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Britannia P&I publishes sustainability progress report

Since publishing its inaugural sustainability report in 2021, several major events have impacted on Britannia’s Environmental, Social and Governance (ESG) strategy including the COVID-19 pandemic and ongoing war in Ukraine, as well as new maritime environmental legislation. This new report demonstrates, in light of these events, the positive actions that Britannia has taken in 2021 and 2022 to date and those it is committing to in the future. Building on the commitments laid out in its 2021 report, Britannia has maintained its alignment with the UN Global Compact, the UN ...

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North joins Maritime Anti-Corruption Network

North’s membership of the Maritime Anti-Corruption Network emphasises the Club’s commitment to a fairer and more sustainable shipping community. In the latest demonstration of its commitment to supporting a more sustainable maritime community, North P&I Club has joined the Maritime Anti-Corruption Network (MACN), a global business network that aims to tackle corruption and enable fair trade in shipping. As an MACN member, North joins over 165 global companies in working towards the elimination of all forms of maritime corruption. The Network’s activities include raising awareness of the issue; implementing the ...

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Navigating decarbonisation

The maritime industry is changing and transitioning to meet the global targets for decarbonisation. This page provides an overview and helps you navigate a changing landscape. The IMO has set clear targets for shipping to reduce its carbon emissions. By 2030, the goal is to reduce CO2 emissions by at least 40% (compared to 2008 levels), and by 2050, the target is to reduce total annual greenhouse gas emissions by at least 50%. Getting there will affect all maritime stakeholders. And there is not one single route to decarbonisation – ...

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Ship recycling – Norwegian Appeals Court explores the limits of individual shipowner responsibility

At the end of their useful life, ships are recycled for the valuable steel and other materials that can be re-used. End of life ships also contain hazardous substances, like asbestos, heavy metals, oil sludge and other pollutants that if mis-managed, are hazardous to people and the environment. Of particular concern is the practice of beaching vessels, that is, driving them during high tides onto the tidal flats where they are then dismantled, allowing pollutants to leach into the unprotected intertidal environment. According to the International Labour Organization, many beaching ...

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TT Club urges IMO Member States to increase container and cargo inspections and submit reports urgently

Past reporting of inspections carried out has been sparse. In welcoming the IMO’s revised guidelines for inspections, the international freight transport insurer TT Club exhorts governments to report findings to IMO on 2021 inspections, as well as to increase the volume of inspections carried out. This would helpfully inform the international maritime regulator and support industry players who are striving to ensure safety and reduce dangerous incidents. Revised Guidelines for the Implementation of the Inspection of Cargo Transport Units (CTUs)* issued last month by the IMO are aimed at helping ...

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Tai Prize Case Highlights Difficulties for Masters over Bills of Lading, says Swedish Club

The recent case of the Tai Prize has underlined how important it is for a Master to fully understand the implications of signing a bill of lading, says The Swedish Club. The Tai Prize ruling reiterates the legal principle that a Master must sign a bill of lading only if it accurately describes the condition of the cargo, irrespective of any commercial pressures he may be facing. Whilst leading law firms will no doubt continue to explore the complexities surrounding this issue; the bottom line is that the brunt of ...

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TT Club highlights long-term changes to supply chain risk profiles

The challenges inherent in today’s international trade and the supply chains that service it are painfully obvious – higher prices of energy and food, shortages of and delays in delivering manufactured goods, dynamic changes in markets and sourcing regions. The on-going effects of the pandemic, with its associated lockdowns and the war in Ukraine are proving catalysts to ignite underlying economic and environmental trends that will continue to fuel long-term changes in the pattern of global supply and demand. As a specialist in providing insurance and risk management services to ...

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“A great way to start a maritime career”

Supporting the education and training of new talents have always been key commitments for Gard, as reflected in the Claes Isacson Scholarship, the long standing and recently revitalised IML Gard Fund, and in the group’s strong relationships with several universities around the world. Another testimony is Gard’s support of the Maritime London Officer Cadet Scholarship (MLOCS). Since 2018, Gard has sponsored a cadet through this scheme, thus enabling a young student to complete a three-year program combining academic studies with practical training onboard a series of commercial vessels. “It has ...

