Published
May 24, 2024 7:41 PM by
The Maritime Executive
The global shipping industry is recording a continuing decline in large vessel losses despite the sector facing growing risks. Global insurer Allianz released its Safety and Shipping Review 2024 which shows shipping losses hit an all-time low, maintaining a trend that has been developing in recent years.
The review contends that despite the global fleet grappling with growing volatility and uncertainties from war and geopolitical events, climate change, and the resurgence of piracy among other risks, the sector lost...
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