Read the latest IGP&I Annual Review 2017/18 here»
Key Facts:
- Since 2014 the average size of entered vessels has increased 19 % to just under 21,000 GT
- Total mutual tonnage in the Group Clubs now exceeds 1.209 billion GT
- The world fleet comprised just over 94,600 vessels totalling 1.322 million GT
- West Africa continues to attract the highest level of piracy activity, with 42 % of incidents reported in 2018
- Japanese owners now hold the largest share of the global order book with 18 % of total ordered tonnage
- A further 7 States have ratified the Nairobi Wreck Convention bringing the total number of contracting states to 41
- On May 8, 2018 the US announced its unilateral intention to withdraw from the JCPOA on Iran
- Between 2008 and 2018 removal wreck accounted for 46 % of all claims from ground up
- 21 of the world’s top 25 reinsurers participate in the Group reinsurance programme
