[QUOTE=Burong;66382]Thank you, AP
It sounds to me as if there won’t be any litigation about paying out for the loss of Costa Concordia - unless something goes catastrophically wrong during the salvage operation, I suppose.
Presumably the salvage operation will be heavily insured and re-insured in its own right, anyway, I would guess? I think the people in charge of the Marine Heritage side of things would probably insist on specific insurance for the salvage operation, just in case it all goes wrong and damages the Marine Heritage site.
According to the various reports, Costa Concordia’s keel is only 8 feet away from the edge of the underwater “cliff.” It is not as if she is just lying on her side on a flat beach where it wouldn’t matter that much if she slipped. Added to which, the wreck seems to be very precariously balanced and some of the divers etc are reported to have said that the ship’s shape is already beginning to hog, even without any extreme weather. Hence I am suspicious of the Daily Mail’s glib claims about the alleged salvage plans. .
I note that Lloyds List Australia are saying that the Costa Concordia incident is likely to alter the way that risks are assessed in future. I think that goes back to what you said at the very beginning - you said that this one event is likely to be a “watershed” in the whole way that the regulators, insurers and others will deal with cruise ships in years to come.[/QUOTE]
Burong,
I take you back to Cappy 208’s contribution #669.
A Panamax bulk carrier “Pasha Bulker” grounded on the East Coast of Australia during a fierce east coast low in June 2007. She ended totally upright on a flat reef with gently shoaling depths to seaward. A fairly straightforward “text book” salvage…as easy as any salvage can be. The means of removing her employed big tugs, kedge anchors, multi-purchase tackle, high tides and good weather. She incurred significant machinery, bottom and side plate damage, has been repaired and is now back in service.
I believe that the salvage of the CC will re-write the text books. The complexity is enormous. One can only assume that the salvage will be a “fluid” (no pun intended) approach as the problems no doubt raise their heads. Solve one problem and here comes another…
I have the utmost respect and admiration for all recognised Salvage Masters and teams. They are extremely talented professionals in a very limited number.
As news comes to light, via LLA, I shall share with the boards. The integrity of their reports is first class.
AP.