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London P&I Club celebrates 150 years of operation

The London P&I Club is celebrating its 150th anniversary during 2016/17, and has published a history of the club to mark the occasion.

Nigel Watson, author of 150 years of The London P&I Club, says, “When the London Club was founded in 1866, shipping was dominated by the British mercantile marine, and the general cargo steamer was developing as the major conduit for world trade. As the club reaches 150, the world’s shipping fleet is much more disparately owned and huge container vessels ship goods across the seas. One constant has been the prime importance of shipping to world trade and the way we live our lives in the modern world.”

As well as illustrating the momentous shifts in shipping since 1866, the story of the London Club also highlights the crucial role played by mutual insurance clubs in sustaining the role of international shipping.

In a foreword to the book, Alderman The Lord Mountevans, Lord Mayor of London and a former shipbroker with Clarksons, says, “The history highlights foresight and planning, for example in the early establishment of the overseas club offices. It also highlights enduring principles such as a commitment to mutuality and the strong shipowner interest and engagement which clearly underpin the London Club’s work.”

 

Source:  The London P&I Club

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