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Join Shoreline Maritime Answers as we explore the dark side of life at sea, from cyber attacks and drug smuggling to geopolitical risk and migration. On each episode we’ll deep dive into the issues facing shipowners and crew at sea, with specialists in cyber, risk and humanitarian issues.
Episodes
Tuesday Jul 23, 2024
Episode 30 - Excess Emissions Insurance (EEI) brought to you by AXA XL
Tuesday Jul 23, 2024
Tuesday Jul 23, 2024
As the maritime industry faces increasing pressure to reduce carbon emissions and align with global sustainability targets, AXA XL's EEI offers a unique insurance solution. Their new product is designed to cover the additional carbon emissions that result from fortuitous events like course deviations to a port of refuge or repairs, by providing indemnity in the form of voluntary carbon credits.
We will explore how this insurance product integrates with traditional marine insurance offerings, the process of calculating and verifying carbon credits, and the impact of regulatory changes on the demand for EEI. Hanna will also share insights into the challenges and future developments in the field of carbon offsetting within the shipping industry.