Lloyd’s Open Form (LOF) salvage contract awarded for bulker casualties saw a significant increase last year, new analysis shows.
A total of 16 LOF salvage contracts for dry cargo vessels were awarded last year, against five in 2019, according to figures compiled by Roose & Partners.
The law firm said that of those 16, salvage services were performed mostly to vessels carrying cargo, with only three of the bulkers being in ballast.
