Post by ABL

Join us in New York this June for ABL's North America Maritime Breakfast Briefing – a focused session exploring one of the most critical and costly risks facing subsea infrastructure today. Subsea cables account for over 80% of offshore wind insurance claims, highlighting their critical role in overall project risk. At the same time, maritime and P&I exposures are increasing, with third-party liabilities arising from anchor drag, fishing activity, and vessel operations frequently leading to cable damage claims. Individual incidents can result in repair costs of up to $30M, along with $40M to $50M in associated revenue losses. As subsea power and telecoms networks continue to expand across US waters, understanding both installation risks and ongoing third-party interaction is becoming increasingly important. At this session, ABL's Senior Engineer, George Marling, will provide an overview of subsea cable installation, along with practical risk mitigation measures that can help limit claims, both during installation and from later third-party interactions. 📅 Tuesday 23rd June, 9:30 AM EST 📍 In person: 22nd Floor Event Space, 100 Wall Street, New York – register ➡️ https://lnkd.in/eY9EyPfr 💻 Online: register ➡️ https://lnkd.in/ecsjdNPC We look forward to seeing you there! Learn more about the topic and the event here 👉 https://lnkd.in/ef2EBCms #EnergyandOceans #SubSeaCables