Shipping losses fall to lowest level in 12 years: AGCS

Ukraine conflict fallout will challenge shipping in year ahead, with threat of collateral damage on civilian shipping in or around war risk area remaining high, insurer warns

Shipping losses have fallen to their lowest level in the past 12 years, with 38 total losses last year, down from 59 a year earlier, according to the annual safety review published by Allianz Global Corporate & Specialty (AGCS).