P&I Club Celebrates 21 Years in Germany

Wednesday, June 11, 2003
Dr Matthias Reith, director of German bulk carrier owner Orion Schiffahrtsgesellschaft Reith & Co of Hamburg, helped the North of England P&I club celebrate 21 years of working with the German shipping industry today. Speaking a major industry reception organized by the club at the Zipplehaus restaurant in Hamburg, Dr Reith said 'In 1982 Orion became the first company from Germany to join the North of England. The club now insures 36 fleets in Germany and works with 11 of the German-based brokers. We are delighted to celebrate 21 years with the club.' Dr Reith said he was particularly pleased with the way the club had developed in Germany, from its initial Hamburg-based membership to involvement with shipowners from Bremen, Leer and elsewhere in the German shipping community. There are now 280 German ships entered in the North of England, accounting for 8.5% of tonnage at nearly 4 million GT. In addition to Orion, which has placed most of its 500,000 DWT fleet of geared handysize bulkers with the club, other German members include Hamburg Süd, Alpha Ship, Hans Petersen and Hamburg Bulk. 'From the position 21 years ago we are delighted at the way in which the club has progressed,' said Dr Reith. 'It is very satisfying to realise that the strong management, highly service-orientated ethos and dedicated team of people from the North of England have maintained and even improved the levels of service to members despite the continued growth of recent years.' Dr Reith also said he was 'extremely encouraged' that most of the 44 million GT club's growth continued to come from existing members. 'This is ringing endorsement of the club and one which I whole-heartedly support,' he said. 'The club remains a close-knit community.' Joint managing director Rodney Eccleston thanked the German shipping industry for its continued and growing support, which had helped the North of England become recognised as 'one of the strongest P&I clubs in the world.' He told the reception that free reserves now stand at nearly $100 million and the A- rated club is one of only six European insurers to have a positive outlook from Standard and Poor's. Dr Reith is currently chairman of the North of England's sister hull mutual, Marine Shipping Mutual Insurance (MSMI), which currently insures 350 hulls with a tonnage of nearly 5 million GT.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Conrad Shipyard Forms LNG Business Unit

Conrad Shipyard has formed a new business unit focused on LNG projects.   Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery,

Prince Charles Places Final Section of UK Aircraft Carrier

The second of the largest warships ever built for the U.K. Royal Navy, the Queen Elizabeth Class carrier HMS Prince of Wales, was given the royal seal of approval when HRH The Prince of Wales,

New Zealand: Maritime Trade is Key

Globally, shipping is on the rise – already 80-90 percent of the world’s trade is by ship; that is more than 12 billion metric tons of goods annually, shipped by 1.

Contracts

Baltic Index up for Third Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday, for a third straight session, on rising demand across all vessel segments.

Asia Tankers-VLCC Rates to Climb Slowly

Around 47 MidEast charters fixed for July loading so far; older tonnage and new vessels a drag on freight rates. Freight rates for very large crude carriers

BIMCO Launches New Standard Agreements for Novation of Shipping Contracts

BIMCO has published three standard novation agreements that provide a legal framework to change one of the original parties to a contract.   Two of the agreements

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1138 sec (9 req/sec)