London Club Continues to Expand Membership

Tuesday, March 25, 2008

The P&I Club recorded a growth of nearly two million gross tons in its book of owners’ P&I business during the 2007/8 policy year, increasing the total mutual membership to approximately 37.5 million gross tons. In addition, the Club’s portfolio of charterers’ entries - cover for which has been enhanced by the development of a flexible combined single limit facility - brought the ’s overall tonnage to nearly 40m gt.
During the course of the year, the Club welcomed new members, including Dong Guan Haichang Shipping Co, Epic Shipmanagement, Free Bulkers, Global Ship Lease, Grand China Logistics Holding Co, Hellenic Star, Maritime Capital Partners, MSI Ship Management Pte, Neptune Lines, Primal Shipmanagement, Trans Asian Shipping Services Pvt, and Tristar Management. And, at the same time, a number of existing members moved further tonnage into the Club, including COSCO (HK) Shipping Co, Liquimar Tankers, and Vinashin Maritime.


News

China COSCO falls to H1 net loss

China COSCO Holdings Co Ltd fell to a first-half loss hurt by a persistent slump in the global container market, the world's fourth largest container shipper said on Thursday.

Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

J.F. Lehman Acquires Heavy Equipment Group of Oldenburg Group

J.F. Lehman & Company (“JFLCO”) has signed a definitive agreement with Oldenburg Group Incorporated to acquire its Heavy Equipment Group, including both its defense and mining business units.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1833 sec (5 req/sec)