IIMS News

Allianz Risk Barometer 2025: Cyber risk climbs to the top by largest margin ever

Posted on by News Hound

Cyber incidents are the top global risk for 2025 and by a higher margin than ever before – making it the fourth year in a row that cyber is ranked as the number one risk across industries, according to the Allianz Risk Barometer 2025.

Top global risks overview
Cyber incidents consolidate their position as the most important risk – with 38% of responses, a record 7% points ahead. Notably, the risk impact of new technologies and developments in artificial intelligence (AI) is a new entrant in the top 10 global risks at #10. Closely interlinked to cyber, business interruption is ranked #2 (31%), just ahead of another related risk, natural catastrophes at #3 (29%). Continue reading “Allianz Risk Barometer 2025: Cyber risk climbs to the top by largest margin ever”

Marshall Islands issues fatal falls from height warning

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Republic of the Marshall Islands Maritime Administrator has published Yacht Safety Advisory 13-24
Republic of the Marshall Islands Maritime Administrator has published Yacht Safety Advisory 13-24

The Republic of the Marshall Islands Maritime Administrator has published Yacht Safety Advisory 13-24 on fatalities due to falls from height.

Since 2019, falls from height on RMI-flagged commercial vessels have been the leading very serious marine casualty (VSMC) by incident type. It accounts for 31% of VSMCs and has resulted in 22 deaths. In the last two years, 11 seafarers have died falling from height. The maritime authority has stressed the importance of wearing fall protection equipment when a risk of falling from height exists.

Recommendations:
• The Administrator strongly recommends that the owner or the owner’s representative review and amend, as necessary, onboard safe Continue reading “Marshall Islands issues fatal falls from height warning”

UK MCA publishes acceptable chart system update

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The MCA acceptable chart system has been updated
The MCA acceptable chart system has been updated

The Maritime and Coastguard Agency (MCA) has published an amendment accepting electronic chart systems for commercial fishing and small vessels up to 24 metres in length.

The update goes under MGN 319 (M+F) Amendment 2 – Acceptance of electronic chart systems for fishing vessels and small vessels in commercial use (code boats) up to 24 metres in load line length (SV-ECS).

The MCA will accept electronic chart systems complying with the Small Vessel Electronic Chart System (SV-ECS) performance standard as satisfying the chart carriage requirements stipulated within SOLAS Chapter V Regulation 19 for applicable vessels. Continue reading “UK MCA publishes acceptable chart system update”

What caught my eye: January 2025

Posted on by CEO

Safety check carried out on one of Britain’s most haunted canal tunnels

Let’s face it, we all love a good ghost story, don’t we? Engineers (along with a different branch of the surveying family) have braved spooks and spectres to inspect the Harecastle Tunnel in Staffordshire, UK to ensure it is safe for waterway users to navigate, no wonder it caught my eye.

Harecastle Tunnel has the reputation of being one of the most haunted canal tunnels in Britain. Folklore has it that a woman arrived in Kidsgrove on her way to join her husband in London. She accepted a lift with some boatmen and was murdered for the valuables in her Continue reading “What caught my eye: January 2025”

Safety recommendations for Emission Capture and Control

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OCIMF says the adoption of Emission Capture and Control (ECC) can bring environmental advantages to maritime operations
OCIMF says the adoption of Emission Capture and Control (ECC) can bring environmental advantages to maritime operations

OCIMF has issued an interim information paper to provide minimum functional requirements for the safe application of barge-based Emission Capture and Control (ECC) to oil, chemical and oil product tankers operating at onshore conventional berths, such as piers, jetties and quays.

According to OCIMF, the adoption of Emission Capture and Control (ECC) can bring environmental advantages to maritime operations in ports and terminals. By using ECC while at berth, ships can reduce their emissions, contributing to improved local air quality and aiding in compliance with environmental regulations. Continue reading “Safety recommendations for Emission Capture and Control”

New IACS requirement on monitoring and safety functions for Exhaust Gas Cleaning Systems (M86)

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IACS has released a new unified requirement for monitoring and safety functions for Exhaust Gas Cleaning Systems (M86).
IACS has released a new unified requirement for monitoring and safety functions for Exhaust Gas Cleaning Systems (M86).

The International Association of Classification Societies (IACS) has released a new unified requirement for monitoring and safety functions for Exhaust Gas Cleaning Systems (M86).

Marine air pollution regulations typically require the use of low-sulfur fuel to reduce SOx gaseous emissions. The use of Exhaust Gas Cleaning Systems (EGCS) technology is generally permitted as an alternative means of compliance.

