NorthStandard News
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...
NorthStandard has launched ‘Fuel Insights’ - an exclusive real-time marine fuel intelligence service for members in partnership with Veritas Petroleum Services (VPS). Powered by VPS, the Fuel Insights digital platform offers real-time fuel procurement knowledge based on exclusive live data from the major provider of fuel quality testing and inspection services in the marine industry. Free-of-charge insights Bunkering and operations departments can use this range of data to improve...
The Nautical Institute (Singapore Branch) is pleased to announce the final speaker line-up and agenda for its 2024 Annual Conference, a cornerstone event at the Singapore Safety at Sea Week. This year’s conference, themed "Charting a Greener World – Dealing with Sustainability, Emergency Preparedness, and Seafarer Well-being," comes at a critical time for the maritime industry, as recent high-profile maritime casualties underscore the pressing need for innovative solutions...
The new NorthStandard website, launched delivers an array of digital resources and crucial, real-time operational insights. Next-generation website NorthStandard’s next-generation website lets users quickly access the latest high-quality content, a range of innovative digital resources, and features combined with personalised operational dashboards. Additionally, the site includes updates to the intelligence portal GlobeView and introduces the new 'Fuel Insights' platform. Mariti...
NorthStandard announces the departure of James Bean, a senior executive team member, following his decision to accept a role as Chief Executive Officer (CEO) of The London P&I Club. NorthStandard will not be replacing him as one of two Chiefs of geographical sectors. Steve Cockburn who currently shares the position with James, will assume sole responsibility. Jeremy's comments “It is with mixed feelings that we share this news,” said Jeremy Grose, Co-Managing Director of North...
The London P&I Club has announced that Ian Gooch will be stepping down during the year from the role of Chief Executive Officer after 15 years as CEO and 21 years as a Director of A. Bilbrough & Co., the Company that manages The London P&I Club. Subject to regulatory approval, Ian Gooch will be succeeded by James Bean, from NorthStandard P&I Club. NorthStandard’s senior leadership A qualified Solicitor, James Bean has worked within the marine insurance industry sin...
NorthStandard and Orca AI have entered an exclusive partnership that will see the global marine insurer encourage its members to adopt Orca AI’s market-pioneering automated situational awareness solution. Orca AI’s situational awareness platform is designed to ensure vessels can navigate safely in challenging weather conditions and through congested waters. The enhanced real-time situational awareness tool enables rapid and more informed operational decision-making, reducing the li...
P&I Club’s head of external affairs will discuss major events with pioneering experts in the weekly Alongside: Future Thinking podcast series. Pioneering P&I Club NorthStandard is launching a weekly podcast mini-series that will discuss the most pressing current geopolitical issues for the maritime industry. Key geopolitical developments NorthStandard Head of External Affairs, Mike Salthouse, will be hosting Alongside: Future Thinking, joined by experts from across the shipping...
NorthStandard has announced plans to open a new office in South Korea, one year after establishing its combined Asia Pacific headquarters in Singapore. The new Seoul office, initially to be staffed by Shang Doe Shim, a Claims Director currently based in the club’s Singapore office, will be operational from late Spring 2024. Asia's 8th office This will be NorthStandard’s eighth office in the Asia Pacific region, underlining the importance of the area to the club. N...
NorthStandard’s Strike & Delay class has introduced Weather Cover into its suite of risks, providing shipowners and charterers with the first-ever marine insurance protection to mitigate the threat posed to ships solely by adverse weather conditions. The global marine insurer has responded to market needs with a groundbreaking marine insurance product that offers up to eight days of cover against the risks of a ship being delayed in or outside a port due to bad weather, as part of its...