Thomas Miller P&I's Readman Retires

Tuesday, July 19, 2011

On July 22, Luke Readman, Chairman of Thomas Miller P&I Ltd, will retire after nearly forty years of service to the Members of the UK P&I Club. He hands over leadership to current chief executive Hugo Wynn-Williams, who will be supported by deputy chairman Nigel Carden.

Readman became renowned in the P&I industry as an oil pollution specialist after handling major claims for the UK Club such as the 230,000dwt VLCC Haven, which caught fire and sank off Genoa in 1991. The case was finally resolved by a tri-partite settlement agreement between the Italian State, the IOPC Fund and the Owners/Club. Following the Exxon Valdez oil spill in Alaska in 1989, he was heavily involved on behalf of the International Group of P&I Clubs in the protracted process of implementation of the US Oil Pollution Act 1990. The lengthy saga of Certificates of Financial Responsibility (COFRs) under OPA 90 culminated in 1996 with the creation of the Shipowners Insurance and Guaranty Company (SIGCo) of which he was one of the chief architects. SIGCo now provides COFR guaranties for about two thirds of the ships trading to the US.

A barrister and Oxford classics graduate, Readman joined Thomas Miller in 1971. From an early stage he was involved with the Club’s business in Asia. He pioneered the development of P&I business in mainland China during the early 1980s, establishing the UK Club as the earliest provider of P&I cover to China Ocean Shipping Co Group (COSCO). He was also instrumental in setting up the first overseas branch of the UK Club in Japan in 1989.

He became a partner of Thos R Miller & Son in 1982, and joined the board of Thomas Miller Holdings in 2004.

Apart from the UK P&I Club, Readman also spent some time in Thomas Miller's professional indemnity division, working within the UK based mutuals such as BMIF - the liability insurer for barristers in England and Wales. In that period, he was closely involved in the establishment of the Occupational Pensions Defence Union (OPDU) to insure pension trustee liabilities arising from developments in UK pensions legislation.

Readman returned to P&I in 2001. He was appointed chairman of Thomas Miller P&I in 2004 and has led the P&I management team continuously since then. He leaves the UK P&I Club showing free reserves and capital at 20 February 2011 of $487 million, an all time high.

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Coast Guard Academy Cadet to Receive Fulbright Scholarship

Stephen Horvath, a first class cadet at the U.S. Coast Guard Academy, was recently granted a two-year Fulbright Scholarship to study renewable energy technologies

Ecochlor Presents BWTS Case Study at CMA

Ballast water treatment technology developer Ecochlor Inc. presented a project case study yesterday at CMA Shipping 2015 in Stamford, Conn. The case study covered

Golden Ocean and Knightsbridge Complete Merger

The merger between Knightsbridge Shipping Limited and Golden Ocean Group Limited was approved today at special meetings of both companies' shareholders.      The new company,

Tanker Trends

Stolt-Nielsen Completes Bond Issues

Stolt-Nielsen Limited announced the placement of senior unsecured bonds in a total amount of NOK 1,100 million in a new five-year bond issue carrying a coupon of 3M NIBOR plus 4.

Icebreaker Murmansk Launched at Arctech Helsinki Shipyard

The 16 MW Icebreaker for the Russian Ministry of Transport was launched at Arctech Helsinki Shipyard on March 25th, 2015. Before floating the vessel, she was

Sino-Global Purchases First Tanker

Sino-Global Shipping America, which was recently listed on Nasdaq, is becoming a shipowner.   The shipping agency, logistics and ship management services company

Environmental

Damen joins World Ocean Council

Dutch-based Damen Shipyards Group has become the latest member of the World Ocean Council (WOC).    The global shipbuilder headquartered in the Netherlands is

ABB, Samsung SDI JV to Develop Microgrids Globally

ABB and Samsung SDI have signed a Memorandum of Understanding to promote microgrid solutions globally. The two companies will establish a global commercial alliance

Icebreaker Murmansk Launched at Arctech Helsinki Shipyard

The 16 MW Icebreaker for the Russian Ministry of Transport was launched at Arctech Helsinki Shipyard on March 25th, 2015. Before floating the vessel, she was

Maritime Safety

Indonesia Partners with China on Maritime

Indonesian President Joko “Jokowi” Widodo and Chinese President Xi Jinping pledged increased maritime cooperation during the formers visit to China.   The joint

Greek Ferry Runs Aground in the Aegean

A Greek ferry ran aground on the Aegean island of Kassos overnight, the AP is reporting.      None of the 227 passengers and 55 crew were injured and a tug

US Will Work to Ensure Bab-el-Mandeb Strait Remains Open

The U.S. military will work with Gulf and European partners to ensure the strategic Bab el-Mandeb Strait at the tip of the Red Sea remains open to commerce despite fighting and instability in Yemen,

People in the News

Golden Ocean and Knightsbridge Complete Merger

The merger between Knightsbridge Shipping Limited and Golden Ocean Group Limited was approved today at special meetings of both companies' shareholders.      The new company,

Kondracki Joins TOTE Services Leadership Team

TOTE Services has promoted Michael J. (Mick) Kondracki to director of labor relations and risk management effective March 16, 2015, as announced by the company’s president, Phil Greene, Jr.

Hapag-Lloyd CFO Ganz Steps Down

Hapag-Lloyd CFO Peter Ganz steps down from position; CSAV CFO Nicolas Burr appointed his successor   Peter Ganz will step down from his position as company CFO effective April 1,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Repair Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1773 sec (6 req/sec)