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Safest year for shipping in 10 years

Stringent port state control has been happening steadily over the past couple of decades and must be one reason why the loss statistics have been getting better

Published Tue, Mar 31, 2015 · 09:50 PM

Strait Talk

THE statistics indicate some good news on ship safety. Shipping losses continued on a long-term downward trend last year with 75 reported worldwide, making 2014 the safest year for shipping in 10 years, according to insurer Allianz Global Corporate & Specialty (AGCS).

Except of course that on April 16 last year the South Korean ferry Sewol overturned and sank with the the loss…

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