In the final episode of the debarbonisation Future Thinking mini-series, Helen Barden is joined by Peter Jameson, Managing Director at Boston Consulting Group. They discuss holistic sustainability in the maritime industry, including economic sustainability, ESG factors, and the influence of global geopolitical factors on maritime decarbonisation. Peter offers insights on how companies can begin their sustainability journey, emphasizing collaboration, smart diversification, and strong leadership.

Highlights:

00:00 Introduction to Future Thinking Mini Series

00:45 Meet Peter Jameson: Maritime Decarbonization Expert

01:56 Defining Sustainability in the Maritime Industry

04:37 Current State of Sustainability in Shipping

07:15 Geopolitical Influences on Maritime Decarbonization

12:47 Navigating Trade Disruptions and Future Fuels

16:41 Top Tips for Companies to Enhance Sustainability

19:54 Conclusion and Final Thoughts

In this penultimate episode of the Future Thinking mini-series by North Standard, host Helen Barden is joined by Mikal Boe, Chair and CEO of CorePower, to discuss the role of scalable new nuclear power technology in maritime decarbonization. They delve into the potential of nuclear power to significantly reduce greenhouse gas emissions in the shipping industry, the challenges of integrating this technology, and the necessary changes in regulatory frameworks and public perception. The conversation covers the competitive costs of nuclear-powered ships, the importance of commercial insurability, and the future operational models of nuclear-powered maritime vessels.

Highlights:

00:00 Introduction to Future Thinking Series

00:21 Guest Introduction: Mikal Boe of CorePower

00:49 The Role of Nuclear in Maritime Decarbonisation

01:54 Challenges and Technological Developments

05:44 Commercial Viability and Cost Analysis

11:21 Public Perception and Regulatory Landscape

21:20 Future of Nuclear-Powered Ships

25:39 Conclusion and Next Episode Preview

In this episode of Future Thinking, Helen Barden talks to Ros Blazejczyk, Managing Partner at Solis Marine, about ship decarbonization efforts in the maritime industry. Ros details Solis Marine's projects involving ammonia as a marine fuel, including retrofitting and new build options, and discusses the various challenges and safety considerations associated with implementing new fuel technologies on existing vessels. They also touch on the broader implications for ship design, safety regulations, and the economics of retrofitting versus new builds.

Highlights:

00:00 Introduction to Future Thinking Miniseries

00:25 Guest Introduction: Ros Blazejczyk from Solis Marine

00:39 Solis Marine: Background and Services

01:46 Ammonia as a Future Fuel for Shipping

03:31 Challenges of Retrofitting vs. New Builds

07:01 Energy Density and Fuel Storage Issues

09:38 Hybrid Systems and Future-Proofing Designs

11:39 Safety Considerations in Ship Design

15:42 Regulatory Challenges and Cost Implications

20:06 Retrofitting Ships for Decarbonization

22:27 Conclusion and Next Episode Preview

In this episode of the Future Thinking decarbonisation mini-series from NorthStandard, Helen Barden is joined by Stinne Taiger Ivo, Deputy Secretary General at BIMCO. They delve into the complexities of maritime decarbonisation and discuss how BIMCO aids the industry with regulations, contracts and clauses. They also explore the challenges of implementing the Carbon Intensity Indicator regulations and the progress made in fostering better data sharing and operational efficiency between ship owners and charterers. They also look at the broader regulatory landscape impacting maritime decarbonisation.

Highlights:

00:00 Introduction to Future Thinking Miniseries

00:18 Guest Introduction: Steena Taiger Ivo from BIMCO

01:08 BIMCO's Role in Maritime Decarbonisation

03:30 Challenges with CII Regulations

08:08 Data Collection and Energy Efficiency Clauses

12:11 Fuel EU Maritime Regulation

21:26 Future Clauses and Industry Needs

24:46 Conclusion and Upcoming Episodes

In this episode of Future Thinking from NorthStandard, Helen Barden is joined by James Forsdyke, Managing Director of the Lloyds Register Maritime Decarbonisation Hub. They discuss the establishment and objectives of the hub, its focus on advancing safety and risk management for future maritime fuels, and the importance of engaging industry partners in the transition towards decarbonisation. They also explore the critical role of human safety in implementing new fuel systems and the need for industry-wide standards to ensure the safety of maritime workers.

