Poseidon Principles for Marine Insurance
In this article, London Partners Toby Royal and Mike Phillips and Paralegal James Fitzjohn assess the rules and what they mean for the maritime insurance industry.
As the largest dedicated maritime legal practice in the world, we can steer your business through every aspect of this global industry.
Responding to the cyclical nature of the global maritime sector requires a deep understanding of trade patterns and investment priorities. For 35 years, our long-established and highly regarded team has helped clients confidently address the ups and downs of the shipping industry. As an industry leader (ranked Band 1 by Chambers & Partners for shipping in 11 jurisdictions including Asia-wide and Global), we continue to lead some of the most complex, cross border and high value maritime matters in the world.
We provide a full range of legal services to the maritime industry, advising our clients on finance, corporate matters, tax, regulatory affairs, employment issues, restructuring and dispute resolution. Areas of special expertise include maritime infrastructure, commercial shipping, container shipping and logistics, cruise, commercial contracts, disputes and regulatory, loan portfolios and restructuring.
Our unrivalled understanding of the shipping industry, and reputation for international financial expertise and commercial approach, attract clients from across the sector, including major shipowners, charterers, ship managers, P&I and FD&D insurers, investors, banks and other financiers with substantial shipping portfolios. With all our clients, we aim to build long-standing relationships and provide pragmatic, definitive advice.
The Sustainability Imperative
Sustainability concerns have rocketed up the shipping agenda over the past decade, with environmental, social and corporate governance (ESG) issues already influencing financing decisions, fleet renewal and regulatory change across the industry.
Drawing on a series of in-depth interviews and a global survey of 545 senior industry leaders, our report “The Sustainability Imperative” examines the shipping world’s views on sustainability and governance and what actions it is taking as result. It also asks how these issues might affect the way the shipping sector finances itself and even the very structure of the industry.
Click here to read the full report
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