UK Armed Guards Look Vulnerable To Emerging Nations’ Prices
Shipping companies and charterers will want to continue to pay British rates ? As regulation slowly and painfully filters down the private maritime security industry, a "proliferation" of new firms from emerging countries is inevitable and British PMSCs will price themselves out of the market, according to Norton Rose partner Philip Roche.The big question, Mr Roche said, is whether shipping companies and charterers will want to continue to pay British rates?"There will be a proliferation of PMSCs from countries like the Philippines and China. Their standards won't necessarily be worse but they will have a different approach. It is likely that, like so many other industries, UK PMSCs are going to price themselves out of the market," he predicted.Mr Roche said that the legal wrangling surrounding the Enrica Lexie incident - in which two Italian marines shot dead two Indian fishermen they thought were pirates - reflects the concern that large parts of the industry still have about putting guns on ships."We have opened a Pandora's box in a way and it has happened due to shipping's ability to self help. The legal and insurance world has reluctantly followed. It has always been a question of when rather than if ...
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