The London P&I Club: 2022/23 Financial Year Result & Overview
[ The London P&I Club: 2022/23 Financial Year Result & Overview ]
EU-flag requirement starts to bite for Greeks as new law kicks in
Hellenic shipowners will henceforth have to make sure the share of their vessels flying European flags does not decline. For every vessel that Greek shipowners put under one of the usual international registries based in the tropics, they will soon…
Skuld’s ‘A’ rating affirmed by S&P
Standard & Poor's (S&P) has affirmed its 'A' rating on Skuld. The Club’s outlook is stable. For further info, please see the relevant press release here https://www.skuld.com/about/-/press-releases/2023/sp-affirms-skulds-a-rating-with-stable-outlook/
Swedish Club looks to build its core business in uncertain times
New boss Thomas Nordberg turns to digitalisation to make its business more resilient. Thomas Nordberg is hosting his first annual general meeting as managing director of the Swedish Club after six months in charge, in which he has already made…
Japan Club records increase in reserves for 2022 business year
After a couple of years of depressing results caused by higher-than-acceptable claims levels, Japan Club on June 14th reported that for the 2022 business year it had achieved a net premium income increase of ¥13.50bn in 2021 to ¥30.31bn in…
Tanker rates from Nigeria rise; owners steering clear
Nigeria’s recent puzzling actions in terms of detentions and back-tax notifications have had what might have been seen as a predictable effect. Shipowners are staying away. The cost of shipping oil from Nigeria has increased dramatically to its highest for…
Nigeria imposes back-taxes on “surprised” tanker owners
Tanker owners operating in or near Nigeria have not been having a happy time of things recently, and another potential problem has arisen via newly-assessed back taxes, reported Intertanko. Bloomberg cited at least two tanker owners as having received requests…
Britannia Club – Annual Report and Financial Statements
Britannia Club reports a strong 20 February 2023 renewal with significant growth in owned tonnage. Indeed, the Club’s underwriting result has improved, as the combined ratio has dropped to 106.6% from 116.4% the year before. That being said, the Club…
Steamship Mutual – Management Highlights 2023 policy year
Steamship Mutual has released its combined financial statement, reporting a 5% tonnage growth during the 2022/23 policy year and a combined ratio of 95.4%. Premium exceeded budget expectations and 2022/23 claims were significantly lower than what experienced in recent years.…
The Swedish Club 151st AGM 2023 kicked off in more ways than one
The Swedish Club 151st Annual General Meeting (AGM) kicked off, in more ways than one, as more than 200 members and guests prepared to join for two days of networking, knowledge-sharing, and recreation. Early arrivals gathered to watch the eagerly…
