Alongside
Business og økonomiPolitikk og nyheterNorthStandard‘s podcast features thought-provoking discussions on news and topics in the maritime industry. We talk with experts from the club and special guests in the field from around the world
Siste episoder av Alongside podcast
- Becoming the Marine Insurer of Choice (00:19:16)
In this special episode of ‘Alongside’ – the third in the 'Taking on tomorrow, together' series, host Kait Borsay is joined by Managing Director Paul Jennings and Chief Financial Officer Nick Jelley. They discuss NorthStandard's latest Annual Review results, delve into significant incidents from the past year, and explore the impact of global geopolitical events on the shipping industry. The episode highlights the company's financial stability, its strategic vision to become the marine insurer of choice, and its initiatives to invest in its people and future innovations. 00:26 Meet the Guests: Paul Jennings and Nick Jelley00:58 Jeremy Grose's Adventure Race02:09 Impact of the Baltimore Harbour Incident04:12 Global Geopolitics and Shipping05:58 Annual Results Overview12:16 Financial Stability and Future Vision13:11 Strategic Goals and Initiatives16:10 Investing in People and Future Projects
- Future Thinking S3 E4: Securing the Future: Cyber Threats in Shipping (00:21:26)
In this episode of the Future Thinking mini-series from NorthStandard, Helen Barden is joined by Kimberly Tam of the Alan Turing Institute and the University of Plymouth discuss the prevalence of cyber attacks in the maritime industry and the role of AI in defending against these threats.The conversation explores the types of cyber attacks common in the sector, the challenges in detecting and reporting them, and the vulnerabilities at different stages of AI development.They look at how AI can assist human analysts in managing cyber security and the importance of industry-wide communication and training to bolster cyber resilience. The episode also addresses the costs of cyber incidents and the need for improved information sharing across the maritime industry.00:38 Prevalence and Types of Cyber Attacks in Shipping02:28 AI's Role in Cyber Defence04:32 Vulnerabilities of AI to Cyber Attacks06:02 Cyber Risks in the Maritime Industry08:17 Cost Impacts of Cyber Attacks10:14 Improving Cyber Resilience through Information Sharing15:25 Ensuring Cyber Security in Autonomous Vessels18:51 Top Tips for Cyber Awareness and Communication
- Future Thinking S3 E3: Charting a Digital Course with AI in Shipping (00:21:22)
NorthStandard’s Helen Barden discusses the transformative role of AI in the shipping industry with Professor Adam Sobey from the Alan Turing Institute. Professor Sobey explains the basics of artificial intelligence, machine learning, and data science, emphasising their applications in ship design, manufacturing and operations.The conversation explores AI's potential to optimise vessel efficiency, enhance safety protocols, support the energy transition, and improve regulatory compliance.Additionally, they address industry hesitancy towards AI adoption, workforce implications, and the importance of integrating human learning with AI. Professor Sobey also highlights ongoing initiatives to democratise AI through no-code approaches and the role of educational efforts in preparing future engineers for a data-driven industry.00:43 Understanding Artificial Intelligence02:35 AI in Ship Design and Manufacturing05:00 AI's Role in Emission Detection and Enforcement07:48 The Future of Autonomous Shipping10:09 Overcoming Hesitancy and Embracing AI14:37 Scaling Up AI in the Industry18:25 Human-Machine Learning in AI
- Future Thinking S3 E2: Leading the Maritime Shift: Insights on New Technologies (00:23:17)
In this episode of Future Thinking, Thetius founder Nick Chubb talks to NorthStandard’s Helen Barden about the transformative impact of digitalisation and decarbonisation on the maritime industry.They explore the challenges and opportunities of integrating new technologies, the importance of data quality and standardisation and the role of regulation in driving industry-wide change.Nick emphasises a strategic approach to innovation and the potential of generative AI to revolutionise shoreside operations.00:32 Thetius: Digitalisation and Decarbonisation01:57 Challenges and Opportunities in Maritime Technology03:36 Historical Perspective on Technological Transformation05:34 Adopting New Technologies in Maritime08:23 Investment and Policy in Decarbonization11:38 The Role of Regulation and Culture in Innovation18:06 Generative AI: Transforming Maritime Operations19:57 The Importance of Data Quality
