The IMO’s strategy is to reach net-zero on or around 2050. Associated with this, there is an on-going debate in shipping circles, including the marine insurance sector, regarding the adoption of alternative low carbon or zero carbon fuels that will be required if the industry is going to collectively achieve the IMO goals. The issues are complex and present shipowners with difficult decisions to take over the coming years, but also opportunities. These necessarily will involve long term strategy considerations regarding which technologies to adopt in an environment where much is still at the R&D stage in terms of ship/engine design, and significant unknowns remain around the future availability and suitability of fuels such as hydrogen, ammonia, and methanol.

To assist with developing internal knowledge and expertise to enable us to support our members through the transition, we've established an internal Navigating Decarbonisation Expertise Group (NDEG). The NDEG comprises individuals from the loss prevention, claims, FD&D, underwriting, and risk teams. Work streams underway include establishing guidance and Q&A documents; understanding individual members’ intentions concerning alternative fuels through survey and discussion; recording queries on alternative fuel issues logged by members; collating external reports and key documents; assessing claims trends and emerging risks; and liaising with third party stakeholders including the International Group of P&I Clubs.

The NorthStandard Clean Air Network (NS-CAN) has been established to act as a resource to the Expertise Group and a forum through which to share ideas and experience. Members of the panel include representatives from key industry bodies, national shipping associations, engine manufacturers, marine educational institutions, maritime law firms, other marine experts and NorthStandard's own membership.

Members

• Ampol  - Rajiv Kalra

• Ampol - Capt. Hemant Berry

• Ampol - Russell Savage

• Anglo Eastern - Prasad Nayak

• Brookes Bell - John Gibson

• CMC Marine - Richard Freemantle

• Foreship UK – Jan-Erik Räsänen

• Foreship UK – Shaun White

• FueLNG - Saunak RAI

• GCMD - Wei Jie Lau

• Global Physical Operations - Michael Green

• HFW - Alessio Sbraga

• HFW - Johanna Ohlman

• ICS Shipping - Chris Waddington

• ICS Shipping - Sunil Krishnakumar

• Intercargo - Ed Wroe

• Intertanko - Alimi Shahrul

• Intertanko - Mahyar Jokhi

• Intertanko - Younes Alouani

• ITOPF - Andrew Lemasurier

• ITOPF - Rachel Rayne

• Kumiai Navigation – Juluies Lee

• Lloyds Register - James Forsdyke

• Lloyds Register - Shane Balani

• LT Environmental - Lisa Lewis

• Maritime Industry Australia Limited - Angela Gillham

• Minerva Marine - Vaia Hatziyianni

• PO Ferries - Cris Crossley

• Rix Shipping - Nick Allen

• Singapore Shipping Association - Michael Phoon

• Singapore Shipping Association - Wong Shu Yi

• Solent University - Nadeem Anwaram

• Swire Bulk - Susana Germino

• Union Greek Shipowners - Eilas Sampatakakis

• WinGD - Roger Specker