The fishing vessel market is a vital component of the global fishing industry. In 2024, it was valued at over $1.54 billion, as reported by Research and Markets, and it is projected to grow to over $2 billion by 2028. This growth is driven by increasing demand for seafood, environmental concerns, and various economic factors.
Fishing vessels are specialised and include:
- Trawlers
- Purse seiners
- Longline
- Factory ships
In such a high-value and complex industry, issues and disputes are inevitable, leading to various claims. These claims can involve port and dock damage, hull damage, engine and mechanical damage, and ancillary equipment damage, which can result in vessels being out of service and incurring repair costs and loss of earnings. Additionally, the mechanical and engineering wear and tear these vessels face, combined with the dangers of life aboard a fishing boat, can lead to injuries and, in the worst cases, fatalities.
Whether you are defending a claim or making a claim involving a fishing vessel, Thomas Miller Claims Management (TMCM) can help. Our commercial fishing claims management services include:
- Specialist claims handling
- Third-party administration
- Medical assistance
- Offshore personal injury
- Legacy claims solutions
- Audits
Beyond our claims handling expertise, we offer proactive risk management services. We support Master Mariners and fleet personnel in managing incidents, disputes, protests, and potential liabilities before they escalate into claims.
Interested in learning more about TMCM’s commercial fishing claims handling services? Contact us today for expert claims management you can rely on.
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