- Future Thinking S3 E1: Smarter Seas: Shipping In A Digital Age (00:27:15)
In this first episode of Future Thinking Season Three, Mike Salthouse explores the impact of new technologies on the maritime industry with futurist K.D. Adamson.The discussion addresses the misconception that technology alone will shape the future, emphasising that values and adaptability are critical. Topics covered include the vulnerabilities of the shipping industry to technological advances, the implications of cyber threats, the shift from optimisation to resilience in business practices, the challenges and opportunities presented by AI, and the transition to low and zero-carbon fuels.The conversation also highlights the importance of focusing on the human element within the industry, particularly seafarers' needs and the broader environmental impacts of shipping. The episode concludes by advising ship owners on investing in sustainable, adaptable assets in an uncertain technological landscape.00:34 The Role of Technology in Shipping01:19 Values Over Technology03:59 Challenges of Globalisation and Cybersecurity10:38 AI in the Maritime Industry14:00 Transition to Low Carbon Fuels16:45 Future of Seafaring Careers20:45 Blind Spots and Opportunities23:13 Advice for Ship Owners
- Reflections & Forecasts: NorthStandard’s Year in Review (00:19:23)
In this episode of 'Taking on tomorrow, together', Kait Borsay talks to NorthStandard’s Managing Directors, Jeremy Grose and Paul Jennings. They discuss the renewal period, recent company achievements, and key global issues affecting the maritime industry. The conversation covers NorthStandard's performance, including claims volatility, geopolitical impacts and future innovations. Special attention is given to the dual leadership experience of Grose and Jennings, and their focus on maintaining NorthStandard's industry relevance amid changing global conditions.00:31 Meet the Managing Directors01:33 Renewal Insights05:09 Claims and Business Impact06:45 Global Industry Issues09:26 Achievements and Innovations11:23 Future Outlook and Key Focus Areas18:10 Final Thoughts and Conclusion
- The Human Element: Prioritising Crew Welfare in Global Shipping (00:19:05)
In this episode of Alongside Kait Borsay delves into the critical issue of crew welfare. With guests Captain Yves Vandenborn, NorthStandard’s Head of Loss Prevention and Captain Kuba Szymanski, Secretary General of InterManager, the discussion focuses on the physical, mental, and social well-being of seafarers.The episode explores best practices, the impact of global events, the importance of social cohesion, evolving challenges, and future improvements in crew welfare, including the role of technology and communication advancements.01:09 Understanding Crew Welfare02:18 Best Practices for Crew Welfare04:33 Challenges in High-Risk Areas05:44 Key Issues Affecting Seafarers08:37 Modern Day Challenges13:51 Future of Crew Welfare
- The Jones Act and U.S. Shipping: Essential Insights (00:23:48)
In this episode of Alongside, the podcast from NorthStandard for the shipping industry, host Kait Borsay explores the Jones Act, a fundamental U.S. law regulating maritime commerce. With guests Emma Jones, Senior Associate at Blank Rome LLP, and Gina Venezia, President and Head of Commercial Americas for NorthStandard, the discussion delves into the cabotage laws enforced by the Act and its personal injury provisions unique to the U.S. maritime context. They examine the Act's historical roots, modern impacts on the shipping industry, including offshore activities, enforcement mechanisms by U.S. Customs and Border Protection, and the stringent penalties for violations. The episode provides valuable insights into how the Jones Act affects merchandise transportation, injury remedies for seamen, and the evolving challenges within maritime law.00:13 Understanding the Jones Act00:42 Key Issues and Implications02:19 Detailed Discussion on Cabotage02:59 Offshore Activities and the Jones Act05:47 Waivers and Exceptions07:21 Enforcement and Penalties09:19 Challenges for Shipping Companies13:22 Offshore Activities and Foreign Vessels17:28 Jones Act and Injury Remedies21:50 General Maritime Law and Additional RemediesThis episode of Alongside is an edited version of a longer conversation featuring Emma Jones and Gina Venezia. Therefore some answers are less detailed than they were originally.
