IUMI Eye Newsletter June 2021

Message from the President: Virtual environment

Welcome to the latest edition of the IUMI Eye publication. It is an ongoing reflection of the COVID pandemic that travel is proving difficult and...

IUMI Seoul 2021, 2–15 September (virtual event): Commencing countdown…

The countdown to the next IUMI conference has commenced and we are looking forward to welcoming you...

Ever Given – what it tells us about supply chains and large container vessels

On 23 March 2021 the container vessel Ever Given grounded in the Suez Canal while transiting northbound - and with...

IUMI Podcast update

Since our last newsletter we have been busy recording and are pleased to share three new podcasts with you. To begin IUMI’s very own Secretary General Lars Lange took to...

Court decision (ABN AMRO v RSA and others) arising out of the Transmar/Euromar cocoa trading collapse

The judgment in ABN AMRO Bank v RSA & others [2012] EWHC 442 is fascinating, perhaps the...

Decarbonisation: what’s in it for marine insurers?

Climate change is considered one of the most pressing issues of our time. It has also been identified by IUMI as a major concern to marine...

Regulating carbon emissions in global shipping: an evolving landscape

The spotlight is on global shipping to decarbonise. The sector is responsible for around 3% of global greenhouse gas...

Uniform interpretation of conventions – light at the end of the tunnel

There has been concern in the industry for some time now as to whether courts would interpret the applicable conventions as...

New output on container fire issues approved by MSC 103

IUMI had co-sponsored, together with the Flag States of Germany and Bahamas, the shipowner association BIMCO and the shipbuilder’s...

IUMI set to formalise its work on ESG issues

Sustainability considerations are having a major impact on the (marine) insurance industry and are “here to stay”. In light of the growing...

Report from the 103rd session of the Maritime Safety Committee (MSC)

The 103rd session of the Maritime Safety Committee (MSC) took place from 5 - 14 May 2021. Due to COVID-19, it was again held...

IUMI meets IACS in May 2021 for the annual technical meeting

The services classification societies provide to the shipping and offshore industry are very important for marine insurers. Rules and...

A digital view of accumulations

Recent incidents have emphasised the need to improve our ability to assess maritime accumulations. Proactive analysis of expected threats, such as hurricane season,...

Summary of the 8th session of the IMO’s Sub-Committee on Pollution Prevention and Response (PPR 8)

The Sub-Committee on Pollution Prevention and Response (PPR 8) met virtually for its 8th session...

Understanding risk to DP’s green ambitions

Recent years have seen a rapid increase in both interest and deployment of battery electric hybrid power systems in dynamic positioning...

Places of refuge on the IMO agenda - NCSR 8 (19-23 April)

The MSC Flaminia incident, which in 2012 fire-stricken was left adrift for weeks until finally granted a port of refuge in Germany, prompted...

10 years of the Latin American Association of Marine Underwriters!

On 6 May 2011, we finished drafting the statutes of ALSUM, the association that currently represents and trains the marine...

Nigeria: Pre-shipment challenges in Lagos

As rail transport for cargo is inexistent or inefficient, containers are transported by lorry between warehouses and Lagos ports. Transit to port terminals...

Online platforms, gatekeepers and the EU Digital Markets Act – new European Regulations in view for the maritime industry

The transition to digitalisation and automation is accelerating in the...

Social inflation: An American phenomenon with international implications

Part Two – The impact of social inflation on the insurance industry As discussed in the first article, social...