What appeared to be a quiet protection-and-indemnity (P&I) renewal season has suddenly come to life with a spate of moves, including some where the ink is not yet dry.
A substantial number of ships are on the move ahead of next week’s renewal, confounding expectations of a quieter than usual transition to a new policy year.
This year’s low general increases — more often than not negotiated away — as well as the difficult times facing many shipowners, has led to a slower start to the annual renewal round.
The
