Excellent financial results have been reported by the Shipowners’ Club for the trading year ending February 2011. Positive growth or improvements across almost all parameters have been recorded, from increased tonnage and numbers of vessels entered, to an up-lift on gross earned premiums to US$196.8 million (up 13% on last year) and an underwriting surplus of US$25.2 million. Chairman of the Club, Donald MacLeod puts the recent success of the Club down to the diversity of its Members and the results of organisational changes over the last two years that are now coming to fruition. “Our strong performance coincides with the culmination of a period of change for the Club.