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Allianz Global Corporate & Specialty (AGCS) recently released its second annual Safety and Shipping Review, which analyzes reported shipping losses of vessels over 100 gross tons. The report revealed that 2013 losses had declined by 20% from 2012 figures to 94 large losses. The 2013 accident year also represents a significant improvement on the previous 10-year loss average, with total worldwide shipping losses declining 45% since 2003.

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