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European Union: 6th sanctions package

The European Union’s 6th Sanctions Package – EU Regulation 833/2014 – (the “Regulation”) On 3 June 2022 the EU published its 6th package of sanctions against Russia. This circular is not intended to be a comprehensive summary of the EU sanctions against Russia. It focuses on: the measures in the 6th package of sanctions which impact on the transport and insurance of oil and petroleum products; and the prohibitions on transacting with Russian state-owned enterprises subject to the Article 5aa restrictions and as listed in Annex XIX of the Regulation. ...

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Skuld targets growth in Japan with Tokyo office

Skuld today confirms it has obtained an official licence to open a Japanese branch, Skuld Japan, in Tokyo. Jinsung Son has been appointed head of Skuld Japan. Son has a bachelor’s degree in law from Waseda University, Tokyo, and prior to joining Skuld in 2020, he spent 15 years at the Japan P&I Club, most recently as deputy general manager and team leader. Ståle Hansen, Skuld president and CEO said: “Skuld has a firm commitment to a strategy of diversification and growth where results from commercial business contribute to mutuality. ...

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The American club’s annual report and accounts for 2021. Closing of the 2019 policy year. Levying of a suppplementary call for the 2020 policy year

Your Managers are pleased to attach the American Club’s Annual Report and Accounts for the year ended December 31, 2021. As will be seen, they are in an electronic format. They were formally approved at the one-hundred-fifth Annual Meeting of the Members of the Club which took place earlier today in New York. Hard copies of this document will also be available from the Managers over the forthcoming period. As will be noted from the Club’s latest financial statements, the accounting treatment and presentation of premium earned but unbilled (EBUB), ...

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Supporting members to mitigate their risk when considering carriage of additional reefers using Y-splitters

The club is seeing an increasing number of requests from members who are considering the use of Y-splitters in order to increase the reefer capacity on their containerships beyond their designed limit. However, when doing so, there is a risk of overloading the power cables. This would generate excess heat and increase the potential of fire. This risk is further enhanced by the absence of frequent monitoring and review, of the condition of the extra cabling, sockets, plugs and reefers by the crew. The club fully understands the commercial attractiveness ...

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Standard Club: Regulation Update 2022/23

To support consistent implementation and verification of the 0.50% sulphur limit, MARPOL Annex VI has been amended to introduce definitions distinguishing between ‘in-use’ and ‘on board’ fuel oil samples taken from a vessel. To facilitate the need for taking ‘in-use’ samples, ships constructed before 1 April 2022 are required to designate or, if necessary, fit sampling points no later than the first IAPP renewal survey on or after 1 April 2023. For ships built on or after 1 April 2022, sampling points needs to be in place and designated upon ...

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Working hours leaves no time for exercise, suggests SHI Q1 2022 results

Seafarers Happiness Index (SHI) Quarter 1 2022 results kickstarts the year, but seafarers are off to a rocky start. At an overall average score of 5.85/10, down from 6.41 in Q4 2021, it is the lowest level of satisfaction across 8 years of reporting. This is also the second time that happiness levels across all the questions have fallen. Spending a longer time onboard at sea puts the rest of the physical and working environment onboard under scrutiny. Fortunately for many respondents, the food was well received, with options that ...

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The Poseidon Principles – what will it look like in practice?

The Poseidon Principles for Marine Insurance (PPMI) formally came into effect in May 2022, and the Signatories are getting ready to begin their first climate alignment reporting exercise, meaning that they will publicly disclose the carbon intensity of their hull and machinery (H&M) portfolios. As with all new initiatives, however, many are wondering about the practicalities. What will it mean for our clients? How will emissions data be collected and what will they eventually be used for? To get some answers, we sat down with Gard’s PPMI expert and Head ...

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