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Polemis company leaves American Club as P&I providers confirm firmer pricing

Adam Polemis’ New Shipping has parted company with the American Club, making it one of the few sizeable operators to switch P&I provider ahead of this year’s renewal deadline at noon today, which has seen a slight hardening in rates

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‘The reduction in rates seen over recent years has been arrested and reversed, as planned, this being an important step to address the imbalance in risk exposure/premium created by the prolonged soft market’ — London’s Ian Gooch

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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