London Club Achieves Income Targets
The London P&I Club achieved its premium income targets during the renewal negotiations completed on February 20. It now has a total fleet entry of more than 30 million gross tons, covering all categories of membership. Major new entries in the Club included fourteen bulk carriers operated by Petros Pappas' Sentinel Marine Services in Greece. additional vessels with the Club. As in previous years, the Club declined to insure a significant amount of tonnage which did not meet its stringent quality requirements. The London Club has traditionally pursued a policy of selective, quality expansion and strategic investment. For the period between February 1997 and February 2001, it enjoyed the best average investment return of all clubs in the International Group of P&I Clubs.
London Club achieves premium income targets
negotiations completed on February 20 this year. membership. Petros Pappas' Sentinel Marine Services in Greece. additional vessels with the Club. tonnage which did not meet its stringent quality requirements. expansion and strategic investment. the International Group of P&I Clubs. increases in premium income this year. been achieved in recent years".
