Middle East war will mean spike in machinery damage claims, Allianz warns

Seafarer abandonment up for sixth year in succession, as more fires, higher general average claims and ageing world fleet add to litany of headaches, analysis finds

THE war in the Middle East will generate an immediate spike in machinery damage claims, while Iran’s proposals to levy charges for the Strait of Hormuz passages potentially represent “a profound shift in the maritime order”, according to a prominent marine insurer.