Shipping’s ‘Perfect Storm’ is Brewing -Allianz
Large shipping losses have declined by 50 percent over the past decade, mostly driven by the development of a more robust safety environment by ship owners, according to Allianz Global Corporate & Specialty SE’s (AGCS) fifth annual Safety & Shipping Review 2017. In 2016 there were 85 total shipping losses reported, down 16 percent from 101 a year earlier. The number of shipping incidents declined slightly year-on-year by 4 percent with 2,611 reported, according to the review, which analyzes reported shipping losses over 100 gross tons.
Allianz Launch New Seafarers' Health Insurance Plan
Global health insurer Allianz Worldwide Care say they have launched a new plan which offers a compliant solution for on-shore health care to shipping companies affected by the Maritime Labour Convention 2006 (MLC 2006), commonly known as the “Seafarers’ Bill of Rights”. MLC 2006, which came into force in August 2013, requires shipping companies to provide comprehensive rights and protection to the world’s 1.2 million seafarers, including the provision of a minimum level of healthcare cover.