Felicity Ace fire causes blazing legal showdown
Volkswagen AG has to deal legal challenges following a catastrophic fire onboard incident involving the cargo ship Felicity Ace in 2022.
Read moreVolkswagen AG has to deal legal challenges following a catastrophic fire onboard incident involving the cargo ship Felicity Ace in 2022.
Read moreCyber incidents such as ransomware attacks, data breaches, and IT disruptions are the biggest worry for companies globally in 2024 (36% of responses), according to the Allianz Risk Barometer 2024.
Read moreAllianz will now publish a new series of bulletins to assist stakeholders with risk mitigation and loss prevention measures for emerging risks. A recent bulletin, issued in October, focuses on Lithium-ion batteries and their association hazards.
Read moreAllianz Commercial’s "A turning point for offshore wind" report identifies emerging trends and a number of risk challenges facing the sector as it prepares for global growth.
Read moreAllianz highlights that fires on vessels remain one of the biggest safety issues for the shipping industry. As there are several incidents in recent years where Li-Ion batteries have been reported as contributing to fires on vessels, Allianz experts Capt. Rahul Khanna, Captain Randy Lund and Captain Anastasios Leonburg, share their considerations on how electric vessels may impact safety onboard.
Read moreMukesh Chatter, CEO and co-founder of Alsym Energy explains that the maritime industry needs help to progress toward net-zero emissions. The industry is struggling partially due to inaction by governments but also because it’s waiting for new alternative fuel technologies to become available, including ammonia, methane, and hydrogen.
Read moreAccording to Allianz Safety Shipping Review 2023, cargo fires are a major safety issue. However, the industry does not seem to be taking fire safety seriously. Inadequate fire safety measures as detected by PSC inspections, misdeclared cargo and improper handling of new, dangerous materials are some of the most common reasons why cargo fires remain a challenge.
Read moreCyber security has been a major challenge for shipping in the past years. Growing connectivity networks and digitalization efforts modernize shipping but also pose a serious threat to its integrity when targeted by malicious attacks.
Read moreAccording to Allianz Safery and Shipping report 2023, decarbonization of shipping is now well underway, but the pace of these efforts is influenced by range of factors, including green technology, regulation and market forces.
Read moreAllianz Safety and Shipping Review report highlights that fire is the second top cause of loss over the past year with 8 vessels lost and more than 200 incidents reported – the highest for a decade.
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