Asia boosts Skuld's business by 13 percent

Norwegian insurance company Skuld experienced a 13 percent growth in its P&I business during the insurance year 2013/2014, a development especially caused by new businesses in China and Singapore, says the company.

BY KATRINE GRØNVALD RAUN

Published: 21.02.14 at 15:06

Insurance company Skuld saw its P&I business grow 13 percent in the insurance year 2013/2014, which ended on February 20th. According to Skuld, the growth was the result of new business ventures in the East, particularly in China and Singapore, where the company opened an office in 2012.

And the Scandinavian and American markets also contributed to the growth. Skuld also expanded its product portfolio, which the company estimates also had an effect on the result.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

Access all locked articles
Receive our daily newsletters
Access our app

Start a free company trial today

CBS launches board program for the shipping industry

Andreas Sohmen-Pao, chair, BW Group. | Foto: Global Maritime Forum

Supported by a number of high-profile names from the global shipping industry, CBS’s new Blue Board Leadership Programme’s first module is already half full. The faculty team includes BW Group Chairman Andreas Sohmen-Pao.

G&O Maritime Group buys maritime supplier

Morten Pilnov is CEO of G&O Maritime Group. | Foto: G&O MARITIME GROUP

G&O’s acquisition is aimed at strengthening the company’s green profile and making a stronger mark internationally.

EU countries ready for CO2 quota negotiations – but without a shipping fund

After marathon negotiations, EU member countries passed a mandate late Tuesday for inclusion of shipping into the union’s emissions trading system. A proposed special fund for the industry’s transformation does, however, not appear to be on the table.