No .2 | 2021 149th AGM SPECIAL Team Piraeus: An exciting journey ahead Forward Thinking: The future of shipping Contents Leader Another virtual AGM ..............................................................................................................3 AGM2021 The Swedish Club’s 149th AGM ............................................................................................4 Are you brainfit? ......................................................................................................................8 Interview: Anders Hansen, Guest Speaker ..........................................................................12 New Board members ............................................................................................................13 P8 Forward Thinking Charting the course to automation ......................................................................................14 Norway’s Green Shipping Programme ................................................................................19 Preparing for the extraordinary - the Alfa Lift ....................................................................22 Loss Prevention Safety scenario: Swept away by large wave ......................................................................26 P19 P&I Going home - repatriating seafarers with mental health issues ......................................28 Legal Important clarification of COLREGS ....................................................................................32 Team Piraeus P28 An exciting journey ahead: Interview with Ludvig Nyhlén ..................................................34 Supporting the next generation: Interview with Hans Filipsson ........................................36 Club Information Successful rollout for first MIC Online ................................................................................38 Notice board ..........................................................................................................................41 Staff news ............................................................................................................................41 Quiz ........................................................................................................................................42 P38 The views contained within this publication are those of the respective authors and are not necessarily those of The Swedish Club. The Swedish Club Triton is published three times a year and distributed free of charge. The Swedish Club Triton is an editorially n independent newsletter and opinions expressed by external contributors are not necessarily those of The Swedish Club. Articles No.2 | 2021 o herein are not intended to provide legal advice and the Club does not accept responsibility for errors or omissions or their t consequences. For further information regarding any issue raised herein, please contact our head office in Gothenburg. i r t The Swedish Club Production Coordinator Layout Contact us: Susanne Blomstrand Elaborate Communications Ltd © 2021 The Swedish Club [email protected] Articles or extracts may be quoted provided that PR Consultant Print www.swedishclub.com The Swedish Club is credited as the source. Elaborate Communications Ltd PR Offset, Molndal 2108pr1000 LEADER Another virtual AGM This year, the Swedish Club’s Annual are proud to have produced a series of It is time for changing the guard in the General Meeting - its 149th - was yet webinars covering key topics in claims Piraeus office. Having served as Area again digital. Last year was the first time and loss prevention during the spring. Manager for eight years, Hans Filipsson ever that the AGM was conducted by The annual Marine Insurance Course in has handed the reins to Ludvig Nyhlén, virtual means, and we believed it would Gothenburg, normally run for a whole recently from the Gothenburg office. be a one-off occasion. Little did we know week in May, this year delivered Ludvig has taken on the challenge of that circumstances would continue to prerecorded lectures in conjunction with servicing members in the region with prevent us holding a face to face event. digital live workshops. These events enthusiasm and commitment. I would The meeting was broadcast in real-time attracted a large audience with a like to thank Hans for his dedication and followed by many members and diversified outreach across countries and during these years and wish Ludvig good business partners - substantially more shipping segments. luck in the years to come. than last year. Of course there is nothing like personal Many interesting topics and articles are Preceding the corporate AGM, we contact, and we look forward to meeting featured in this edition of the Triton. welcomed a guest speaker, Anders face to face at events in the future, whilst There are never two Tritons alike. I hope Hansen, a respected medical practitioner, continuing our increasingly popular you enjoy the reading and please stay author and TV host who explained how digital programme. safe. we could be ‘brainfit’. With little effort, we can develop our brain capability, memory Earlier this year the Club celebrated ten and decision making. Physical activity on years of active underwriting from our a regular basis is the trick. The activity office in Norway. The story began when level required to achieve the objective is the Club made the decision to participate no more than we can all easily fit into our in the ever-expanding offshore energy day-to-day life. Worthwhile considering. industry, in which further continuity underwriting was needed. Today, the The Club is in constant motion, focus has widened to all Marine and P&I Lars Rhodin responding to insurance needs, claims products backed up by the Club’s all-in- Managing Director and providing loss prevention advice. We one service. Triton 2 2021 \ 3 AGM2021 4 / Triton 2 2021 AGM2021 The Swedish Club’s 149th AGM For the second time in its history the broadcast live to Club members from Introducing the keynote speaker Lars Club’s AGM was run virtually from the Clarion Hotel Post, ably moderated Rhodin emphasised that The Swedish Gothenburg, with members and by Åsa Lindell. Club is all about adding value. “We add business partners joining the event value in the way we handle claims, in remotely. This closes a chapter for The Opening the event Lennart shared his the way we support our members in Swedish Club, as plans are already fixed wish that the Club would soon be able minimising claims, and in our role as for the 2022 AGM, which will take place to resume business as usual at the industry advisor in insurance related in Gothenburg and will be a celebration 2022 AGM: “Let’s hope that next year matters,” he said. “We aim to follow this of the Club’s 150th Anniversary. life is back to normal and that we can approach and, as always, go beyond the have the normal arrangements again,” AGM with a small programme which will This year, the Club’s Chairman Lennart he said. “Next year’s AGM will be special still be entertaining, inspirational and Simonsson; Secretary of the AGM Per for all of us, as we will be celebrating thought provoking.” Settergren; and Managing Director Lars the fact that The Swedish Club will have Rhodin were able to share the stage and been in business for 150 years.” Managing Director’s Report Opening with the Oscar Wilde Our unsung heroes updated solvency statement within 24 quote, ’Experience is one thing you hours. This needed to contain our can’t get for nothing’, Lars Rhodin Rhodin paid tribute to the seafarers and assessment on the likely exposure to the spoke about the importance of shipping companies that kept the world Club of COVID-19 and a worst-case experience, and that whether it moving during the pandemic. “They faced scenario. We demonstrated resilience and travel bans, restrictions, and quarantine we had a strong capital buffer, and of requires effort, or costs money, it requirements” he said. “They have not been course our business development will always be needed. regarded as essential workers. They have continued.” stayed on board away from their families Recognising a black swan just to keep the world moving. They are our At the end of the year the Club was happy unsung heroes. to report a profit of 3 million USD. However “Marine underwriters are trained to expect during the course of the year the the unexpected, and there is a high degree Volatility, resilience and aggregated return in investments showed a of statistical certainty that the unexpected business development swing of 50 million. “Now we’re talking will actually happen,” he said. “But we don’t about volatility,” remarked Rhodin. know exactly when and we don’t know for “In underwriting we had many pool claims whom. The black swan is something and also retained claims. On the For 2020 the underwriting result, a completely different. It's not known, and investment side we have now almost combined ratio of 123%, was the highest therefore cannot be expected. The forgotten what happened in March,” he the Club has seen in 20 years. Lars pandemic is not a black swan. It was explained. “At the end of the first quarter explained that both pool claims and known but it was not expected. We know equity markets were in freefall, and at that retained claims made a significant about pandemics, but we choose to forget point the Swedish regulator approached contribution. On the plus side however, the them.” every insurer in Sweden demanding an Club’s free reserves are standing at an Triton 2 2021 \5 AGM2021