Portfolio management

The UK P&I Club has successfully completed P&I renewal for 2024. Its focus has been on portfolio management, providing strong support to the Club's high-quality membership and a fair outcome for all members. The Club's consistent approach saw positive gains from its core Mutual membership and its overall year-on-year growth in entered mutual tonnage was approximately 2 million gt. The Club also saw an excellent volume of newbuilding commitments from current and new members. The Club's robust underwriting and focus on fairness across the book has resulted in the departure of some under-performing tonnage.