As a result, the costs of salvage operations have started to rise beyond all estimates. In a growing number of cases, these costs exceed the USD $70 million threshold, beyond which the re-insurance market then has to intervene.
Make a smart move: turn to FOR Systems to meet these new requirements while keeping control of salvage costs. The media are watching.
USD 70 million: cost of the salvage operations beyond which the re-insurance market has to be mobilised.
1000: approximate number of casualties each year
It is no longer permissible to remove a wreck without paying immediate attention to bunkers
Environmental concerns are much more powerful today – there is zero tolerance of pollution – from the cargo, bunker fuel or other sources
Maritime reputations can be gained or lost during crisis.
Salvage will always be under the spotlight. So don’t get into a situation where you are the story. Show that you made everything you could to avoid an economics and ecological disaster
While safety standards are important to the shipping industry, it is no longer feasible to wait for new regulations to usher in the adoption of safe and cost-effective pollution solutions. FOR Systems open a tremendous opportunity for pioneering industry players to show leadership and be covered for the worst case scenarios.