The strategy is for the Seoul-based insurance mutual to aim at annual growth of 15% and potentially move beyond being a pure-play P&I club.
Cido, which began to move tonnage to KPIC in 2012 and already has a director, Jung In-gyu, on the club’s board, entered another seven vessels at the February renewal.
KLC, which also has a director, Kim Chil-bong, on the KPIC board, moved further crew cover with the result that the entire seafarer liabilities of this owner is now with the club.
