London P&I Club reports further growth in owned entry

THE London P&I Club saw further growth in its mutual owned entry following the conclusion of the recent P&I renewal season.

The club’s director of underwriting, Reto Toggwiler, says, “Our mutual membership saw year-on-year growth of approximately of 3.5m gt or 7%. This result is evidence of the strong commitment shown to the club by existing members and by the new members that we were pleased to welcome, drawn from a number of different countries around the world.

“Everybody at the club is grateful to members and brokers for their support in achieving an encouraging outcome which underlines the importance that shipowners attach to the London Club’s service-focused and understanding approach to P&I”.


www.londonpandi.com

BDO / Moore Stephens merger strengthens shipping presence

The merger between leading accountants and advisers BDO LLP and Moore Stephens LLP in London was completed earlier this month.

Clients of the merged firm, BDO, will have access to offices in over 160 countries with a presence in every major shipping location in the world.

Michael Simms, Partner and Head, Shipping & Transport at BDO, says: “Both BDO and Moore Stephens LLP have for many years been leading accountants and advisers to the shipping and transport sector. We are confident our clients will now benefit greatly from having access to the combined resources of the two firms.

“The merger enables us to deliver the ever-increasing range and depth of solutions demanded by our clients, who can expect the same high-quality, industry-leading service to which they have become accustomed.”

The BDO Shipping & Transport team has extensive experience delivering accountancy, tax and advisory services to the sector worldwide. BDO delivers key information and insights to the shipping community, including the annual OpCost report, the quarterly Shipping Confidence Survey and a host of thought leadership on topical issues, such as regulatory developments and market conditions. https://www.bdo.co.uk/en-gb/industries/shipping-and-transport


Accountancy and business advisory firm BDO LLP provides integrated advice and solutions to help businesses navigate a changing world.

Our clients are Britain’s economic engine – ambitious, entrepreneurially-spirited and high-growth businesses that fuel the economy.

We share our clients’ ambitions and their entrepreneurial mind-set. We have the right combination of global reach, integrity and expertise to help them succeed.

BDO LLP
BDO LLP operates in 17 locations across the UK, employing nearly 5,000 people offering tax, audit and assurance, and a range of advisory services. BDO LLP has underlying revenues of £590m and is the UK member firm of the BDO international network.

BDO’s global network
The BDO global network provides business advisory services in 162 countries, with 80,000 people working out of 1,600 offices worldwide. It has revenues of $9bn.

Press office:
+44(0)20 7893 3000
media@bdo.co.uk

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