Class War breaks out at Posidonia

A significant number of shipowners using the PRS are expected to be in the market for a new classification society as charterers, insurers and bankers often require IACS class.

There could be a "feeding frenzy" for the more attractive tonnage in PRS one source told TradeWinds.

The decision to eject PRS from IACS over the Leader L, an elderly Panamax bulk carrier which sank with the loss of 18 crew members in March, could not have come at a worst time for the hard pressed Polish Society.

Posidonia,