Scb News

After 27 years’ service as Chief Executive Officer of Shipowners Claims Bureau, Inc. (SCB), the Managers of the American P&I Club, Joe Hughes will stand down from that role on August 1, 2022. Dorothea Ioannou, currently Deputy Chief Operating Officer of SCB, will succeed Hughes as CEO from that date, making history as the first woman to ascend to the top executive position of an International Group P&I club in the 167 year history of the marine mutuals.At the same time, Vince Solarino will step down as Chief Operating Officer of SCB, Inc.

Shipowners Claims Bureau, Inc. (SCB), the Managers of the American Club, has announced senior appointments to its management team in New York.  Dorothea Ioannou takes on the role of Deputy Chief Operating Officer (DCOO) with immediate effect, and Mary (Molly) McCafferty becomes Senior Vice President and Director of Claims for the Americas as from the beginning of September.

Shipowners Claims Bureau, Inc. (SCB), Managers of the American Club, has announced several senior appointments which have been made to enhance the capabilities of its global service teams.At the Club’s headquarters in New York, Margaret Lee has been appointed as Lead Counsel. With 20 years of experience in the industry, Lee is a New York-admitted attorney who worked in private practice before joining the Club’s management several years ago. Lee has particular expertise in occupational disease claims and, in addition to overseeing the wide – and diverse – range of legal matters which attend the operation of the Club and its Managers,…

Shipowners Claims Bureau, Inc. (SCB), the Manager of the American P&I Club, has recently announced a series of appointments designed to service the Club’s growing membership and help fulfil longer-term goals of continued expansion. The American Club has grown its membership substantially over recent years, tonnage having increased by some 25 percent over the past 24 months, and these appointments are intended to consolidate the Club’s continuing service capabilities in the future.The…

BOURBON completes vessel sales to ICBC Financial Leasing and Standard Chartered Bank and announces new sale and bareboat charter agreement with Minsheng Financial Leasing Co. BOURBON has completed the transfer of ownership under the agreements with ICBC Financial Leasing (ICBCL) and Standard Chartered Bank (SCB) as part of the sale and bareboat charter agreements signed in 2013, the company announced today. During 2014, the ownership of 25 vessels was transferred to ICBCL in accordance with the agreement signed in April 2013. Combined with the 21 vessels transferred in 2013, this brings the total number of vessels transferred to ICBCL to 46 for a total value of more than $1.4 billion. BOURBON has also completed the transfer of vessels to SCB under the agreement signed in November 2013.

Katherine Wang, who is well known in Asian P&I circles, has joined the American Club as assistant vice president and marketing manager for Greater China and Northern Asia. In the first instance she will be stationed in the Hong Kong office of the club's managers, Shipowners Claims Bureau, and thereafter will be deployed to Dalian in Northern China - where in fact she graduated from Dalian Maritime University, obtaining her Bachelor’s Degree in International Shipping Transportation. Ms Wang joins SCB from another international group P&I club, where she was employed as an underwriter. Prior to that, she worked at China Shipping (Hong Kong) Marine Co. Ltd. in its chartering department, specialising in the dry bulk sector.

While Posidonia is well regarded for its exhibition, it is famous for its parties. The American Club held its traditional party on the evening of Thursday, May 29, to mark the start of Posidonia week, with more than 600 guests from the club’s expanding Greek membership, as well as club directors and representatives from the Greek maritime industry, attended a buffet reception on the rooftop of the Royal Olympic Hotel in central Athens. The occasion proved to be an ideal opportunity for the club’s leading underwriter…

The American Club held its traditional party on the evening of Thursday, May 29 to mark the start of Posidonia week. More than 600 guests from the club’s expanding Greek membership, as well as club directors and representatives from the Greek maritime industry, attended a buffet reception on the rooftop of the Royal Olympic Hotel in central Athens. The event was also attended by Miltiades Varvitsiotis, the Greek Minister of Shipping and the Aegean, together with senior diplomats from the U.S. Embassy to Greece.

The American Club, the only mutual protection and indemnity insurer domiciled in the Americas, has  revealed very positive overall results for the February 20 renewal season. Tonnage entered for owners’ P&I risks increased by over 11% year-on-year as at February 20, while that entered for defence risks grew by over 30%. There was an overall premium increase of slightly under 8% for P&I on renewing tonnage, and nearly 6% for the club’s defence class. However, when the monetary value of deductible increases and other adjustments to insurance conditions are taken into account, the target of a 10% increase in premium set by the club’s board for 2014 was very broadly achieved, notwithstanding a continuation of the difficult commercial environment.

Revenues up 10.5% vs. full year 2012 to €1.312 billion and up 6.0% vs. fourth quarter 2012 to €331.6 million impacted by U.S. •    Foreign currency movements versus the Euro in 2013 (most notably versus the U.S. “2013 revenues of more than €1.3 billion, a complete range of 485 vessels with an average age of 6.2 years and the broad geographical reach of its activities makes Bourbon a leader in the offshore marine services industry,” said Christian Lefèvre, Chief Executive Officer of Bourbon.

