Steamship Mutual Publish 2013 Management HIghlights
Wednesday, June 26, 2013
Gary Rynsard, CEO

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.

Summary of Results

•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%.

The complete management highlight can be viewed online at, and  the company report and accounts can be viewed at

  • Heinrich Schoeller, Chairman

    Heinrich Schoeller, Chairman

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

It's All in the Planning

Continuing voracious demand for mined materials in China, India and other developing nations has led to an associated requirement for increased bulk terminal capacity

RINA Launches Competence Management System Certification

International classification society RINA Services has launched a new Competence Management System certification which it says helps ship owners and managers to

Horizon Awarded for GORHEAD Software

Horizon Shipbuilding, Inc. of Bayou La Batre, Ala., has been presented with the 2015 “Innovator of the Year” award by the Mobile Alabama Chamber of Commerce for


Trucks Carrying Turkish Exports Blocked at Russian Border

Around 1,250 trucks carrying Turkish exports have been blocked from entering Russia and are stranded at border posts awaiting clearance, a senior shipping industry

PCC Fleet Gowth Decelerates

Last year PCC (Pure Car Carrier, including Pure Car & Truck Carrier) sector demand growth appeared to have stalled, and the indicators suggest that there hasn’t

Terex Cranes for ICTSI

Terex Port Solutions (TPS) has received an order from a subsidiary of International Container Terminal Services, Inc. (ICTSI) in Iraq for two Terex shiptoshore

P&I Clubs

Indonesia Ferry Hits Trouble, 97 Rescued

Almost 100 people were rescued when a ferry sailing towards Singapore from the Indonesian island of Batam hit a floating object and reportedly started to sink, authorities in the city-state said.

North Group Increases Projected Free Reserve

Directors of the North P&I Club and Sunderland Marine Insurance Company (North Group) have revised their projection for the group’s year-end free reserve up to $380 million,

American Club Announces 2.5% Increase

At its meeting in New York on November 20, the American Club’s board resolved to levy a general premium increase of 2.5 percent for P&I cover, but no increase in

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pipelines Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Winch
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: 0.0708 sec (14 req/sec)