Vital marine casualty response & management may be held back by rising costs, muddy legislation and outdated contracts.<\/p>\n
The basic nature of maritime casualties, salvage and wreck removal has evolved rapidly over the last few years. Ships and offshore constructions have become more technologically elaborate, and in many cases simply bigger and more complex than ever. There is increasing concern about whether current international legislation and industry practices can cope with the issues. Many are skeptical regarding the fundamental format of casualty contracts, questioning if they are just chronically outdated.<\/p>\n
Nick Haslam, Shipping Director of leading international maritime consultants, the LOC Group, is convinced initiatives to improve casualty management and create a better understanding between all parties must be heard, debated and positively supported.<\/p>\n
\u201cWe believe it\u2019s time the industry as a whole unites to tackle these issues head-on,\u201d says Haslam. \u201cRising costs, worry over places of refuge, environmental impact, and a general lack of confidence in the legislative, regulatory and procedural instruments currently in force \u2013 these are problems that need solutions right now.\u201d<\/p>\n
In response to the crisis, LOC has taken the first step by arranging the first Asian Marine Casualty Forum, to be held next month. The forum\u2019s express aim is to generate practical and actionable solutions. A topical highlight of The Lion City\u2019s annual Maritime Week, LOC\u2019s non-profit forum will occupy Thursday 23 and Friday 24 April at The Fullerton Hotel.<\/p>\n
\u201cOur intent is to host a forum By the industry, for the industry,\u201d Haslam explains. \u201cAll parties involved in marine casualty response, from top to bottom, coming together. Every stakeholder with a genuine interest in establishing answers and actioning improvements.\u201d<\/p>\n
Haslam hopes the forum will result in an Action Plan for Industry Reform to be quickly circulated to all, facilitating effective dialogue to bring about clearer awareness of the problems and lead to positive changes.<\/p>\n
Designed for pan-global industry leaders from all parties involved in salvage, wreck removal and all other marine casualties, LOC\u2019s forum will host the International Group of P&I Clubs\u2019 Casualty Working Group, many of the world\u2019s top insurers, salvage contractors and regulators, plus ship owners and government representatives.<\/p>\n
Over 200 senior executives from hubs such as Malaysia, Singapore, Australia, New Zealand and the UK are expected to address the dilemmas and tough choices facing the industry, including how to handle dramatically escalating costs of salvage and wreck removal and the increasing complexity of mega-ship salvage.<\/p>\n
Maritime authorities to speak at the Asian Marine Casualty Forum will include representatives from Singapore (MPA), Maritime New Zealand (MNZ), the Australian Maritime Safety Agency (AMSA), and the UK Secretary of State Representative (SOSREP).<\/p>\n
Other key speakers will represent the International Group of P&I Clubs, hull & machinery and property underwriters, marine lawyers and International Salvage Union (ISU).<\/p>\n
The forum will take place 23 & 24 April at The Fullerton Hotel, Singapore.<\/p>\n","protected":false},"excerpt":{"rendered":"
Vital marine casualty response & management may be held back by rising costs, muddy legislation and outdated contracts. The basic nature of maritime casualties, salvage and wreck removal has evolved rapidly over the last few years. Ships and offshore constructions have become more technologically elaborate, and in many cases simply bigger and more complex than […]<\/p>\n","protected":false},"author":7,"featured_media":1616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[4],"tags":[],"sector":[],"service":[],"company":[],"class_list":["post-3156","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n