Dennis Marvin Chairman Cargo Committee · 2013-02-23 · 2 . 3 COMMITTEE MEMBERS . IUMI CARGO...
Transcript of Dennis Marvin Chairman Cargo Committee · 2013-02-23 · 2 . 3 COMMITTEE MEMBERS . IUMI CARGO...
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Dennis Marvin Chairman Cargo Committee
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AGENDA
Committee Members
Cargo Statistics
Trends
Major Events
Introduction to the Cargo Workshop
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COMMITTEE MEMBERS
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IUMI CARGO COMMITTEE
DENNIS MARVIN, CHAIRMAN UNITED STATES OF AMERICA
NICHOLAS DERRICK, VICE CHAIRMAN UNITED KINGDOM
MIKAELA TAMM, SECRETARY SWEDEN
Keith Auld New Zealand Karl-Gerhard Metzner Germany
Niklas Bengtsson Nordic Hosny Mishrif Egypt
Joanne Chan Asia Koichiro Morita Japan
R. Brent Chorney Canada Jill Murphy Australia
Mathieu Daubin France Frank Ponnen South Africa
Massimo Garbarino Italy Eric De Smet Belgium
Christian Labhart Switzerland Rob J. Timmer Netherlands
Alberto Liuzzi Israel Max Zaccar Lebanon
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CARGO STATISTICS
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GLOBAL CARGO PREMIUM 2000 - 2011
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0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Global Cargo premium 2000-2011(2000-2009 "as-if" adjusted for relative increase from
inclusion of new reporting units from 2010)
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MARINE PREMIUM 2011 – BY LINE OF BUSINESS
26.2%
53.9%
5.7%
14.2%
Total: 31.9 USD Billion
Global Hull
Transport/Cargo
Marine Liability
Offshore/Energy
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17.2 USD Billion - Cargo
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CARGO – GROSS* ULTIMATE LOSS RATIO Underwriting Years 1996 to 2011
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TRENDS
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TRENDS
Economic Uncertainty
Soft Market Woes
Acquisition Costs Increasing
Stock Through Put Expansion
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ECONOMIC UNCERTAINTY
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-15%
-10%
-5%
0%
5%
10%
15%
2005 2006 2007 2008 2009 2010 2011
World Exports growth
data as of 2011: forecast source: WTO
4000
6000
8000
10000
12000
14000
16000
18000
20000
22000
24000
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
World trade values
data as of 2011 forwards: IMF forecast source: WTO
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
00 01 02 03 04 05 06 07 08 09 10 11
Annual GDP Growth
Emerging Markets World
European Unionsource: IMF
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TRENDS
Soft Market Woes
Acquisition Costs Increasing
Stock Through Put Expansion
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MAJOR CARGO EVENTS
MSC Flaminia
Thailand Floods
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MSC FLAMINIA
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MSC FLAMINIA
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MSC FLAMINIA
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MSC FLAMINIA OWNERS DECLARE GENERAL AVERAGE
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THAILAND FLOODS
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CARS SUBMERGED
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FLOODING AT ROJANA INDUSTRIAL PARK, AYUTTHAYA
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KO-SAMUI AIRPORT
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RAILROAD TRACK HANGS MIDAIR AFTER FLASH FLOODING
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THAILAND FLOOD - SUBMERGED ELEPHANT
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INTRODUCTION TO THE CARGO WORKSHOP
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THE FUTURE OF GREEN ENERGY & ITS TRANSPORATION CHALLENGES
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Ian Lennard
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YORK ANTWERP RULES AND SALVAGE ISSUES
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Nick Gooding
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SANCTIONS AND THE GLOBAL MARINE INDUSTRY
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Basilios Podaras
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MARINE INSURANCE REGULATIONS IN LATIN AMERICA
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New Port of Rodman in
Panama's Pacific 2010
New Container
terminal in Mexico 2012
New Port in
Colombia
Aurelio Fernandez Concheso
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THE CARRIAGE BY SEA OF VEGETABLE OIL
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RICARDO COSULICH
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NICK GOODING
ANCILLARY CARGO CLAUSES – THE IS IN THE DETAIL