What Goes Down ...

Marine Technology Reporter
Tuesday, May 21, 2013

... Arguably should come up, but that’s not always the case. The business of salvage and recovery is one of the most unpredictable and harrowing ends of the subsea business, if for no other reason due to the random nature of the business (though if you read Joseph Fonseca’s  article “The Salvage Bonanza” on the previous pages, perhaps it is not always unpredictable.)
To help add perspective to the business, we present here the recent study from Allianz Global Corporate & Specialty’s Safety and Shipping Review 2013 which focuses on key developments in maritime safety during 2012, and analyzes reported shipping losses (of over 100 gross tons) during the 12 months prior to 25 November 2012. The recently released statistics and analysis are an eye opener for any stakeholder and the annual review also examines trends and developments affecting shipping safety, future challenges to safety and looking ahead; some topics to watch. Allianz identifies 106 ship losses in the 12 months to November 25 2012 – up from 91 ships the previous year, but a 27% decrease on the ten year average of 146 ships per annum. Despite this long term downward trend, Allianz says that human error remains the core challenge. Twice as many shipping accidents centered on the seas around South China, Indo China, Indonesia and the Philippines. Shipping losses also occurred more often in the East Mediterranean and the Black Sea or around Japan, Korea and North China (10 losses).
Other key findings of the report: Human error remains a root cause of most incidents. Fatigue, economic pressures, and inadequate training are causes for concern. New regulations focus on the problem of human error. The Maritime Labor Convention (2006) will help improve safety by addressing the welfare and working conditions of seafarers. Major shipping companies have initiated self-regulation initiatives post-Costa Concordia, with the Cruise Lines International Association and the European Cruise Council partnering to lead industry-wide voluntary adoption of policies that go beyond international regulations. Eventually, self-regulation of the industry may become the core driver of safety. Technological improvements such as the introduction of mandatory Electronic Chart Display and Information Systems (ECDIS) in July 2012 are expected to reduce accidents, but only where properly applied with effective training and management oversight.
 

Allianz Global Corporate & Specialty (AGCS) is a leading marine insurer, offering insurance cover for all types of modern shipping. AGCS also offers cargo insurance, covering physical loss or damage to international and domestic goods in transit. AGCS consists of various legal companies operating under the Allianz Global Corporate & Specialty brand. Read the full report at
http://www.agcs.allianz.com/about-us/news/agcs-safety-and-shipping-review-2013/

(As published in the May 2013 edition of Marine Technologies - www.seadiscovery.com)

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Salvage

South Korean Teens: Left to Escape Sinking Ferry

Students testify no help came from crew; Coastguard rescuers were passive, only pulling passengers out. Crew in a state of panic, witness says. Six teenagers

Coast Guard Responds to Grounded Freighter in Lake St. Clair

The Coast Guard has responded Sunday to a 656-foot freighter that was hard aground in the downbound shipping channel of Lake St. Clair. Initial reports indicate

Bulk Grain Carrier Aground in Lake St. Claire

The Coast Guard informs it is responding to a 36,563 dwt 656-foot freighter that is hard aground in the downbound shipping channel of Lake St. Clair. Coast Guard

Casualties

Tripoli Airport Ablaze, Rockets Leave Libya in Chaos

Diplomats flee Libyan chaos; Politicians appeal for international intervention. Clashes in Tripoli, Benghazi kill around 160 over two weeks, while Libyan capital face fuel, power shortages.

South Korean Teens: Left to Escape Sinking Ferry

Students testify no help came from crew; Coastguard rescuers were passive, only pulling passengers out. Crew in a state of panic, witness says. Six teenagers

Coast Guard Responds to Grounded Freighter in Lake St. Clair

The Coast Guard has responded Sunday to a 656-foot freighter that was hard aground in the downbound shipping channel of Lake St. Clair. Initial reports indicate

Underwater Engineering

North Sea Atlantic Joins the Technip fleet

On Saturday July 26, 2014, a ceremony was held in Bergen to officially name the latest new subsea construction vessel to join the Technip fleet, the North Sea Atlantic.

Search for Flight MH370: Update

Australia's Joint Agency Coordination Centre (JACC) says that a bathymetric survey of the 60,000km2 search area is well underway, with two vessels, the Australian-contracted

Rosneft Starts Up Field Work in the Kara Sea

On July 24 this year, research vessel Geolog Dmitry Nalivkin sailed from Kirkenes (Norway) to the Kara Sea. In the next three months 2D seismic survey, will

Subsea Salvage

Search for Flight MH370: Update

Australia's Joint Agency Coordination Centre (JACC) says that a bathymetric survey of the 60,000km2 search area is well underway, with two vessels, the Australian-contracted

Sunken WW II Ship Oil Leak Plugged

Atlantic Coast Marine Group, Inc. successfully responds to World War II era motor tanker leaking massive cargo of oil into the Atlantic Ocean's waters. Beaufort,

Treasure Hauled from SS Central America Shipwreck

Odyssey Recovers Over 13,500 Silver and Gold Coins as Well as Gold Ingots, Dust, Nuggets and Jewelry From SS Central America Shipwreck; Newly Released Inventory

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pipelines Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2677 sec (4 req/sec)