Port of StocktonMultimodal 2018OvetTMS Tanker Conference 2018TBA - Software Solutions & Services for ports, terminals & warehousesTelestack
  • Multimodal 2018
  • Telestack
  • Sailors Society
  • Coaltrans India
  • Cimbria Bulk Equipment A/S
  • Coaltrans USA

Easy does it says Swedish Club

(Posted on 04/07/18)

The Swedish Club has warned that vessel operators should always look to the long term, when specifying the type of engines to be installed across the fleet. Latest statistics from the Club show that vessels propelled by medium/high speed engines have a claims frequency 2.5 times higher than slow speed engines, with an average claims cost of close to USD 650,000.
 
Main Engine Damage, the latest loss prevention report from The Swedish Club, sheds light on an expensive category of damage that is all too frequent. Statistically a vessel will suffer between one and two incidences of main engine damage during its life time. Considering the costly consequences for ship owners and their hull insurers, it is important to identify the main causes of this damage and examine how these can be prevented.
 
The publication also includes loss prevention advice from the major engine manufacturers, MAN Engines and Wärtsilä.
 
Peter Stålberg, Senior Technical Advisor explains: “Our investigation shows that bulkers and tankers are the best performers for claims cost in comparison with Club entry. Most of these vessels have slow speed engines. Conversely passenger vessels/ferries have the highest frequency of main engine claims – 0.066 claims per vessel and year. Often these vessels have multiple medium speed engine installations. The same is also true for Ro-ro vessels.

“When there is a choice to be made between a slow speed engine and a medium/high speed engine, the Club’s experience demonstrates that the slow speed engine is the safer option, when you balance the space saving advantages of the medium/high speed engine against the increased costs of running the vessel in its lifetime. In addition, not only is the claims frequency of medium/high speed engines higher, but they also have a disproportionate claims cost (43%) in relation to insured vessels (28%).”
 
Lubrication failure is still the most expensive and frequent cause of damage, followed by incorrect maintenance and/or repairs.

Latest News

Thordon’s salt lugger solution

(Posted on 03/12/18)

Thordon Bearings has completed a range of water-lubricated and grease-free bearing installations to... Read more


T. Parker Host Receives Strategic Investment from Metalmark Capital

(Posted on 03/12/18)

Metalmark Capital Invests in Host to Fund Acquisition of Avondale and Provide Incremental Capital for... Read more


GTMaritime’s VAR agreement with Marinesat

(Posted on 03/12/18)

GTMaritime has signed Marinesat as a value-added reseller to deliver its maritime-optimised communication... Read more


Pacific Basin closes new US$40m loan

(Posted on 03/12/18)

Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, has closed... Read more


Agreement on minimum wage for seafarers

(Posted on 27/11/18)

The social partners, namely the International Transport Workers Federation (ITF) and the International... Read more


Higher earnings for Diana Shipping

(Posted on 27/11/18)

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has... Read more


Eagle Bulk expands scrubber initiative

(Posted on 27/11/18)

Eagle Bulk Shipping Inc. has announced that is has exercised its options to purchase 15 additional exhaust... Read more


Damen’s Caribbean milestone

(Posted on 15/11/18)

Damen Shiprepair Curaçao (DSCu), floating dock has become operational with the docking of a bulk... Read more


EuroDry acquires panamax bulk carrier

(Posted on 15/11/18)

EuroDry Ltd., an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk... Read more


ICS Chairman’s trade threat concern

(Posted on 15/11/18)

Speaking in Tokyo on behalf of the global trade association for shipowners, the International Chamber... Read more


TMS Awards 2016 winnersBühler GmbHCoaltrans IndiaTOC EventsThe Mississippi Valley Trade & Transport CouncilThe Maritime Standards Awards 2018
  • Bühler GmbH
  • The Mississippi Valley Trade & Transport Council
  • Port of Stockton

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping