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Shipowners Club resolves Saudi Aramco blacklisting

The Shipowners Club has resolved a blacklisting by Saudi Aramco that would have seen it not being accepted as P&I security by the national oil company from the 20 February P&I renewals.

Marcus Hand, Editor

January 14, 2015

1 Min Read
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Speaking at a reception in Singapore on Tuesday evening Charles Hume chief executive of the Shipowners Club told members: “At a meeting we had on Sunday with a team from Saudi Aramco we have resolved the claims, they have agreed to lift the boycott, and they should have sent emails to all of their contractors and sub-contractors confirming that the Shipowners Club is acceptable security and they should likewise have put a notice to that effect on their bulletin board.”

On 5 January Saudi Aramco issued a notice advising contractors and sub-contractors that insurance provided by the Shipowners’ Club would not be acceptable P&I security from 20th February 2015.

The issue involved two claims made by Saudi Aramco against members of the club and in a circular issued on 6 January Shipowners said the notice “had come as complete surprise”.

Hume thanked the Clubs members for their patience while the issue was resolved as well as fellow members of the International Group for their support.

As a specialist insurer of smaller tonnage the Shipowners Club is the largest P&I insurer of offshore support vessels.

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Saudi Aramco

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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