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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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
‘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
‘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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