ABL Maritime Mkt. Briefing: Salvage Industry Today – What to look out for amidst a changing market
AqualisBraemar LOC’s (ABL) February Maritime Market Briefing will take a look at the salvage industry today, examining recent changes to the market and competitive landscape, new geographies, and the impact of these changes on the industry moving forward.
Learning objectives:
1. You will understand what the size of the salvage market is today
2. You will be able to discuss changes in the balance between emergency response and wreck removal
3. You will be able to highlight fundamental differences between award based salvage, time x material and lump sum
4. You will be able to discuss current challenges in the market including understanding the impact of Lloyd’s review of LOF and the SAB
Presented by ABL’s Director of Salvage and Special Casualty Representative (SCR) appointed by the Lloyd’s of London SCR panel, Jason Bennett.
The briefing will conclude with a summary of last month’s marine casualty case reports.