News & Events Keeping you informed and up to date with the latest industry developments

Post online – Europe: The cost of Concordia

The Costa Concordia cruise liner, which had been lying dormant off the Tuscan coast of Italy, has just had a rude awakening. The 952 foot-long wreck was put completely upright shortly after 2am GMT on Tuesday 17 September after an operation using cables and metal boxes filled with water rolled the ship onto a specially constructed undersea platform – a process known as parbuckling.

The ship, carrying more than 3200 passengers, ran aground on a reef near the Italian island of Giglio in January 2012. The cost of the disaster has been significant  32 people lost their lives, the ship was valued at $500m and, last month, Munich Re estimated the cost of removing the wreck would likely exceed $1.1bn.

Safety regulations
Nigel Russell, marine director at broker RFIB, concludes: “I think there have already been further rules and regulations in the EU that are due to come out on marine safety but that is a normal political response.”

For all that one can see, this appears to be human error a lack of judgement. How far you can go to completely take out the human error element of the risk is open to question.”

To view the article online click here

Latest News
Event – 46th AIO Conference 2019
Staff insight – Diversity and equality at RFIB Africa
RFIB to adopt Whitespace for digital risk placement