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Benefits of EMSS™

Saving Lives

In 2015, USCG2 counted 4,158 accidents that involved 626 deaths, 2,613 injuries and approximately $42 million dollars of damage to property as a result of recreational boating accidents. Both fatality rate and number of accidents are up from previous year. In Canada3, 245 marine accidents were reported in 2015. Over the past 10 years, 83% of marine accidents were shipping accidents. In EMEA, number of marine accidents almost tripled itself from 2011.

If you are in a boat that swamps or capsizes, statistics say you have a 37% chance of ending up a fatality.

Saving the Environment

Global contamination by sinking ships impact marine lives and pollute our oceans. Hazardous chemicals, sinking cargo and oil leaks due to capsizing or sunk marine vessels, can significantly damage the marine ecosystem. Reducing these incidents will improve the natural habitat of marine life and keep it protected.

Since 2017 alone, there have been 42 polluting marine accidents in Canada as well as 86 marine vessels that have sank or capsized.

Saving Cargo

Listing of a marine vessel can exponentially increase chances of capsizing which may cause loss of lives and cargo. In order to prevent deteriorating conditions, the EMSS™ will slow down listing and improve chances of capsizing.

Cargo value can be very high and the impact of saving vessel’s cargo goes beyond the monetary value – cargo can also be hazardous to the environment.

Insurance Overhead

A sunk or disabled ship may also incur salvage endeavor which is very costly. A 19,000 container vessel which capsizes/sinks can result in a total loss of vessel and require removal of wreck as well which can easily go up as $1B shipping loss (Allianz Global Corporate & Specialty Safety and Shipping Review 2016).

Insurance companies can reduce their losses by ensuring shipping vessels have EMSS™ installed to increase chances of saving the cargo and its crew/passengers.

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