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Towage and Salvage

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

Latest From Towage and Salvage

International Salvage Union hails ‘modest recovery’ in sector

‘Economic conditions are challenging, and activity and income for our industry is volatile year on year. The trend towards a smaller number of larger and more complicated cases enhances that annual variability,’ says Sloane

International Casualty

Decline in Lloyd’s Open Form use poses disastrous risk to life, says International Group

‘Responsibility has often been taken away from the master despite the master’s knowledge and experience of the casualty, and their responsibility and authority in accordance with the International Safety Management code,’ argues former Secretary of State’s representative

International Casualty

Ship towed to Somalia after a week drifting in pirate waters

US and European Union warships helped an elderly ro-ro in heavy seas off Puntland after the vessel, Anatolian, spent nearly a week dead in the water

Middle East and Africa Somalia

UN turns to crowdfunding as FSO Safer plan stalls over funding gap

Contributions from US, Saudi Arabia, Germany, the UK, the European Union, Qatar, Sweden, Norway, Finland, France, Switzerland and Luxembourg have so far only raised less than three quarters of the financing required

International Losses

Svitzer plans to have methanol tugs by 2025

Maersk-owned tug operator Svitzer hopes to build methanol-fuelled tugs by 2024-25 and is looking at ammonia and batteries as well. It has set a target to halve its carbon intensity by 2030

Environment Fuels

UN tries to raise $80m to fix FSO Safer, but gets just $33m

A UN meeting at The Hague raised $33m of its $80m target to transfer oil from floating storage vessel Safer to another ship, averting the risk of a catastrophic spill. The IMO and Greenpeace called for more funds, with $144m needed for the whole operation

Middle East and Africa Yemen
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