Highs and lows of salvage in 2023

Wreck removal work accounts for around half of the salvage industry's income (ISU)

The ISU’s annual review has reported increased revenue from LOF cases and increases in income from wreck removals.

“We ask that when considering awards, owners and insurers celebrate the value preserved by ISU members’ services and do not focus on the cost,” said president John A Witte Jr.

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