In line with its strategy, BOURBON achieves US$ 770 million of vessel sales in 2013. Bourbon has sold 12 additional vessels to ICBC Financial Leasing for US$ 378 million and concluded a new sale and bareboat charter agreement with Standard Chartered Bank for US$ 150 million. They also announced the transfer of ownership of 12 vessels to the Chinese company ICBC Financial Leasing ("ICBCL") for a total value of approximately US$ 378 million, as part of the sale and bareboat charter agreement for up to 51 vessels signed with ICBCL on April 9, 2013.

The American P&I Club is reorganizing its underwriting and business development functions into a regionalized structure comprising the Americas, EMEA (Europe, Middle East, Africa), South and Southeast Asia, and Greater China and North Asia. “The more focused application of resources created by this new structure is intended further to improve service delivery to members, brokers and the club’s other business associates,” Joe Hughes, chairman and ceo of managers Shipowners Claims Bureau Inc.…

Under Standard & Poor’s Ratings Services’ latest review, the American P&I Club’s financial strength rating has been raised a full notch from BB+ to BBB-, an investment grade, with a stable outlook. This action follows a comprehensive review of the club’s current and prospective circumstances by reference to S&P’s new criteria for the rating of insurance companies which it has now extended to 14 marine mutual insurers. In their rationale for increasing the club’s rating to an investment grade…

Members of the American P&I Club have elected the first director to come from The People’s Republic of China (PRC). At the annual meeting in New York, Lianyu Zhu of CCCC International Shipping Corporation, Tianjin, was elected to the board for the forthcoming year. Mr. Zhu’s company is a subsidiary of China Communications Construction Company, a major state-owned enterprise (SOE) which is, among other things, the largest port construction and design company in the PRC. The election highlights the American Club’s continuing growth in China in particular and Asia in general, supported by its Shanghai office which it opened in 2007. Servet Yardimci of the Yardimci Group, Istanbul, retired from the board, having been first elected a director in 2000. At the following board meeting, J.

The American Club reported solid progress on several fronts at the annual meeting of its members held in New York. Despite many challenges, including those intrinsic in a struggling maritime sector hampered by anemic growth in global trade, the club made progress in many areas during 2012 and has started 2013 on a positive note. Income came under pressure during the first half of 2012 as the retirement of older, higher-rated vessels and their replacement by newer, lower-rated ships, caused a reduction both in rates per ton and overall revenue by comparison with the position 12 months earlier. While retained claims developed within expectations…

Shipowners Claims Bureau Inc., American P&I Club managers, make appointments in underwriting and survey, & technical departments. Colin Snell has been recruited to SCB’s underwriting department to support the club’s European and North American business. An English lawyer by training, Colin has extensive experience in P&I, having earlier occupied senior positions with other major International Group P&I Clubs in London and New York. As vice president, working closely with Stuart Todd and his colleagues…

Recruitment of Asian Specialist. In a move to add extra underwriting expertise to its New York team and further enhance its growing presence in Asia, the American P&I Club’s managers have recruited a well-known Asian specialist. Chris Hall joins Shipowners Claims Bureau, Inc., New York, on September 1. He will be vice president – underwriting, reporting to Stuart Todd as head of underwriting in this capacity. Hall has worked in Singapore and Hong Kong with the Skuld Club since 1999 when he joined its Hong Kong office. Latterly, in Hong Kong, he was vice president, marketing, and senior lawyer.

Topaz Energy and Marine announced that it had raised $42m from Standard Chartered Bank, Dubai in support of its fleet expansion plans, taking its total financing raised in 2009 to $150m. Topaz has contracted over $150m in bank finance in 2009 and the lion’s share of the funds have been deployed to support its fleet expansion and modernization program. Although finance available for the shipping sector as a whole is scarce, the OSV space that Topaz occupies is a relative bright spot for banks.

Remtech Services, Inc. (RSI) division of SCB Computer Technology, Inc. has won a subcontract from CACI to provide information technology support services to the U.S. Command Support System (NTCSS). exercised and fully funded. Center (SYSCEN) Norfolk that began in 1995, Cobb continued. requirements. medical, dental, food service, and resale operations. variety of support installations around the world, he said.

Dr William H Moore will shortly be joining Shipowners Claims Bureau Inc. (SCB), managers of the American P&I Club, to take charge of its growing technical, safety and loss prevention activities. Dr Moore joins SCB from the Bergen office of Gard Services AS, where, as a vice president, he has had responsibility for the loss prevention, risk assessment and technical services of Gard’s substantial P&I and hull/machinery portfolios. An American, Dr Moore, 41, holds a doctorate in engineering, naval architecture and offshore engineering from the University of California at Berkeley, together with a master’s degree from the Massachusetts Institute of Technology.