Business News

Allianz Commercial: Shipping losses hit all-time low despite increasing risks for the whole sector

Allianz Safety and Shipping Review 2024: 26 large ships lost worldwide in 2023, down by one third year-on-year, the industry's lowest ever total
South China, Indochina, Indonesia and the Philippines is the main loss hotspot globally, accounting for almost of third of all losses at sea in 2023
War and geopolitical conflicts shake up the shipping industry, with a number of major consequences
Climate risks on the rise while decarbonization of fleets remains a major challenge

SINGAPORE - Media OutReach Newswire - 23 May 2024 - Given as much as 90% of international trade is transported across oceans, maritime safety is critical.

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