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Press Release “Maritime Cyprus 2017” Conference

On the occasion of the “Maritime Cyprus 2017” Conference, which will take place between 08 – 11 October 2017, a press conference was held on Friday, 29th September 2017, at 12:30 p.m., at the Conference Room of the Ministry of Transport, Communications and Works.

During the press conference the Minister of Transport, Communications and Works, Mr. Marios Demetriades, the Chairman of the Organising Committee of the Conference and Permanent Secretary of the Ministry of Transport, Communications and Works, Mr. Alecos Michaelides, as well as representatives of the Department of Merchant Shipping, the Cyprus Shipping Chamber and the Cyprus Union of Shipowners, presented this year’s Conference.

The Minister of Transport, Communications and Works, Mr. Demetriades stated that Cyprus is one of the most important shipping centres in the world with an integrated infrastructure in all shipping sectors and one of the largest ship management centers in the world and the largest in Europe. He stressed that Cyprus has a modern and high quality fleet, that ranks eleventh in the world and third in the European Union. “In recent years there has been a small but steady development of the Cypriot fleet, something that makes us happy” said Minister Demetriades.

Reference was also made to the contribution of shipping to the Cyprus economy and that the objective of all stakeholders is the continuous development and improvement of the Cyprus shipping. As Mr. Demetriades pointed out, “the creation of the Deputy Ministry of Shipping will significantly improve the efficiency and responsiveness of our maritime administration to the needs of international shipping, will increase the competitiveness of the Cyprus Shipping, give further impetus to the Cyprus fleet and enhance the attractiveness of the country as a destination for shipping companies”.

The Conference was then presented by the Chairman of the Organising Committee of the Conference, Mr. Alecos Michaelides. As reported by Mr. Michaelides, the Maritime Cyprus Conference, which was first established in 1989, acquired great significance, and ranks as one of the largest shipping conferences in the world, attracting to Cyprus hundreds of maritime executives.

The main theme of this year’s Conference is “Yesterday’s World, Tomorrow’s Today”. The Official Opening of the Conference will take place on Sunday, 8th October 2017, at the Amathus Beach Hotel, in Limassol. During the Opening Reception, the winner of the “Cyprus Maritime Award 2017” will be announced and bestowed.

Mr. Michaelides, mentioned that the working part of the Conference will be held in Limassol, at the “Evagoras Lanitis Centre”, between 9th and 11th October 2017. The Official Opening of the working part will take place on Monday, 9th October 2017, at 09:05 a.m., by H.E. the President of the Republic of Cyprus. Distinguished guests such as the IMO Secretary-General, H.E. Mr. Kitack Lim, the European Transport Commissioner, Ms. Violeta Bulc, and world class experts will analyze and discuss specialised issues of concern to the shipping industry.

The Chairman of the Conference presented in brief the Conference Programme, which will consist of 8 interesting panel discussions.

On Monday, 9th October, three panel discussions will take place. The first panel will focus on the current and future regulatory framework for shipping while the second panel on the future of the tanker owners. The third panel will deal with the future of the shipowners in general. On Tuesday, 10th October, a debate on environmental issues will be held, while the second panel will emphasize on the use of smart and modern technology in shipping. On the same day, an afternoon session entitled “Maritime Cyprus: Young Executives”, for young shipping professionals under the age of 40, will take place. On Wednesday, 11th October, the discussions will deal with the current geopolitical developments in the Eastern Mediterranean, while the second panel will concentrate on the market forecast.

Concluding, the organizers thanked all the sponsors for their generous support and their contribution to the organization of the Conference. In particular, they thanked the Platinum sponsor of the Conference, Eurobank, the Gold sponsors: American Hellenic Hull Insurance and Bank of Cyprus, the Silver sponsors: CIPA, Ernst & Young Cyprus Ltd, PwC Cyprus and Bureau Veritas Cyprus Ltd, the conference media sponsor, CyBC and the print and digital media sponsor, the Gold and In Business magazines.

