London Club reports positive renewal outcome

“Although taking place against a difficult backdrop, the renewal for the London Club this year was quite positive”, says Mrs. Joanna Pavlides, general manager of London P&I Club in Piraeus.

The renewal took place against a backdrop of the depressed freight markets faced by Members in many shipping sectors. With those difficult trading conditions on the one hand and with the importance of maintaining the Club’s financial strength and stability in a challenging operating environment on the other, some tough negotiations were inevitable. But taking everything into account, there is encouraging news going into 2012/13.

Full article, ELNAVI, Issue 461, May 2012, Page. 55

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