“Perfect Storm” of Cyber Security, Regulation and Cost Cutting Impacts Global Shipping, According to Allianz Safety & Shipping Review 2017

85 large ships lost worldwide in 2016, down 50% over a decade. Top losses in South China and Southeast Asia; the East Mediterranean replaces British Isles as top incident hotspot. Cyber, autonomous shipping and piracy risks concern maritime industry as economic pressures challenge budgets. Human error accounts for $1.6bn in liability losses over past five […]