At noon on February 20 every year, shipowners, operators and charterers renew their P&I Club coverage. This is a critical requirement for the shipping sector to ensure they are insured against adverse events such as spills, collisions and seafarer injuries. But what can the P&I Club tell us about the main risk factors in shipping today?

Carbon offsets are the ‘visible’ outcome of an investment project that replaces existing fossil-fuel or carbon-intensive processes with clean, low- or zero-carbon alternatives, or which absorb CO2 from the atmosphere.