- — Global maritime piracy and armed robbery increased in 2025
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at 1/15/26 3:00pmThe ICC International Maritime Bureau (IMB) reported an increase in global maritime incidents and piracy and armed robbery in 2025, classifying most cases as low-level. According to the IMB Annual Piracy and Armed Robbery Report 137 incidents against ships were recorded in 2025 compared to 116 in 2024 and 120 in 2023. It reveals that ...- — Visiting a California port anytime soon?
- at 1/15/26 3:00pmWhen calling at ports in the United States (US) or transiting US waters, it is always important to bear in mind that state laws may apply in addition to federal regulations. State requirements can be more stringent than those set by US federal authorities and may carry different penalties. As 2026 begins, here are a ...
- — S&P reaffirms A+ rating for Gard
- at 1/14/26 3:00pmWe are very happy about this,” said Torunn Biller White, Gard’s Chief Financial Officer. “Financial strength underpins everything we do at Gard, and this rating is a clear recognition of our strong and healthy capitalisation.” The SP rating was announced in December 2025, after Gard had completed its acquisition of Codan’s Marine and Energy portfolio ...
- — Maritime cocaine smuggling – a European perspective
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at 1/9/26 3:00pmGard recently provided an overview of cocaine trafficking as it effects commercial vessels, operations and crew. Based on the report from the UN Office on Drugs and Crime, we noted the dramatic increase in the cocaine flows from Andean countries to Europe as compared with the traditionally largest market, North America. The threat of drug ... - — IOPC Funds Amended Guidance for Member States on the definition of ‘ship’ under the 1992 Civil Liability Convention
- at 1/7/26 3:00pmAt the November 2025 Sessions of the IOPC Funds’ Governing Bodies, the Executive Committee of the IOPC Funds approved a new footnote for inclusion in the IOPC Funds’ publication ‘Guidance for Member States – Consideration of the definition of ‘ship’ under the 1992 Civil Liability Convention’. The footnote sets out guidance on a standard procedure ...
- — Mike Hall Takes The Helm Of The Britannia Group
- at 1/7/26 3:00pmThe Britannia Group announces that Mike Hall has formally taken up his post as Chief Executive Officer as of 1 January 2026, succeeding Andrew Cutler, who has now stepped down from the role. Mike joined the leading PI Club in 2008 as an underwriter and went on to serve as the Britannia Group’s Chief Underwriting ...
- — Better watch your ‘back-to-back’: Understanding Back-to-Back Charterparties: Key Risks and Considerations for Members
- at 1/5/26 3:00pmIn todays complex chartering landscape, it is common for vessels to be fixed under a chain of charterparties, often with a head owner, a charterer in the middle, and a sub-charterer. These arrangements are frequently described as “back-to-back”, implying that the terms across the contracts align seamlessly. But in practice, back-to-back is often more assumption ...
- — Steve Cockburn appointed NorthStandard CEO Europe
- at 1/5/26 3:00pmNorthStandard has appointed Steve Cockburn as Chief Executive Officer (CEO) of NorthStandard Europe the Dublin-based subsidiary which has oversight of around 40 per cent of the global marine insurer’s book. The appointment follows the formal integration of two Dublin-based legacy companies previously representing the ‘North PI’ and ‘The Standard Club’. Before their merger in ...
- — Deposit Denied: UKSC Draws the Line in the King Crude Escrow Saga
- at 1/5/26 4:00amThe dispute arose from the sale of three vessels under Memoranda of Agreement (“MOAs”) each based on the popular Norwegian Saleform 2012 (with amendments), which were terminated in 2021. The MOAs contained several key provisions relevant to the dispute: Clause 2 (as amended) required the Buyers to deposit 10% of the purchase price into an ...
- — Safe Carriage of Project & Breakbulk Cargo
- at 12/31/25 3:00pmIntroduction Project cargoes come in many shapes and forms and can be complex, high value cargo consignments (including large and heavy break-bulk shipments), that could be of a non-standard dimensions, shape and/or weight distribution. Examples include power transformers, wind turbine parts, cranes, battery equipment storage systems (BESS), helicopters, small vessels and prefabricated plant. These cargoes ...
