The Scorpio group, Oceanbulk and other owners with similarly large fleets and operating profiles are considering a joint purchasing alliance that will seek to negotiate an improved insurance deal from members of the International Group of Protection & Indemnity Clubs.
The move is being seen as a challenge to the existing International Group system.
People say rates are low and we are getting a good deal but how do we know we are getting a good deal? And how do we know our claims record is being rewarded?
Those involved in the effort are hoping that even if it is not successful it could at least prompt a rethink of the terms by...
