Modules being loaded for the Yamal project


ENSURE BUOYANT ACTIVITY


Ian Cochran takes another look at marine warranty surveying (MWS) in the light of the downturn in the heavy lift and project cargo sector. Industry experts give their views on how the sector is coping, as well as on the developing trends concerning modularisation, renewable energy and the skills shortage.


The current state of the marine warrant surveying (MWS) industry was summarised by Steven Weiss, senior vice president marine at Aspen Insurance, who said: “MWS ebbs and flows with economic activity and things like investment in developing energy, renewable energy, traditional energy, and infrastructure development that needs heavy machinery and/or uses material and supplies from around the world.”


Arjan Honing, a surveyor with Interlloyd Averij’s Amsterdam office, said that the amount of business is growing.


Captain Nathan Mills, master mariner, marine consultant and surveyor with Newman Giles Paines & Co Limited, suggested that insurers are becoming more risk adverse due to the uncertain economic climate.


32 | The Report • March 2017 • Issue 79


CONSTANT DEMAND Bob Volante, managing director and Gino Covello, director of project cargo, both of CSL Global, agreed that the demand for project cargo warranty surveying has remained mainly constant and, if the current growth trend in new ‘megaprojects’ (projects that cost more than USD1 billion and attract a lot of public attention because of substantial impacts on communities, environment and budgets) is taken into account, warranty survey activity has grown by approximately 10 percent year- on-year since 2014.


Peter Baggaley and Tony Moran from London Offshore Consultants (LOC) said that from LOC’s point of view it is actually increasing. The market has shifted and this is now a growing sector.


MEGAPROJECTS


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