The Tysers broking group has called for fairer treatment of owners of older ships that have not benefited from competition for new tonnage.

In a state of the protection-and-indemnity (P&I) market report, Tysers says it is not expecting general increases at the February 2018 renewal but instead anticipates further premium returns from P&I clubs, luxuriating in what the broker calls an “embarrassment of riches”.