Tysers P&I Report 2023 – Is Big Best?

Welcome to the latest edition of the Tysers P&I Report.

In the last year the drive towards decarbonisation has resulted in many
industry firsts. We have seen a number of hydrogen powered and autonomous
vessels making their maiden voyages, and there is a demand for ever larger
vessels to bring economies of scale. However, these new technologies, when
combined with the erosion of specialist maritime skills, increased cyber risks
and GPS spoofing, and a significant rise in fire losses are causing a change in
maritime exposures.

The P&I Clubs are being very proactive in endeavouring to plan for owners’
possible future response and service requirements but there remains much to
do. We hope that the Clubs are using the benign 2022 pool claims experience
as a chance to give their engines a serious overhaul. Hence our ‘Car’ theme
this year.

We hope you will find this ‘mechanic’s’ report incisive.

Click here to view the full report.