Steamship Mutual Financial Update and 2021/22 Renewal
At their Board Meeting held on 25 May 2021, the Directors of Steamship Mutual approved the Clubs’ Report and Accounts for the 2020/21 policy year and authorised publication of the following key points in advance of the release of detailed results.
Highlights
Free Reserves remain in excess of US$ 511 million despite the challenges presented in 2020.
At renewal approximately 5.7 million GT of new tonnage entered the Club from both existing and new Members.
2021 opening entered tonnage stood at 177 million GT.
The Club achieved a 4.5% increase on renewing owned business.
International Group Pool and Covid claims raised the combined ratio higher than expected to 125.4% with the average combined ratio for last six years at 99.2%.
Ferry company starts free shuttle bus service
Updated May 07, 10:33 AM;
Posted May 07, 10:33 AM
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New free weekday shuttle bus service between Edgewater and the NY Waterway Port Imperial Ferry Terminal in Weehawken will start running Monday
The new free bus service is a temporary measure until ferry service resumes from Edgewater. Ferry service was reduced after coronavirus travel restrictions cut passenger volume and is being restored as ridership increases.
NY Waterway shuttle buses will depart from Edgewater’s ferry landing to Port Imperial once an hour between 6:20 and 9:20 a.m. on weekdays. In the evening, customers can take free buses back to Edgewater that will run approximately every 20 minutes from 4:20 to 8 p.m.
Ferries look to lure COVID-cautious commuters back with a breezy ride
Updated 11:00 AM;
Today 11:00 AM
With the Manhattan skyline behind them, passengers ride a NY Waterway ferry up the Hudson River to Weehawken in April 2021. As more people return to their workplaces, ferries traveling to and from New York City have seen an increase in passengers. With the warmer weather, an advantage is ferries have an open-air top deck for those concerned about COVID-19. Aristide Economopoulos | NJ Advance Media
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Despite the best efforts of transit agencies to sanitize buses and trains, a skeptical riding public has been slow to return to riding them.
NY Waterway accused of dumping sewage into the Hudson River hudsonreporter.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hudsonreporter.com Daily Mail and Mail on Sunday newspapers.