“This was a Saudi jurisdiction claim where you could not guarantee the outcome. If the club had dug in its heels, it could have gone down in the Saudi courts for $200m.”

Andrew Bardot of the International Group of P&I clubs explains why it is not a good idea to be over a barrel in certain parts of the world.

(Saudi Aramco wins $135m club deal for OSV damages)

“Greek shipowners should participate in the public burden according to their potential.”

What