P & I Club Hikes?

Tradewinds reported, in the 30 October edition, the largest protection and indemnity (P&I) club-Norway based Gard- is not seeking a rate increase come the February renewal.

Despite a reported increase in piracy it seems claims are either leveling out or the clubs are rife with cash. Regardless of the situation, Amver ships insured by Gard are probably grateful rates will hold.

What are the chances the other clubs will follow suite?