P&I clubs warn of record $550m losses
The increase in P&I claims across the shipping industry has made heavy demands on the International Group of P&I Clubs’ pool.
Pool claims on the 2006/7 policy year which ended on February 20th are expected to be the worst for 15 years.
A record payout of more than US$550m by the clubs is envisaged. Further, the Pool claims
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