Allianz: Shipping losses lowest this century, but incident numbers remain high
- Safety And Shipping Review 2019: 46 large ships lost worldwide in 2018, down by a record 50% annually and 55% below the 10-year average of 104.
- Total losses significantly fell in accident hotspots such as South East Asia. Weather losses halved due to quieter storm year.
- Number of shipping incidents is stable. Machinery damage is the major cause, responsible for US $1bn worth of marine insurance industry claims in...