{"id":178015,"date":"2019-12-12T08:19:17","date_gmt":"2019-12-12T06:19:17","guid":{"rendered":"https:\/\/maritimes.gr\/outlook-for-2020-is-a-bit-cloudy-but-we-are-optimistic-president-of-the-american-p-i-club-joseph-em-hughes\/"},"modified":"2019-12-12T08:19:17","modified_gmt":"2019-12-12T06:19:17","slug":"outlook-for-2020-is-a-bit-cloudy-but-we-are-optimistic-president-of-the-american-p-i-club-joseph-em-hughes","status":"publish","type":"post","link":"https:\/\/maritimes.gr\/en\/outlook-for-2020-is-a-bit-cloudy-but-we-are-optimistic-president-of-the-american-p-i-club-joseph-em-hughes\/","title":{"rendered":"Outlook for 2020 is a bit cloudy, but we are optimistic: President of The American P&#038;I Club, Joseph EM Hughes"},"content":{"rendered":"<p><img decoding=\"async\" class=\" size-full wp-image-178013\" src=\"https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/12\/2fa35509a576e3dfb6b5329cb710de86.jpg\" alt=\"\" width=\"931\" height=\"608\" srcset=\"https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/12\/2fa35509a576e3dfb6b5329cb710de86-200x131.jpg 200w, https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/12\/2fa35509a576e3dfb6b5329cb710de86-300x196.jpg 300w, https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/12\/2fa35509a576e3dfb6b5329cb710de86-400x261.jpg 400w, https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/12\/2fa35509a576e3dfb6b5329cb710de86-600x392.jpg 600w, https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/12\/2fa35509a576e3dfb6b5329cb710de86-768x502.jpg 768w, https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/12\/2fa35509a576e3dfb6b5329cb710de86-800x522.jpg 800w, https:\/\/maritimes.gr\/wp-content\/uploads\/2019\/12\/2fa35509a576e3dfb6b5329cb710de86.jpg 931w\" sizes=\"(max-width: 931px) 100vw, 931px\" \/><\/p>\n<p>The 2019 year review is mixed for the American P&amp;I Club with positive and rather disappointing notes, but measures have been made to welcome the new year and despite the uncertainty Joseph EM Hughes, President of The American P&amp;I Club, expressed optimism about 2020 in an interview with maritimes.gr<\/p>\n<p>\u201cWe look forward to growing our relationship with the Greek community,\u201d Mr Hughes said, underlining the importance of the Greek market to the Club.<\/p>\n<p>An interesting year closes for the American P&amp;I Club , with very good investment return on one hand and a slowdown in development compared to 2016-2017 and not so good claims as in 2018, and another interesting year begins, he noted.<\/p>\n<p>Asked about the results of the club\u2019s expansion to Eagle Ocean Marine, the American Club\u2019s fixed premium product in recent years and the launch of the American Hellenic Hull in 2016, Hughes said that they were positive, both ventures are profitable and it is expected that the results will be greater in coming months and years.<\/p>\n<p>Regarding the club\u2019s planning for the cost of premium next year, he said that they were not seeking standardized or general increase, but looking to apply ratings in terms of conditions, individual accounts, on more customized basis.<\/p>\n<p>When it comes to the effect of the implementation of the IMO regulations 2020 on the maritime insurance market, Hughes said that they have prepared as much as possible, nobody knows what precisely will happen on January 1st, but they are well equipped to provide the service needed.<\/p>\n<p>\u201cWe are optimistic it will proceed smoothly. Sulphur cap 2020 is just the advanced guard of even greater changes that will likely occur over the future,\u201d he said.<\/p>\n<p>Enormous challenges are presented to the industry, he added, voicing confidence that all P&amp;I clubs will be able to respond to them with enthusiasm.<\/p>\n<p>\u201cAlthough there will be changes, I am sure our industry will rise to them. I think 2020 is going to be a very interesting year. In the Club we are very optimistic for the future. We are very well positioned to take advantage of opportunities which lie ahead. Those well positioned as we are, will take benefit, so I feel very enthusiastic and optimistic about the year ahead,\u201d Mr Hughes concluded.<\/p>\n<p>interview:Markos Kantzios<\/p>\n<p>camera: studio Panos Halkidis<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 2019 year review is mixed for the American P&amp;I Club with positive and rather  [&#8230;]<\/p>\n","protected":false},"author":23,"featured_media":178013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[290],"tags":[],"class_list":["post-178015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritimes-tv-en-english"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Outlook for 2020 is a bit cloudy, but we are optimistic: President of The American P&amp;I Club, Joseph EM Hughes - Maritimes<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/maritimes.gr\/en\/outlook-for-2020-is-a-bit-cloudy-but-we-are-optimistic-president-of-the-american-p-i-club-joseph-em-hughes\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Outlook for 2020 is a bit cloudy, but we are optimistic: President of The American P&amp;I Club, Joseph EM Hughes - 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