The Swedish Club marks 40 years in Hong Kong
The Swedish Club’s Hong Kong office celebrates its 40th anniversary this month. The office has seen many changes, from fast economic growth in the South East Asia region and China’s ‘open door’ policy to Asia taking a role as a leading force in global shipping.
Team Hong Kong Managing Director Ruizong Wang says: “We are delighted to celebrate 40 years in this important hub. Statistics last year showed that for the first time in recent history, Asian-owned tonnage exceeded the tonnage of European shipowners.
“We have a very good, professional team who are dedicated to offering the best possible levels of service to our members. Our business continues to expand, and we have worked hard to earn a good reputation in the market.”
Team Hong Kong is the largest of The Swedish Club’s teams, with P&I tonnage from the Asia region representing about 50% of the Club’s total entered gross tonnage. The decision to open a new office in Singapore this year could not have been taken without the successful relationships built up from Hong Kong by Ruizong and his team.
Now, following the COVID -19 restrictions, Hong Kong is opening up once again, and Team Hong Kong is already undertaking an extensive programme of visits to members in the region. “We are looking forward to meeting members face to face and taking the opportunity to concentrate on further developing our business and continuously offering better services for our members,” adds Ruizong.
For further information, please contact Debra Massey at +44 1296 682675, or email dmassey@elabor8.co.uk
Notes to Editors
The Swedish Club was founded by shipowners in 1872 and is today a leading and diversified mutual marine insurance company owned and controlled by its members. The Club writes Protection & Indemnity, Freight, Demurrage & Defence, Hull & Machinery, Hull Interests, Loss of Hire, War Risks, and any additional insurances required by shipowners or charterers. It also writes Hull & Machinery, War risks and Loss of Hire for Mobile Offshore Units and FPSOs.
Its head office is located in Gothenburg, Sweden, with branch offices in Piraeus, Oslo, London, Hong Kong and Singapore.