YEARLY RESULTS SHOW GROWTH AND LONG-TERM STABILITY

摘要

Specialist P&I mutual Shipowners' Club has achieved a very good result for the financial year ended February 2013 "in spite of still difficult economic conditions and an increasingly competitive market". The Club, which serves the smaller and specialist vessel sectors around the world, saw the number of vessels entered grow by some 4.6% in the year to nearly 33,000, their total tonnage rising by 10.8% to 21.9 million GRT. This led to a 5.8% increase in gross premiums of USD221.9 million. The Club's annual report emphasised that the increase in premium had been achieved through organic growth without the need for substantial general increases.