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P&I clubs are talking to salvors about a code of conduct for wreck removal tenders, such as the one for the 207,000-dwt Wakashio (built 2007). Photo: IMO

P&I casualty costs soar in the age of mega ships and tougher environmental standards

Expensive wreck removals are also starting to strain relations between insurers and salvors

18 January 2021 11:48 GMT Updated 22 January 2021 13:29 GMT

By Adam Corbett

in London

Protection and indemnity insurers are facing their costliest claims year since the 2012 grounding of the 114,000-gt Costa Concordia (built 2006) on the

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P&I casualty costs soar in the age of mega ships and tougher environmental standards