NorthStandard warns members of 5% rate increase

The P&I club impacted by rising large claims costs

Sarah JollyNovember 19, 2024
The container ship Cosco Himalayas sails south on Red Sea towards Khalifa Port, Abu Dhabi after leaving Port Said, Egypt. June 2023.
Container ship on Red Sea. Credit: Shutterstock/David G40

P&I club NorthStandard has announced a 5% general increase on premium rates for 2025/6, driven by both the number and size of claims this year, as well as supply chain volatility.
The higher premium cost is precautionary,...

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Sarah JollyNovember 19, 2024
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