Source: Allianz Global Corporate & Specialty
Original Date Posted: 5/28/2020
Restrictions on supply chains and international travel have serious implications for the maritime industry. Although the threat from the perils ships encounter at sea may have reduced in many cases due to an increasing number of vessels waiting at anchorage or being in lay-up, other risk challenges have replaced them, as a new publication from Allianz Global Corporate & Specialty (AGCS) highlights. The coronavirus outbreak has led to unprecedented measures being taken by governments which are impacting businesses across the world. The international shipping industry, which is responsible for around 90% of world trade, is no exception and has also been severely affected, resulting in a number of pressing issues for mariners which could result in an uptick in loss activity if not adequately managed.
Comments