Shipping losses down 20% in 2013
Shipping losses continued their downward trend with 94 losses reported worldwide in 2013, dipping below 100 for only the second time in 12 years, according to Allianz Global Corporate & Specialty.
The insurer's annual Safety and Shipping Review, which analyses losses of over 100 gross tonnes, a 20% decline from 2012 when there were 117 reported losses.
The 2013 accident year also represents a
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