The P&I industry has faced a particularly challenging year, marked by mounting economic pressures, shifting regulatory landscapes, escalating environmental concerns, and intensifying geopolitical tensions. Adding
The crisis triggered by the Houthi movement within the Red Sea since mid-November is generating multiple difficulties for shipping and the global logistics chain in
According to our previous article (https://www.linkedin.com/pulse/total-losses-hull-insurance-market-new-all-time-low-slothsea%3FtrackingId=HxfWS5wxvTQ6J81QAhKYEA%253D%253D/?trackingId=HxfWS5wxvTQ6J81QAhKYEA%3D%3D) marine claims hit an all-time low in 2022, shipping losses hit a record low in 2022 with only 38
In 2022, 38 ships were lost globally, implying an improvement over 2021, when total losses were 59. Overall, total losses have dropped more or less
As in many sectors of the world economy, the global marine insurance industry is significantly impacted by inflation. Since May 2020, the inflation rate has
