Self-managed Gross Tonnage Owned 90,200,000 Chartered 8,800,000 Standard & Poor’s Rating BBB Free reserves 2023 205,470,000 2022 180,686,000 2021 243,666,000 2020 235,935,000 2019 237,876,000 Vessel tonnage by type Bulk carriers 51% Tankers 31% Car Carriers 8% Container ships 16% General cargo/other 4% KPIs ($’000s) Year 2023 2022 2021 2020 2019 Calls/Premium 246,372 166,551 178,080 183,078…
Tysers P&I Club report: Gard
Managers Gard AS Gross Tonnage Owned 277,000,000 Chartered 95,000,000 Free reserves 2023 1,260,451,000* 2022 1,278,281,000* 2021 1,262,920,000* 2020 1,179,200,000* 2019 1,158,391,000* Standard & Poor’s Rating A+ Tonnage by vessel type Tankers & Gas 37% Bulkers / OBO 31% Containers 17% Dry Cargo 6% Passenger / cruise / MOU / Other 9% Vessel tonnage by geography…
Tysers P&I Club Report: Britannia
Managers Tindall Riley (Britannia) Ltd Gross Tonnage Owned 142,000,000 Chartered 51,000,000 Free reserves 2023 510,032,000 2022 587,895,000 2021 626,855,000 2020 594,388,000 2019 587,561,000 Standard & Poor’s Rating ‘A’ Tonnage by vessel type Bulkers / OBO 34% Crude oil tankers 17% Containers 26% Tankers (other) 17% Cargo / Other 6% Tonnage by geography Asia 43% Scandinavia…
Tysers P&I Report 2023: American Club
Managers SCB Inc (Eagle Ocean Management LLC) Gross Tonnage Owned 22,600,000 Chartered 4,300,000 Free reserves 2023 44,410,000 2022 63,671,000 2021 72,000,000 2020 54,192,000 2019 45,225,000 Standard & Poor’s Rating BBB- Tonnage by vessel type Bulkers 131% Tankers 42% Gen cargo / passenger / container 18% Tugs / Barges / Small craft 9% Tonnage By Area…
Last year was notable for lack of serious marine casualties: Tysers
In its just released state of the P&I market report, insurance broker Tyser said that, apart from the merger between Standard Club and North Of England – reducing the number of International Group Clubs from 13 to 12 – 2022 would mainly be remembered in the P&I sector for the absence of “big” casualties. That,…
Shipowners’ Club books u/w surplus, despite increase in large losses
Shipowners’ Club, which specializes in the smaller and specialist vessel sector, has reported a combined ratio of 98.5% for the first half of the calendar/financial year, which it said was in line with budget. An underwriting gain of $1.8m was driven by a 6% growth in earned income compared to the first half of 2022….
Skuld H1 improves year on year, CR at 90%
Norway-based Group Club and marine insurer Skuld has posted a positive first half to August 20th with a result of $40m, up from $18m during H1 2022/23. The half-year technical result was $2m, up by $9m year on year. “A strong renewal, with growth both in mutual and commercial lines of business, resulted in gross…
Lloyd’s more than doubles H1 underwriting profits
Lloyd’s has reported an underwriting profit of £2.5bn for the first half of 2023, up from £1.2bn for the same period last year. Combined with an improvement in investment returns to positive £1.8bn – compared with a loss of £3.1bn in H1 2022 – that helped the overall number to a profit of £3.9bn, compared…
Gard declares “strong half-year results despite market adjustments”
Norway-based Gard has reported a combined ratio of 99% for the first half of its financial year – which now runs from January to June – resulting in a gain of $59m, of which technical profit (on an Estimated Total Call basis) made up $4m. Other main numbers included: Gard CEO Rolf Thore Roppestad, said…
Market direction appears clearer outside of the A rated clubs
In its recent analysis of the current state of play among P&I Group Clubs, broker Marsh said that West of England P&I (West) had also indicated improved results following its annual general meeting in July, in particular, a CR of 97% for 2022, compared to 114% in 2021. While there may be a divergence of…