Highlights:

00:00 Introduction to Future Thinking

00:28 Meet James Forsdyke: Background and Role

00:42 The Maritime Decarbonisation Hub: Structure and Goals

02:50 Impact of IMO's Greenhouse Gas Strategy

05:01 Addressing Risk and Safety in Future Fuels

07:12 Human-Centric Safety in Maritime

12:40 Learning from Other Industries

15:31 Collaborative Efforts for Safety Standards

17:26 Conclusion and Next Episode Preview

In this second episode in the 'Taking on tomorrow together' series, NorthStandard Managing Directors Jeremy Grose and Paul Jennings look at the financial results for the first year of the merger. They also discuss the accident in Baltimore Harbour involving the Dali, and the impact on shipping of such a high profile incident. Plus they look ahead to the next year and beyond for NorthStandard, and some of the work being carried out in External Affairs and digitisation.

Highlights:

00:00 Introduction and Episode Overview

00:43 Discussing the Baltimore Bridge Incident

02:59 Financial Results and Achievements

04:31 Specialty and Blue Water Business Performance

05:10 Global Context and Future Objectives

06:12 Building NorthStandard's Culture

11:09 Sustainability and Customer Experience

13:40 Conclusion and Final Thoughts

Please note: this episode was recorded on May 16th 2024.

In this episode we speak to a company at the heart of a major operation to transfer more than a million barrels of oil from a decaying floating storage and offloading unit (FSO) off the coast of Yemen.

The operation to remove the oil from the FSO Safer was sanctioned by the United Nations and took place to prevent a major environmental disaster. It meant months of planning, as well as negotiations with the local Houthi leaders, to ensure the transfer could take place safely.

A team from SMIT Salvage, part of Boskalis, led the operation. We hear from Operations Manager Paul Van ‘t Hof and Robert Meijer, who is Manager of Projects, who were both in Yemen as the transfer took place. We are also joined by Joseph Divis, Underwriting Director, Offshore & Renewables at NorthStandard, to look at how NorthStandard helped ensure this operation could take place.

Highlights:

01:52 North Standard's Role and Relationship with Smit Salvage

03:03 Challenges and Complexities of the FSO Safer Project

04:45 Security Concerns in a War Zone

06:01 Multi-Agency Coordination and Approval

09:27 Personal Reflections and Safety Measures

13:30 Technical Aspects of the Oil Transfer Operation

15:00 Execution and Completion of the Operation

18:42 Lessons Learned and Final Thoughts

‘Taking on tomorrow, together’ is a special mini-series within NorthStandard’s ‘Alongside’ podcast. 

In this episode, NorthStandard Managing Directors Jeremy Grose and Paul Jennings talk about the recent merger, review some of the achievements from NorthStandard’s first year (including recent renewal results) and look ahead to the next year and beyond. 

Highlights:

00:40 Reflecting on NorthStandard's First Year

03:14 Key Milestones and Achievements

04:18 Renewal Results and Financial Outlook

05:14 Industry Reactions and Challenges

09:44 Adapting to Global Events

12:20 Geographical Expansion and New Initiatives

14:55 Corporate Social Responsibility and Sustainability

17:09 Looking Ahead: Future Goals and Vision

Please note: this episode was recorded just a few days before the P&I renewal date of 20 February 2024.

In this episode of the Alongside: Future Thinking mini-series from NorthStandard, Mike Salthouse is joined by Brendan Moore, CEO of SynMax. 

SynMax is a Houston-based satellite analytics and intelligence company which uses its latest technology to track vessels that turn off the Automatic Identification System (AIS). 

Mike and Brendan discuss the challenges facing authorities in tracking and countering efforts by vessels to avoid detection. 

Highlights:

00:33 Challenges in Sanctions Enforcement

02:26 Evolving Tactics in Maritime Sanctions

03:47 State-Level Spoofing and Advanced Evasion Techniques

06:15 Government vs. Commercial Capabilities

09:00 Future Technological Developments

09:44 Red Flags in Sanctions Breaking

11:19 Collaboration Between Governments and Industry

In this episode of Future Thinking, Mike Salthouse is joined by Olga Dimitrescu, Head of Engagement, Oil Price Cap, at the UK Office of Financial Sanctions Implementation, HM Treasury. 

They discuss the objectives of the Oil Price Cap, its achievements so far and implications for the shipping industry. 

They also talk about changes to the attestation process planned to take effect on February 19th 2024.

Highlights:

01:12 Understanding the Oil Price Cap

02:17 Impact and Success of the Oil Price Cap

04:08 Future Changes and Compliance

05:06 New Attestation Process Explained

10:18 Addressing the Parallel Fleet

14:29 Compliance Advisory and Final Thoughts