Carbon Insurance: Empowering Risk Managers in Shipping’s Decarbonization
The shipping industry is experiencing a profound transformation. Decarbonization of the shipping industry is now an urgent mandate, reshaping operational practices and financial strategies alike. Amid this transformation, one constant remains: risk. Risk managers now find themselves at the forefront of navigating the complex challenges that accompany the industry’s shift toward lower emissions. Carbon insurance…
Quantifying the Unseen: Navigating Decarbonization Risks in Maritime Shipping with PsiDN
The recent 82nd session of the Marine Environment Protection Committee (MEPC 82) underscored the International Maritime Organization’s (IMO) commitment to achieve net-zero greenhouse gas (GHG) emissions by 2050, introducing draft amendments to the MARPOL Convention and emphasizing mid-term GHG reduction measures. However, with only six months until the next crucial IMO deadline, and amidst a…
Empowering SME Maritime Companies: The Crucial Role of Integrated Risk Management
Small and medium-sized enterprises (SMEs) in marine technology and maritime operations face both unprecedented opportunities and complex challenges. While many of these companies excel in operational efficiency and project management, a critical component often remains underdeveloped: a robust, integrated risk management framework. Establishing such a framework is not just a regulatory checkbox, it’s essential for…
Emerging Risks and Risk Trends for 2025: Navigating the Future of Shipping
As we look ahead to 2025, several emerging risks and trends are poised to impact the maritime industry significantly. Shipowners and operators will need to proactively manage these risks as part of a comprehensive risk management framework that integrates regulatory compliance, technological adaptation, financial resilience, and ESG commitments. Here are some of the key risks…
PsiDN Quarterly Risk Countdown: Navigating Maritime Risks and Opportunities in the Energy TransitionQ4 2024
Welcome to the PsiDN Quarterly Risk Countdown, where we rank the most pressing current risks, opportunities, and developments in the maritime industry. This countdown is an overview of some of the major items, considered relevant within a shipowners and operators comprehensive risk management framework, that aims to help strategically navigate the complexities of decarbonization, regulatory…
Maritime Decarbonization: Beyond Risk Management – Unlocking Opportunities Through Innovation, Investment, and Collaboration
Decarbonization in the maritime industry is gaining momentum, driven by a convergence of forces: regulatory mandates, voluntary commitments, and evolving market dynamics. However, decarbonization should not be viewed merely as a risk to be mitigated. As highlighted in recent industry discussions, it is also a significant opportunity for innovation, investment, and collaboration. While risk management…
Charting a Course to Decarbonization: How Economics, Regulatory Penalties, and Risk Management Are Steering Shipping’s Future
The decarbonization of the shipping industry is often presented as a technological challenge, but the reality is more complex. While innovative technologies and operational efficiencies play a role, the real drivers shaping the industry’s direction are macroeconomic forces, primarily influenced by regulatory fuel penalties, carbon costs, and the growing need for robust risk management strategies.…
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