International Maritime Organization (IMO) News

Large Shipping Losses in 2018 Drop to Lowest Level this Century but New Risks Emerge

Large shipping losses declined by more than 50% in 2018 from the previous year – their lowest level this century, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2019. In 2018, 46 large ships were …

Violations of IMO 2020 Emissions Rules for Shipping Could Hit Insurance Cover

Tougher rules on sulfur emissions from ships will come into effect next year in the biggest shake-up for the oil and shipping industries for decades. United Nations shipping agency the International Maritime Organization (IMO) met in London this week for …

UN Shipping Agency Seeks to Clamp Down on Rogue Shipping Companies

The United Nations’ shipping agency is working on tougher measures to clamp down on rogue shipping companies trying to use flag registries fraudulently to conceal their activities, officials said. All commercial ships have to be registered – flagged in a …

Ships Must Meet Emission Rules or Be Deemed ‘Unseaworthy,’ Lose Insurance: IMO

Ships which do not meet cuts to the amount of sulfur they can burn in their engines risk being declared “unseaworthy,” the International Maritime Organization (IMO) said on Thursday. Shippers and refiner are not sure how they will comply with …

Autonomous Cargo Ships Expected to Revolutionize (Disrupt) Shipping

BHP Billiton Ltd., the world’s biggest mining company, is studying the introduction of giant, automated cargo ships to carry everything from iron ore to coal as part of a strategic shift that may disrupt the $334 billion global shipping industry. …

Crewless Ships: Safer, Faster, Cleaner, Cheaper Future of Shipping – Opinion

It sounds like a ghost story: A huge cargo vessel sails up and down the Norwegian coast, silently going about its business, without a captain or crew in sight. But if all goes as planned, it’s actually the future of …

Insurers Must Stop Insuring Illegal Fishing Vessels: UBC Research

Rogue fishing vessels are able to secure insurance even after they have been red-flagged by international watchdogs for unlawful activity, according to research published by the University of British Columbia. “Restricting access to insurance could play a major role in …

Thawing Arctic Ice Creates New Environmental Risks as Shipping Routes Open

The Arctic is thawing even faster than lawmakers can formulate new rules to prevent the environmental threat of heavy fuel oil pollution from ships plying an increasingly popular trade route. Average Arctic temperatures are rising twice as fast as elsewhere …