The EU ETS, established in 2005, is the world’s first emissions trading system and remains the largest greenhouse gas (GHG) emissions trading system across multiple countries and multiple sectors.
The EU, G7 and Australia (the “Price Cap Coalition”) has recently introduced legislation and guidance effective 5 December 2022 intended to maintain the supply of Russian oil to world markets whilst at the same time reducing Russia’s earnings from its oil exports (the “Price Cap Scheme”).
Recently, and in particular during the summer period, the Club has noticed a spike in stowaway cases, hence the below article serves as a refresher on what is already known as well as an update on the practical problems and implications for Owners that may arise in connection with the disembarkation and repatriation of stowaways.
Following the recent incidents where two Greek-Flagged ships were seized by Iranian forces, the Combined Maritime Force (CMF) and the EU’s Naval Force (EUNAVFOR) have issued an Industry Releasable Threat Bulletin (IRTB) on the incident.
Members are advised from 20 February 2022 the procedure for paying claims related suppliers for claims on European Economic Area (“EEA”) risks is changing. The change applies only to risks written by UKNV.
On 14 July 2021 the European Commission adopted the EU's "Fit for 55" package which consists of a set of inter-connected proposals that will together deliver the EU's ambition of reducing its greenhouse gas ("GHG") emissions by at least 55% by 2030, compared to 1990 levels, and for the EU to become a climate neutral continent by 2050.
Members may be interested in the Danish Maritime Authority' press release dated 14 September 2020 discussing the new shipping routes recently established in Skagerrak and Kattegat
On Wednesday 19th September, the UK P&I Club hosted a seminar for Members, brokers and club correspondents at the Altes Madchen micro-brewery in Hamburg.
The UK P&I and UK Defence participated once again in the 51st International Andros Yacht Race "Ioannis V. Goulandris" which took place on 30 August -2 September 2018.
The Club continues to monitor the ongoing state of affairs in the Ukraine and Crimea closely. At present the situation remains in the balance pending the result of the general referendum on the future status of Crimea, to be held on the16th March 2014.
