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Insurance companies want to limit the number of boxes on container carriers

Container ships lose way more containers at sea than before the coronavirus pandemic. Insurance companies want container lines to improve security systems or reduce the number of containers.

Photo: Aly Song/Reuters/Ritzau Scanpix
By Patrick Hagen, Versicherungsmonitor

Marine insurance companies are putting pressure on carriers in order to make them improve security on their container ships. Since last year, the ships' loss of cargo has increased.

The winter of 2020/2021 was especially bad. From November to March, roughly 3,000 containers were lost in the Pacific Ocean, costing the insurance companies more than EUR 100m.

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