More than 250 delegates attend opening day of the 2nd Asian Marine Casualty Forum in Singapore
More than 250 shipping and insurance professionals gathered today for the second edition of the Asian Maritime Casualty Forum held during Singapore Maritime Week.
The two-day conference is hosted by London Offshore Consultants (LOC), a world leader in marine and engineering consultancy and sponsored by 29 prominent organisations from the industry.
Building on its successful launch during Singapore Maritime Week in 2015, this year’s AMCF highlights some of the vital issues in salvage and wreck removal and in particular improving risk management of casualties and the many commercial and technological challenges facing the industry. This morning’s keynote speaker and guest of honour was David Chin, executive director of the Singapore Maritime Foundation, who outlined Singapore’s leading role as a centre for casualty management and response.
He said: “There has never been a more crucial moment for the industry to address the issues it is facing today. The landscape for maritime casualty management, salvage and wreck removal has and will change with the introduction of megaships, cutting edge technology and onset of new global maritime compliance and regulations.
“How well maritime companies will respond to these changes demands specific attention from all stake holders in the industry value chain.”
“The industry must come together to develop initiatives that improve casualty management and understanding between the parties.”
Andrew Squire, LOC chief executive officer, added: “LOC is pleased to take the lead on hosting this event for the industry once again because many of the issues faced demand attention. We believe the industry must continue to tackle the issues of rising cost as well as new technological and operational challenges.”
The gathering covers a wide range of topics including the current standard salvage and wreck removal contracts, technical innovations, the risk from the changing world fleet, casualty management, places of refuge and the need or otherwise for removing wrecks. An insight into the search for the lost Malaysian Airline flight MH370 also features.
Delegates include salvors, ship owners, underwriters, senior representatives from the International Group of Protection & Indemnity (P&I) clubs, lawyers, flag state representatives, classification societies, ship registries, brokers, consultants and surveyors.
David Chin added: “I am convinced that it is time that the maritime industry stake holders, work together to promote the Asian Marine Casualty Forum. In the next decade, the shift of trade and maritime related activities to Asia will be a reality, bringing with it renewed opportunities as we build to buttress Singapore’s position as Asia’s premier maritime hub.”
The event is chaired by David Pockett, a founding director of LOC, who added: “We are delighted with the level of interest shown in the second AMCF. With over 400 industry professionals registered to date, 29 sponsors, 27 speakers, 13 industry association supporters and four official media companies, we feel the forum objectives have been met and the event will be even more successful than the first held in 2015”.
Source: LOC Group