Panama Canal in bid to help owners reduce costs

New measures providing cost-reduction for owners have been set in place by the Panama Canal Authority (ACP) in an attempt to help alleviate the financial strain on customers during the global recession. Involving modifications to the Reservation System to increase flexibility and reduce costs and a redefinition of ballast for full container vessels transiting the […]

London Club continues to build on quality growth

THE London P&I Club’s mutual entry has continued to increase despite a period of unprecedented economic turmoil and turbulence in the shipping industry, and now stands at over 39m gt. Michael Hill, Underwriting Director of the London Club’s management team, A Bilbrough & Co, said:“There is no room for complacency, but it is encouraging to […]

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