- The Next Wave: The Future of Fish Farming (00:23:53)
In this episode of Alongside we discuss aquaculture, one of the fastest growing food-producing sectors in the world. Aquaculture involves the farming of fish, shrimps, seaweed and molluscs and has been practiced for thousands of years. But as it becomes a more vital part of the world’s farming sector, there are many challenges as well as opportunities. We hear from Gareth Butterfield, Commercial Director at ReelData Incorporated and Allan Lyons, Risk Management Surveyor with Sunderland Marine (which is part of NorthStandard) about those challenges, particularly the impact of climate change, pressures from legislation and the development of new technologies.00:00 Introduction to Aquaculture00:53 Growth and Evolution of Aquaculture02:43 Challenges and Criticisms in Aquaculture04:56 Focus on Salmon Farming08:15 Land-Based Aquaculture16:24 Technological Innovations in Aquaculture19:31 Future of Aquaculture and Insurance Challenges22:54 Conclusion and Closing Remarks
- Welcome to Alongside (00:01:48)
Welcome to "Alongside", the podcast for anyone interested in maritime matters or who works in in the maritime sector. We examine the news, opportunities and challenges affecting the maritime industry around the world with leading industry figures .Please follow or subscribe, and for more details visit the website
- Future Thinking: How geopolitics impact maritime sustainability (00:20:35)
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 Series00:45 Meet Peter Jameson: Maritime Decarbonization Expert01:56 Defining Sustainability in the Maritime Industry04:37 Current State of Sustainability in Shipping07:15 Geopolitical Influences on Maritime Decarbonization12:47 Navigating Trade Disruptions and Future Fuels16:41 Top Tips for Companies to Enhance Sustainability19:54 Conclusion and Final Thoughts
- Future Thinking: The roadmap to bring nuclear to commercial shipping (00:26:24)
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 Series00:21 Guest Introduction: Mikal Boe of CorePower00:49 The Role of Nuclear in Maritime Decarbonisation01:54 Challenges and Technological Developments05:44 Commercial Viability and Cost Analysis11:21 Public Perception and Regulatory Landscape21:20 Future of Nuclear-Powered Ships25:39 Conclusion and Next Episode Preview
- Future Thinking: Getting the world’s first ammonia fuelled vessel on the water (00:23:15)
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 Miniseries00:25 Guest Introduction: Ros Blazejczyk from Solis Marine00:39 Solis Marine: Background and Services01:46 Ammonia as a Future Fuel for Shipping03:31 Challenges of Retrofitting vs. New Builds07:01 Energy Density and Fuel Storage Issues09:38 Hybrid Systems and Future-Proofing Designs11:39 Safety Considerations in Ship Design15:42 Regulatory Challenges and Cost Implications20:06 Retrofitting Ships for Decarbonization22:27 Conclusion and Next Episode Preview
- Future Thinking: How the maritime energy transition is keeping BIMCO busy (00:25:41)
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 Miniseries00:18 Guest Introduction: Steena Taiger Ivo from BIMCO01:08 BIMCO's Role in Maritime Decarbonisation03:30 Challenges with CII Regulations08:08 Data Collection and Energy Efficiency Clauses12:11 Fuel EU Maritime Regulation21:26 Future Clauses and Industry Needs24:46 Conclusion and Upcoming Episodes
- Future Thinking: Putting the seafarer first in alternative fuel ship design (00:18:18)
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 Thinking00:28 Meet James Forsdyke: Background and Role00:42 The Maritime Decarbonisation Hub: Structure and Goals02:50 Impact of IMO's Greenhouse Gas Strategy05:01 Addressing Risk and Safety in Future Fuels07:12 Human-Centric Safety in Maritime12:40 Learning from Other Industries15:31 Collaborative Efforts for Safety Standards17:26 Conclusion and Next Episode Preview
- Shaping NorthStandard's Future (00:15:34)
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 Overview00:43 Discussing the Baltimore Bridge Incident02:59 Financial Results and Achievements04:31 Specialty and Blue Water Business Performance05:10 Global Context and Future Objectives06:12 Building NorthStandard's Culture11:09 Sustainability and Customer Experience13:40 Conclusion and Final ThoughtsPlease note: this episode was recorded on May 16th 2024.
- FSO Safer: Race against the clock (00:21:48)
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 Salvage03:03 Challenges and Complexities of the FSO Safer Project04:45 Security Concerns in a War Zone06:01 Multi-Agency Coordination and Approval09:27 Personal Reflections and Safety Measures13:30 Technical Aspects of the Oil Transfer Operation15:00 Execution and Completion of the Operation18:42 Lessons Learned and Final Thoughts
- Taking on tomorrow, together: Episode 1 (00:21:03)
‘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 Year03:14 Key Milestones and Achievements04:18 Renewal Results and Financial Outlook05:14 Industry Reactions and Challenges09:44 Adapting to Global Events12:20 Geographical Expansion and New Initiatives14:55 Corporate Social Responsibility and Sustainability17:09 Looking Ahead: Future Goals and VisionPlease note: this episode was recorded just a few days before the P&I renewal date of 20 February 2024.
