Maritime Knowledge Shipping Session (MKSS) 32

Organizer Name
Capital Tower, Singapore
Public event, registration required

The first seminar in 2016 on Marine Risk Accumulation on Shore and at Sea under the 10th series of the Maritime Knowledge Shipping Session, co-organised by the Singapore Maritime Foundation (SMF) and the General Insurance Association of Singapore (GIA).

We are pleased to have had two industry experts to share their knowledge on the topic – Marine Risk Accumulation on Shore and at Sea. Through their presentations, participants gained a well-rounded understanding of the topic.

Speaker 1
Mr. Peter W. Ulrich
Senior Vice President, Risk Management Solutions Inc

Peter is a Senior Vice President at RMS and has been with the firm for over 20 years. He is currently leading RMS’ initiative to build risk management models to assist the marine insurance industry in managing their global catastrophe risk from perils including wind, surge, flood, earthquake and terrorist attack.

Peter has previously led the development of a range of new RMS’ catastrophe models including terrorism risks, human casualties from earthquake and infectious disease, as well as longevity risk models. He has been active in the debate around the US government’s role in terrorism reinsurance and has testified in front of the House Finance-Homeland Security Terrorism Risk Assessment Subcommittee on the applications of terrorism models. He has also worked with the Congressional Budget Office and the Government Accountability Office to quantify the impact of potential TRIA extension options.

Peter has also consulted clients on projects such as the risk assessment from natural catastrophes to both P&C and L&H lines of business, reinsurance optimization, strategic capital allocation, global catastrophe management and loss cost generation.

Peter was from a B.S. in Accounting and Finance from the University of California at Berkeley, and has an MBA from the University of Southern California. He is a Certified Public Accountant and a Certified Management Accountant

Speaker 2
Mr. William Pang
Director, Marine Claims Office of Asia Pte Ltd

William Pang was an Accountant with an international chemical and cleaning industry and he switched his profession to be an Average Adjuster. He has been practicing average adjusting for about 25 years. He also worked with an international adjusting firm as a Director before joining Marine Claims Office, Singapore, and is presently its Director and also Shareholder.

He has been involved in the development of Marine Claims Office, Singapore, and today it is a major average adjusting firm with a major business share of the markets not only in Singapore but also Malaysia, Thailand, Vietnam, and Australia. We are also handling marine claims for clients in Hong Kong, New Zealand, PNG, UK, Europe, India, Bangladesh, Japan, Philippines and China.

In addition to his adjusting role in Singapore, he is in charge of the overall operations of Marine Claims Office, Jakarta and he is also a part Owner there. Today, our Jakarta office is one of the major average adjusting firms in Indonesia and we have five (5) Adjusters working for us and soon we will be employing another Adjuster to handle the increase in our adjusting businesses there.

He is also involved in giving talks to the local Ship-owners, Ship-managers, Insurance Brokers and Underwriters on topics such as General Average, Salvage, Particular Average and Marine Claims in general, etc. He has also been giving similar talks to the Thai Ship-owners Association, Thai Ship-owners, Association of Insurance Brokers, Surabaya, and Jakarta Ship-owners.

Throughout his career in average adjusting, he has gained wide knowledge in handling complex General Average involving piracy, grounding and fire, etc. casualties, Particular Average, Collision and all types of marine hull claims for clients not only in Singapore, but also Japan, Thailand, Hong Kong, China and Indonesia.

For registration, please log on to:

About the Organizer

Established in 1966, the General Insurance Association of Singapore (GIA) seeks to promote development of the general insurance sector and constantly works to make all aspects of general insurance easier and more effective for consumers, agents and insurers based in Singapore.

As a trade association, GIA is actively involved in the business community, representing the interests of member companies, and assists in identifying emerging trends and responds to issues affecting the industry.

The Singapore Maritime Foundation (SMF) was established on 27 January 2004 to facilitate dialogue and cooperation among maritime stakeholders from the public and private sectors. As the bridge between the public and private sectors, SMF aims to provide the industry with a clear and representative voice, and spearhead projects to boost its development.

SMF also organises and participates in a host of maritime events to strengthen the Maritime Singapore brand. To date, SMF has significantly benefitted from strong support from all sectors of the industry which has enabled the organisation to reach out directly to the community for new areas of work to improve the current maritime ecosystem.

Past Events


Inaugural MSC Maritime Digital Challenge Grand Finals Prize Presentation

Over 129 tertiary students across 35 teams took part in the inaugural MSC Maritime Digital Challenge that seeks to plug Singapore students with a passion for technology into the maritime industry.
Students from the Singapore Management University and Nanyang Polytechnic were announced as winners of the challenges posed by Eastport Maritime, Kanda and Torvald Klaveness at the Prize Presentation held on 13 November 2021.

