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NORD YOUNG


OPA 90 for Inland Operators: The Exposure Is Larger Than the Barge
A tank barge on the Lower Mississippi carrying 30,000 barrels of product is, in insurance terms, a modest asset. The hull value is a fraction of a deepsea tanker. The crew is small. The trade is domestic and familiar. The pollution exposure attached to it is not modest, it is not limited to the value of the barge, and under a set of circumstances that are considerably easier to trigger than most operators assume, it is not limited at all. This article covers how the Oil Pollu
Richard Young
Sep 19 min read


8,016 Tonnes at Yangshan: What the Green Methanol Record Actually Tells Bunker Buyers
On the weekend of August 16, the bunkering vessel Haigang Zhiyuan delivered 8,016 metric tonnes of domestically produced green methanol to the dual-fuel container ship CMA CGM Osmium at Yangshan Port in Shanghai. Shanghai Customs supervised the operation. It is the largest single green methanol bunkering on record. The operation brought together Shanghai Electric, Shanghai International Port Group, and CMA CGM, with the fuel supplied principally from Shanghai Electric's Taona
Richard Young
Aug 208 min read


M/T Rasi: Nine Deaths at a Certified Ship Recycling Yard in Bangladesh
[Chattogram Coastal Road Photo by Samina Khondkar - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=148921351] On the morning of August 14, workers at the Ferdous Steel yard in Sitakunda, Bangladesh, were cutting an opening in the bottom of a ballast tank aboard a beached LNG carrier. Hydrogen sulphide escaped. Two men died where they stood. Seven more died in hospital. Among the dead was Motiur Rahaman, aged 17. Another was Abdul Alim Sujon, a safety
Richard Young
Aug 208 min read


The Caroline Bezengi: A Shadow Fleet Casualty and the Bill the Industry Will Pay
An oil spill off the coast of Oman has spread across somewhere between 390 and 2,000 square kilometers, depending on whose satellite analysis you accept, and reached roughly 40 kilometers of mainland coastline near Ras Madrakah on August 12. The source is a half-sunk tanker called the Caroline Bezengi, aground in the Arabian Sea, leaking crude for approximately six weeks with no effective containment. The vessel is 81,085 gross tons. It has held no classification from an IACS
Richard Young
Aug 1410 min read


The UK ETS Is Now in Effect for Shipping
As of today, July 1, 2026, the United Kingdom's Emissions Trading Scheme has expanded to cover domestic maritime transport. For shipowners and operators running vessels on UK routes or calling at UK ports, this is not a future regulatory development to monitor, it is a live compliance obligation that began this morning. This post is a practical overview of what the UK ETS is, who it applies to, what it requires operators to do, and how it sits alongside the EU ETS framework t
Richard Young
Jul 17 min read


Marine and Commercial Insurance Policies Explained
Insurance Policies Breakdown Insurance is one of those things most people think about only when something goes wrong. By then, the question is no longer what coverage costs, it's whether you have the right kind. This is a straightforward breakdown of what Nord Young offers across both marine and commercial lines, what each coverage type actually does, and why it matters to the businesses we work with. We work with clients on both sides of the industry divide. Whether you're
Richard Young
Mar 2613 min read
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