From the News Desk: Pain and renewal
Insurers’ payments to their risk-sharing pool are becoming so steep that they are determined to pass on the costs
The bill for 2020’s spate of huge casualties is due on February 20, the deadline for P&I contract renewal talks. Shipowners can expect some haggling as always, but this year the clubs are serious about rate rises
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Iran-linked shipowners list little-known ‘East of England’ P&I Club for tanker cover
Numerous attempts have been made to contact East of England management office in Cyprus on the only telephone details provided, a 24-hour emergency number. There was no response to several emails
High-profile box spills double normal annual total
‘These events highlight some engineering complication while moving boxes on larger ships while weather patterns are constantly getting more aggressive,’ argues Falvey Cargo Underwriting’s senior vice-president for Canada Isabelle Therrien
P&I clubs taking tough line in renewal, say chief executives
‘We cannot run away from what is happening in the pool in the last three years. We have not seen such an accumulation for many, many years. It has to be paid,’ warns Lars Rhodin
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