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In recent years the number of large fleets with which we have carried out loss prevention studies has diminished. This was felt to be partly the state of the insurance market and partly because it is a "one time only" exercise and once a fleet has undergone a loss prevention study there is no need for another one. We were pleased to have a large Italian ferry fleet to survey in January which allowed us to bring our skills to bear. Let's hope there are more large fleets out there who see the benefit in our endeavours.

Ezequiel Castro is no longer available in the Panama office. He is taking up an appointment elsewhere. All surveys in that region will be covered by Mauricio Fernandez, Richard Postles and Simon Groves.