Marine insurance firm The Swedish Club has released a guide entitled Main Engine Damage that offers advice on preventing damage to a vessel’s main engine.
A summary of the advice is below:
According to the club, main engine claims account for 28% of all machinery claims and 34% of the costs, with an average claims cost close to USD $650,000.
The claims frequency has for the last ten years been steady at between 0.020 and 0.025 claims per vessel and year, with passenger vessels/ferries having the highest frequency with 0.066 claims per vessel and year.
Vessels propelled by medium/high speed engines, meanwhile, have a claims frequency 2.5 times higher compared with slow speed engines; lubrication oil related failure is the most common cause of damage.
The most expensive type of damage is on crank shaft/bearings with an average cost of USD 1.2 million per claim.
The full report can be found here.
Photo credit: The Swedish Club / Main Engine Damage
Published: 29 June, 2018
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