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Maritime Intermezzo


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Discussion topics include: Arbitration, Admiralty and Maritime Law, Big Data, Brokering, Chartering, Insurance...

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Allianz's claims in their 2016 annual Safety and Shipping Review shipping losses continue a long-term downward trend with 85 total losses reported worldwide in 2015. The report claims this trend is in large part driven by an increasingly robust safety environment and self-regulation."The fact that superstorms are causing ships to sink is concerning,” says Sven Gerhard, Global Product Leader Hull & Marine Liabilities, AGCS. “We are seeing more and heavier natural catastrophe events." Gerhard further stated "we don't know why [ships are driving into heavy weather] it is happening but Weather routing will continue to be a critical component to the safe navigation of vessels.”

Is this like stating that freight trains are causing more cars to crash into them at rail crossings?

For the full Allianz Report, please click the link under NEWS