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Towage and Salvage

Set Alert for Lloyd's List Sectors :: Towage and Salvage

Latest From Towage and Salvage

Floating storage vessel off Venezuela lists, raising concerns of sinking

The US embassy in Trinidad and Tobago issued a statement saying US sanctions on Venezuela do not affect safety, environmental and humanitarian efforts. It urged immediate action to prevent pollution

Tankers and Gas Environment

US Gulf congestion fuels LNG price surge

Blockages to key approach channels to LNG plants in the US Gulf have coincided with an LNG winter demand uptick, which typically starts every October. With no certainty on when restrictions to access for deep-draft vessels will be lifted, Asian prices have risen 

US States Asia Pacific

Vessels wrecked in storms off Vietnam

A weekend of bad weather has resulted in hull damage on a CMA CGM boxship, which ran aground after breaking its tow, while a badly listing Vietnamese general cargo vessel saw its crew abandoning ship after also running aground

Vietnam Casualty

New Diamond owners to pay compensation to Sri Lanka

Sri Lanka’s Attorney General’s Department has made a request to the owners for another 100m Rupees ($540,000) as compensation to avert a major disaster. Meanwhile salvors are still trying to identify a port for ship-to-ship transfer to offload the cargo of nearly 2m barrels of crude oil

India Tankers and Gas

Golden Ray capsizing caused by unstable loading, US Coast Guard says

The coastguard analysis showed Golden Ray failed to comply with International Maritime Organization stability standards at the time it capsized, as well as during its two voyages prior to departing the port of Brunswick

US States Casualty

Salvage of capsized Golden Ray clears hurdles for October start

‘As with any major wreck removal, there is always a need for creative solutions. I think that’s what makes a good salvor,’ said T&T Salvage president Mauricio Garrido

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