Allianz Commercial has published its Safety and Shipping Review for 2024, which finds that the sector will have its work cut out to maintain this status quo in future.
According to Allianz, the fact that shipping is increasingly subject to growing volatility and uncertainties from war and geopolitical events, the consequences of climate change, as well as ongoing risks resulting from the trend for larger vessels, means the industry will have to face significant challenges.
The speed and extent of the way the industry’s risk profile is changing is unprecedented in modern times. Conflicts such