Allianz: Shipping Losses Hit a Record Low in 2022, but Jump in Fires, Shadow Tanker Fleet and Economic Uncertainty Pose New Safety Challenges
More than a year after Russia’s invasion of Ukraine, the growth of the shadow oil tanker fleet is the latest consequence to challenge shipowners, their crew and insurers.
- More than a year after Russia’s invasion of Ukraine, the growth of the shadow oil tanker fleet is the latest consequence to challenge shipowners, their crew and insurers.
- During 2022, 38 total losses of vessels were reported globally, compared with 59 a year earlier.
- Oil sanctions have also resulted in Russia and its allies creating a shadow tanker fleet to transport and sell its oil.
- Shipping contributes around 3% of global greenhouse gas (GHG) emissions annually and is committed to tough targets to cut these.