Allianz: Shipping Losses in Asia Buck Global Trends and Continues to Rise, Making it Top Region Worldwide for Major Shipping Incidents

TOKYO/SEOUL, Jul. 23 (Korea Bizwire) – Large shipping losses have declined by 38% globally over the past decade, according to Allianz Global Corporate & Specialty’s (AGCS) Safety & Shipping Review 2018, with this downward trend continuing in 2017. However, disparities remain as losses in Asia rose year-on-year with incidents in South China, Indochina, Indonesia and Philippine [...]