Our shipping law insights provide legal and market commentary, addressing the key questions and topics of interest to our clients operating in the shipping industry, helping them to effectively manage risk.
The knowledge of our global shipping lawyers encompasses every aspect of shipping law, including admiralty and marine-related matters. We provide the information charterers, marine insurance providers, ship financiers and shipowners need in order to navigate the changes and challenges facing the industry, including new environmental regulations and ship safety standards, the latest developments in shipping finance, and the move towards digitalization.
Legalseas – latest publication
In our latest Legalseas publication we provide analysis and commentary on the recent judgment of the Piraeus Bank AE v Antares Underwriting Ltd (and others) case. The decision concerned the extent of mortgagee interest insurance following the detention of the vessel ZouZou, in Venezuela for 14 months. The court confirmed that the mortgagee interest insurance policy was secondary to the War Risks Policy and so in this case the policy did not act as the backstop a mortgagee may have assumed.
You can read all our articles in the ‘Recent insights’ section below.
January 1, 2023: The CII regime and time chartering clauses
With the MARPOL regulations implementing the Carbon Intensity Indicator (“CII”) regime entering into force on January 1, 2023, there has been increasing interest in recent months in the potential impact of the regulations on charter parties and, in particular on long term time charters.
Sustainability-linked loans: Practical observations and thoughts
Sustainability linked loans (SLLs) have become increasingly popular in financings. This article looks at some practical observations and considerations for lenders in relation to the main characteristics, principles and elements to consider in relation to sustainability-linked loans.
Decarbonisation of FPSOs: A contradiction in terms?
Exploring how the carbon footprint of an FPSO can be reduced and the key drivers.
The ZouZou – Banks and their coverage (or lack thereof) under MII policies
The High Court decision in Piraeus Bank AE v Antares Underwriting Ltd (and others) will be of interest to mortgagees and the marine insurance market. The Court clarified the extent of coverage under mortgagee interest insurance policies (MII Policies), confirming that they are secondary and so will not necessarily be the backstop mortgagees have assumed
Decarbonising shipping: Where are we now?
Regulators have yet to force the sector to decarbonise, but larger shipping lines and operators are planning for a low-carbon future
EU Green Deal and Maritime Fuel
As we reported here, in July 2021, the EU published its update to the ‘green deal’, known as “Fit for 55” in reference to the 55% reduction in carbon emissions targeted for 2030.
EU ETS and Shipping
On 14 July, the EU Commission’s draft legislation to update the Green Deal, “Fit for 55” (referring to the 55% target reduction in carbon emissions by 2035) was released, containing a number of proposals which could impact the maritime sector.
Joint ventures in shipping: Complex but rewarding
Joint ventures have been prevalent in the shipping industry for many years.
Energy transition: Transforming change into opportunity
While global demand for energy continues to rise, increasing pressure to support the decarbonisation of the industry has...
Future of transport
Transitioning the sector to environment-friendly fuelled-transport modes will require significant investment and time.