Liabilities relating to Maritime Autonomous Surface Ships (MASS) are now eligible to be covered within the International Group of P&I Clubs’ pooling arrangements across all levels of autonomy, including fully unmanned vessels. The announcement follows the recent approval of the IMO MASS Code, which is the first global framework for the safe operation of autonomous vessels, albeit on a non-mandatory basis until around 2032. The availability of poolable insurance for autonomous vessels will be subject to individual Club underwriting considerations, said the Group, with compliance with flag and class requirements remaining key. ‘The approval of the IMO MASS Code and […]

Seacap, a capital partner for ports, and technology company Shorly, which is a newly established subsidiary of shore power specialist Havnekraft AS, have formed a strategic partnership to support ports in their decarbonisation efforts. Behind both Havnekraft and Shorly are Haugaland Kraft AS and Karmsund Port Authority (Karmsund Havn IKS), which have been instrumental in developing and operating port energy solutions for several years. Styrk Bekkenes, Partner at Seacap, commented: ‘We see a clear demand for comprehensive solutions in the market, with many ports seeking a more predictable path through the green transition. ‘Together with Shorly, we are forming a […]

Nordic B2B software investor Monterro has become the new majority owner of Grieg Connect in a move intended to support the maritime digital solutions company’s next phase of growth, including expansion into international markets and using AI to strengthen its product offering. Grieg Connect’s SaaS platform digitalises and automates mission-critical processes including port call management, berth planning and invoicing. ‘Grieg Connect has many of the qualities we value most in a software company,’ said Christian Walther, Transaction Lead at Monterro. ‘Its technology supports business-critical port operations, it has been built on deep maritime expertise, and it addresses a large market […]