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You are here: Home Archive 2011 December Weekly edition 22 December Salvage master slams risk averse industry

Salvage master slams risk averse industry

by Lloyd's List last modified Dec 27, 2011 12:40 PM

THE FOREMOST salvage master of his generation has warned of a catastrophe facing shipping and the marine environment if the industry he helped to shape over 40 years becomes too corporatised.

Klaas Reinigert, a former managing director of Smit Tak and president of the International Salvage Union, is calling for a return to the days when salvage companies were prepared to invest in equipment and people and willing to take a...

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