Shipping industry and insurers need to negotiate terms with salvors to mitigate risk and reduce losses
“We need to increase our interaction with owners and insurers about their present and upcoming challenges and how salvors can support them in that,” said International Salvage Union (ISU) president Richard Janssen.
“We also must continue our drive to ensure high ethical and operational standards,” he said. “Our members are part of the owners and underwriters’ risk mitigation chain.”
Mr Janssen said ISU members need to negotiate agreements with international insurers, shipping companies and Lloyd’s of London to ensure salvage requirements are available when required.
ISU members have invested in seafarers’ assets, equipment and vessels in readiness for salvage operations worldwide.
“I want to celebrate the investment professional salvors continue to make in updating and renewing stockpiles of equipment with a focus on future needs,” said Mr Janssen.
ISU members’ investment in tug and salvage masters, naval architects, divers and marine engineers is vital for emergency recovery services worldwide.
“They are our lifeblood,” said Mr Janssen. “We train them, nurture them and pay them even if when work is short,” he explained.
This represents considerable investment “and continued commitment to provide service professionally when and where they are needed”, said Mr Janseen.
He said this helps shipping companies recognise the benefits of a properly funded salvage industry.
Mr Janssen said ISU members would not focus on developing Lloyd’s Open Forum business, but, would “continue to promote the value of its members and enable world trade by providing a service which save lives, protects the environment, mitigates risk and reduces loss.”