Day OneWednesday, 11 December 2024 - GMT (Greenwich Mean Time, GMTZ)

Against a backdrop of recent changes to LOF24 and LOF adoption at an all-time low, we look at a fictional scenario with experts to walk through the realities of awards using LOF. The session will add clarity to conversation and help frame not only discussion throughout the conference but also the closing parliamentary debate.

The maritime industry is accustomed to responding to large scale accidents, some of which could be considered extreme. An allision with a bridge causing its collapse or wreck removals lasting many years have become recurring events for salvors, marine insurers and governments. These incidents are perhaps less extreme to those professionals dealing with them. In the public perception, however, they certainly are extreme events, and they continue to pose significant challenges to all those involved. The panelists will share with the audience their insight.

In a complex operation headed by the “Unified Command”, multiple contractors and third parties were involved in the salvage operation that followed the collision of the Dali vessel with the Baltimore Bridge earlier this year. Lead by the U.S. Army Corps of Engineers and the U.S. Navy Supervisor of Salvage and Diving, the Unified Command worked with three main contractors in the salvage operation and we hear from them in this session. What were the major technical obstacles and how did collaborative operations help a relatively quick clean up operation under difficult PR pressures?

• Overview of recent incidents and trends in cargo fires and challenges in firefighting and salvage operations.
• Salvor’s responsibility in oil recovery and containment.
• Liability issues governing salvage operations, and the role of P&I Clubs in managing these risks.
• How could future fuels affect salvage & wreck removals?

Finding a timely and receptive port of refuge for complex casualties is becoming increasingly challenging. The delay in finding willing hosts for distressed vessels is creating additional complications and becoming more dangerous as a result. Our panel unpick some recent examples and discuss the lessons industry should be taking.

This session will offer a comprehensive exploration of the multifaceted challenges and opportunities in the Red Sea, focusing on the interplay between marine insurance, regulatory frameworks, and security strategies. Split into two parts, firstly, Andreas Bisbas will provide insights into the intricacies of war risk insurance and the coverage nuances essential for maritime operations in not only the Red Sea, but high-risk regions globally.

We’ll then move to a panel discussion looking at the impact of international maritime law and regional regulations, highlighting compliance and regulatory challenges as well as the practical safety concerns, including strategies to mitigate risks such as piracy and geopolitical tensions, which significantly impact both operational decisions and insurance considerations.