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Allianz: Shipping headed for perfect storm

Mounting pressure on shipowners could trigger a new rise in losses in the shipping sector. Insurance giant Allianz warns of a perfect storm despite a 50 percent reduction in losses in the past decade.
Photo: /ritzau/AP/Seo Myong-gon
Photo: /ritzau/AP/Seo Myong-gon
by LOUISE VOGDRUP-SCHMIDT

The rate of losses of large ships has dropped 50 percent over the last ten years, and though this is worth noting, insurance company Allianz has a different objective in its new review of risks faced by the shipping sector –  AGCS Safety & Shipping Review 2017.

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