Allianz warns of new insurance risks from super-sized ships in the Arctic | Reuters
▻http://in.reuters.com/article/2014/03/13/allianz-shipping-idINL6N0M93PF20140313
(Reuters) - The rise of super-sized container vessels and the opening up of potentially hazardous routes through once-frozen Arctic waters pose the biggest new challenges to ships and their insurers, a report said.
German insurer Allianz flagged these “emerging risks” in its annual Safety and Shipping report, published on Thursday. The company said increased use of these large cargo ships, such as the Maersk “Triple E class”, which is as long as four football pitches, could lead to potentially massive insurance claims.
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