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Allianz says shipping losses at record low

Large shipping losses have fallen to an all-time low, declining by over 20% year on year and by some 70% over the decade, according to Allianz Global Corporate & Specialty annual safety review

‘We know from past downturns that crew and maintenance budgets are among the first areas that can be cut. It is crucial that safety and maintenance standards are not impacted by any downturn’ — Rahul Khanna

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