Somali pirates seize tanker off Yemen and steer it towards Puntland
Thomas Miller’s Shareholders Accept Acquisition Offer by UK P&I Club and TT Club
London, 13th July 2026: UK P&I Club and TT Club have announced their joint offer to acquire Thomas Miller Holdings has received strong shareholder support, with acceptances in excess of 89%. The acquisition offer was made to shareholders on 18…
Directors’ Report & Financial Statements
Directors’ Report & Financial Statements
For the year ended 20 February 2026
OFAC REVOKES GENERAL LICENSE AUTHORIZING CERTAIN TRANSACTIONS INVOLVING IRANIAN-ORIGIN OIL AND PETROLEUM PRODUCTS
JULY 8, 2026 CIRCULAR NO. 15/26 TO MEMBERS OF THE ASSOCIATION Dear Member: OFAC REVOKES GENERAL LICENSE AUTHORIZING CERTAIN TRANSACTIONS INVOLVING IRANIAN-ORIGIN OIL AND PETROLEUM PRODUCTS Reference is made to Circular No. 14/26 of June 24, 2026, concerning the U.S…
06/2026 Release calls and open policy years
Member Circular No. 06/2026 1 July 2026 The Association’s Board of Directors, and the Boards of its subsidiaries, have determined that the following procedures and factors shall be followed when determining the Release Call percentages and the collection of Release…
London P&I extends growth in business volumes, revenues and free reserves to continue positive multi-year momentum
London P&I is pleased to announce its financial results for 2025/26, reporting an operating surplus of US$21.2m, increasing year-end free reserves to US$192.4m.
The results followed an increase in the club’s premium base across both mutual and fixed P&I product lines, with gross premium income increasing 8% to reach US$172.9m. Entered tonnage across all geographies also rose during the year to over 80m GT.
Aries Marine Hosts Exclusive Industry Gathering in Porto Heli during Posidonia 2026
As part of the Posidonia 2026 celebrations and networking events, Aries Marine Insurance Brokers organized an exclusive weekend gathering in Porto Heli, bringing together valued business partners and close associates from Greece, London, and other key maritime markets. The event…
Steamship Mutual Publishes 2026 Management Highlights, Demonstrating Strength, Stability and Member Focus in a Challenging Market
Steamship Mutual has released its Management Highlights 2026, showcasing a year defined by resilience, disciplined decision-making and unwavering support for Members amid heightened claims activity, geopolitical uncertainty and an increasingly complex operating environment. The publication highlights the Club's continued financial strength,…
