North P&I to merge with Standard Club to tackle industry challenges
In the face of challenges from decarbonisation and geopolitics, the clubs have decided members would be better served by combining. Both boards have backed the proposal. Members are to vote in a few weeks
P&I club business models are under pressure; decarbonisation will racket up that pressure. P&I clubs want to support owners in a transition to sustainable shipping. Mergers increase opportunities.
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