North P&I Club marks 10-year presence in Singapore

Firm celebrates its achievements and contributions in growing Asia-Pacific market

North P&I Club marks 10-year presence in Singapore

Insurance News

By Gabriel Olano

UK-based marine insurer North P&I Club has commemorated the tenth anniversary of its Singapore office.

Over the past decade, the insurer’s Singapore operations have expanded to 17 staff, providing P&I, freight, demurrage and defence (FD&D) claims, and loss prevention services, according to the insurer. The Singapore office works to complement the insurer’s other offices in the Asia-Pacific region, namely Hong Kong, China, and Japan.

The occasion was celebrated with a reception at Duxton Hill, attended by shipowners and representatives of the shipping industry across Singapore and the Asia-Pacific region.

North’s Asia-Pacific membership now accounts for 34% of its 190 million GT of entered tonnage, growing more than 160% since 2007. According to the insurer, this reflects its continued commitment

“Over the past decade shipping has been transformed, and to ensure that we continue to provide the highest quality of cost-effective service, we have evolved with it. One of the most important ways in which we do this is through targeted loss prevention initiatives,” said James Moran, director for Singapore at North P&I Club.

“In 2017 this has included how to attract, recruit, and retain the Right Crew, the dangers of bulk cargo liquefaction and cyber risks. By helping to eliminate the root causes of incidents that lead to claims through direct support and general guidance, North’s members should experience minimal vessel downtime, lower expenditure and improved reliability.”

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