NorthStandard News
NorthStandard has appointed Kate Kwiatkowska as its new Head of Sustainability to drive forward a key part of the marine insurer’s long-term strategy. Joining from Fintel plc, where she served as Head of ESG and Corporate Marketing, Kate will be responsible for engaging with NorthStandard members, brokers, employees, and other stakeholders, developing the role sustainability plays in overall strategy and reviewing the Club’s sustainability priorities on an ongoing basis. She will al...
The Dark Fleet refers to a network of vessels that operate outside of standard maritime regulations, often used to transport sanctioned goods such as oil. These shadowy vessels are also referred to by terms such as Parallel Fleet and/or Shadow, Gray or Ghost fleet. The terms are all manifestations of the same thing – ships that are owned, structured, and operated to avoid exposure to sanctions. Fleet of ships “In fact I would prefer that we use the term Parallel Fleet because it m...
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 has finished a challenging year for global marine insurance, reporting an increase in poolable tonnage and continuing progress towards meeting its strategic goals. Marine insurers worldwide saw a rise in the number of large claims in the year ending 20 February, alongside compromised Asia-Europe ship routeing choices and a growing number of ‘shadow’ tankers seeking cover outside the International Group of P&I Clubs system. NorthStandard’s premium income Nev...
NorthStandard has announced an exclusive collaboration with pioneering maritime digital decarbonisation experts BetterSea. The new partnership will allow NorthStandard members heavily discounted access to the BetterSea FuelEU Maritime Compliance service, including its in-house digital support resources. GHG intensity of energy New FuelEU Maritime reporting requirements for shipping companies began on January 1 2025 The new FuelEU Maritime reporting requirements for shipping companies began...
NorthStandard has launched a new H&M and P&I product for smaller commercial vessels, typically up to 10,000 gross tonnes. The new offering will also include War, Loss of Hire and other ancillary Hull covers and will be serviced by NorthStandard’s Sunderland Marine and Coastal & Inland teams together. The new product is available across the global marine insurer’s network worldwide, with momentum expected to build around NorthStandard’s established regional strength...
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...