The Poseidon Principles for Marine Insurance (PPMI) got off the ground on Wednesday in the marine insurance industry's first coordinated move to promote shipping's decarbonisation.
PPMI is principally a hull and machinery insurance initiative, initially involving Swiss Re, Gard, the Norwegian Hull Club, SCOR, Hellenic Hull Management and Victor Insurance as founding members.
At this stage, the founders only account for a fraction of the marine insurance industry.
