The dire state of a large part of the freight market appears to be a bigger threat than the risk of ships colliding or grounding.
Market volatility, intensifying competition and stagnation were identified as the leading business risks facing the shipping and marine industry in a survey for Allianz, the big German insurance group.
Allianz publishes an annual risk barometer, with market issues cited more frequently in the 2016 edition than traditional “perils of the sea”.
Market
