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Sunday, August 18, 2019

Maritime Logistics Professional

Torrential rains to bring salvaging bonanza

Posted to Torrential rains to bring salvaging bonanza (by on May 1, 2013

With the monsoon set to hit the Indian coast there is much expectations on the salvaging and wreck removal front most of which is likely to be highlighted during the forthcoming conference on salvaging scheduled to take place next week

In recent years, there have been a number of high profile salvaging and wrecks removals on the Indian coast, particularly in Mumbai port. The MSC Chitra, which collided with MV Khalijia and the naval vessel INS Vindhyagiri that caught fire when it collided with a merchant vessel near the Mumbai harbor are just two in the series. 

There have been quite a few other incidents of old vessels of more than 25 years getting grounded especially on the West coast. Creating public awareness of the continued dangers of shipping even in this day and age of advanced technology and engineering has become an issue of paramount importance. Such cases highlight the issue of growing concern to marine insurers, shipowners and the wider marine industry. Managing the wreck removal operations for these cases costs large sums of money.

Prior to the onset of each monsoon in these past few years has seen leading global players getting all  set to grab any opportunities coming their way by keeping a watchful eye on the coast for any untoward incident which could translate for them into salvaging business. In this regard, Hinode Events and Services Pvt Ltd., is providing a decisive platform which will bring together a significantly large number stakeholders. They had organized the first conference in India on Salvage and Wreck Removal last year, which saw a good turnout. The second edition of this conference to be held on Tuesday, May 7, 2013 has created intense interests among various players. The organizers say the registration is beyond expectations and as a result of the large number of participants already registered they have had to switch over to a bigger venue in the same hotel to accommodate the large number.

The reason is that some of the world’s best known companies in the field of marine emergency response, marine salvage and wreck removal have accepted invitation to participate. Besides, there being only a month left before the monsoon hits the Indian sub-continent hence, this forum will provide an in-depth and factual review of the prevailing guidelines of the maritime administration with their implications. It will also be an opportunity to learn about other strategies which are expected to be brought into focus and their current state of preparedness to handle marine emergencies in Indian waters. Free and frank discussions are likely and analysis is set to take place on the implications of an accident in India’s several offshore oil and gas fields.

Risk managers in ship-owning companies, maritime lawyers and maritime insurance practitioners besides most of the leading global salvage and towage companies, diving specialists, tug boat owners, ship recyclers and many others have already registered themselves as it is said to be of special interest to them.  More details about registration could be had at www.hespl.in.

It is a fact that in order to prevent extensive damage and the need to maintain the environment there is an immediate need for intervention by marine and salvage professionals during any ship accident. Though, salvaging is not considered a difficult task, but it is the challenges that came in the way that pose most of the problems including pressures from authorities, commercial commitments and other requirements. These included technical, diplomatic, legal, commercial and other challenges. The conference is expected to present the solutions.

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