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?
No comments:
Post a Comment
We welcome your comments on postings at all Coast Guard sites/journals. These are sponsored by the U.S. Coast Guard to provide a forum to talk about our work providing maritime safety, security and stewardship for the American people to secure the homeland, save lives and property, protect the environment, and promote economic prosperity.
All comments submitted are moderated and will be reviewed before posting. The Coast Guard retains the discretion to determine which comments it will post and which it will not. We expect all contributors to be respectful. We will not post comments that contain personal attacks of any kind; refer to Coast Guard or other employees by name; contain offensive terms that target specific ethnic or racial groups, or vulgar language. We will also not post comments that are spam or are clearly off topic.