Happy New Year! - February 2011
We would like to wish everyone a Happy New Year and to thank our Members, both existing and new, for their ongoing support in what looks to be a successful year for the Club.
Based on early indications 5M GT of owned tonnage has joined the Club at 20 February, taking the total owned tonnage to over 105M GT, representing an annual growth of 20%. We are also expecting chartered tonnage to grow significantly to well in excess of 40M GT, taking our combined membership to very close to 150M GT, a significant period of development for the Club during its 150th Anniversary year.
In addition we are pleased to report significant financial progress and we anticipate that the growth in the Club’s free reserves will at least match the growth in our membership.
Overall we have started the New Year in good shape and we are delighted to welcome a number of new Members that have joined the Club at the 20 February 2011 renewal.
Alan Wilson & Paul Jennings
Joint Managing Directors