The salvage industry's revenue grew in 2013

The international organization for salvage carriers has published an annual report showing that the industry's revenue grew in 2013 even though the number of available contracts decreased.
Photo: Gregorio Borgia/AP/POLFOTO
Photo: Gregorio Borgia/AP/POLFOTO
BY LOUISE VOGDRUP-SCHMIDT

It was not that there was more to salvage in 2013 than in the previous years, but it cost more, according to a report from the International Salvage Union, ISU, which consists of carriers that work in the salvage industry.

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