5 minute read
Future fuels
Charlotte Røjgaard, Bureau Veritas’ Marine Fuel Services
days. Engine manufacturers and shipyards are working on the technology and the first ships capable of operating on ammonia are expected to be ready in a 3-4 years’ time. Hydrogen is considered an alternative but primarily for inland waterways. The future will be diverse with many different fuels depending on various factors such as ship type and route, combined with different technological developments to increase efficiency.
Alandia: Is there sufficient momentum in decarbonisation efforts given the timeframe we face and where does the pressure come from?
Charlotte: There is good momentum. The legislators put pressure on the shipping industry, but it is the consumers that truly add pressure these days. There is an increasing understanding among consumers leading to an increasing demand for sustainable production and transportation of the goods we buy. Large companies such as IKEA and H&M put pressure on their vendors, tightening the timeline. Sustainable transportation is likely to become a competitive parameter. Having said that, scientists warn that the climate is suffering, and global warming moves faster than predicted. Legislators currently discuss carbon taxes/ credits to apply further incentives to make the transition towards decarbonisation.
Alandia: How do current global events effect decarbonisation?
Charlotte: Our way of life has changed in the past few years. The pandemic has taught us that many business meetings can be managed online and that we do not have to be in the office to work efficiently. This results in less road/plane transportation thereby reducing our individual carbon footprint. However, with the world beginning to open up again, there is a longing to start going on vacation far from home and the emissions savings may to some extent be offset by increased travel for holidays. There is also the geo-political situation in Ukraine and increasing inflation will impact our daily lives because of rising prices. We live in an interesting time in which things that we took for granted only thee years ago have changed. We all need to change our habits and consumption pattern, taking individual responsibility to assist in decarbonisation efforts. With regards to commodities and manufactured goods, as long as they are located or produced far from where the consumer needs them, we should focus on how to transport them most efficiently thus minimising the carbon footprint per goods. Shipping is the most efficient way to transport goods so the closer we can take the goods by ship to where they are needed, the better the overall carbon picture.
On the move
We look back through the past month and catalogue, at time of going to press, those individuals within the marine insurance community who have moved companies or changed roles. Taken from our sister daily e-bulletin service Insurance Marine News
Risto Räty has been appointed new Director, Commercial Marine for Alandia. Alandia is an insurance company with focus on Marine, Cargo and Pleasure Boat insurance. Headquartered in Finland’s Aland islands at the entrance to the Baltic Sea, and with offices in Helsinki, Stockholm and Gothenburg, Alandia employs approximately 120 professionals. Räty has some 30 years of broad experience in the marine insurance industry and as a leader. He has for the past 10 years worked at Zurich Insurance in various roles within Marine Cargo, Property and Engineering lines of insurance. Prior to his career at Zurich, he worked at Marsh. He also has experience working as an underwriter within Pohjola. Räty will take up his role on June 27th, based in Helsinki. He will travel continuously to Alandia’s other offices in Mariehamn and Stockholm. The appointment is subject to regulatory approval.
l Two from MS Amlin join Dale
Lloyd’s carrier Dale Underwriting Partners is to enter the marine treaty market after recruiting MS Amlin duo Matthew Sims and Will Taylor. The pair will begin their work for Dale in November 2022. Both Sims and Taylor bring more than two decades of experience to their new roles. l MHG names Macmillan-Bell as Group CEO
International insurance brokerage and advisory firm MHG Insurance has appointed Alastair Macmillan-Bell as Group CEO of the MHG Group of Companies, effective May 23rd. He will be based in the Fort Lauderdale, Florida, offices. Andrew Dudzinski, Co-Founder and former Chairman and CEO, will take on new role as the group’s Executive Chairman.
l Lancashire Syndicates CEO Woolley to depart for AIG
Emma Woolley, CEO of Lancashire’s managing agency, has resigned from the firm to take up the role of global head of marine at AIG. Woolley joined Lancashire in January 2017 as compliance director before being promoted to CEO of Lancashire Syndicates Limited (LSL) in February 2019.
l Simon Collins to leave American Club managers
American Club has announced that Simon Collins will be relinquishing his role as Lead Market Liaison for the American Club and Eagle Ocean Marine (EOM) at Shipowners Claims Bureau (UK) Ltd. He will depart at the end of June.
Collins will continue as a consultant for a period after he steps down. Richard Linacre and Chris Lowe have been promoted to new roles within the London organization. Linacre will take over as Managing Director of Shipowners Claims Bureau (UK), Ltd. from the end of June, with Lowe assuming the role of Deputy Managing Director at the same time. They will continue in their senior market liaison roles for both the American Club and EOM in addition to undertaking their new executive duties.
l Gard announces Chief Operating Officer and General Counsel appointments
Gard on May 13th announced that Lars Lislegard-Bækken had been appointed Gard’s to the newly created role of Chief Operating Officer (COO). Ingvild Høgenes Nilsen has taken over as General Counsel. Lislegard-Bækken had served as Gard’s Chief Legal Counsel since 2018.
l Everest recruits Nick Lewis for marine in international insurance build: report
Nick Lewis has resigned from his position as head of marine, energy and terrorism at Antares Managing Agency to spearhead a launch into marine insurance at Everest Re. Lewis had been at Antares since 2013, when he joined from AGCS as a marine liability underwriter. He had been head of marine, energy and terrorism since December 2020.
l UK P&I Club appoints new risk assessor to its loss prevention team
UK P&I Club has appointed Colin Legget as a risk assessor in its London office.
Legget had served at sea for a number of years and has managerial experience, both onshore and offshore, operating vessels in the global offshore energy sector. He previously worked in onshore positions for GC Rieber Shipping Ltd. Offshore, Legget has sailed as a Deck Officer, as well as Party Manager and Client QHSE Representative in multi-vessel survey operations. He will report to Loss Prevention Director Stuart Edmonston and is rejoining the business after spending four years at the Club from 2004 to 2008.