MSC Maritime Digital Challenge 2021

Three challenge statements, 35 teams, 129 students and 12 finalist teams from 4 universities & 3 polytechnics. Catch behind-the-scene highlights of the MSC Maritime Digital Challenge 2021.

Singapore Maritime Foundation | MSC Maritime Digital Challenge 2021

Catch highlights of the MSC Maritime Digital Challenge 2021. We thank Senior Minister of State, Ministry of Transport Mr. Chee Hong Tat for being our Guest-of-Honour at the event.

SMF New Year Conversations 2022: Year-in-Perspective Video

The past two years of learning to live with Covid-19 has been challenging, but Maritime Singapore has remained resilient. What are the fundamental tenets that attract companies to anchor their business in Singapore and grow their operations here? And what more can be done to leverage on Singapore’s strengths to enhance its attractiveness as a global business hub for maritime companies? How will the Singapore Maritime Foundation organize its work around Connectivity, Innovation and Talent to strengthen the maritime ecosystem? Find out in this Year-in-Perspective video.

SMF New Year Conversations 2022: Opportunities Amid Disruptions

The 2022 SMF New Year Conversations that took place on 13 January 2022 was graced by Guest-of-Honour Mr S Iswaran, Minister for Transport & Minister-in-charge of Trade Relations. Over 250 industry leaders across the breadth of maritime attended physically and virtually.
Singapore was announced to have secured the overall top spot as an international maritime centre for the fifth consecutive time in the DNV-Menon Leading Maritime Cities 2022 report.
Thank you to our industry partners for your strong support.

Mr. Lars Kastrup


Mr. Lars Kastrup is the Chief Executive Officer of Pacific International Lines (Pte) Ltd (PIL).

Prior to joining PIL, Mr. Kastrup was CEO of NOL/APL, and subsequently assumed the role of Executive Vice President, Strategy and M&A at CMA CGM Group. A veteran in the global shipping industry with over 30 years of experience, Mr Kastrup’s other roles include Executive Vice President of Assets at CMA CGM Group heading up CMA Terminals, CMA Ships, Container Logistics as well as regional carriers such as MacAndrews, OPDR and Mercosul; as well as Vice President at AP Moller-Maersk.
Mr. Kastrup complemented his tertiary education with leadership and management training at Penn State University and The Wharton School at the University of Pennsylvania.

Ms. Angeline Teo


Ms. Angeline Teo is the Managing Director and Head of Global Transportation and Offshore, Global Corporate Banking at OCBC Bank which focuses on the maritime, aviation, land & port ecosystems.
Ms. Teo has spent over three decades in maritime finance. Prior to OCBC, Ms. Teo was working at ING Bank, ABN Amro and DnB in Singapore focusing on maritime and offshore.
Ms. Teo graduated from the National University of Singapore with a degree in Business Administration.

Mr. John Martin


Mr. John Martin began his career in London in 1989 with Richards Hogg Lindley Average Adjusters, and qualified as a Fellow of the UK Association of Average Adjusters in 2000.
At RHL he worked in their offices in Australia, Taiwan and Hong Kong. In 2003 he joined Gard Hong Kong, as a claims handler. Mr. Martin also worked in Gard Japan, and in 2014 he moved to Singapore to set up the Gard Singapore office.
Besides running Gard Singapore, Mr. Martin also heads the P&I and H&M claims units and is the Senior Claims Representative for Gard in Asia.

Mr. Cyril Ducau


Mr. Cyril Ducau is the Chief Executive Officer of Eastern Pacific Shipping Pte Ltd, a leading shipping company headquartered in Singapore for the past 30 years.

He is also currently the Chairman of Kenon Holdings Ltd and a member of the board of directors of Gard P&I (Bermuda) Ltd. and of the Global Centre for Maritime Decarbonisation Limited, which was established by the Maritime and Port Authority of Singapore. He was previously Head of Business Development of Quantum Pacific Advisory Limited in London from 2008 to 2012 and acted as Director and Chairman of Pacific Drilling SA between 2011 and 2018.
Prior to joining Quantum Pacific Advisory Limited, Mr. Ducau was Vice President in the Investment Banking Division of Morgan Stanley & Co. International Ltd. in London between 2000 and 2008.
Mr. Ducau graduated from ESCP Europe Business School (Paris, Oxford, Berlin) and holds a Master of Science in business administration and a Diplom Kaufmann.