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.