Maritime safety is paramount, with up to 90% of global trade traversing oceans. Three decades ago, the international shipping industry experienced the loss of around 200 large vessels annually.
However, this figure dramatically dropped to a historic low of 26 in 2023, marking a year-on-year decrease of over one-third and a 70% decline over the past decade. Despite these advancements, the sector faces escalating volatility and uncertainties due to factors like geopolitical tensions, the impacts...
https://container-news.com/record-low-shipping-losses-amid-rising-sector-risks/