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Cyber-threats, crewing practices and increasing activity in the Arctic could all pose major safety and security threats in the coming years, an Allianz Global Corporate & Specialty (AGCS) report has warned.

Cyber-threats, crewing practices and increasing activity in the Arctic could all pose major safety and security threats in the coming years, an Allianz Global Corporate & Specialty (AGCS) report has warned.

Shipping Losses Declines By 65%.

How big data will transform shipping.

- Safety & Shipping Review 2021: 49 large ships lost worldwide last year. Total losses down 50% over 10 years. Number of shipping incidents (2,703) declines year-on-year. - Shipping industry resilient through pandemic, but crew change crisis has long-term consequences. Covid-19 delays and surge in demand for shipping increasing cost of claims. Inadequate ship maintenance could bring future claims. - Suez Canal incident shows ever-increasing vessel sizes continue to pose a disproportionately large risk with costly groundings and salvage operations. High number of fires and containers lost at sea. - South China, Indochina, Indonesia and Philippines maritime region is the global loss hotspot.