Large shipping losses at lowest level since turn of century: AGCS

Maersk Honam fire in March 2018 Credit: Indian Coastguard

Large shipping losses were at their lowest level last year since the turn of the 21st century, according to maritime statistics from Allianz Global Corporate & Specialty (AGCS). There were just 45 total losses globally in 2018. This is down from 98 in 2017 and 55% lower than the ten-year average of 104. It is the fourth consecutive year that…

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