Major ship losses continued to decline last year, but smaller incidents are on the rise, alongside increased safety risks resulting from the coronavirus pandemic.
Today’s Safety & Shipping Review 2020, published by insurance provider Allianz, reveals 41 ships of over 100 gross tons were lost in 2019, 20% fewer than in 2018 and 70% fewer than a decade ago.
Asia was worst hit, with 14 large ship losses, which Allianz puts down to …
The post Asia’s busy shipping lanes a hotspot for disaster, but...