This year's Annual Review reports strong financial results, continued strategic progress and enhanced support for shipowners operating in an increasingly complex and uncertain global environment.
Please use the tabs at the top of this page, or the arrows at the bottom, to move between each section of the report.
With over 60 years of experience, we understand your risk environment and proactively adapt our services and cover to ensure you receive financial certainty – enabling you to confidently take on new ships, new voyages and new business opportunities.
Our Strike & Delay cover is an essential tool in managing risk in an unpredictable maritime world. Tailored to your specific risk exposure and appetite, we protect your revenue and help you deliver financial and operational targets to your stakeholders.
Our dedicated Strike & Delay team provides an expert and experienced service that includes underwriting, claims and loss prevention across global time zones. With offices in London, Dublin, Greece, New York, Singapore, Japan, Korea, Hong Kong and Shanghai, we deliver real-time, hands-on support, wherever and whenever you need it.
The Strike & Delay Class Committee provides the members of the Class with a forum to consult and advise on Class business subject to the direction of the Board of Directors. Meetings of the Committee are held twice a year, at which member representatives receive reports and make recommendations to the Board on a wide range of topics.
The Class Committee also has powers to determine discretionary matters that arise in relation to Class members’ claims under our Rules up to a limit agreed by the Board.
Our latest brochures introduce two key areas of cover designed to support vessel operators facing disruptions: Strike & Delay Marine Disruption Insurance and Low Deductible Loss of Hire
These covers offer tailored financial protection for vessels delayed by events beyond their control whether due to Force Majeure events ashore or Hull & Machinery incidents at sea.
The publications detail how Strike & Delay’s solutions help protect income, manage operational risk, and provide financial clarity in today’s complex maritime environment.
Strike & Delay: Providing certainty in an uncertain world.
Publications are available in both English and Japanese
Adverse weather conditions are a key risk for shipowners and charterers in many parts of the world. Weather delays can leave vessels sitting idle and unable to leave a port or force them to stay at sea or navigate a different route. These scenarios can cause long delays and significant financial loss.
The first of its kind in the shipping industry, NorthStandard’s Weather Cover from Strike & Delay protects members against delays to ships in any port, berth, sea-lane or navigable waterway caused by named storms, wind, swell, fog, uncustomary rain and ice. Strike & Delay’s Weather insurance is a ground-breaking product covering the cost of delays caused by adverse weather conditions – a risk currently seen as unavoidable.
Our website, LinkedIn page and X feed are also regularly updated with the latest NorthStandard news, industry developments and global events, so shipowners, charterers, traders and all members are always fully informed about any issues that may affect their operations.
In addition to providing expert insight and advice, we constantly create a wide range of easily accessible support tools and resources, including guides, videos, training courses and workshops, plus articles and handouts on the issues that matter most to our fast-changing industry.
