Singapore: More than 500 top shipping executives from Asia and beyond gathered at the Shangri-La Hotel in Singapore on April 26, Monday evening, to honor 20 well-deserving award winners at the 3rd Seatrade Asia Awards. The Awards dinner was graced by Mr. Teo Ser Luck, Singapore Senior Parliamentary Secretary for Community Development, Youth & Sports and Transport as the Guest of Honour.
The gala evening was capped off with the Seatrade Personality of the Year Award going to Mr. S.S. Teo, Managing Director of Pacific International Lines. Mr Teo started his shipping career with his family owned business Pacific International Lines in 1979 and is also the Chief Executive Officer and President of PIL's subsidiary company Singamas Container Holdings Limited, Hong Kong. Mr Teo holds appointments in several Government and civic organizations including the Singapore Shipping Association and the Maritime and Port Authority of Singapore. On 20 July 2009, Mr Teo was appointed as a Nominated Member of Parliament representing the commerce sector in Singapore.
"I am very grateful to receive this Personality of the Year Award from Seatrade. I would like to thank my partners, associates, colleagues and family members for their guidance and support. Without them, I would not have been able to make my small contribution in the maritime industry," said Mr. S.S. Teo, Managing Director, Pacific International Lines Pte Ltd.
Receiving the Seatrade Young Person of the Year was Mr. Andreas Sohmen-Pao, CEO of BW Group.
"It is an honour to receive this award. I am pleased to represent my company within the industry, but this recognition is of course founded on the collective efforts of my colleagues at the BW Group. We hope to play a positive role in addressing the many challenges facing the industry today, and are thankful for the vote of confidence," said Mr Sohmen-Pao who was also recognised for his efforts and contributions to the maritime industry. Mr Sohmen-Pao is currently Group CEO of the combined BW Maritime and BW Gas management team, and a director on the board of BW Offshore, which is a leader in deep water oil and gas production. He is also a non-executive director of The Hongkong and Shanghai Banking Corporation Ltd and sits on the boards of the Maritime and Port Authority of Singapore and The Esplanade Co Ltd.
Also in the limelight was the Deal of the Year, secured by Standard Chartered for its role as top-tier mandated lead arranger for a US$631 million syndicated refinancing facility with Korea Gas Corporation (KOGAS), the world's largest importer of liquefied natural gas.
A total of 20 awards were presented at the prestigious black tie event which was well attended by regional and international industry players in spite of the recent air travel chaos which saw many European airports close for days.
Christopher Hayman, Chairman of Seatrade, said "The Seatrade Asia Awards 2010 come at a time when the shipping industry is gradually seeing some upturns in its fortunes after one of the toughest years in living memory. It is a testament to the strength of the industry that companies have been able to sail their way through stormy seas and into what is looking like the beginnings of an economic upturn. The winners as well as the finalists have demonstrated a commitment to best practices in their respective sectors that is a credit to the Asian shipping community."
The next Seatrade Asia Awards will be held in Hong Kong in June 2011. [27/04/10]
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