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The International Group (IG) Pooling and Group Excess of Loss Reinsurance contract (GXL) structure for the 2026/27 Policy Year has now been finalised.

… a common factor – the human involvement: According to the Intercargo Bulk Carrier Casualty Report 2024, navigation incidents (groundings and collision) are the leading cause of bulk carrier total loss – 7…

… This surge underscores the need for consistent biofuel quality. The recently released ISO 8217:2024 marine fuel standard now permits the use of Fatty Acid Methyl Esters (FAME) as a blending component in…

… of the methane discussion - the substantial methane emissions from the palm oil waste product. “In 2024, about 2.6 million tonnes of LNG was consumed as bunker by LNG-fuelled commercial ships. If you take the…

… and carriage for use as fuel of heavy fuel oil (HFO) by ships in Arctic waters on and after 1 July 2024 were approved. Currently, a MARPOL regulation prohibits the use or carriage of heavy grade…

… largest importer.  While global soya bean exports were already projected to increase through 2024 and 2025, this continued growth brings with it heightened risks during transportation, particularly in…

… Ukraine and Belarus, together with a buy-back sub-limited to $100 million (increased from $80m in 2024).  The resolution also includes language which enables the Club to participate in the US TRIA…

… and Ammonia has also increased. Ethane exports from the U.S. hit a record 492 000 barrels per day in 2024 (U.S. Energy Information Administration), while S&P Global Commodity Insights forecast that global…

… EU’s legislative bodies have adopted a revision of the EU ETS directive to include shipping from 2024. Inclusion of shipping in the EU Emissions Trading System (ETS) will involve the monitoring and…