13 DEC 2018
As discussed in our previous article, the practice of “beaching” vessels at the end of their useful lives is not illegal in all places and for all shipowners. Indeed, far too many commercial vessels are currently dismantled in environmentally unsound and unsafe conditions. Gard’s Manager for Sustainable Business, Live Jacob Sydness, explores a market driven approach to promote sustainable ship recycling.
12 DEC 2018
While the IMO has given shipowners and operators until 2021 to incorporate cyber risk into ships’ safety management systems, cyber criminals are already at work. Data is an asset and protecting it requires a good balance between confidentiality, integrity, and availability. Cyber security depends not only on how shipboard systems and processes are designed but also on how they are used - the human factor.
Gard’s investment team grapples with market movements as does any other institutional investor. Our Senior Investment Risk Analyst, Thor Abrahamsen, shares his thoughts about current market volatility.
As the number and density of fishery farms grow in Chinese waters, they pose an increasing danger to the safe navigation of commercial vessels.
The deadline for complying with the IMO 2020 sulphur requirements is fast approaching. Many shipowners have already made their decision as to how they will comply with the requirements and have mapped their route to SOx compliance. Others are still undecided, and unprepared, as to which of the available options they should select.
MARPOL permits unprocessed food waste to be discharged into the sea from vessels proceeding at a distance not less than 12 nautical miles from the nearest land. Sounds straightforward? Unfortunately, it is not - all coastal states do not define their ‘nearest land boundary’ in the same way.
Ships can end their life cycle due to old age or their lives can be cut short violently by catastrophic events like groundings, collisions, cargo explosion and fire. Scrapping or recycling of ships after reaching the end of their operational lives will normally be a matter for the owners to arrange. Gard is however, intimately involved in wreck removal operations required by authorities following a casualty. Here we review the considerations and choices Gard makes when confronted with disposal of entered vessels.
Quality of sleep can be as important as quantity in reducing fatigue and sleep quality can be affected by sleep disorders. Should owners and crew managers be taking a closer look at the sleep apnea diagnosis and available treatment responses? The answer appears to be a resounding yes!
US Fifth Circuit Court of Appeals applies a new test for determining whether an oilfield service contract is a maritime contract.
History is in the making as the world’s first passive ocean cleaning system passes under the iconic Golden Gate Bridge on its way to rid the Great Pacific Garbage Patch of its 1.8 trillion pieces of plastic.
Recent enclosed space incidents serve as a stark reminder that entry into such spaces without following proper procedures can result in seafarers being killed or seriously injured, warns a major flag state.
The marine fuel supply chain is facing renewed challenges. Various port authorities have cracked down on some bunker suppliers and removed their licences. More recently, attempts by some suppliers to blend with cutter stock or shale oil to meet minimum ISO specifications for fuel intended for trading vessels, have resulted in numerous engine breakdowns at sea, due to damaged or blocked fuel injection valves and filters requiring replacement.
Owners and operators should review the wording of their existing charterparties after a recent LMAA arbitration tribunal found that the 2011 Inter-Club Agreement in its entirety was not properly incorporated in an NYPE charterparty.
The recent spate of mechanical failures attributed to poor quality bunkers have resulted in excessive wear, blocking and damage to ships’ fuel systems. It is not known exactly how many vessels have been affected since the issue first surfaced in January 2018, but the number is estimated to be in the hundreds.
In light of increasing public and political concern globally over the practice of beaching vessels for dismantling, Gard reviews the current legal regime that may apply to shipowners when considering their recycling options.
This year marks the 30th anniversary of the fire and explosion on the Piper Alpha oil platform in the North Sea. Gard’s predecessors for our marine & energy portfolios, Storebrand and Vesta, were both heavily involved as leading insurers and in this article we look back at the events flowing from the casualty through the eyes of one of the Gard claims superintendents involved at the time.
10 JUL 2018
ALSO AVAILABLE IN JAPANESE/和訳 (PDF)
In a landmark decision, the Norwegian Supreme Court has set aside a decision from the Court of Appeal which had concluded that Norwegian courts have jurisdiction under the Lugano Convention in a direct action concerning a ship collision in the Singapore Strait.
A conversation between Gard’s Alice Amundsen and Jacqueline Smith, Maritime Coordinator of the International Transport Workers Federation (ITF) on the Maritime Labour Convention.