SWEDISH CLUB EXPECTS TONNAGE GROWTH OF 4% TO 5% THIS YEAR

The Swedish Club has reported performance in line with expectations following the recent Protection and Indemnity (P&I) renewal period, which concluded earlier this week. The club said it expects growth in gross tonnage of between 4% and 5% this year, following growth of around 8% in 2016. The club said it was the second consecutive year it had delivered a zero percent increase to its members. Lars Rhodin, Managing Director of The Swedish Club says: “We have closed this renewals period on a sound footing, enabling us to continue to support the needs of our members and to deliver on our promise of focusing on quality growth”.