Gard reports an $87m after tax result but this is well below expectations as a result of a second half loss.
But the result is still good enough for Gard’s shipowner members to be given a ‘dividend’ with the deferred call for the year to February 2015 reduced to 15% from 25%.
Owners with mutual protection and indemnity cover from Gard will pay $37m less than the anticipated premium when the final instalment falls due in September.
The
