Shadow fleets, fire risks among the biggest concerns for shipping industry: AGCS

Source: https://www.advisen.com/, June 1, 2023
By: Alex Zank

Shadow tanker fleets transporting Russian oil and an uptick in losses from highly flammable cargo are among the most significant risks facing the shipping industry today, according to Allianz Global Corporate & Specialty’s (AGCS) Safety & Shipping Review 2023 report.

The number of vessels deemed total losses dropped to 38 in 2022, down by more than a third from the previous year and reaching the lowest number AGCS has seen in the 12-year history of its shipping review. By comparison, 200-plus vessels were lost annually 30 years ago around the world. Read more.

Find a Broker or Underwriter

Search by product, location or name
https://premium.insurancebusinessmag.com/us-iba-5-star-wholesale-brokers-and-mgas-2023-rt-specialty/p/1https://www.newsweek.com/rankings/most-loved-workplaces-america-2023https://www.insurancebusinessmag.com/us/best-insurance/best-insurance-companies-to-work-for-in-the-us--top-insurance-employers-2023-453773.aspx

Please Update Your Browser

Unfortunately Microsoft is no longer providing support or security fixes for your web browser. RT Specialty values the safety and security of its clients’ data, and as such this site requires the use of a modern web browser. To update your web browser, please see the links below. If you have any questions or would like additional information, please email info@rtspecialty.com or call (312) 784-6001.

Firefox Firefox Chrome Chrome IE Internet Explorer Edge Microsoft Edge