Turmoil, shadow fleets, and mis-declared cargo affect marine risk priorities
The global shipping industry is contending with mounting geopolitical and economic uncertainties, even as long-term maritime safety trends continue to improve, according to Allianz Commercial’s 2025 Safety and Shipping Review.
The report identifies a growing list of operational challenges for shipowners and insurers, including regional conflicts, sanctions, and supply chain realignments. These are compounded by ongoing risks related to vessel safety, such as fires and mis-declared cargo, as well as structural issues tied to aging fleets and shi…