- Future Thinking: Sanctions compliance: tracking the untrackable (00:13:26)
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 Enforcement02:26 Evolving Tactics in Maritime Sanctions03:47 State-Level Spoofing and Advanced Evasion Techniques06:15 Government vs. Commercial Capabilities09:00 Future Technological Developments09:44 Red Flags in Sanctions Breaking11:19 Collaboration Between Governments and Industry
- Future Thinking: Russian Oil Price Cap enforcement (00:16:10)
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 Cap02:17 Impact and Success of the Oil Price Cap04:08 Future Changes and Compliance05:06 New Attestation Process Explained10:18 Addressing the Parallel Fleet14:29 Compliance Advisory and Final Thoughts
- Future Thinking: What to expect from a second Trump presidency (00:15:14)
In this episode of the Alongside: Future Thinking mini-series from NorthStandard, Mike Salthouse is joined by David Peyman, who serves as counsel to the world's largest maritime, financial, energy, and pharmaceutical sector actors. David served in the White House under Donald Trump as the State Department's sanctions chief between 2018 and 2020, and was responsible for managing 25 sanctions programs including Iran, Russia, China and Venezuela. Mike and David discuss what a second Trump term might look like for the shipping industry.Highlights:00:15 Meet David Payman: Sanctions Expert00:48 Sanctions Under the Trump Administration02:33 Impact of Sanctions on Iran05:00 Perceptions of the Shipping Industry07:17 Changes Under the Current Administration08:22 What to Expect from a Second Trump Administration11:49 Guidance for the Shipping Industry
- Future Thinking: Ship security in the Red Sea and beyond (00:21:43)
In this episode of the Alongside: Future Thinking mini-series from NorthStandard, we look at the crisis in the Red Sea and what the impact will be on shipping in the medium and long term. Mike Salthouse is joined by John Thompson, a former British Army officer who led Security Planning for the Olympic Delivery Authority in the run up to the London Olympics. He is also the co-founder of Ambrey, the largest provider of maritime security services globally. Highlights:01:21 Global Shipping Security Concerns in 202404:20 Aerial Threats and Maritime Security07:53 Ship Owners' Preparedness and Response14:20 The Resurgence of Somali Piracy17:55 Emerging Global Maritime Threats
- Future Thinking: Geopolitical forecast for 2024 (00:17:45)
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 Salvage03:03 Challenges and Complexities of the FSO Safer Project04:45 Security Concerns in a War Zone06:01 Multi-Agency Coordination and Approval09:27 Personal Reflections and Safety Measures13:30 Technical Aspects of the Oil Transfer Operation15:00 Execution and Completion of the Operation18:42 Lessons Learned and Final Thoughts
- Strike & Delay: Forecasting global maritime disruption (00:20:24)
In this episode we look at how the industry calculates risk with regards unexpected disruptions, both in port and at sea.The Strike and Delay Class at NorthStandard insures shipowners and charterers against lost income or profit caused by delays arising from 30 different risks.These include typical P&I and H&M risks, but more relevant for today, the class specialises in force majeure risks - in other words those that are outside the control of companies.That means things such as disease, extreme weather, war, terrorism, labour unrest, strikes, civil disturbance, protest, revolution and supply chain disruption.We talk to Columb Strack, who works with a team looking at some of these risks.He is Head of Global Cargo Risk at S&P Global Market Intelligence, which provides forward-looking actionable intelligence and risk quantification on political and security risks affecting marine and other sectors.Also on the show is Nick Rowe, Head of the Strike & Delay Class of NorthStandard to explain how the company supports its members with regards these areas of risk.Highlights:00:31 Understanding Risk and Insurance Solutions01:16 Expert Insights: Predicting Geopolitical Risks02:42 Impact of the Pandemic and Ukraine War08:04 Focus on Ukraine: Maritime Implications12:54 Middle East and Gulf Region: Geopolitical Risks16:59 Europe: Strike Actions and Economic Challenges19:31 Conclusion and Final Thoughts
- Meeting the demands of ESG considerations in maritime casualty management (00:24:03)
This episode looks at environmental, social and governance (ESG) during complex shipping disasters. What are the risks and opportunities when managing these large-scale incidents? We explore whether that can be done in a way that balances the interests of those directly affected and the insurers who pay for the clean-up.To discuss this, Kait Borsay is joined by Nicky Cariglia, who has a background in marine biology and has spent the last ten years focussed on environmental emergency response, attending more than 30 oil spills and vessel groundings, where she has offered technical guidance.Also on this episode is Sam Kendall-Marsden, the global head of claims for The Standard Club, who has spearheaded the club’s response to several major marine casualties, including the sinking of the cruise ship Concordia off the Italian coast in 2012.This podcast coincides with the publication of Standard Club’s first Sustainability Impact Paper, entitled ‘Planet | People | Performance’. The report breaks down Standard Club’s strategy into two key impact indicators. The first focuses on how the club will work with its members to help create more sustainable services and practices, while the second indicator details how it plans to make its own operation more sustainable.You can read the full report here: https://www.standard-club.com/knowledge-news/sustainability-impact-paper-people-planet-performance-4674/Highlights:00:52 Meet the Experts: Nikki Cariglia and Sam Kendall-Marsden01:27 Understanding ESG Principles02:29 Applying ESG in Real-Life Scenarios04:51 Insurance Perspective on Shipping Disasters09:23 Challenges and Innovations in Casualty Response15:21 Future Directions and Final Thoughts22:47 Conclusion and Next Steps