From 1962-1989 the container ship completely changed cargo handling and further internationalisation of shipping . In 1969 , the Club formed an overseas re-insurance subsidiary in the Bahamas , which it changed to the Bermudas in 1972 , and one in Guernsey in 1971 holding 80 % of its assets . In 1979 , the Club ’s tonnage peaked with a record number of 2,721 ships , of which 366 were tankers . This changed the Club ’s membership with the first overseas chairman in the 1970s and the first of two overseas offices was opened . Enormous oil spills like the Torrey Canyon Disaster in 1967 , the 1978 Amoco Cadiz oil spill and the Exxon Valdez oil spill confirmed earlier fears of liability
Exxon Valdez oil spill
Exxon Valdez oil spill
London P&I Club