Learning from this tragedy could prove an invaluable lesson in risk mitigation with complex maritime operations, writes John Butler In the early morning of 26th March the container ship Dali struck the Francis Scott Key Bridge in Baltimore forcing its dramatic collapse which was captured and circulated on television and social media across the world. […]
Fires onboard ships are a major problem facing the maritime industry. A small blaze can quickly spread out of control and engulf a whole vessel without proper firefighting and detection. For shipping enterprises, a fire has the potential to destroy large quantities of cargo in a short space of time, leading to huge insurance costs. […]
Total losses in global commercial shipping hit a record low in 2022, according to the annual safety and shipping review published by insurance provider Allianz Global Corporate & Specialty (AGCS). Worldwide, 38 ships were lost last year, 35.6% fewer than the 59 vessels lost in 2021. This is the lowest level of loss in 12 […]