Skuld: Wreck salvaging often much more costly than assumed
Salvaging shipwrecks is often much more expensive than the salvage industry estimates at first, says Skuld. Shipowners are worried about the bigger ships.
With the new wreck convention set to come into force in less than one year, in April 2015, the number of wrecks being removed will increase going forward, and with the entry of the bigger container ships this will do nothing to soothe shipowners' worries about wrecks. Quite the contrary.
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