Lithium-ion batteries create different risks for cargo underwriters, according to International Union of Marine Insurance.
The demand for Lithium-ion (Li-ion) batteriesThe demand for Lithium-ion (Li-ion) batteries, driven in part by decarbonisation, is soaring. The market is projected to grow 30% annually from 2022 to 2030 according to McKinsey.
However, Li-ion batteries do have specific hazards. These include fire, explosion, and “thermal runaway”, a rapid self-heating fire that can...
https://mfame.guru/cargo-underwriters-face-varied-lithium-ion-battery-hazards/