Ship Recycling Insurance Explained: The Future of Maritime Risk Management (Part 3)

In Part 3 of Ship Recycling Insurance Explained, host Jamie Dalzell and Paulina, Head of Insurance at GMS, look ahead at the technologies, regulations, and ESG expectations that will shape the next phase of maritime risk management. As ship recycling becomes more regulated and data driven, owners, insurers, and recycling partners rely on stronger verification systems and real-time information to manage final voyage exposure. Paulina explains how digital tools, vessel tracking, AI based routing, and improved certification processes are increasing transparency and reducing risk across the recycling chain. The conversation highlights how insurers are now linking coverage and premium terms to ESG performance, worker safety standards, carbon considerations, and responsible recycling practices. The episode also explores how GMS prepares for regulatory change by strengthening audits, working with reputable insurers, and investing in digital monitoring to maintain high operational standards. Topics include: • How vessel tracking and digital tools support better risk decisions • The role of AI in voyage planning and incident prevention • How digital certification improves transparency and compliance • Growing ESG influence on underwriting, pricing, and coverage availability • Environmental liability trends and new regulatory expectations • How GMS prepares for future maritime and recycling regulations • The importance of proactive and responsible risk management This final episode ties together the themes of the series and shows how the future of ship recycling insurance will be shaped by technology, ESG performance, and evolving international standards.