Insurance, Legal & Finance
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NewsØrsted slashes headcount by 25%
Offshore wind leader Ørsted has confirmed it will cut its workforce by 2,000 as part of an ‘updated business plan and strategic priorities’.
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NewsMARITIME LAW FOCUS: Avoid subcontracting pitfalls
Businesses often rely on third parties to deliver specialist services or components, from hull fabrication and electrical systems to crew supply and technical design. Our regular legal column points out some potential pitfalls.
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NewsCorvus Energy secures funds for decarbonisation
Corvus Energy has raised US$60 million to expand maritime energy storage, driving global shipping decarbonisation
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NewsFugro cuts profit outlook because of ‘market conditions’
Dutch offshore data firm Fugro has blamed market conditions, particularly in oil and gas, for cutting its financial outlook for this year.
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NewsMARITIME LAW FOCUS: Avoid giving too many rights to customers
Marine businesses risk costly mistakes by accidentally giving commercial buyers consumer-style rights, warn lawyers Jennie Harris and Lucy Goff, from Ocean Legal, in their latest column for Maritime Journal.
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NewsØrsted cuts profit forecast after wind doesn’t blow
Danish offshore wind giant Ørsted has lowered its profit forecast because the wind didn’t blow as much as normal in July and August.
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NewsEU considers 10-year delay on shipping carbon taxes
The EU is considering delaying shipping fuel taxes for 10 years under a draft proposal that aims to stall energy tax reforms, news agency Reuters has reported.
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NewsUrgent call for opinions before workboat CO2 rules imposed
The Workboat Association (WA) has released an urgent reminder to small vessel owners in the UK to respond to the government’s Call for Evidence about decarbonisation legislation.
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NewsMaritime Law Focus: Health & safety processes are vital
When shipyards fail to put proper health and safety measures in place, it can lead to tragic and costly results. In their latest column for Maritime Journal, Ocean Legal’s Jennie Harris and Lucy Goff outline the risks and the processes needed to minimise them.
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NewsUK ETS warning: smaller vessels will be not be immune
The UK government’s interim response on the expansion of its Emissions Trading Scheme (ETS) will not affect vessels under 5000GT…. yet.
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NewsTugging at the law: How electric tugs will affect maritime
A deep dive look into the the implications of Europe’s first fully electric tug - the Volta 1
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NewsOPINION: The lesser known but vital role of the SCR
Waves Group CEO Simon Burnay shines a light on the Specialist Casualty Representatives who play a crucial but lesser known role when disaster hits at sea.
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NewsFishing industry delivers fresh blow to Equinor wind farm
Equinor’s Empire Wind 1 offshore wind farm in the United States has suffered a fresh setback – and this time not from the White House.
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NewsInland shipping fuels focus: Challenges of biofuels
The inland shipping sector, notably in Belgium and the Netherlands, stands at a crossroads, writes Francis Libert, Marine Underwriting Leader at the RSA Group. But insurers can help.
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NewsA dedicated capital partner for green port infrastructure
Seacap aims to remove financial barriers for ports seeking zero-emission solutions and infrastructure
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NewsVessel operators warned to prepare for imminent rule changes
The maritime industry is being warned to adopt fixed water monitors by 2026 to improve fire safety.
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NewsMinisters sign maritime pledge to shape EU strategy
“There is no strong Europe without a strong maritime economy,” EU maritime ministers agreed as they called for a clear strategy for the future.
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NewsMaritime Law Focus: Get your terms right!
A recent Court of Appeal decision has highlighted a risk that marine businesses might overlook: that insurance policies may not be enforceable if the correct terms have not been used in the contract.
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News£20 million finance facility opened to commercial marine
Finance has been made available to smaller commercial marine businesses in the UK by the British Business Bank, which has agreed a new facility with BFS Marine Finance.
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NewsMaritime Law Focus: Shareholders’ agreements
Marine legal experts Jennie Harris and Lucy Goff’s latest column explores the benefits of shareholders’ agreements.
