The Shipowners P&I Club has announced 5% General Increase in Premiums for 2022 renewal, in line with last year’s position. Members with adverse records will face risk specific adjustments but as per previous years, the Club will continue to absorb any change in the IG GXL reinsurance programme, notwithstanding the significant increase anticipated.

The Club is maintaining its approach of not charging Release calls.

The Club’s circular provides full details of the Board’s position.