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Steamship Mutual Publish 2013 Management HIghlights

Steamship Mutual P&I Club has released its 2013 Management Highlights. This includes an introduction from the Club’s Chairman, Heinrich Schoeller, and a statement from the CEO, Gary Rynsard. •Free reserves reduce by 3.25% to $286.21 million. •Total entered tonnage rises to approximately 102.3 million GT. •Number of claims falls but average cost increases, in particular for larger claims. •Most expensive year on record for Pool claims. •Combined gain on investments of $27.01 million, 3%.