ShippingWatch

Fewer accidents please maritime insurance companies

The number of shipping incidents has now been cut in half according to the latest statistics from IUMI, the International Union of Maritime Insurance. But extreme weather with storms such as hurricane Sandy have a big price.

On the one hand, fewer ships are colliding, but on the other hand, there are more ships running aground due to extreme weather.

This is one way you could sum up one of the conclusions from the statistics compiled by the International Union of Marine Insurance (IUMI) detailing accidents and incidents in shipping and the energy industry.

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