Taking cyber risk management beyond compliance
While IMO’s 2021 cyber risk management code provides a framework for cyber resilience, there is more to combating cyber attacks than compliance alone. That’s the take away from a new report just
Legal
Salvage industry sees only “modest” recovery in gross revenues
Major salvage cases continue to make the headlines lately and, according to many insurance sources the costs of these cases are rising. Indeed, according to Allianz Global Corporate & Specialty, the near
Early warning system can prevent widespread fuel contamination
By Darren Shelton, Chief Product Officer and Co-Founder, FuelTrust The Singapore fuel contamination incident that hit around 200 vessels in April 2022 could have been avoided if there was an early warning
OP-ED: Cybersecurity training is key to cybersecurity resiliency
By Andrew R. Lee and Jim Kearns, Jones Walker LLP Data and network system breaches come in all shapes and sizes, but they tend to have one common element: the human. Broad
Foremost Group orders two eco-friendly capesizes at Namura
New York City headquartered Foremost Group yesterday signed an order with Namura Shipbuilding for two new 185,000 dwt capesize dry bulk carriers that will be among the most eco-friendly in the world.
Vikand names Bastianelli director, marketing and communications
Fort Lauderdale, Fla., headquartered maritime healthcare specialist Vikand Solutions LLC has appointed Arnaud Bastianelli as director, marketing and communications. Bastianelli comes to Vikand with experience from industries including tourism, food safety and
MAIB reports on fatal mooring deck incident
The U.K. Marine Accident Investigation Branch (MAIB) has published its report on an August 30, 2021 incident in which the chief officer of a general cargo ship, managed by V.Ships Ship Management
“Tougher than IMO” bill on ship emissions introduced in House
There have long been warnings that failure by IMO to act more aggressively on shipping decarbonization would lead more countries and regions to introduce their own measures. Already, the EU is moving
CIT provides $80 million to refinance 2 box ships
CIT, a division of First Citizens Bank, today announced that its Maritime Finance business provided $80 million to refinance two Korean-built containerships operated by Seamax Capital. Founded in 2012 to make investments
VIDEO: U.S. biomass exports could reach Japan on hard sail fitted ships
The Drax Group, whose U.K. power stations generate electricity using wood pellets produced from sustainable low-value commercial forestry residues, is also a major supplier of those pellets worldwide. Now it is looking