While total losses declined year-on-year, the number of shipping causalities and incidents reported was relatively flat year on year, with AGCS reported. (Credit: Kalyakan/Adobe Stock) While total losses declined year-on-year, the number of shipping causalities and incidents reported was relatively flat year on year, with AGCS reported. (Credit: Kalyakan/Adobe Stock)

In 2022, ocean marine losses hit their lowest point in the 12 years low, Allianz Global Corporate & Specialty (AGCS) has been producing its annual Safety & Shipping Review. During the past year, 38 vessels were total losses compared with 59 in 2021.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]