P&I Clubs in Unison with Hefty 2022 Renewal Rate Hikes

November 11, 2021

Dr. Grahaeme Henderson OBE, a leading thought leader and spokesperson in the shipping industry has specifically referenced safety incidences as having an impact on rising P&I Clubs premiums.

The P&I Clubs are now announcing their 2022 renewal plans with hefty rates. These are hidden costs of incidents where Ship Owners believe the costs may be covered by insurance. However in the end, everyone will be paying for greater insurance premium rises with Shipping CFOs having to budget even more for next year. More details may be found in the Splash article.

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