Governance, Maritime Insurance and Transition

This study examines important aspects of the maritime shipping sector in the context of the ongoing low carbon transition that is impacting international transport. In particular, it highlights and explores aspects of the history, development and current condition of maritime insurance governance and practice. In doing so it throws into relief and interprets opportunities for this sphere to play a substantial role in shaping a gradual transition to more sustainable forms of shipping. The research finds that the mobilization of such activity has a capacity to occur in a significant way through relatively informal governance channels. Achieving ambitious sustainability objectives will require collaborative effort on behalf of stakeholders throughout the maritime industry utilizing a strategic combination of innovations and advanced practices. The study aims to examine components of a transition to sustainable shipping by developing a better understanding of how and under what conditions the transition can take place. By exploring ways in which research on sustainable shipping can be integrated with an appraisal of governance, it identifies ways in which maritime stakeholders can initiate actual transition.