Directors

 Chairman of the Board    
 Mr. Xu Lirong China COSCO Shipping Corporation Limited Former Chairman
 Vice Chairmen of the Board    
 Mr. Xie Chunlin China Merchants Energy Shipping Co. Ltd. Former Chairman
 Mr. Wang Yanping Fujian Guohang Ocean Shipping (Group) Co., Ltd. Chairman & President
 Directors of the Board    
 Mr. Yang Zhijian COSCO Shipping Lines Co., Ltd. Chairman
 Mr. Gu Jingsong COSCO Shipping Bulk Co., Ltd. Chairman
 Mr. Ren Yongqiang COSCO Shipping Energy Transportation Co., Ltd. Chairman
 Mr. Wang Yongxin China Merchants Energy Shipping Co. Ltd. Managing Director
 Mr. Zhang Jinti Hong Kong Ming Wah Shipping Co. Ltd. General Manager
 Mr. Xu Tao Shandong Shipping Corporation Deputy General Manager
 Mr. Liu Hongjun Associated Maritime Company (Hong Kong) Ltd. Managing Director
 Mr. Ye Jianping Orient Overseas Container Line Limited Chief Operating Officer
 Mr. Chen Wei COSCO Shipping Specialized Carriers Co., Ltd. Chairman
 Mr. Chen Bing Seaspan Corporation Chairman, President & CEO
 Mr. Lawrence Kwai Ocean Longevity Shipping & Management Co., Ltd Vice President
 Mr. Chen Xiangwang Nanjing Ocean Shipping Co., Ltd. General Manager
 Mr. Xiong Jianfeng China Development Bank Financial Leasing Co., Ltd. Executive Director, Ship Leasing Division
 Ms. Celia Chew Cheng Xin Ship Management Pte. Ltd. Director & General Manager
 Mr. Gao Yixin Jiangsu Huaxin Ship Management Co., Ltd. Chairman
 Mr. Yang Xianxiang SITC International Holdings Co., Ltd. Vice Chairman, Executive Director & CEO
 Mr. Zhu Dezhang Chinese-Polish Joint Stock Shipping Company General Manager
 Mr. Liu Gengbao HTM Shipping Co., Ltd. Chairman
 Ms. Si Liang Shanghai Junzheng Logistics Co., Ltd. Deputy General Manager
 Mr. Xue Chaochun Greathorse International Ship Management Co., Ltd. Chairman
 Mr. Teo Siong Seng Pacific International Lines Group Executive Chairman
 Mr. Chavalit Frederick Tsao IMC Group Chairman
 Mr. Song Chunfeng China Shipowners Mutual Assurance Association Managing Director

Chairman’s Statement

     Chairman’s Statement

The earliest P&I Club could be traced back to the Mutual Hull Insurance Association formed in 1719 by British shipowners. After 300 years, P&I Clubs have now become an integral part of the global shipping industry. In 1984, China Shipowners Mutual Assurance Association (China P&I Club, CPI or the Association) was founded under the approval of the State Council of China, laying the cornerstone of China’s P&I industry and marked the founding of China’s very own P&I Club. Despite a late start, the mutual insurance industry in China developed rapidly. In terms of total entered tonnages, China P&I Club’s has grown from only 470,000 GT to over 62 million GT. Over the past 35 years, as the only P&I Club in China and developing countries, China P&I Club has not only achieved a similar entered tonnage with that of the IG Clubs, but also preceded all P&I Clubs in the world in terms of total net free reserves and free reserve per GT.

As the largest insurer of P&I risks in China and an extremely specialized association, China P&I Club adheres to the concept of "talent brings development" and has fostered a highly qualified team with professional skills over the years. China P&I Club now provides traditional P&I covers, Marine Hull, War Risks, Charterer’s Liability covers and FD&D covers to both Chinese and international shipping communities, and has become an important force that supports China’s shift from a big shipping country to a powerhouse in the international shipping industry. Looking back on the past, we are full of pride. Looking forward to the future, we are filled with great expectations. The new Board of Directors will carry on the Association’s strategy of "internationalisation, market-orientation and professionalism" and make China P&I Club a world-class club that provides high-quality marine insurance services to shipping communities around the world.

“In no risk we fear, in the same boat we are”. In the era of globalization and China’s “Maritime Silk Road” initiative, China P&I Club will stand with you for a brighter and more promising future.

About Club

 

Overview

China Shipowners Mutual Assurance Association (also known as China P&I Club, CPI), founded in Beijing on 1 January 1984 under the approval of the State Council of the People’s Republic of China, is a non-profit mutual marine insurance organisation. The Association upholds and protects the interests of its members in accordance with applicable laws, rules, international conventions, and regulations. The Association is registered as a social organisation at the Ministry of Civil Affairs, PRC and under the operational guidance of the Ministry of Transport, PRC.

