New research has found that where cyberattacks in the maritime industry lead to a ransom payment, shipowners pay more than $3 million on average to the perpetrators. The report, which was produced by maritime cyber security company CyberOwl and global,…
CyberOwl, HFW Report: Maritime Industry Pays Average $3m Ransom In Cyberattacks Read More »
There cannot be many people left in the shipping sector unaware that the International Maritime Organisation (IMO) has set a target of reducing annual greenhouse gas emissions in shipping by at least 40% by 2030 and pursuing a 70% reduction by 2050. As…
EEXI and CII – shipping’s next environmental challenge Read More »
COP26 – the UN’s climate change conference – was held in Scotland in October/November 2021. Reviews of the global gathering have been mixed with some observers, including many environmental lobbyists, believing there was an overall failure to set susta…
What impact will COP26 have on the shipping sector? Read More »
A see-to-it guarantee is an undertaking by an entity to be answerable for the debt or obligation of another if the other party defaults. The essential feature is that liability under the guarantee depends on the defaulting party’s liability under the u…
Interpreting see-to-it and on-demand guarantees Read More »
Amid the wall of COP26 noise, at times it has been difficult to separate out the firm commitments and achievements of the last two weeks. But there is no doubt progress has been made in global maritime activity. Twenty-two countries, including the UK, …
Shipping Gets Ready for Green Corridors Read More »