Safety & Regulation

Ship recycling zone

The Ship Recycling Transparency Initiative facilitated by Sustainable Shipping Initiative and industry leaders, brings together leading shipowners, financial stakeholders, and classification society to accelerate responsible ship recycling practices and improve transparency.

Mark Jackson, CEO of the Baltic Exchange.

The IMO’s revised MARPOL Annex VI and the EU Benchmark Regulation will have a major bearing on the Baltic Index business when the sulphur-cap regulations come into full force on 1 January 2020.

Shipping emissions

North P&I Club urges caution about potential charterparty disputes arising from sulphur cap, due to come into force on 1 January 2020.

TT Club's Mike Yarwood

Loss prevention expert said that, while there may well be some who believe that GA is no longer fit for the modern maritime world with ever larger vessels, it still needs to be understood.

Damage from Hurricane Ida

Capacity has been withdrawn from the insurance market following retrenchment in the sector after a year of catastrophes.

Knut Ørbeck Nilssen

Agility is not usually a word associated with the International Maritime Organization (IMO), but attendees at the 70th anniversary celebratory forum at the IMO debated the often-glacial adoption of new regulation, how it was to be brought about, and if it is necessary to deliver a faster pace at the industry’s major regulator.

Rolls of US dollar bills

Gard’s net result came in at USD193 million, which is down by 11% year on year, but still the third-highest over the past 10 years, while the main driver behind its strong performance was investment income.