Gard announced its decision to become a signatory to the Poseidon Principles for Marine Insurance (PPMI), a global framework to quantify and disclose the carbon intensity of insurers’ marine hull portfolios. Moving towards decarbonisation “We need...

Shippers vie for secured space, carriers levy MQC requirement Carriers pushing for multi-year deals, full-scale offering Contracts may include less free time, higher penalties Early term contract discussion ranges for 2022-23 have risen significantly...

Shipowners, seafarers’ unions and maritime employer groups are establishing their own approved international network of quarantine facilities to ensure seafarers can safely join ships, despite unpredictable changes to government border policies, reads an ICS...

Houston-based oil company and two subsidiaries were indicted for a crude spill that fouled Southern California waters and beaches in October, an event prosecutors say was caused in part by failing to properly act...

Decarbonisation is the need of the hour. It can be achieved by using alternative fuels or focusing on renewable energy sources. Leading companies in the marine insurance industry have joined an initiative linking their...

Protection and Indemnity (P&I) insurance is named risk liability insurance and cover terms are found in the P&I Rules for ships entered in the Association. Liabilities with respect to crew illness are covered...

3D Metalforge has finalized testing of a set of functional additive manufactured parts onboard the Polar Endeavour crude oil tanker. The pioneering project started in February when the parts were manufactured and subject...

Six of the world’s leading marine insurers, supported by a drafting committee which includes Lloyd’s Register (LR), have launched a ground-breaking initiative to provide transparency on carbon emissions. Founding Signatories include Swiss Re,...

Japan's LNG stocks held by major power utilities rose 8.7% to 2.37 million mt Dec. 12 from 2.18 million mt the week before, the Ministry of Economy, Trade and Industry said Dec. 15, says...

NFE North Trading, a unit of U.S. gas-to-power developer New Fortress Energy, has signed a deal with LNG exporter Cheniere Energy for a six-year supply of LNG, says an article published in Offshore Energy. About...