International shipping transports approximately 90% of worldtrade, so the safety of vessels is critical to the global economy.The good news is we continue to see improvements in maritimesafety.

Large shipping losses have declined by 50% over the past decade,mostly driven by the development of a more robust safetyenvironment by ship owners, according to Allianz GlobalCorporate & Specialty SE's (AGCS) fifth annual Safety & Shipping Review 2017.

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