Lloyd’s has committed to the future of Lloyd’s Salvage Arbitration Branch (LSAB) that oversees the Lloyd’s Open Form (LOF) salvage contract, and to increase the use of the form.
Seafarers are ill-equipped to tackle fires at sea and regulations are lagging way behind. Most ships lack suitable fire-fighting equipment which, in any case, has not kept pace with the dramatic increase in ship size. And the frequency of...
As pieces of the varied strands of the Ever Given saga are now being sorted the high-profile grounding in the Suez Canal could turn out to be the largest General Average claim in history.
Navigation-related insurance claims account for up to half of group claims; the Standard Club hopes to bring that number down through best practice guidance and communication.
The wreck of container ship X-Press Pearl will remain on the seabed off Sri Lanka until after the South Westerly Monsoon has passed, according to the vessel’s owners.