Evolution of salvage continues apace

Salvage is having to adapt as the shipping industry changes, as Jon Walker and Nick Haslam, of LOC Group, report

The basic nature of maritime casualties, salvage and wreck removal has evolved rapidly in the last few years. Ships and offshore constructions have become more technologically elaborate and in many cases simply bigger and more complex than ever. There is increasing concern about whether current international legislation and practices can cope with the issues and many in the industry are skeptical regarding the fundamental format of casualty contracts, questioning if they are just chronically outdated.