WEST

Strong Member backing secures another positive renewal for West

Tom Bowsher, Group Chief Executive Officer, West Group

London, UK, 24 February 2025 – West is pleased to announce a successful 2025 renewal across all business lines, with premium increases exceeding the objectives set by the Board.For the third consecutive year, Member retention was over 99.5% and the Club is encouraged to report continued support from existing Members, with strong organic growth at renewal, and throughout the 2024/25 Policy Year.   

Several new Members were also welcomed to...

https://allaboutshipping.co.uk/2025/02/24/strong-member-backing-secures-another-positive-renewal-for-west/

West creates new Charterers and Traders product team

West creates new Charterers and Traders product team

Suumit Madhu, Senior Underwriter, West P&I

West creates a Charterers and Traders team as a new centre of excellence within the Club, further enhancing the West’s popular tailor-made liability insurance products.

London, 25 November 2021 – The West of England P&I Club has today announced the creation of a dedicated Charterers and Traders product team to manage its Charterers Comprehensive Cover, which provides bespoke cover for charterers and...

https://allaboutshipping.co.uk/2021/11/25/west-creates-new-charterers-and-traders-product-team/

Decreasing VLGC Rate Pushing LPG Vessels from East To West!

  • Decrease in VLGC freight rates in Asia and improving US rates are pulling ships to the West from the East.
  • VLGC rates on the Persian Gulf to Japan route have slid to near four and half-month lows of around $52/mt.
  • Houston to Japan route is holding near one-month highs of around $107/mt or more. The U.S. propane stocks hit more than nine-month highs at 83.3 million barrels for the week.
  • Market sources estimate shipments to arrive in Asia in September at around 2.3 million mt, a level that could...

http://mfame.guru/decreasing-vlgc-rate-pushing-lpg-vessels-from-east-to-west/

Southeast Asia reacts against West’s garbage policies

  • The containers were loaded with a combination of garbage, plastic waste and hazardous materials in violation of import rules
  • Officials are still waiting for clearance to return another 42 containers of waste, including shipments from the US and Australia

Indonesia has returned seven shipping containers of illegally imported waste to France and Hong Kong, an official said, marking the latest move by a Southeast Asian nation to send back rubbish to their wealthy places of origin.

The containers...

https://container-news.com/southeast-asia-reacts-against-west-garbage-policies/