The Steamship Mutual has announced their General Increase for 2020/21, set at 7.5% for P&I and FD&D, with an uplift of USD2,000 in lower level P&I deductibles.

At the same time, the Club has also decided to return 7.5% of 2019/2020 mutual P&I premium to their Members, for vessels renewing in 2020. This represents around USD17 million capital redistribution.

Release calls have been confirmed for P&I and FD&D as follows:

2017/18: 0%

2018/19: 0%

2019/20: 10%

2020/21: 10%

The Club’s circular is available here.