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Circular 12/25: ICA 2011 (as amended July 2025) The Inter-Club New York Produce Exchange Agreement (the ICA), which was originally formulated and entered into force in 1970, provides a simple…

Circular 11/25: Update of U.S. Sanctions Against Iran This circular provides an overview of the latest U.S. sanctions on Iran, based on publications from the U.S. Department of State and the Office…

Ask an Expert: Cyber risk management Cyber risks in shipping have come a long way since 2021, since the IMO introduced the requirement to include these in the Safety Management Systems. As the…

Ask an Expert: Sustainable Ship Recycling In this edition of Ask an Expert, we tackle a pressing issue facing many of our Members: sustainable ship recycling. As the maritime industry…

Directors' Report & Financial Statements 2025

Carbon Capture and the Risk of LCO₂ Shipping Introduction Carbon capture technology goes back as far as the 1920s or 1930s when solvents were used in an adsorption process to separate CO2 out from…

Circular: Carriage of Direct Reduced Iron (DRI) Introduction Direct reduced iron (DRI) in various forms is described in the International Maritime Sold Bulk Cargo (IMSBC) Code, (hereinafter, the…