Ukraine war adding to global shipping safety concerns: AGCS
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Ukraine war adding to global shipping safety concerns: AGCS

Samuel Casey
May 10, 2022
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Ukrainian flag flies from the stern of a ship in the Black Sea port of Odessa, Ukraine.jpg

The ramifications of the war in Ukraine could result in marine insurance claims beyond immediate war losses in the Black Sea, with the conflict adding to pressures over crew, fuel and port congestion globally, according to a report from Allianz Global Corporate & Specialty (AGCS).

The insurer said that the conflict was exacerbating existing supply chain challenges that emerged during the pandemic, contributing to congestion in ports and adding to shortages of qualified crew, all of which heightened the risk of accident.

Meanwhile

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Samuel Casey
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