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Shipowners’ Club sees $38m deficit as combined ratio tops 104%

The Shipowners’ Club has seen its combined ratio slip out to 104.2% in the year to December 31 2018, and has clocked up a $38m deficit, according to its annual report

‘The challenges we have faced have not entirely vanished, but we believe that 2018 will prove to have been a turning point for the P&I market generally, even if not for certain sectors of our membership,’ says smaller vessel specialist P&I provider

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