Leading independent international Lloyd’s broker, Tysers, today (17 October 2011) released their annual P&I Clubs Report 2011.

The Report is an invaluable document for ship owners, which provides a comprehensive review of the P&I market with details and commentary on each Club and its finances.

Complied each year by Martin Hubbard, director of Tysers’ marine division, the 2011 Report predicts that February 2012’s P&I renewals will be soft, as ship owners take advantage of current market conditions, ahead of a firming market.

A follow up report will also be issued in December once all P&I Clubs have announced their renewal increases for 2012.