Swedish Club Report Shines Light on Vessel Claims
The life of seafarers is never straightforward, and as a new report from the Swedish Club shows, the hazards and job complexities they face are very much dependent on the type of vessel they find themselves crewing. In P&I Claims Analysis, published this week, the Club has studied thousands of incidents in the last ten years, across a range of vessel segments and claims types, and made some interesting discoveries. Seafarers on containerships needs to watch their step, as almost 60% of all slips and falls occur on container vessels – almost certainly due to the amount of debris on board and the number of people involved in cargo operations.
Lack of Proper Management Systems Cause Engine Damage
A new report from The Swedish Club shows that incorrect maintenance and repair continues to be the most frequent cause of main engine damage – a trend which has continued unabated since the Club began monitoring the issue nearly ten years ago. Main Engine Damage investigates more than 1,000 Hull and Machinery claims relating to over 5,400 vessel years of statistics and its findings make interesting reading. “Main engine damage makes up nearly 35% of machinery claims costs,” says Lars Malm, Director, Strategic Business Development and Client Relationship for The Swedish Club. “It is the most expensive category of claim with an average cost of over half a million USD per claim.
No Let Up in Navigational Claims Reports
According to The Swedish Club, half of the costs of hull and machinery claims handled by the Club have arisen due to navigational claims such as collisions, contacts or groundings - a figure that has remained steady over recent years despite improved technology and the widespread implementation of Safety Management Systems. The Swedish Club, in its latest Loss Prevention publication, Navigational Claims, has revealed a number of interesting findings relating to claims made for hull and machinery damage between 2004–2013.
Report Makes Light Work of Heavy Weather
Modern weather routing techniques have made facing heavy weather considerably less hazardous for the modern mariner than for his forbears. However such techniques are not a panacea and a new report from The Swedish Club published today, Heavy Weather, offers guidance on how to avoid the many problems associated with heavy weather conditions. The Club explains how, with the correct preparation and procedures, a vessel can minimize the effects of sailing through heavy weather. The…
The Swedish Club Makes Arctic Trade Safer
According to a new publication issued by the Swedish Club, operators transiting the polar regions are not always fully prepared for the unique challenges that they will face. Yet informing their P&I Club and Underwriter allows the owner to get access to hands-on advice that will reduce their exposure to these increased risks. As longer ice free summers and increased offshore operations focus attention on the polar regions, transits to and from the arctic ports are set to increase significantly.
