More than 50 Lloyd's Open Form (LOF) contracts were awarded in 2017, the highest figure since 2012, in what appears to be a brief respite in the long-term decline of shipping’s traditional emergency response work.
According to the Lloyd’s insurance market, 54 LOF contracts were awarded in 2017, an increase of 12 from 2016.
Tsavliris Salvage Group was by far the most successful salvor in securing 12 LOF contracts in 2017.
