London Club increases tonnage

Monday, April 10, 2000
The London P&I Club took on about a million gross tons of new business at renewal on February 20 this year, bringing its total entry to thirty million gross tons. In all, over the course of the 12 months leading up to renewal, the Club has grown by more than two million gt. In addition, it currently has newbuildings entered for Freight, Demurrage & Defence risks amounting to 2.3m gross tons. Additions included five vessels from Worldwide Shipping, five from Tomasos Bros, and four from Iris Lines. There was also an influx of new business from existing members. Transmed transferred five vessels, Shun Tak fourteen, Gemarfin ten, Fafalios three, and Norland one. In addition, the Club declined to renew a total of 110,859 tons of shipping as not meeting its standards or its premium rating requirements.

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