
ITOPF has studied the potential damage and liabilities arising from a shipping incidents involving Li-ion battery powered vessels.
In its “Fate, Behaviour, Potential Damage & Liabilities Arising from a Shipping Incident Involving a Li-ion Battery Powered Vessel” report, at least half of existing vessels with Li-ion batteries utilise the technology as part of a hybrid system paired with a traditional combustion engine using conventional fuels (or possibly biofuels). Continue reading “Consequences of incidents involving Li-ion battery powered vessels”






In 2023, the global soya bean market (also known as soybeans and soyabeans) was valued at over USD 200.37 billion, and it is projected to grow to USD $259 billion by 2032.The shipping industry plays a significant role in supporting this global industry, but behind these impressive figures lies a perilously narrow window for safe ocean transport. Despite being loaded in sound condition and carried by well-maintained vessels on unexceptional voyages, soya beans continue to arrive in a deteriorated condition far too often. Claims related to spoilage frequently run into millions of dollars, exposing shipowners, operators, and marine insurers to significant financial risk.
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.

