North P&I and Sunderland Marine Merge

North of England P&I Association (North) and Sunderland Marine Insurance Company Limited have merged to form the North Group following approval by the Bank of England’s Prudential Regulatory Authority and other UK and overseas regulators.

2014.03.07 - North P&I and Sunderland Marine Merge

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P&I Market Share for 2011 and 2012

More than 90% of the world’s oceangoing tonnage is insured by the mutual P&I Clubs that are members of the International Group of P&I Clubs (IG P&I Clubs). The results this year reveal that The Japan Ship Owners’ Mutual and the UK P&I Club continue to dominate the market with 12.09%, and 12.03% of the global fleet respectively. In addition, The North of England and Gard P&I Clubs have increased their overall market share and now have an almost equal share of the global fleet standing at around 10.3%.

2013.11.26 - P&I Market Share for 2011 and 2012 Figure 1

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Equasis 2011 Annual Report Published

Last week Equasis published its annal report for 2011. Equasis is populated with data from most of the world’s merchant ships. Basic ship particulars are derived from the commercial database of IHS Fairplay. Equasis is fed by 45 data providers which can be divided into six categories: core ship and company data, PSC regimes, classification societies, P&I clubs, associations or vetting programs and other international organisations. Almost all these sources are used in this document to a greater or lesser extent.

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