A MARINE WARRANTY SURVEYOR SHOULD BE ENGAGED TO REDUCE CARGO SHIFTING RISK SAYS LONDON P&I CLUB
Due to a recent increase in the incidence of deck cargoes shifting in heavy weather, the London P&I Club said it supports a recommendation to appoint a marine warranty surveyor to supervise high- risk marine construction and transportation project operations where appropriate.
“In the past year, LOC has seen many deck cargoes shifting in heavy weather,” Paul Walton, a director with international marine consultant LOC (Hong Kong), said.
After further investigation, it has been discovered that the stowage and securing of these cargoes “did not comply” with the ship’s Cargo Securing Manual (CSM) or the practices laid down within the Code of Safe Practice for Cargo Stowage and Securing (CSS Code) or other applicable codes of safe practice, Walton added.
“Such losses have prompted the view that a suitably qualified marine warranty surveyor should be recommended to attend such load-outs. This would ensure that the port captain or supercargo carries out the operation correctly, and that the master is
satisfied with the stowage, securing and tensioning requirements, as is his responsibility under SOLAS,” according to Walton.
A marine warranty surveyor provides independent third-party technical review and approval of high-value and/or high- risk marine construction and transportation project operations, beginning at the planning stage. The objective of employing such a surveyor is to make reasonable endeavours to ensure that the risks associated with the specified operations are reduced to an acceptable level in accordance with best industry practice. The role of the marine warranty surveyor is independent of, and complementary to, that of the port captain / supercargo.
“By appointing an independent third-party marine warranty surveyor to review the whole operation from start to finish, carriers and charterers will reduce the high-risk factor associated with deck cargoes. The attendance of a marine warranty surveyor will ensure that the regular areas of failure within a deck stow such as poor lashing equipment, insufficient use of lashing equipment, and non-compliance with all relevant safety codes will be avoided,” Walton said.
London P&I Club is calling for a marine warranty surveyor to be engaged to reduce the risk of shifting deck cargoes
OFFSHORE WIND POWER SECTOR IS SET FOR EXPONENTIAL GROWTH REVEALS NEW REPORT
Offshore wind power is on the cusp of exponential growth, with installed capacity set to nearly triple between 2015 to 2020 reveals a new joint industry report.
This growth is being accompanied by marked cost reduction, with recent auction tenders suggesting that costs have fallen by 60 percent compared to 2010 levels. As a result, a new International Energy Agency’s Renewable Energy Technology Deployment report REWind Offshore highlights that industry cost targets for 2025 have been surpasses eight years ahead of schedule.
Following a year of record breaking auction prices for the offshore wind power sector in the Netherlands and Denmark, the study identifies the key success factors that have supported a burgeoning industry in Europe, drawing lessons learned for both policy makers and industry players.
The report, delivered through a collaboration between the Carbon Trust, Mott MacDonald and Green Giraffe, identifies several examples of best practice, underpinned by the need for political stability and visibility of market scale and support mechanisms. Notable recent policy trends include the introduction of competitive auctions and centralized development models, in which
government bodies take on a greater role in the development process.
The trends in the offshore wind power sector are seen to be having a considerable impact on the risk profile for developers, with increased allocation and price risk countered by reduced development and technical risk. This is resulting in lower perceived risks from the finance community due to growing confidence in the ability of developers and the supply chain, with offshore wind increasingly considered an attractive investment opportunity for a more diverse range of actors.
Having been pioneered in a small handful of European countries, offshore wind power is set to expand geographically, with considerable market growth forecast both within and outside Europe, particularly in East Asia and North America.
However, while the European offshore wind power market may be demonstrating signs of maturity, emerging markets outside Europe are at a much earlier stage. The European market has benefited from clustering around the North Sea region, which has a rich background in offshore engineering and maritime sector activities, so more isolated emerging markets are expected to encounter greater challenges. Lower cumulative market size and a lack of established suppliers are likely to require greater government intervention to reduce investor risk, states the report.
The Report • June 2017 • Issue 80 | 9
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