P&I renewal round: The winners and losers

This episode of the Lloyd’s List Podcast is brought to you by Veson. Find out more at www.veson.com/decarb-guide The 2024/2025 P&I policy year came to a close as it always does on the stroke of midday on February 20, marking the culmination of the annual ritual known as the renewal round. The hard deadline is the date by which 85% to 90% of the world fleet must seal its maritime liability insurance cover for the coming 12 months. Admittedly, it wasn’t an earth-shattering experience. NorthStandard managing director Jeremy Grose even characterised it to me as – in his words - a low-excitement renewal. A number of clubs have proudly proclaimed health growth in entered tonnage, well in excess of the growth in the world fleet. Mathematically, that means there must be losers among the 12 affiliates that make up the International Group of P&I Clubs. But no-one has publicly admitted any shrinkage yet. There were few dramatic moves between clubs, at least that we know of. If anybody emerged as the winner, it was Norway’s Skuld, which picked up business from some big name owners, including SK Shipping, CMA CGM and Oldendorff. There were also suggestions that two British clubs came under a bit of pressure, which may be reflected when they eventually unveil their underwriting positions. But it seems a good time to take stock of what is going on in the sector. David is joined on this week’s episode by: Thomas Nordberg, chief executive, The Swedish Club Julian South, managing director, Wilson Europe Sachin Bhojani, associate director, S&P Global Ratings

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(489)

Unlocking port performance: rethinking capability, infrastructure and towage operations

As chief executive of international towage and marine services company Svitzer, Kasper Friis Nilaus has identified opportunities to improve performance at many ports where the company operates. In thi...

15 Sep 19min

Do you take weather risk seriously? Part One

This episode of the Lloyd’s List Podcast is brought to you by Veson ASK the compliance team of a major shipping company what the biggest risk to their business is and they might say its sanctions. As...

14 Sep 18min

Is Somali piracy back?

This episode of the Lloyd’s List podcast is brought to you by Veson. To find out more visit www.veson.com FIFTEEN years ago, Somali piracy was one of the biggest stories in mainstream news, not just ...

7 Sep 18min

Lloyd’s List Top 100 Container Ports 2026: Why resilience beats scale

In previous editions of the Lloyd’s List Top 100 Container Ports, scale has been king. The more boxes you can handle, the higher up the rankings you will be. But in 2026, the ability to adapt, solve...

1 Sep 17min

How International Seaways navigates today’s historic tanker markets

This episode of the Lloyd’s List podcast is brought to you by Wirana THERE is plenty of risk in the tanker market today. The Strait of Hormuz, Red Sea and Black Sea have become very dangerous places...

28 Aug 27min

Unchanged Gulf situation hampers recycling market

This episode is brought to you by Wirana This second episode of a year-long series by the Middle East Vice President and Green Recycling Coordinator at the Singapore-based cash buyer Wirana, Hitesh V...

26 Aug 19min

Strait of Hormuz: Where are the off ramps coming from?

SHIPOWNERS have stopped asking when the strait of Hormuz is going to open. Instead, they’re asking if it will open by the end of the year, or even further into the future. Military escalation might...

20 Aug 17min

Is the container the most important invention of the last 100 years?

IN 1956 the SS Ideal X sailed from New Jersey to Houston with 58 containers on board, marking the birth of modern commercial container shipping. Malcom McClean’s vision of unitized, efficient and rel...

10 Aug 14min