The challenges and implications of removing shipwrecks in the 21st century
Year: 2013 Language: english Author: Lloyd's Genre: Research papers Format: PDF Quality: eBook Pages count: 48 Description: Removing a wreck is a major undertaking with considerable physical, financial and environmental risks. It can require complex engineering and the use of substantial inventories of equipment, including heavy lifting gear. There are a relatively small number of organisations which are capable of carrying out such operations. Not all wreck removals require a complicated approach – some methods are relatively straightforward – but all require skilled personnel, often working in difficult, and sometimes dangerous, conditions. Wreck removal operations are generally expensive, given the need for skilled personnel and specialised equipment, often for long periods and frequently in inaccessible locations. Wreck removal operations have tended to become more costly in the past decade and in certain cases, costs have risen dramatically. It is therefore an issue that is of great interest to shipowners and their liability insurers. It is also an issue of increasing importance to the Lloyd’s and company insurance markets, which are more regularly and more substantially exposed to direct and reinsurance risk.
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The challenges and implications of removing shipwrecks in the 21st century
Language: english
Author: Lloyd's
Genre: Research papers
Format: PDF
Quality: eBook
Pages count: 48
Description: Removing a wreck is a major undertaking with considerable physical, financial and environmental risks. It can require
complex engineering and the use of substantial inventories of equipment, including heavy lifting gear. There are a relatively
small number of organisations which are capable of carrying out such operations. Not all wreck removals require a
complicated approach – some methods are relatively straightforward – but all require skilled personnel, often working in
difficult, and sometimes dangerous, conditions.
Wreck removal operations are generally expensive, given the need for skilled personnel and specialised equipment, often
for long periods and frequently in inaccessible locations. Wreck removal operations have tended to become more costly
in the past decade and in certain cases, costs have risen dramatically. It is therefore an issue that is of great interest to
shipowners and their liability insurers. It is also an issue of increasing importance to the Lloyd’s and company insurance
markets, which are more regularly and more substantially exposed to direct and reinsurance risk.
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Wreck Report Final version AW.pdf
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