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Emerging (casualty) trends Svend Leo Larsen, 24 October 2013

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Emerging (casualty) trends. Svend Leo Larsen, 24 October 2013. Agenda. Claims statistics - Less major claims……why… - PowerPoint PPT Presentation

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  • Emerging (casualty) trendsSvend Leo Larsen, 24 October 2013

  • AgendaClaims statistics - Less major claimswhy

    Surveyors input to emerging casualty trends - New-building quality - Fuel oil quality vs. environmental regulations - Crew & Shore management competence / diligence - Fire safety awareness - Geographical influences (Piracy, Panama Channel expansion etc) - Salvage / wreck removal - Lack of maintenance (Cash is still king )

    Sufficient repair/shipyard capacity for the future?

  • H&M claims per claim type 2003-2012

  • Frequency of H&M claims 2003-2012Slight increase in number of claims in Q2 2013 as in 2010 to 2012 but a sizeable drop in severity

  • Frequency of machinery claims2 stroke versus 4 stroke (2002 2011)

  • Average cost by yearMain propulsion machinery 2002 - 2011

  • Vessels age range on H&M Cover - 201280% of the vessels are younger than 15 years

  • SCUA Far East

  • New-building quality vs. supersizing?

  • New-building quality vs. supersizing (2)

  • New-building quality vs. supersizing (3)

  • Fuel prices vs. slow steaming trends

  • Fuel oil / Environmental issues

  • Fuel oil quality issues

  • Fuel oil quality issues (2)Somebody commented that claiming bad fuel is the new alternative to crying crew negligence. I think we are seeing spurious claims alleging bad fuel.

    Fuel oil quality issues, or more lack of adeqate onboard fuel oil treatment management?

    .but experts point to a flurry of bunker alerts last year following the introduction of the North American ECA. Issues included high water content, high density, low flash point and excessive catalytic (cat) fine content

  • Crew & Shore management competence / diligenceLack of training/ExperienceDifficulties finding qualified officers these days.Quick in promoting junior officers.We will continue to hear the stories from Chief Engineers and other crew members I am sorry but this was done by the previous Chief Engineer; or I only joined 3 weeks ago and I do not know what was being done before.Failure of the crew to read & understand oil quality results

  • Fire safety awarenessWe have recently been involved on a few cases (4) where ship repairers have ACCIDENTALLY caused fires while carrying out hot work at lay-by berths. Although the hot work permit was properly issued, it appears that procedures for said works were not properly followed.

  • Geographical influencesPanama channel expansion (April 2015): The Third set of Locks will allow dimensions of 427 metres (vs. 304.8m) x 55 metres (vs. 33.53m) x 18.3 metres (vs. 12.08 m draft). The main difference for vessels is the way the vessel will operate within the New Locks; which is by means of pulling by tugboats (vs. 6 to 8 electric locomotives at present). We believe from an Emergency Casualty Trend view that the new larger vessel (New Panamax up to 12,000 TEU) combined with the new operations (tugboats) will cause at least initially a spike in accidents during the Panama Canal Transit..

  • Geographical influences (Other)West AfricaLack of suitably qualified , competent and experienced surveyors in certain areas. Some Classification Societies have now restricted the areas where certain class surveys can be carried out Lack of suitable diving companies equipped to carry out underwater surveys and repair facilitiesIncrease in frequency of piracy attacks in Gulf of Guinea

  • Salvage / Wreck removalGovernments/Administrations: It seems to be a universal trend that local administrations get involved in casualties (especially if the casualties have some kind of public exposure) with increasingly expensive requirements and demands, especially regarding environmental and health and safety issuesThe trend towards bigger ships (particularly Cruise and Container) will lead to massive salvage and wreck removal claims ?

  • Lack of maintenance, Cash is still kingOwners/vessel managing companies are so desperate to save money wherever possible that not only the quality of the crews suffers but also quality of the operation of the vessel from shore

    Ship Owners are hurting badly, operating on slim or negative margins. In this climate, they seem prone to make claims for the smallest of things,more small claimsThere are more claims occurring due to lack of maintenance e.g. failure to do routine items like changing fuel injectors Stretching of overhaul intervals, immission of reccomended consumable renewal

  • Sufficient repair/shipyard capacity for the future?

  • Greener Shipping - The future......