Given as much as 90% of international trade is transported across oceans, maritime safety is critical. Thirty years ago, the global shipping fleet lost around 200 large vessels a year. This total fell to a record low of 26 in 2023, a decline of more than one third year-on-year and […]
Tag: Allianz
Coronavirus impact on shipping industry: idle vessels face new risks, Allianz warns
Johannesburg/London/Munich/New York/Paris/Sao Paulo/Singapore – Restrictions on supply chains and international travel due to the coronavirus outbreak have serious implications for the maritime industry. Although the threat from the perils ships usually encounter at sea may have reduced in many cases due to an increasing number of vessels waiting at anchorage […]
Shipping losses continue to decline but “perfect storm” of regulation, cost-savings and cyber security looms, says Allianz
Large shipping losses have declined by 50% over the past decade, largely driven by development of a more robust safety environment by ship-owners, according to Allianz Global Corporate & Specialty SE’s (AGCS) fifth annual Safety & Shipping Review 2017. There were 85 vessels reported as total losses around the shipping […]