Maritime News
  • Home
  • Breaking
  • Maritime News
  • Ports
No Result
View All Result
Maritime First
  • Home
  • Breaking
  • Maritime News
  • Ports
No Result
View All Result
Maritime First
No Result
View All Result
Home Maritime News

More infrastructure support required to facilitate insurance for Arctic sailings, urges IUMI

by Maritime1.com
29.08.2018
in Maritime News
0 0
Share on FacebookShareShare on Twitter

The change in ice conditions is opening the high Arctic as a trade route, fishing ground and potential tourism destination; but more infrastructure support is required to facilitate the provision of adequate insurance, says IUMI in a position paper released today.

Helle Hammer, IUMI’s chair of its Policy Forum and co-author of the position paper says:

“The marine insurance sector, like all sectors, wants to see enhanced safety for ships operating in Arctic waters. We would strongly encourage an improved infrastructure to provide the required level of search & rescue capacity alongside suitable places of refuge. We would also like to see updated surveys and more reliable charting of the region. This would assist marine underwriters to quantify the risks involved”.

IUMI’s position paper lists a number of considerations to be taken into account when assessing individual voyage risk. These include regional rescue and salvage facilities, potential places of refuge, expected weather conditions, experience of crew and the operational performance of the vessel itself.

Historical information – due to the current limited number of sailings and constantly changing ice conditions –  is not available and this is forcing marine insurers to take a more cautious approach to risk assessment.

Helle Hammer explains:

“When assessing risk for insurance purposes, historical loss data is a key factor, and that’s missing for Polar operations. This means that underwriters must assess each voyage on a case-by-case basis. Alongside the availability of suitable infrastructure, IUMI is encouraging insurers to consider the vessel’s Polar Ship Certificate and take into account the vessel operator’s level of preparedness and planning.”

IUMI is an active supporter of the Polar Code (International Code for Ships Operating in Polar Waters) as a method for lowering the risks associated with Arctic sailings. IUMI would also like to see an instrument in place for non-SOLAS vessels (ships of less than 500 GT, including fishing vessels) to ensure there is a safer regime for all vessels operating in Arctic waters.

IUMI believes the sharing of best practice is also important and is pleased to participate in the Arctic Shipping Best Practice Information Forum.

Related Posts

MOL, MOL Drybulk, J-ENG Sign Agreement for Trial of Hydrogen-fueled Engine equipped Onboard

by Maritime1.com
09.11.2021
0

TOKYO—Mitsui O.S.K. Lines, Ltd. (MOL), MOL Drybulk, Ltd., and Japan Engine Corporation (J-ENG) today announced the signing of a...

Mitsubishi Shipbuilding and NYK Line Agree to Jointly Develop a Large LCO2 Carrier

Mitsubishi Shipbuilding and NYK Line Agree to Jointly Develop a Large LCO2 Carrier

by Maritime1.com
09.11.2021
0

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, and Nippon Yusen Kabushiki Kaisha (NYK Line) have agreed...

Shipping the Critical Enabler in Global Transition, ABS Chairman, President and CEO Tells COP26

Shipping the Critical Enabler in Global Transition, ABS Chairman, President and CEO Tells COP26

by Maritime1.com
08.11.2021
0

Shipping is the critical enabler in the world’s transition to low carbon operations and needs Government support to ensure...

Rolls-Royce to supply MTU engines for 80-ton bollard pull tugboats in Brazil

Rolls-Royce to supply MTU engines for 80-ton bollard pull tugboats in Brazil

by Maritime1.com
08.11.2021
0

Rolls-Royce has secured a significant contract to supply eight of its mtu 16V 4000 M65L engines for four 80-ton bollard pull...

Scandlines orders zero emission ferry for the Puttgarden-Rødby route

Scandlines orders zero emission ferry for the Puttgarden-Rødby route

by Maritime1.com
08.11.2021
0

Scandlines has entered into a contract with Cemre Shipyard, Turkey, to build an emissionfree freight ferry for the Puttgarden-Rødby...

MOL and COSCO co-sponsor 3rd Shanghai International LNG Shipping forum

MOL and COSCO co-sponsor 3rd Shanghai International LNG Shipping forum

by Maritime1.com
08.11.2021
0

TOKYO—Mitsui O.S.K. Lines, Ltd. today announced that on November 6, it jointly hosted the Shanghai International LNG Shipping Forum...

NYK receives delivery of new VLCC Tateshina

NYK receives delivery of new VLCC Tateshina

by Maritime1.com
08.11.2021
0

The very large crude oil carrier (VLCC) Tateshina, owned by NYK, was delivered today. The vessel was built at...

Suez Canal Authority issued new resolutions concerning the fees of the transiting ships

Suez Canal Authority issued new resolutions concerning the fees of the transiting ships

by Maritime1.com
07.11.2021
0

Suez Canal Authority issued new resolutions concerning the fees of the transiting ships through the canal to be applied...

Navibulgar ordered a new series of four 45 500t bulk carriers

Navibulgar ordered a new series of four 45 500t bulk carriers

by Maritime1.com
07.11.2021
0

Navigation Maritime Bulgare ordered the building of four more 45 500t bulk carriers in the Chinese Shipyard Jiangsu New...

Maritime must be safe for women

Maritime must be safe for women

by Maritime1.com
07.11.2021
0

A brave female cadet recently published the horrific experiences of sexual assault she endured on board a vessel while...

Load More
Next Post

Investigations on the Harrier tighten as it reaches Turkey for recycling

Maritime First

© 2021 Maritime Firtst - by Maritime.bg.

Navigate

  • About
  • Contact Us
  • Home 1
  • Privacy

Follow Us

No Result
View All Result
  • Buy JNews
  • Homepage
    • Home – Layout 1

© 2021 Maritime Firtst - by Maritime.bg.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist