Container line MSC is to install a carbon capture and utilisation system (CCUS) from Zhejiang Energy Marine Environmental Technology (ZEME) on a 24,000 teu vessel which will sequestrate around 40% of carbon emissions from its exhaust.
Newly merged P&I Club, NorthStandard, intends to apply a general increase in premiums of 5% for the policy year beginning in February 2024.