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Fewer ships lost, but still lots of accidents

Machinery failures may not seem dramatic, but imagine a container ship or laden VLCC with engine failure off a rocky shore in a storm

LARGE shipping losses are now at their lowest level this century having declined by over 50 per cent year on year, according to insurance company Allianz Global Corporate & Specialty's Safety & Shipping Review 2019. Now one might validly point out that this century is not yet very old...

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