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'Bigger box ships mean bigger risks for everyone'
11 Jun, 2019

It seems the ultra-large container vessels (ULCVs) that have become the 'new normal' on the Asia-Europe tradelane have not proved as popular as the lines that operate them hoped.

Several shippers The Loadstar spoke to at Transport Logistic in Munich last week could not hide their aversion to the ocean behemoths - and it appears the insurance industry also has concerns.

In its 2019 Safety and Shipping review, Allianz says ULCVs "are of particular concern" for the insurance industry, given that bigger vessels mean bigger risks, with a potential for a loss as big as $4bn.

 

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