- Allianz reports that in 2018, 46 total losses of vessels were reported worldwide. It was down from 98 losses 12 months earlier, with a significant decline in global activity.
- The number of reported shipping incidents overall (2,698 in 2018) shows a little decline – less than 1% year-on-year.
- Machinery damage is one of the most expensive causes of marine insurance claims, costing $1 billion over the past five years.
- South China, Indochina, Indonesia, and the Philippines maritime region remains...
http://mfame.guru/ship-total-losses-fell-in-2018/