Allianz: Shipping losses in Asia buck global trends and continues to rise, making it top region worldwide for major shipping incidents over last decade.
- Written by Reporters
- Safety & Shipping Review 2018: Globally 94 large ships lost in 2017, down by more than a third over 10 years. Bad weather involved in 1 in 4 losses. Asia top global loss region accounting for 38% of shipping losses in 2017.
- In South China and South East Asian waters, losses are up 25% (30 ships) annually with foundering/sinking accounting for...