Wreck removal has featured heavily in the insurance press of late following the Costa Concordia disaster, and with the introduction of a new convention in April 2015.
Lloyds of London have reported on these issues recently with DWF’s partner, Michael Kingston contributing to a number of articles and reports around this subject, some of which are detailed below.
Lloyd’s Wreck Removal Report
Michael has recently contributed to the latest report from Lloyds - The challenges and implications of removing shipwrecks in the 21st century.
This report looks at the rising cost of dealing with shipwrecks and the dangers with the increase in removal cost being passed to insurers, reinsurers and ship owners.
The Independent - Costa Concordia insurance claim bill to rise to £1.2bn
28 December 2013
Michael is quoted in this report that looks at the cost of the insurance bill after the Costa Concordia incident, with claims that the disaster was set to break through the $2bn (£1.2bn) barrier cause by the difficulties experts have faced salvaging the 114,500-ton liner.
The Arctic challenge
Sustainable Arctic shipping and marine operations conference
11 March 2014
Bridging the Arctic Marine gap
12 March 2014
On 11 March Michael Kingston was participated in a conference on Sustainable Arctic and marine operations. Following on from that on 12 March was a workshop on Bridging the Arctic marine gap.
For further information read the post-event reports from both days along with presentations delivered.
Bridging the Arctic marine gap - linking ice condition to ice class requirements, the need for a cross Arctic Ice regime
Following on from the Arctic Ice Conference on 12 March, Michael was quoted by Lloyd's in their press release
“A lack of knowledge and the absence of an advanced ice data regime - coupled with limited Arctic expertise among some Flag States and wanting national Port State regulation in a number of Arctic jurisdictions - would undermine the effectiveness of the Polar Code and are a recipe for disaster,” said Michael Kingston, Partner at DWF LLP who organised Lloyd's involvement in the workshop.
Hot topic: shipping sails into troubled waters as the Arctic ice melts
26 September 2013
All About Shipping
In an article by James Brewer Michael was quoted as saying "The Arctic declaration would be re-circulated for final consultation with industry." Thanking Neil Roberts of Lloyd’s Market Association and Helle Hammer of Nordic insurance association Cefor for "raising the issue through the IUMI political forum", and welcomed "the support for this of IUMI president Ole Wikborg and secretary-general Lars Lange". Mr Kingston said "that after addressing a conference in Australia he had been told that the authorities there would be interested to see a similar initiative with regard to a potential Antarctic declaration of best practice."
For further information or to discuss any of the issues raised contact Michael Kingston.