
Time to take action against container ship fires
Fire-fighting capabilities onboard container ships are deficient and there is a need to improve the safety of crew, environment, cargo and ships themselves.
Fire-fighting capabilities onboard container ships are deficient and there is a need to improve the safety of crew, environment, cargo and ships themselves.
Cargo theft has reached alarming proportions, and further steps to better facilitate the safe and secure flow of goods within the global supply chain are needed.
Marine cargo market is in a state of “accelerating change” driven by underwriters taking action to address unprofitable results.
Marine insurance premium for cargo was reported to be USD 16.6 billion for 2018, representing a 2.5% increase on the 2017 result.
According to the International Union of Marine Insurance, marine underwriting premiums for 2018 were recorded at USD 28.9 billion which represents a single percentage point rise from 2017.
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