Technical Feature - P&I Clubs: Perils Ahead!
Source: Asia Insurance Review | Jan 2009
It is a time of plummeting earnings for shipowners compounded with a dismal investment climate. In this Technical Feature, eight P&I Clubs talk about the need to focus on underwriting results, proper pricing of risks, strengthen their financial positions and giving best service to their members. There is also a report from the 34th AGM of the Federation of ASEAN Shipowners’ Associations wherein members expressed deep concern about the increased hijacking scenario in the Gulf of Aden.
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