The Association has set up China P&I Management Co., Ltd. as its Managers who undertakes the management of the day-to-day affairs of the Association and established a comprehensive operational structure with its headquarters in Shanghai and regional branches in Beijing, Dalian, Qingdao, Guangzhou, Hong Kong, London, and Singapore.

Products and Services

China P&I Club provides its members with a package insurance solution, which includes one-stop claims handling service and a variety of insurance products such as P&I, Hull & Machinery, FD&D, Charterers Comprehensive Cover, War Risks Cover, and Marine Delay Insurance. After 40 years of experience, it has grown to become a P&I Club with global recognition.

The Association is now the largest P&I insurer in China with over 88 million GT P&I Entered Tonnage, ranking 9th among its global peers. The Association has also achieved significant growth in mutual hull business, now established as one of the leading underwriters in the market.

Meanwhile, the Association has set up a global network of 485 correspondents with long term co-operations deployed in over 140 countries and regions. This highly efficient and responsive network provides Members with immediate and professional assistance in terms of underwriting, claims handling, loss prevention and compliance. Over the years, China P&I Club has been engaging and developing the best talent and has built a managing and service team with adequate qualification and advanced expertise.

Members

The Association now has 193 Members including prestigious shipping and financial leasing companies both at home and abroad, such as China COSCO Shipping, China Merchants Group, Fujian Guohang Ocean Shipping, Shandong Shipping, Seaspan, OOCL, Ocean Longevity, Nanjing Ocean Shipping, China Development Bank Financial Leasing, Cheng Xin Ship Management, Jiangsu Huaxin Ship Management, SITC, Shanghai Junzheng Logistics, Chinese-Polish Joint Stock Shipping, HTM Shipping, Greathorse, PIL, IMC, CMA CGM, Minsheng Financial Leasing, Winning International Group, and etc.

Global Development

While focused on providing quality services to existing Members, the Association has also been actively exploring the global market to a point where the proportion of international tonnages has seen steady increases in recent years. Guided by the strategy of “professionalism, market-orientation, internationalisation and digitalisation”, the Association integrates international practices in corporate governance and market development, and strives to provide professional, efficient, high-quality and reliable services to Members worldwide.

A- A.M.Best

Financial Strength Rating: A-(Excellent)

Outlook: Stable

88.52 million GT

Entered Tonnage(P&I)

1929 vessels

Entered Ships(P&I)

1097 vessels

Entered Ships(H&M)

a- A.M.Best

Long-Term Issuer Credit Rating: a-(Excellent)

Outlook: Stable

457 vessels

Entered Ships
(Charterers Comprehensive Cover)

436 vessels

Entered Ships(FD&D)

As at 20 February 2024

 

1984

China Shipowners Mutual Assurance Association was founded

On 1 January, China Shipowners Mutual Assurance Association was founded in Beijing under the approval of the State Council of the People’s Republic of China, with 3 members, 50 entered ships and 470,000 GT entered tonnage.
1994

China P&I Services (Hong Kong) Ltd. was established

China P&I Services (Hong Kong) Ltd. was established.
1995

The Investment Department was set up

The Investment Department was set up, and as one of the founding investors, the Association participated in the founding of China Minsheng Bank
1997

The Dalian Branch was set up

The Dalian Branch was set up.
1998

The Association set up its marine hull facility and started to provide marine hull insurance covers for members

The Association set up its marine hull facility and started to provide marine hull insurance covers for members.
2004

Total entered tonnage exceeded 10 million GT

Total entered tonnage exceeded 10 million GT.
2009

Total entered tonnage exceeded 20 million GT

Total entered tonnage exceeded 20 million GT.
2011

Total insured value of marine hull Insurance exceeded US$5 billion

Total insured value of marine hull Insurance exceeded US$5 billion.
2012

Total entered tonnage exceeded 30 million GT

Total entered tonnage exceeded 30 million GT.
2015

The Association signed a Memorandum of Strategic Cooperation with Shanghai Municipal People’s Government

The Association signed a Memorandum of Strategic Cooperation with Shanghai Municipal People’s Government.
2016

China P&I Management Co. Ltd. was established

China P&I Management Co. Ltd. was established.
2016

Total entered tonnage exceeded 40 million GT

Total entered tonnage exceeded 40 million GT.
2017

CPI Services (UK) Ltd. was established

CPI Services (UK) Ltd. was established.
2017

Total entered tonnage exceeded 50 million GT

Total entered tonnage exceeded 50 million GT.
2017

China P&I Club’s managing headquarters transferred to Shanghai

China P&I Club’s managing headquarters transferred to Shanghai.
2018

Total entered tonnage exceeded 60 million GT

Total entered tonnage exceeded 60 million GT.
2020

CPI (SGP) Services Pte. Ltd. was established

CPI (SGP) Services Pte. Ltd. was established.
2020

The Qingdao Branch was set up

The Qingdao Branch was set up
2020

The Guangzhou Branch was set up

The Guangzhou Branch was set up.
2021

Total entered tonnage exceeded 70 million GT

Total entered tonnage exceeded 70 million GT.