

All of the Group’s vessels have protection and indemnity insurance (P&I), hull and machinery insurance (H&M) and they meet all applicable safety regulations. The Group’s vessels are regularly valued by two to three independent international shipbrokers who are also approved by mortgagees.Īll of the Group’s vessels have protection and indemnity insurance (P&I) and hull and machinery insurance (H&M) and they meet all applicable safety regulations. They were bringing in, day after day, ships which were admittedly carrying cargo to the benefit of the enemy. The first blockade degenerated into a farce which was described by Sir Henry Dalziel, member of parliament for Kirkcaldy, on 2. As at 31 December 2017 the book value of the ships amounted to EUR 1 269 million (EUR 1 230 million at the end of 2016). Cedric, Celtic, Baltic and Adriatic with their odd but.
