The Club is a member of the International Group of P&I Clubs which represents over 90% of the world’s ocean-going tonnage. Group members participate in common reinsurance programmes and share larger claims. The International Group provides a voice for vessel owners’ views on legislation, conventions and regulations that impact upon their operation.
As a mutual association, the Club is owned and governed by its Members. Members share risk and operate on a non profit-making basis. The board of directors is drawn from the membership. Underwriting, claims and loss prevention services are provided by the Managers of the Club.
We have a wide spread of Members across a range of vessel types, operating sectors and geographical areas. This brings stability to the Club. Insurance is made available to the following vessels types: barge, cargo, dive, fishing, harbour, offshore, passenger/tour boat, tanker and yacht. Building on over 160 years of experience, the Shipowners’ Club works closely with Members and their brokers to provide tailor-made insurance packages for each operator according to their particular need.
On Wednesday, Saudi officials displayed what they described as drone and missile wreckage from last weekend's attacks on the Abqaiq oil processing complex.
South Korea’s Daewoo Shipbuilding and Marine Engineering has received an Approval in Principle (AIP) from classification society ABS for its 165,000 cbm jumbo ethane/ethylene carrier design.
The attack on Saudi Aramco's sprawling Abqaiq oil terminal has created a backlog of nearly a dozen tankers awaiting loading at Ras Tanura and Juaymah, a small increase from normal levels seen in recent weeks, according to Reuters.
A drone attack on two of Saudi Aramco’s oil facilities in Saudi Arabia on Saturday has threatened global oil supplies.
The National Transportation Safety Board (NTSB) has released its preliminary factfinding report into the circumstances surrounding the loss of the dive boat Conception, which burned and sank in the early hours of September 2 off Santa Cruz Island. 34 people lost their lives in the accident, putting it among the ranks of the deadliest civilian marine casualties in recent U.S. history.
Rescue workers on Monday freed the final crew member trapped inside a South Korean cargo vessel that flipped on its side off the coast of Georgia, the U.S. Coast Guard said.