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You are here: Home Archive 2009 June 29 Lay up clusters a concentrated insurance risk

Lay up clusters a concentrated insurance risk

by Jerry Frank - Lloyd's List last modified Jun 29, 2009 12:12 PM

The large number of ships laid up in storm-exposed areas across Asia is presenting a major insurance risk, the London market has warned.

  
Lay up clusters a concentrated insurance risk

Singapore: Some congestion hot-spots seen as a greater insurance risk

Surveyors, brokers and insurers have raised the alarm over the potential “concentration of risk” posed by out-of-work ships parked in close proximity to areas which suffer seasonal tropical storms.

Shipowners are largely holding back from putting their ships into official lay-up,...

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