Global Marine News

In a major push toward decarbonising maritime logistics, President Jae-young Byeon of the Ulsan Port Authority (UPA) and Chief Executive Sun-bae Hong of the Korea Maritime Cooperation Centre (KMC) jointly announced the successful conclusion of the “2nd Forum on the Commercialisation of Biofuels for Maritime Vessels,” held on 23 April at the Caradium Hall of the PJ Hotel in Seoul. The forum, hosted by the Ministry of Oceans and Fisheries and co-organised by UPA and KMC, drew around 3...

The UK is well positioned to lead the safe development and deployment of new nuclear power systems for commercial ships and Floating Nuclear Power Plants (FNPPs), according to a new report from CORE POWER, NorthStandard and Lloyd’s Register (LR). Technology company CORE POWER, global marine insurer NorthStandard and maritime professional services provider LR have jointly published Advanced Maritime Nuclear: A unique opportunity for the UK.  Deployment of small nuclear reactors...

NorthStandard and NIORD have announced a new strategic partnership to build their offshore renewable energy underwriting business.    Under an agreement that comes into effect on 1 January 2025, global marine insurer NorthStandard will provide US$30M in additional capacity to insure fixed and floating wind farms as well as renewable devices. Risk management partnership The facility is part of a risk management partnership between renewables-focused NIORD and NorthStandard that...