Fires claims continue to rise

Vessel fires remain one of the industry's most persistent and costly risks, and they are rising. Allianz's 2025 "Safety & Shipping Review" reported a decade-high number of maritime fires in 2024, with 30 per cent involving container, cargo or ro-ro vessels. Large vessel fires remain a top concern, driven by bigger ships, increasingly complex machinery spaces and the operational challenges of fire-fighting and salvage.