24 maritime news articles about Salvage
Fourteen months after the containership MSC Baltic III blacked out and washed ashore in a remote part of Newfoundland, Canada, MSC Mediterranean Shipp...
WRC 2007 The Wreck Removal Convention was adopted at an International Maritime Organisation Diplomatic Conference in Nairobi in 2007. The Convention entered into force on 14 April 2015.
Circular issued by International Group clubs Circular issued by International Group clubs This IG Circular provides Members with an update on the new SPRO template agreement jointly agreed by the Group Clubs and CDSA. New IG and CDSA SPRO Agreement The Group Clubs are pleased to announce that the IG and CDSA have agre
From 11 February 2025, all Norwegian ships of 300 gross tonnage and above are required to have a Wreck Removal Certificate (WRC). The new requirement comes after the Wreck Removal Convention enters into force in Norway 11 February 2025.
In recent industry debate, the Lloyds Open Form (LOF) has been described as being 'on life support'. Critics are pointing fingers at the insurance market, but they are missing the real issue: a significant drop in major casualties and the need for more transparency and trust in emergency response.
Circular issued by International Group clubs Executive Summary of the Group’s Review into the Potential for Delays in the Contracting and Engagement of Salvage Services in Marine Casualties. Background In 2020, the use of traditional LOF contracts was reported to be at a historic low confirming a continued decline in
Salvage and general average are not matters that charterers usually think about when considering their financial exposure under a charterparty, but such events can have a significant financial impact on a charterer if satisfactory insurance cover is not in place.
Every wreck removal brings many challenges. In the case of the Golden Ray, the challenges were compounded, one on top of the other.
It is not always smooth sailing in the shipping industry. As any seafarer worth their weight in salt will tell you – casualties will happen.
Nairobi International Convention on the Removal of Wrecks, 2007; wreck removal; Home Publications Articles Wreck Removal Convention Wreck Removal Convention Publications Steamship Mutual Published: July 30, 2021 Contact author Download article pdf Image Introduction The Nairobi International Convention on the Removal o
Home Publications Articles Wreck Removal Convention Wreck Removal Convention Publications Ian Freeman Published: July 01, 2021 Contact author Download article pdf Introduction The Nairobi International Convention on the Removal of Wrecks, 2007 (the “Convention”) entered into force on the 14 April 2015. On 28 July 2021
We have recently noticed a slight uptick in the number of cases concerning salvage services in this region.
The Lloyd’s Open Form salvage contract (LOF) has been in use for more than a century. It provides for salvage services on a “no cure-no pay” basis with an award for success based on the values of the property saved.
The Turkish Straits, consisting of the Istanbul and Çanakkale Straits and the Marmara Sea connecting the Black Sea to the Mediterranean Sea, are considered one of the most strategically significant waterways of the world.
The Norwegian Parliament recently decided that Norway shall ratify the Nairobi Wreck Removal Convention and that the Convention shall be given effect not only in Norway's exclusive economic zone, but also in its territorial waters. The Norwegian Parliament also adopted legislation to implement the Wreck Removal Conven
This is a reminder for all members that Singapore has ratified the Wreck Removal Convention (WRC) which will enter into force in Singapore on 8 September 2017. As members will be aware, the WRC requires among other matters owners of ships over 300 GT to have in place insurance to cover the costs of wreck removal.
Members are reminded that the Wreck Removal Convention (WRC 2007) enters into force one month from now on 14 April 2015. By that date ships of 300 gt or more will be required to have a Wreck Removal Convention Certificate on board if they are registered in or using a port or offshore facility in the territorial sea of
There has been a dramatic increase in the significance of ship wrecks in recent years, the cost, the media attention, the political angle, big ship incidents are big news. The following article is the full length version of an article previously contributed to IHS Maritime Fairplay's publication of 23 October 2014.
The Wreck Removal Convention 2007 will enter into force on 14 April 2015 following the recent ratification by Denmark which triggers the entry into force provisions in the Convention. The Convention contains a compulsory insurance regime based upon the system which is familiar from other IMO Liability Conventions, inc
Circular issued by International Group clubs US Vessel Response Plans - Salvage and Marine Firefighting Requirements Final Rule 30 September 2013 - Deadline for implementation 30 January 2014 This circular applies to owners of tank and non-tank vessels calling at US ports. Agreements with Salvors a
This article, co-authored by Charles B. Anderson the Senior Vice President of Skuld North America, examines a proposal by the International Salvage Union for the provision of further remuneration to salvors through the creation of a new "environmental salvage" award.
Circular issued by International Group clubs Final Rule - 31 December 2008 Deadline for implementation - 22 February 2011 - further update Salvage agreements This Circular applies to owners of tank vessels carrying oil calling at US ports We refer to Circular issued 23 August 2010 concerning the above, which
Circular issued by International Group clubs Final Rule - 31 December 2008 Deadline for implementation - 22 February 2011 - Update Salvage agreements This circular applies to owners of tank vessels carrying oil calling at US ports We refer to Circular of 23 August 2010 concerning the above, which provided a
Circular issued by International Group clubs Final Rule - 31 December 2008 Deadline for implementation - 22 February 2011 Salvage agreements This circular applies to owners of tank vessels carrying oil calling at US ports Members are referred to the final section of the Circular published on 8 June 2009 in wh