Company news

Gard is pleased that the HEROIC IDUN and its 26 crew members have finally been released. The vessel has departed Bonny, Nigeria and has now left Nigerian waters.

Our office in Oslo is moving on 30 May to 7 June 2023. To facilitate the move, the office is currently closed to visitors and will reopen at our new address on 8 June.

Gard launches a new niche publication to provide increased clarity around how P&I insurance for mobile offshore units works in practice.

Our office in London is moving on 15 May 2023. To facilitate the move, the office will be closed to visitors from 15 May up to and including 19 May and will reopen at our new address on 22 May.

To:      The Members of Gard P. & I. (Bermuda) Ltd.

NOTICE IS HEREBY GIVEN that the 2023 Annual General Meeting of Gard P. & I. (Bermuda) Ltd. (the “Company”) will be held at the offices of its Manager, Lingard Limited, at A.S. Cooper Building, 59 Front Street, Hamilton HM 11, Bermuda, on Wednesday, 10 May 2023 at 12:00 noon, or as soon thereafter as possible, for the following purposes:

From 1 April 2023, Gard’s listed correspondent in Pointe-à-Pitre, Guadeloupe for both P&I and H&M is McLeans FWI. Contact details as per below.

Gard’s 2022 annual results as well as its first Human Rights Due Diligence report were published on 20 March. Both reports can be accessed below.

Gard presented its annual results and its second integrated annual report today, showing that the group has delivered its best insurance performance in 15 years. Challenging investment markets meant that results overall ended close to break even.

Also Available in Japanese

On 24 February 2023, the one year anniversary of Russia’s invasion of Ukraine, the US Department of State and the US Department of Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on numerous additional individuals, entities and vessels that the US has determined are engaged in sanctions evasion.  Full details can be found here.

On 25 February 2023 the EU adopted its 10th package of sanctions against Russia.  The relevant EU Regulations and Council Decisions can be found here but of particular significance for members is Council Regulation (EU) 2023/427 which further amends Regulation (EU) No 833/2014. 

Available in Japanese

Louis Shepherd has been appointed Managing Director of Gard (Japan) K.K. effective from 1 May 2023.

Gard has appointed new correspondents for P&I and/or Hull in a number of locations with effect from 20 February 2022.

Gard today announced yet another strong P&I renewal for 2023. Over the last 12 months, 17 million GT have been added, bringing the mutual tonnage to a total of 277 million GT. 99.4 per cent of the existing tonnage stayed with the club.

Also available in Simplified Chinese and Traditional Chinese

Also available in Japanese

The agreement allowing crude oil to be shipped through Turkish-controlled waters will also apply to petroleum products.

The Poseidon Principles for Marine Insurance (PPMI) have issued its first annual report, disclosing the climate alignment of leading marine insurers’ hull and machinery portfolios.

Also available in Japanese

On 16 December the EU adopted its 9th package of Russian sanctions. Below is an overview of the main changes.

Also available in Japanese

Another year draws to a close, and what a year it has been. 2022 has reminded all of us – once again – how quickly things can change. Business patterns, outlooks, expectations – all can suddenly be disrupted by world affairs. 

Following significant engagement between the International Group of P&I Clubs (IG) and the Government of Turkey, an agreement has been reached allowing ships carrying crude oil cargoes to continue their voyages through Turkish-controlled waters.

The Government of Turkey issued a notice dated 16.11.2022 which requires all ships carrying  crude oil products transiting or entering Turkish waters from 1 December 2022 (extended to 2 December 2022), to provide letters of confirmation from the owner’s P&I Club attesting that cover will remain in place under any circumstances throughout the duration of the transit or the time the ship is in Turkish waters or the time it is in a port or terminal.

Gard is happy to announce that we have entered into partnerships with the Global Centre for Maritime Decarbonisation (GCMD) in Singapore and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping in Denmark.