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The Club’s correspondent in China, Huatai Marine, provide in their latest Circular No: PNI [2022] 05 details of this summer’s fishing ban along China’s coastal areas.

The Club’s financial position remains strong with free reserves of $488 million as at 20 February 2022. The Club continues to comfortably meet all its regulatory capital requirements and remains in the highest AAA band of Standard & Poor’s capital model. 

At their meeting in May 2022, the Directors closed the 2019 policy year. The deficit was transferred to the reserves.

TT Club, the UK P&I Club and UK Defence Club, part of Thomas Miller Group, launched a new user-friendly online hub of essential resources for Members, customers and their network partners, called Thomas Miller Connect, in December, seeing significant uptake.