P&I premiums in new cycle of hardening, says Skuld
Shipowners face several years of successive price hikes for P&I cover, as rates have hit a point where even this year’s hefty increases are not enough to restore break-even footing, argues club chief executive
‘Clubs are not a break-even game anymore. We are regulated insurance companies, like all the others, with strict requirements for capitalisation and the regulations we adhere to,’ says Stale Hansen
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