Shipping
U-Ming Marine appoints Anemoi to install Rotor Sails on VLOC
(Posted on 29/11/24)Leading wind-propulsion technology provider Anemoi Marine Technologies Ltd. (“Anemoi”) and Taiwan-based U-Ming Marine Transport Ltd.’s (“U-Ming”) have signed an agreement to install four Rotor Sails on one of U-Ming’s 325,000 DWT Very Large Ore Carriers (VLOC).The installation work is expected...
Liberia Receives IMSAS Audit
(Posted on 29/11/24)The Liberian Registry, the world’s largest flag registry is undergoing the International Maritime Organization (IMO) Member State Audit Scheme (IMSAS). The initial phase of the audit took place from November 20–22, 2024, at the Liberian Registry’s headquarters in Dulles, Virginia, and will continue in Liberia,...
NorthStandard and NNPC enter into strategic partnership
(Posted on 29/11/24)NorthStandard has announced a new and expanded strategic partnership with Noord Nederlandsche P&I Club (NNPC) that builds upon the previous long-standing and successful arrangements between the two mutual insurers.The formal partnership confirms NorthStandard as NNPC’s exclusive reinsurer and supports NNPC’s growth...
Maritime appetite for cyber risk higher than other industries
(Posted on 20/11/24)A new report published by DNV reveals that the majority (61%) of maritime professionals believe the industry should accept increased cyber risk from digitalization if it enables innovation and new technologies. The sector’s appetite to take on emerging risks arising from digital transformation is notably higher than other...
NorthStandard adjusts for future with precautionary premiums increase
(Posted on 20/11/24)The return of higher claim volumes during 2024, increased exposure to larger claims, and continuing supply chain volatility have persuaded NorthStandard to adopt a precautionary 5% general increase in its 2025-26 premiums.The announcement comes as NorthStandard forecasts a net combined ratio in excess of 110% for the insurance year...
ClassNK ELW on improving seafarers’ living conditions for Tokei Kaiun bulker
(Posted on 12/11/24)ClassNK has granted its ‘ELW (HP)’ (Excellent Living and Working Environment (Hydroponics)) notation to ‘ROYAL LAUREL’, a bulk carrier owned by Tokei Kaiun Ltd. The vessel becomes the first in ClassNK registry to have the ‘ELW (HP)’.It is expected that efforts to improve working conditions that...
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