the American P&I Club in conjunction with the Malaysia Shipowners’ Association (MASA).
In addition to introducing the club and the (fixed-premium) Eagle Ocean Marine facility for smaller ships up to about 10, 000 gross tons, underwritten by the American Club, the seminar will address the current state of P&I insurance, both mutual and fixed premium, as well as other topics. Part of the half-day event will examine the issues and challenges faced by Malaysian shipowners who trade toChina. The American Club has special expertise in this area as it was the first mutual in the International Group to open an office inShanghai(in 2007).
Joe Hughes, chairman and ceo of Shipowners Claims Bureau Inc., managers of the American Club andEagleOcean, said today: “Putting our footprint inMalaysiareflects the importance of its national market in the context of our burgeoning Asian membership in general. Indeed, that now amounts to some 40% of our total entered tonnage, within which south and southeast Asian owners are a growing constituency.
“At a time when the world shipping industry is struggling with arguably the toughest trading conditions ever known, the matter of liability insurance is all-important, and in Kuala Lumpur we will be able to show how P&I protection fits into the insurance matrix.”
As this event has been made possible with the support from MASA, Madame Badariah Othman, who is the association’s advisor for insurance and legal/regulatory matters, will be present to welcome delegates to the Renaissance Hotel on June 12. In addition to Joe Hughes, the club speakers will include Ian Farr (London), Raymond Sun (Shanghai) and Chris Hall (New York).
NOTE; The American Club was founded in February 1917. In addition to its US headquarters in New York, the club is able to provide local service across all time zones, communicating in 11 languages, with subsidiary offices in London, Piraeus and Shanghai and a worldwide network of correspondents.