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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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