Insurance, Legal & Finance

INDUSTRY NEWS

INDUSTRY NEWS

NorthStandard and Orca AI are working together to offer the global marine insurers’ members an automated situational awareness solution to manage safety risk.

13th March 2024

NorthStandard looks to AI for safer navigation

13th March 2024

INDUSTRY NEWS

INDUSTRY NEWS

Norwegian specialist marine insurance group Gard has published a study examining container stack losses when ships in this rapidly growing sector encounter bad weather at sea.

5th March 2024

Container losses at sea: Report

5th March 2024

INDUSTRY NEWS

INDUSTRY NEWS

Norwegian specialist marine insurance MGA (managing general agent) Hydor has taken a further step into smaller commercial vessel insurance with the acquisition of UK-based MGA Coastal Marine Services (CMS).

5th March 2024

Hydor expands small vessel insurance reach

5th March 2024

VESSELS

VESSELS

Diverse Marine’s second stock build is now underway - The Typhoon Class CTV, is equipped with zero-emission power management and resistance-reducing technology.

26th February 2024

Diverse begins its second Typhoon Class CTV build

26th February 2024

EQUIPMENT

EQUIPMENT

Maritime battery system developer EST-Floattech has been handed €4 million from its shareholders and an investment fund in Rotterdam.

21st February 2024

€4 million handed to maritime battery developer

21st February 2024

EQUIPMENT

EQUIPMENT

Marine electric product company RAD Propulsion has announced a £1 million (€1.1 million) boost from robotic and remote technology firm Ocean Infinity.

20th February 2024

RAD Propulsion announces £1m funding

20th February 2024

INDUSTRY NEWS

INDUSTRY NEWS

The Managing General Agent (MGA) Alta Signa has launched a new European marine underwriting business which will also cater for the comercial marine market.

24th January 2024

A joined-up approach to European commercial underwriting

24th January 2024

VESSELS

VESSELS

Diverse Marine has announced a programme for CTV owners and operators to finance or lease the vessels they need.

22nd November 2023

Diverse Marine launches UK first finance and lease programme

22nd November 2023

ENVIRONMENT

ENVIRONMENT

The European Commission has launched a ‘Wind Power Package’ to give the flailing sector a shot in the arm.

24th October 2023

EC pledges support package for wind power

24th October 2023

INDUSTRY NEWS

INDUSTRY NEWS

Since the UK’s departure from the European Union on 31 December 2020, there have been notable changes in working opportunities for seafarers.

6th October 2023

Seafarers post Brexit: Navigating the changes

6th October 2023

INDUSTRY NEWS

INDUSTRY NEWS

State-backed export credit agency Export Finance Norway (Eksfin) is providing NOK 2bn in loan financing to the Hai Long wind park in the Taiwan Strait.

2nd October 2023

Taiwan offshore wind wins Norwegian financial backing

2nd October 2023

SUBSEA SERVICES

SUBSEA SERVICES

Global Underwater Hub (GUH) is leading the charge to tackle failures in underwater cables which could derail global offshore wind ambitions.

27th September 2023

Subsea cable failures could derail offshore wind ambitions

27th September 2023

INDUSTRY NEWS

INDUSTRY NEWS

Iberdrola will receive a €500 million green loan from Citi and Eksfin for the construction and development of the UK’s East Anglia Three offshore windfarm.

30th August 2023

Iberdrola nets green finance for UK windfarm

30th August 2023

INDUSTRY NEWS

INDUSTRY NEWS

Following a decline in shipbuilding over the past century, the UK government has launched a National Shipbuilding Strategy Refresh Plan to boost the industry. Part of this is the UK Shipbuilding Credit…

23rd August 2023

Has UK shipbuilding been given a boost?

23rd August 2023

INDUSTRY NEWS

INDUSTRY NEWS

Norwegian marine insurer Hydor, which mainly targets the smaller vessel segment, has expanded its offering with the acquisition of EF Marine.

9th August 2023

Marine insurers combine to expand offering

9th August 2023

INDUSTRY NEWS

INDUSTRY NEWS

A new Shipbuilding Credit Guarantee Scheme (SCGS) has been launched by the UK government to help buyers access finance to UK-built vessels.

27th July 2023

UK government launches shipbuilding credit scheme

27th July 2023

INDUSTRY NEWS

INDUSTRY NEWS

Siemens Financial Services is helping Orkney-based Green Marine to grow its business whilst focusing on its sustainability commitments.

14th July 2023

Green Marine cash injection boosts growth

14th July 2023

ENVIRONMENT

ENVIRONMENT

Another £43 million (€39.8 million) has been made available by the UK government for winners of its fourth Clean Maritimes Demonstration Competition, which was launched today.

7th July 2023

UK launches 4th round of innovation funding

7th July 2023

INDUSTRY NEWS

INDUSTRY NEWS

Floating wind company BW Ideol has signed an agreement with state-owned financier ADEME Investissement in which they will each invest €40 million to develop offshore wind floating technology.

6th July 2023

BW Ideol secures €40m for new floating wind company

6th July 2023

INDUSTRY NEWS

INDUSTRY NEWS

Autonomous shipping and AI might create difficulties in establishing liability under the Hague Rules for maritime casualties, warns the chair of the Association of Average Adjusters.

18th May 2023

Autonomous ship errors: who’s to blame?

18th May 2023