ShippingWatch

Marine insurance: Large ships increase risk of Tianjin incidents

The risk of incidents such as the explosion at the major Chinese port Tianjin with at least 100 casualties is far greater today, warns the International Union of Marine Insurance, IUMI.

Photo: Ng Han Guan/AP Photo

So far the official number of casualties has passed 100 in relation to the dramatic explosion at the major Chinese port Tianjin, where air pressure smashed windows two kilometers away. And the risk of the industry encountering more incidents of this type continues to grow, notes Dieter Berg, President of the International Union of Marine Insurance, IUMI.

He points to the growing risk of events where one episode leads to an exceptional amount of losses.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

HMM doubled revenue in Q1

South Korean container line HMM follows the trend of European competitors, which have already presented their first-quarter financials. Revenue doubled in a significant surge.

Further reading

Related articles

Latest news

See all jobs