Swire and Hutchison-owned Hongkong Salvage and Towage made the decision on the tugs two years ago as they try to keep their eye on what lies on the horizon for the port’s future

Dispute will include ferries operating between Greece and Italy as well as services to the islands. Towage and salvage tug crews will also take part

‘Salvors may come under increasing pressure not to invoke Special Compensation P&I Clause payments, or to move on to commercial terms sooner if a constructive total loss becomes a relevant consideration,’ Martin Hall and David Handley argue

‘It seems to me that if you need to do things to get your ship back, to be in a position to repair it, those things have to be paid for,’ argues Patrick Hawkins of Hill Dickinson

The latest ruling in the case of the Renos not only confirms Swedish Club liability for major hull casualty but establishes a precedent with significant implications for marine insurance

Vessel traffic will be restricted to slow speeds through the Houston Ship Channel for up to a week as salvage operations continue