The reduction amounts to 8.11% for owners of both crude and products tankers and 6.05% for bulkers, containerships and other dry cargo vessels.
The reduction is the first since the January 2012 and October 2011 loss of the Costa Concordia and Rena sent reinsurance rates soaring.
It looks as if the overall cost of the reinsurance programme, which provides $3bn of cover excess of $80m, has fallen from about $655m to around $610m, although this is a TradeWinds estimate rather than a figure revealed by the clubs.
