The UK P&I Club, a leading provider of P&I insurance and other services to the international shipping community, has announced an initial shortlist of ten finalists for its 'Investing in a Safer Tomorrow' global maritime competition which coincides with the Club's 150th anniversary.
The competition has a prize fund of $50,000 and challenges students and those entering the maritime industry to develop innovative, industry-changing ideas with a focus on improving safety at sea.
Having received an impressive 222 entries for stage one of the competition from across the globe, judges have progressed ten entries to stage two, based on criteria such as originality, relevancy and simplicity. A final shortlist of three will be invited to develop their ideas with support from the UK Club.
The three finalists will be flown to the UK in July 2019 to attend the UK P&I Club's 150th Gala Dinner in London, where they will present a video, whitepaper or presentation for the judging panel. The winning team or individual will receive a prize of $30,000 with second place being awards $15,000 and third place $5,000.
The judging panel consists of:
- Andrew Bardot, CEO International Group
- Angus Frew, Secretary General BIMCO
- Dr Grahaeme Henderson, Vice President, Shipping & Maritime, Shell International Trading and Shipping Company Limited
- Nicholas Inglessis, President Samos Steamship Co
- Masamichi Morooka, President & CEO Yokohama-Kawasaki International Port Corporation
- Knut Ørbeck-Nilssen, CEO of DNV GL
- Esben Poulsson, Chairman of International Chamber of Shipping
- Hugo Wynn-Williams, Chairman of Thomas Miller
Hugo Wynn Williams, Chairman of Thomas Miller, says:
"We have been greatly impressed with the volume, quality and diversity of the entries we received for the competition, which coincides with the 150th anniversary of the Club, and aims to foster new talent and harness the bright minds of tomorrow. The international nature of the competition is reflected in the ten shortlisted entries, with five coming from India, two from Hong Kong and one each from the USA, Singapore and the UK.
"I'm also extremely grateful to the judges for supporting the 'Investing in a Safer Tomorrow' competition and giving their time to share our commitment to keep improving safety standards and embrace innovation."
For further information on the UK P&I 'Investing in a Safer Tomorrow' competition please visit: http://150competition.ukpandi.com/
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For further details, please contact:
Jonathan Atkins / Alastair Doyle
Four Broadgate
UKP&I@fourbroadgate.com / +44 (0) 20 3697 4200
Notes to Editors
The UK P&I Club is a leading provider of P&I insurance and other services to the international shipping community. Established in 1869 the UK P&I Club insures over 239 million tonnes of owned and chartered shipping through its international offices and claims network. 'A (Stable)' rated by Standard & Poor's with free reserves of $540m, the UK P&I Club is renowned for its specialist skills and expertise which ensure 'best in class' underwriting, claims handling and loss prevention services.
The UK P&I Club is managed by Thomas Miller, an independent and international insurance, professional and investment services provider.
About Thomas Miller
Thomas Miller is an independent and international provider of insurance, professional and investment services.
Founded in 1885, Thomas Miller's origins are in the provision of management services to mutual organisations, particularly in the international transport and professional indemnity sectors; where today they manage a large percentage of the foremost insurance mutuals. Thomas Miller also manages insurance facilities for all the self-employed barristers in England & Wales, as well as trustees of pension schemes, patent agents and housing associations.
Principal activities include:
- Management services for transport and professional indemnity insurance mutuals
- Investment management for institutions and private clients
- Professional services including legal services, claims and captive management
- Managing General Agency
