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Impact of Bigger Ships - an Insurers Perpective

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(1)

IMPACT OF

BIGGER SHIPS

- an insurer’s perspective

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(3)
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| 5 established expertise

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Shipping Lines:  Benefits of

- reduced ship operating costs - lower cost per container moved - improved environmental impact  Risks of

- reduced manoeuvrability & increased ‘windage’ - potential single loss of ship and cargo

- missing optimum capacity targets

Ports and Terminals:  Risks of

- initial & maintained berth & channel dredging - capex for longer berths, craneage & yard

infrastructure

- berthing challenges (tugs, mooring lines & bollards)

- congestion within & outside terminal

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| Agenda

7 established expertise Impact of bigger ships

Typical incidents at ports & terminals 08

Impact of incidents at sea 18

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| Port/Terminal Total Claims Costs 2010-2014

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| Ship collisions with cranes

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Quay crane claim costs

Spreader, Hoist Weight,

twistlock, cell guide

issue 10%

Stack Collision

10%

Twin Twenty Issue

5%

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| Boom collisions

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| Ship stack collision

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| Agenda

17 established expertise Impact of bigger ships

Typical incidents at ports & terminals 08

Impact of incidents at sea 18

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| ‘Emma Maersk’, Suez Canal, Feb 2013

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Agenda

Impact of bigger ships

Typical incidents at ports & terminals 08

Impact of incidents at sea 18

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| Loss prevention actions & Conclusions

21 established expertise

Shipping Lines:

 Ensure good master / pilot communications

 Contract for tugs of sufficient capacity & number  Expect to go to sea when storm forecast

Ports and Terminals:

 Position quay cranes in the centre of the berth

 Specify & maintain cranes appropriately

 Expect & plan for storm conditions

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Phillip Emmanuel, Regional Director, Asia Pacific – TT Club

Phillip. emmanuel@thomasmiller.com www.ttclub.com

Thank you

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