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Salvage industry feels the squeeze

The number of shipping incidents and losses have declined in recent years due to improved regulation and the development of a more robust safety culture, says major insurer Allianz

IT is of course true that nobody wants an accident - and that is even more the case at sea, where accidents can very easily become tragedies. Lost ships and lost lives have been a melancholy part of seafaring from the time people started paddling canoes. We must never forget that the sea will...