- — FuelEU penalties: What charterers and owners need to know
- at 12/30/25 3:00pmThe Fuel EU regulations have now been in force for a full year, penalties are already being incurred and the deadline for payment is fast approaching. Despite this, and despite the fact that the BIMCO FuelEU clause was published in February 2025, many parties are still negotiating clauses to cover responsibility for compliance, and the ...
- — Managing Catfines in Marine Fuels
- at 12/29/25 3:00pmThe shipping industry operates within a highly complex global context, balancing commercial demands with an evolving maritime regulatory framework. The operational reliability of vessels significantly influences not only the fulfilment of commercial commitments but also the safety of human life and environmental protection. While there are several factors which can adversely affect the operational reliability ...
- — Mandatory reporting of containers lost at sea starts 1 January 2026
- at 12/24/25 3:00pmThe primary objectives of these new requirements are to enhance maritime safety and safeguard the marine environment. According to the World Shipping Council’s latest Containers Lost at Sea Report 576 containers were lost in 2024. Whilst 2024’s reported losses represented an increase from the previous year, ships avoiding the Red Sea saw a 191% increase ...
- — IOPC Funds Amended Guidance for Member States on the definition of ‘ship’ under the 1992 Civil Liability Convention (1992 CLC)
- at 12/24/25 3:00pmAt the November 2025 Sessions of the IOPC Funds’ Governing Bodies, the Executive Committee of the IOPC Funds approved a new footnote for inclusion in the IOPC Funds’ publication ‘Guidance for Member States – Consideration of the definition of ‘ship’ under the 1992 Civil Liability Convention’. The footnote sets out guidance on a standard procedure ...
- — Beware of backflush filter failures – a cause of engine damage
- at 12/24/25 4:00amAutomatic backflush filters for fuel and lubricating oil cleaning have been in operation for many years and have become common in many engine installations. The filters generally consist of one or more chambers with a set of candles of fine wire mesh that the oil flows through. Larger particles get stuck on the surface while ...
- — Enclosed spaces: When saving a life turns fatal
- at 12/21/25 3:00pmEnclosed spaces on ships such as cargo tanks, holds, and chain lockers are among the most dangerous environments onboard. While much attention is paid to the initial victims of asphyxiation or toxic exposure, a significant and tragic share of fatalities are would-be rescuers: crew members who rush in to save a colleague, only ...
- — Coal Shipments from North-East Coast USA – understanding potentially explosive hazards
- at 12/19/25 3:00pmThis Circular is to draw attention to incidents of concern regarding shipments of coal from North-East Coast USA. Incidents have involved explosions resulting in the displacement/removal of hatch covers. The US Coast Guard issued a Marine Safety Alert in February 2025 highlighting some of the issues: here The issues are complex, and incidents remain under ...
- — Navigating a complex regulatory landscape
- at 12/18/25 3:00pmIn yesterdays fast-changing geopolitical landscape, the insurance and maritime industries have attracted considerable attention from regulators, international organisations, and intergovernmental authorities. While this recognition underscores the industrys importance, it has also resulted in an increasing volume of regulatory requirements. Given the inherently international nature of our business, we face multiple and often conflicting regulatory demands ...
- — Reinsurance arrangements for the 2026 policy year arranged through the International Group of P&I Clubs
- at 12/18/25 3:00pmThe International Group (IG) Pooling and Group Excess of Loss Reinsurance contract (GXL) structure for the 2026/27 Policy Year has now been finalised. Mike Hall, Chairman of the IG’s Reinsurance Committee, said: “The International Group’s successful completion of the 2026 reinsurance renewal underscores the strengths and resilience of the mutual system. The ability to provide ...
- — Skuld Renewal Update 2 policy year 2026/27
- at 12/17/25 3:00pmIn this circular to members, we will outline the International Group’s Reinsurance Programme for the Policy Year 2026/27. Key Features Club retention maintained at USD 10 million. Pool maintained at USD 100 million. International Group’s captive, Hydra, utilised as part of the risk retention strategy. Main General Excess of Loss has been renewed with unamended ...
- — Somali piracy surge: Update & guidance
- at 12/14/25 3:00pmAfter several years of relative calm, piracy activity off Somalia has flared again since late October, with coordinated pirate action groups operating far offshore in the Somali Basin and adjacent Indian Ocean. The most serious event occurred on 6 November 2025, when the Malta flagged tanker HELLAS APHRODITE was fired upon and boarded approximately 560 ...
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