Who won the P&I race?

As the deadline passed to renew protection and indemnity cover this week there were big winners and losers in the tonnage stakes.

TradeWinds reports on fleets on the move and which clubs grew and which contracted.

The Britannia and North of England clubs, both top performers for years, have lost substantial tonnage in one of the most turbulent renewals of recent years.

But Norwegian mutuals Skuld and Gard along with the UK Club appear to be big tonnage winners.

But tonnage though the most visible and immediate outcome to the renewals is only part of the picture.

Only time will tell if Britannia and the North of England have made the right call in taking tonnage pain for financial gain.

Read the full story in the latest edition of TradeWinds available now on both our e-reader and the mobile ‘app’ version.

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