RE; P&I PREMIUM COSTS A SUBJECT TO CONFRONT AND REVISE.

RE; P&I PREMIUM COSTS A SUBJECT TO CONFRONT AND REVISE.

After the Lehman Brothers collapse in September 2008, the world economy is still fighting for recovery. Despite China’s economic growth continues (though at slower pace) shipping industry hasn’t yet recovered the 94% BDI’s crash from its highs in June, 2008.

Ship finance is scarce and out of 100 banks which were active in lending money in 2007 there are hardly 20 left world wide today.

The vessels’ prices have been decreased significantly following the freight market levels and the BDI.

Bunker prices remain high and cargoes transported are not enough to cover the over supply of tonnage.

Shipping companies overleveraged are struggling to survive and those who didn’t extend too much are coping with difficulties.

Despite a small freight market correction, in the last two months, there is no evidence of a real lasting recovery and many shipping experts, like Mr. Steve Rodley, managing partner of Global Maritime Investments, believe that this downturn cycle will last for quite some time longer.

In view of the apparent need to economize and the forthcoming P&I renewals ship managing companies are organizing their strategies to cut down their p&I premium costs as much as possible.

Although, P&I premium cost, is a “must have” cost, it results from the type, the ‘volume’ and the extend of insurance which buys you. Nevertheless, as all costs, it is also subject to the free market rules and competition, know how, planning and policy terms and conditions.

Thus, we, here at Marasco Marine Ltd, have well thought tailor made p&I insurance plans which promise to reduce the cost of your p&I premium from 10% up to 25% per vessel.

Risk and premium costs Management is our expertise since 1991 and throughout the last two and a half decades we have assisted many Ship Managers and Ship Owners, around the world, to cut down their premium expense enabling thus themselves to withstand the downturn cycle of the shipping crisis.

Why you want to stay still and not act upon changing what needs change in a changed market? Why to pay too much when your competitors get specialized advise on how to make a difference in what you don’t dare to question?

Its usually our bias which prevent us to see further opportunities and not act!

You can also apply for our P&I improvement costs planning. Contact us to check if you are eligible for, today.

http://www.marasco-marine.com
Kind regards
Anastasios Maraslis
Managing Director
MARASCO MARINE LTD
S.T.I.C BUILDING
3A, Voudouri str.,
Marina Zea, 185 37
Piraeus, Greece
+30 210 4529500 tel. (ext.101)
+30 210 4529505 fax.info@marasco-marine.com
www.marasco-marine.com