EGCS – SOx Scrubbers can be effective in complying with regulations that require the use of 0.5 percent sulfur fuel globally and 0.1 percent in Emission Control Areas (ECA). The following requirements apply to the arrangements intended for the safeguard of the ship in case of malfunction of the EGCS. Continue reading “New IACS requirement on monitoring and safety functions for Exhaust Gas Cleaning Systems (M86)”

MB92 Group acquires superyacht coatings specialist Pinmar

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MB92 Group has bought GYG Ltd., the company that trades under the Pinmar, Pinmar Yacht Supply and Technocraft brands
MB92 Group has bought GYG Ltd., the company that trades under the Pinmar, Pinmar Yacht Supply and Technocraft brands

Leading superyacht refit, repair, and maintenance company MB92 Group has bought GYG Ltd., the superyacht coatings specialist, service and supply company that trades under the Pinmar, Pinmar Yacht Supply and Technocraft brands. MB92 reports that all brands will continue to operate independently across Europe and the US.

MB92’s acquisition of GYG follows other strategic developments for the group including MB92 taking over the Golfe-Juan shipyard in the South of France in October 2024. Continue reading “MB92 Group acquires superyacht coatings specialist Pinmar”

Marshall Islands publishes Blue Cecil report after enclosed space entry deaths

Posted on by News Hound
Blue Cecil report published after enclosed space entry deathsSource: Republic of the Marshall Islands Maritime Administrator
Blue Cecil report published after enclosed space entry deaths Source: Republic of the Marshall Islands Maritime Administrator

The Republic of the Marshall Islands Maritime Administrator has released its report into the deaths of three crewmembers on bulk carrier Blue Cecil in 2023.
The vessel’s C/E, ETO and Fitter died after they were found unconscious inside of Cargo Hold No. 1. Despite a rescue attempt, with all three being recovered from the hold, they were unresponsive and did not respond to CPR. A post-mortem examination by the Philippine authorities determined their deaths was “asphyxia by suffocation.”

The following lessons learned were identified:
a) Entering a loaded cargo hold without authorization and without following established shipboard enclosed space entry and rescue procedures is extremely hazardous and should not be attempted. Continue reading “Marshall Islands publishes Blue Cecil report after enclosed space entry deaths”

Counterfeit pilot ladders lead to USCG warning

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Fraudulent certification placard for counterfeit pilot ladder. Source: USCG
Fraudulent certification placard for counterfeit pilot ladder. Source: USCG

The United States Coast Guard (USCG) has issued a safety alert after discovering counterfeit pilot ladders during a Port State Control examination at the Port of Baltimore. The identification plate on the ladder contained several errors, including referencing ISO 779-1 instead of the correct standard, ISO 799-1, and lacking the ISO 799-1 designation type.

Additionally, while the serial number on the ladder matched the accompanying certificate, the number of steps and the length of the ladder did not align with the specifications listed on the certificate. The plate and certificate indicated that the ladder was produced by Continue reading “Counterfeit pilot ladders lead to USCG warning”

Lloyd’s Register: New water on deck damage stability requirements for ro-ro passenger ships

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The European Union has adopted Directive 2023/946
The European Union has adopted Directive 2023/946

The European Union has adopted Directive 2023/946, which amends the “water on deck” damage stability requirements for ro-ro passenger ships in Directive 2003/25/EC.

This new directive is intended to align the EU’s stability requirements with the enhanced standards established by SOLAS 2020.

Since 5 December 2024, the new directive 2023/946 is applicable for new and existing ro-ro passenger ships engaged on international voyages that operate regularly to or from a port of an EU Member State, and which have never been certified in accordance with this directive or the previous Directive Continue reading “Lloyd’s Register: New water on deck damage stability requirements for ro-ro passenger ships”

CRT Impact Report says historic canals championed as solutions to UK’s modern challenges

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CRT Impact Report names UK canals as the solution to modern challenges
CRT Impact Report names UK canals as the solution to modern challenges

A CRT Impact Report demonstrates how the UK’s unique network of historic canals, a legacy of the Industrial Revolution, are being repurposed to address some of the greatest challenges facing society. The interconnected and ecologically rich man-made waterways are today playing a key role in addressing the UK’s biodiversity crisis, improving public health and helping to mitigate the impacts of climate change.

The Canal & River Trust (CRT), the charity that cares for 2,000 miles of waterways across England and Wales, has published an Impact Report that shows the nation’s canal network is proving more relevant than ever. The Report also showcases the charity’s commitment to keeping canals open and alive in the face of some serious threats. Continue reading “CRT Impact Report says historic canals championed as solutions to UK’s modern challenges”

Water Revolution Foundation issues open letter urging superyacht owners to act on sustainability

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The Yacht Environmental Transparency Index (YETI) is an industry-developed tool designed to benchmark yachts against a target reference line
The Yacht Environmental Transparency Index (YETI) is an industry-developed tool designed to benchmark yachts against a target reference line

The Water Revolution Foundation has issued an open letter outlining four recommendations to help foster more sustainable practices in the superyacht sector. These recommendations – billed as ‘yachting resolutions’ for 2025 – are aimed at yacht owners and family offices.

The Water Revolution Foundation was started from within the superyacht industry to help the industry reduce its footprint. It is an independent Dutch legal entity called a ‘stichting’, which is “an institution aiming to achieve a certain goal”. The foundation’s recommendations are as follows: Continue reading “Water Revolution Foundation issues open letter urging superyacht owners to act on sustainability”

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