Allianz Warns of Costs from New Shipping Emissions Rules

A fully stocked cargo ship heading out to sea.

New emissions rules set to hit the shipping sector from next year risk causing costly harm to vessels, German insurance giant Allianz said in a study published Tuesday. “The worry is that we could see an increase in the frequency and cost of machinery breakdown claims” related to the changeover, senior shipping underwriter Justus Heinrich… Continue reading Allianz Warns of Costs from New Shipping Emissions Rules