Allianz: Geopolitical Tensions Risk Reversing Declines in Vessel Losses

Allianz: Geopolitical Tensions Risk Reversing Declines in Vessel Losses

The global merchant shipping industry is grappling with a fast-changing geopolitical landscape that is creating new risks and challenges, an emerging...

Global Shipping Records Lowest Vessel Losses In 2024 But Faces New Threats

Image for representation purposes only The global shipping industry marked a historic achievement in 2024 with the lowest-ever number of large vessels lost, according to the latest safety review by Allianz Commercial. Only 27 ships over 100 gross tonnage (GT) were lost worldwide last year, representing a 20% drop from 35 in 2023 and a striking 75% decline from 105 losses reported a decade ago. This sharp reduction contrasts with the 1990s, when …

Higher Repair Costs and Claims – Shipping Industry in Murky Waters: Allianz Report

With rapid changes in trade relations and on-off tariffs globally, the shipping industry has witnessed spiralling steel prices and higher repair costs, says Allianz. But shipowners have to have their vessels repaired. Allianz Commercial, a leading insurance company, in its latest report ‘Safety and Shipping Review 2025’, highlighted that marine claims are now more costly than […] The post Higher Repair Costs and Claims – Shipping Industry in Mur…

Geopolitical tensions lead to increasing risks for shipping sector globally - Truck and Freight Information Online

• Allianz Safety and Shipping Review 2025: Trade conflict between the US and China and growing shadow fleet add to substantial challenges for the shipping industry. • Despite geopolitical headwinds: only 27 large ships lost worldwide in 2024, down by more than 20%, the industry’s lowest-ever total. • Progress made […]

A risk classification agency claims that companies heavily dependent on the external market are more exposed to geopolitical risks, especially those that have China and the US as major export destinations

Geopolitical tensions lead to increasing risks for shipping sector globally - defenceWeb

The fast-changing geopolitical landscape is creating new risks and challenges for a shipping industry already juggling the energy transition and the legacy of the Covid-19 pandemic, according to Allianz Commercial’s latest Safety and Shipping Review. The industry faces an increasingly volatile and complex operating environment, marked by attacks against shipping, vessel detentions, sanctions, as well as the fall-out from incidents involving dama…