Welcome to the Propeller Club of Monaco!


Onboard the online edition of the Propeller Club Monaco we would like to stay loyal to our mission of supporting the local shipping community with an interactive platform for knowledge exchange on subjects of interest to the shipping world.

Upcoming Event

28th Feb 2019: Ship Financing
Mr. Paul Packard - Managing Director, Merchant Prospect Limited

Over the past 30 years the ship financing landscape has changed beyond all recognition, this has been especially evident in the last 10 years.
The financial crisis and subsequent shipping downturn combined with poor lending decisions led to significant non-performing loan portfolios and increased oversight, regulation and capital adequacy requirements, creating a perfect storm for traditional ship finance banks.
This has resulted in a multitude of lenders retrenching, either by exiting the business completely or scaling back their operations.
It is not all bad news though as the vacuum left has begun to be filled by a combination of alternative lenders, leasing companies – especially from China, and new or re-emerging banks.
In this presentation we will discuss the reasons that traditional banks have exited the sector, identifying significant players that have departed and those that remain.
We will also cover the new sources of finance that have come into the market in recent years, be they lessors or lenders.
Typical terms provided by lenders today will be outlined, together with what Borrowers are currently expected to provide in order to access finance.
We will conclude by attempting to provide expectations for the future development of Ship Financing with the opportunity for questions and answers

21st Mar 2019: Modern Ship and Digitalization
Mr. Trond Hodne, Senior VP Sales and Marketing and Mr. Tore Torvbraten, Director of Class Development, DNV GL

Tore will talk on how digitalization will drive quality and efficiency in shipping and classification. The presentation will give examples of how class will work together with the industry to modernize the way the industry is working.
New technologies will open up for new ways of working and create opportunities for safer operation of ships with use of less resources.

When Trond will focus more on how this digitalization can transform ship operations and a likely industry development and use some concrete examples on what some owners/charterers are working on.

25th Apr 2019: 2020 Market Update
Mr. Lars Robert Pedersen - Debuty Secretary General/COO,BIMCO
16th May 2019: Legal
Mr. Pietro Palandri - Mordiglia
13th Jun 2019: Summer cocktail
26th Sep 2019: Market outlook for offshore and renewables
Mr. David Nicholls - Business Development Director, SBM Offshore
17th Oct 2019: October event
14th Nov 2019: November event
12th Dec 2019: Christmas cocktail