Salvage teams are expected to begin work later today on the capsized cruise vessel Costa Concordia after rescuers completed a search of nearly all of the above waterline part of the ship. US-based Titan Salvage will assess the damage to the ship, while Netherlands-based Smit is to start drilling towards the 17 tanks that contain about 2,400 tonnes of bunker fuel and 200 tonnes of diesel. Although this operation could take between two weeks and a month, the salvage companies do not currently consider it likely that the Concordia will slip further into the sea. Smit Salvage operations manager Kees van Essen said in a conference call that there was a "minimal" likelihood of the ship being dislodged from rocks. Sensors have registered vibrations as Costa Concordia fills with seawater, but nothing to alarm teams carrying out search and rescue operations or preparing to pump out the oil. The fuel tanks are not thought to have ruptured. The death toll from the incident has now risen to 11 confirmed dead and 24 missing. Lloyd's List reported that last August the cruise ship took a similar course to that which caused the disaster on January 13. It also noted that the UK Hydrographic Office maps do not show rocks at the position where Concordia sank, but that UKHO's 1:300,000 scale chart should not have been used for navigation so close to the shore, where the larger-scale Italian charts would have been needed. For the insured P&I clubs, where renewals have been signed for the February 20 deals, it will be a full year and a month before they will be faced with the inevitable rate increases from reinsurers.