MARITIME CYPRUS 2017- PRESS RELEASE

Round Table photo

Cyprus Shipmanagement Round Table Debate

Ship Management International’s issue 66 March/April 2017, Cyprus Special Report, Round Table Debate

Ship Management International drew together leaders of the Cyprus shipping cluster to discuss key issues facing shipping. Chaired by SMI Editorial Director Sean Maloney, panelists included Giles Heimann, Corporate Director Fleet Personnel, Bernhard Schulte Shipmanagement; Capt. Eberhard Koch, Chairman, CEO and Partner of Oesterreichischer Lloyd Shipping; Mark O’Neil, Future CEO of the intended Columbia Marlow merger; Andrew Brown, Group Technical Director, Interorient Shipmanagement; Andreas Chrysostomou, Independent Maritime Expert; Capt. Eugen Adami, Immediate Past President of the Cyprus Shipping Chamber and owner and Managing Director of the Mastermind Group; Ilias Tsakiris, CEO American Hellenic Hull  Insurance Company; and Alexandros Josephides, Deputy Director General of the Cyprus Shipping Chamber. Other members of the cluster who were unable to attend in person, have contributed written answers to the questions posed.

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Lloyds List

Lloyd’s list reports on American Hellenic Hull’s growth progress

American Hellenic Hull Insurance, the new American P&I Club-backed marine hull insurer established last year in Cyprus, has set itself an ambitious growth target over the next three to four years. The article on Lloyd’s List (find the article here) reported what the Chief Executive, Ilias Tsakiris told at a shipping and insurance gathering in Limassol “the company has a target of insuring 4,000 vessels by 2020.”

Just nine months after it received its operating license, American Hellenic Hull is already covering a fleet of more than 1,500 ships from 10 different countries across three continents. The portfolio included all types of vessels, but foremost were bulk carriers and tankers, said Mr. Tsakiris.

 

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The first Cypriot marine Hull & Machinery underwriter is already a global player

American Hellenic Hull presented latest details of its growth to shipping interests and officials at a first event in Cyprus. The company delivered its first-ever market presentation in Cyprus on April 6, 2017, to better introduce itself to the Cypriot shipping community and provide an update on its growth to date.

The company’s market presentation session and cocktail reception attracted about 170 attendees including Cyprus public officials, shipowners, maritime sector executives, bankers and brokers.

In a welcome address Cyprus’ Minister of Transportation, Communications and Works, Marios Demetriades, highlighted American Hellenic Hull’s fast-expanding global presence as an important example of the growth opportunities available to the Cypriot shipping cluster.

Vince Solarino, Chairman of the American Hellenic Hull Insurance Company and President of the managers of the American P&I Club, briefed the audience on the 100-year history of the American Club. He also explained the reasons for the company’s move to invest in Cyprus.

American Hellenic Hull’s CEO Ilias Tsakiris reported on the company’s progress in its first eight months of operations. The audience was told that the company has already insured 1,524 vessels from 10 countries spread across three different continents, and is working with about 100 brokers. Mr Tsakiris said that American Hellenic Hull is currently in the process of obtaining a rating from an international rating agency. He also explained the importance and benefits of positioning Cyprus globally as a shipping centre, an effort to which American Hellenic Hull is contributing.

To close the event, guests enjoyed a pleasant cocktail reception that provided an opportunity for further networking and receiving feedback from attendees, who were overwhelmingly positive in their response to the company’s presentation.

Globe

American Hellenic Hull’s first market presentation in Cyprus

At an inaugural presentation to be held in Limassol, the Cypriot market will be fully informed of the company’s first seven months of growth as well as the emerging potential of Cyprus as a global marine insurance hub.

American Hellenic Hull Insurance Company will deliver its first Cyprus market presentation at Amathus Beach Hotel in Limassol, April 6, 2017. The presentation is for Cypriot officials, shipowners, marine-related executives, fellow members of the Association of Insurance Companies, and brokers. The main focus will be on the company’s growth in the seven months since it was licensed, on 1st July 2016, and on how Cyprus is becoming a global marine insurance centre.

Event speakers will be Mr. Vince Solarino, Chairman of the American Hellenic Hull Insurance Company and President of the managers of the American P&I Club, together with the American Hellenic Hull’s CEO Mr. Ilias Tsakiris.